Life can be down right miserable when you are traveling through a financial storm! Many people have done all the right things like paying their bills on time, living within their means, putting aside money for a rainy day and yet they still experience life. I don’t know if a statistic exists for this next [...]
Even in the difficult-to-fire federal world, employees have been fired for being unable to pass security clearance. A story for FederalNewsRadio.com written by Suzanne Kubota says that: If you can’t pay your bills, you can’t keep your job. That’s what it has come down to for 39 employees at the Defense Finance and Accounting Service. [...]
Everyone has suspected that the average credit scores have been falling. The economy has given a serious black eye to credit and credit scores and now we know how much! FICO.com has just reported that 25.5% of the US population that use credit now have a credit score of 599 or less. That’s a whopping [...]
The US deficit jumped $165,931,038,264.30 on one day last week (June 30), making it the 3rd largest daily increase to the deficit in US History. According to Stephen Dinan: The figure works out to nearly $1,500 for every U.S. household, or more than 10 times the median daily household income. According to Wikipedia, deficits are: [...]
According to a new survey released by Freddie Mac announced the lowest 30 year mortgage rate at 4.57%. These mortgage rates are linked to the yields on Treasuries and also the yields on mortgage-backed securities. In an article for Reuters written by Julie Haviv: While low rates and high affordability have helped the housing market [...]
Sometimes old debt that you thought was long ago dead and forgotten comes back to haunt you. A scary practice performed by junk debt buyers and collection companies is the purchase of old and often outdated debts for pennies on the dollar and then come after you for payment. These outdated debts are known as [...]
We are living in crazy times! There appears to be an over abundance of homeowners on the horizon that are looking to “buy and bail”. Talking with many mortgage brokers the trend seems be be on the rise as they are experiencing more calls from prospective homeowners looking to finance a new home so they [...]
According to the Federal Reserve the lending to small business those companies with under 50 million in annual sales is getting easier for the first time since the latter part of 2006. The big banks and financial institutions are loosening the purse strings but smaller banks are still locked down and it can be very [...]
Why would anyone be interested in reading about credit report collections? Well, most the time it’s because you have been denied credit and have ordered the credit report to see what’s going on. Low and behold many times there are collections on your credit report. These collections are being reported by collection agencies and they’re [...]
The credit reporting agency, Transunion settled on a class action lawsuit by setting aside 75 million dollars nearly 2 years ago. Now, this amount is but a drop in the bucket and a baby slap on the wrist for this particular credit bureau but that discussion is for another day! The reason if you’re not [...]