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Topic: Credit Card Debt

  
ECONOMY   |  Comment

The Credit Card Crisis

Jose D. Roncalwww.financialspeculation.comBack in September, 2008 we covered a topic that we believed was getting too little attention by mainstream media: the looming credit card crisis.  In both our white paper,Consumer Debt in ...READ»

Brian J Sunderland Lawyer Oregon and Pre Bankruptcy Credit Counseling

Brian J Sunderland Lawyer Oregon and Pre Bankruptcy Credit Counseling If any of the following situations apply to you, you will have to add time to the three-year, two-year or 240-day rules for your debts to qualify for discharge in bankruptcy: READ»

Financial Aid

Mark Kantrowitz knows all the tricks when it comes to increasing your family's share of federal student aid.READ»

Brian J Sunderland Lawyer Oregon

Brian J Sunderland Lawyer Oregon WILL I EVER GET CREDIT AGAIN? Yes! A number of banks now offer "secured" credit cards where a debtor puts up a certain amount of money (as little as $200) in an account at the bank to guarantee payment. Usually the credit limit is equal to the security given and is increased as the debtor proves his or her ability to pay the debt. Two years after a bankruptcy discharge, debtors are eligible for mortgage loans on terms as good as those of others, with the same financial profile, who have not filed bankruptcy. The size of your down payment and the stability of your income will be much more important than the fact you filed bankruptcy in the past.The fact you filed bankruptcy stays on your credit report for 10 years. It becomes less significant the further in the past the bankruptcy is. The truth is, that you are probably a better credit risk after bankruptcy than before. READ»

ECONOMY   |  Comment

The Future of the Credit Card Industry

Jose D. Roncalwww.financialspeculation.comLast fall we wroteConsumer Debt in the U.S., an extensive report on the state of credit debt in the U.S. We've also written about the credit crunch in our bookThe Big Gamble. There is valuable ...READ»

Another Credit Crunch

  Retailers who had been bracing for weak sales this holiday season were pleasantly surprised on Black Friday, as retail sales rose 3 percent to $10.6 billion nationally according to MarketWatch. In the midst of the current ...READ»

LEADERSHIP   |  Comment

Use to abuse

Credit cards are a good means for emergencies. However these days, every day is a financial emergency. People end up using their credit cards and often times reach their credit limits. Credit card companies take advantage of these ...READ»

95 Percent FHA Cash Out Refinance.

There is not a better way to access the equity in your home than the FHA 95% Cash Out Refinance program.  Using this program, your homes equity can be accessed quickly and easily with a 580 credit score. FHA interest rates are very ...READ»