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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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Should you consolidate your debt? Maybe a debt loan is more your style? Or perhaps you’ve done your research and know that the only financially responsible way out of credit debt is with debt settlement. You know that debt consolidation is a trap, a way for debt consolidation companies to get the best of your finances, while you get the worst of them. You know that debt consolidation is all about deepening your problem, instead of working your way out of it.

Credit debt is a huge problem facing this country. The typical American consumer these days has struggled with credit debt derived from medical bills, foreclosures, job loss, and pay cuts. While unemployment numbers skyrocket, so do bankruptcy percentages and foreclosures. Sure, the economy might be making a sluggish turn-around, but where does that leave you?

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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

Read an interesting article today about the greedy, fraudulent companies out there just preying on the middle-class. It was a great article, until it got to the parts about debt settlement companies. Even though it is a topic discussed again and again, it never seems to settle. Once again, there are thousands of fraudulent debt settlement companies out there. We hear about them every single day, and how consumers paid hundreds and thousands of dollars in monthly fees while the debt settlement companies would literally sit on the money and not work to get them out of debt. But, and I say it again, not all debt settlement companies are like that.

ACCORD, the American Coalition of Companies Organized to Reduce Debt, is an organization that, much like USOBA, United States Organizations for Bankruptcy Alternatives, has set extremely strict guidelines in regards to debt settlement company membership. Any company that wishes to enroll and become credited by ACCORD must adhere to certain policies that truly make it impossible for the company to be fraudulent in any way. Continue Reading

Debt Settlement Companies – Fraudulent Practices Getting Spanked in Illinois

Chicago has seen its share of disappointments in the past few days, with losing the Olympic bid and with the recent needless murder of a young man in the streets. Things have been rough for the Windy City, but at least someone is stepping up and making some changes.

The debt settlement industry has always been scrutinized for not upholding promises made to consumers who are already struggling. They have always been harassed by the Federal Trade Commission for taking advantage of those in financial strain. And for good reason. Many of these companies are extremely shady and want nothing more than to take your money and run. It seems to be common theme among debt settlement companies.

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Some new credit card numbers have been released from Credit Karma this month, reviewing the past few months of consumer credit debt history. Good news! We are slowly getting gout of debt!

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While the Credit Card Act 2009 was supposed to help consumers, many in Arizona are still feeling the pinch of greedy creditors. A disturbing account of credit card activities is chronicled today in the Arizona Republic, telling the stories of many Arizona credit card holders who are not feeling any positive effects from the Credit Card Act. In fact, their situations are actually getting worse.

Hit by fallout from the recession, housing slump and rising unemployment, many institutions have scaled back lending. Last week, the American Bankers Association reported record-high delinquencies in three consumer areas: home-equity loans, equity lines of credit and credit cards.(AZ Republic)

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by Russ Wiles – Oct. 6, 2009 12:00 AM
The Arizona Republic

The honeymoon between banks and customers is over, cut short by last year’s credit crunch.

Banks are done wooing customers. Customers have given up on the idea that banks will always be there for them. The thrill – of cheap, easy-to-obtain money, that is – is gone.

This is an era of strained relationships, and the focus is on just figuring out how to coexist. The new mantra seems to be: “Bankers/consumers (circle one) – you can’t live with ‘em, and you can’t live without ‘em.”

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SARATOGA SPRINGS, New York (CNN) — Two years ago, Dawn Warfield was drowning in debt.

The average American household has $8,329 in credit card debt, according to the Nilson Report, a credit industry newsletter.

Warfield had nearly 10 times that amount.

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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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