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Obama Hopes To Give Employment a Boost

Job creation is the new and improved goal of this legislation, and those struggling with debt should pay attention. Recently, President Obama has been touring the nation drumming up support for his new stimulus plan, although no one is actually calling it that. With the unemployment rate still at 10 percent, the president is now taking steps to help the economy recover quicker.

Not only is the president looking to pump more money into the economy to boost job creation in markets like infrastructure and small business, he is offering incentives and tax credits to those companies who start hiring. It’s great news for all of those struggling with debt and looking for a lifeline.

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The hard-working American middle-class is filing bankruptcy in higher numbers than ever before. It’s not the rich, nor the poor, but the middle-class that is falling behind on all payments quicker than they can catch up, and it’s costing them their credit score, their financial future, and their wallet.

In the past, the path to financial freedom and success has been a college degree and home ownership. These days, the path to financial freedom and success is anyone’s guess.

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Record Breaking Bankruptcy Numbers Accompany Economic Growth

Is the economy turning around? Well, we’ve heard all the experts say that it’s finally on the right track, but what does that really mean to American consumers struggling with credit card debt and facing a 10% unemployment rate?

Strictly looking at the numbers, it does seem like some things are getting better, while some, like the job market, are continuing to struggle. According to Time, consumer spending went up 6.6% over the summer, and Gross Domestic Product grew 7.2%. These are amazing numbers, taken completely alone. However, American’s lost over 165,000 jobs during that same time and the unemployment rate isn’t improving.

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It’s that time of year again. It’s the time of year when you eat too much and spend more money than you have, and dipping into that credit card becomes all the more tempting. Of course we all want to get our friends and relatives the perfect gift to show them how much we care, but using the credit card should not be an option, especially if you’re already in debt or are recovering from financial strain.

As a consumer focused site, we like to help you out with some money saving tips for the holidays to keep you away from using those credit cards. This is the time of the year when putting the “holiday” credit cards in a box in the closet is probably your best option. Continue Reading

Bankruptcy, Medical Bills, and the “Emergency” Credit Card

Bankruptcy and medical bills; you could say the two terms literally go hand in hand these days. It’s amazing when you take a moment to stop and really look at the numbers. Take into account that we are heading for a record-breaking bankruptcy year, it’s extremely difficult to ignore the fact that “something’s gotta give.”

According to CreditCards.com, we are on a fast track to filing 1.4 million bankruptcies this year. We’re already at over 1.07 million, and the number is climbing very fast. Wrap this number around your head; 6,000 bankruptcies are being filled every month nationwide! With the Credit Card Act changing the game of the credit industry, and the unemployment rate at around 10% nationally, and health insurance companies taking advantage of everyone, it really shouldn’t be a surprise that bankruptcy numbers are through the roof.

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Well, bankruptcy and bailouts have become the definition of our current times. You cannot turn on the news without hearing about a massive auto company that is filing for bankruptcy, or an entire state that is on the brink. So, how can you avoid bankruptcy during this recession? That’s a great question!

There are ways to avoid bankruptcy, and using programs like the DebtSettlementProgram.com in just one option. With debt negotiators and seasoned veterans in the field of creditor negotiations, you can avoid bankruptcy.

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