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Tag Archives: default

Consumer Credit At Risk Of Default May Now Exceed 33 Billion…

Saturday, May 23, 2009

Read this:
The amount of U.S. consumer credit at risk of default jumped to $33.02 billion in March – representing a nearly 35 percent increase from the $23.52 billion estimated in February,
The entire story is over here:
http://www.insidearm.com/go/arm-news/

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Credit Card Debt Relief

Saturday, December 13, 2008

If you read the papers, there has been a lot of different articles recently about credit card debt- the credit crunch has been all over the news…
There are many stories out there, both from the consumers side & the banks’ side.
And now, many banks are raising delinquency fees & lowering available lines of credit.
But, what [...]

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Filing For Bankruptcy Protection Due To Medical Bills

Saturday, July 26, 2008

Are 50%+ of bankruptcies filed in the U.S. related to medical emergencies?
“A Harvard study published in 2005 estimated that about half of all bankruptcies filed in the U.S. have their origins in medical costs, a ratio that jibes with Silver’s and other bankruptcy veterans’ observations here in Indianapolis.”
Click here:
http://www.indystar.com/apps/pbcs.dll/article?AID
This article is very well written.
Highly recommended [...]

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Alt-A: A MUCH Bigger Problem.

Sunday, May 11, 2008

This is simply an AMAZING analysis of a much bigger problem that is looming out there:
http://www.youtube.com/watch?v=pmeBSWI9sF8
This guy really knows his stuff when is comes to mortgages.
Just watch it.
He echoes my thoughts: while everyone is discussing “subprime” mortgages, what about the home equity loans that your average person took out during 2003-2007?
Average FICO scores over 700 [...]

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