The proliferation of Americans that have fallen into what we call the “debt trap,” has increased significantly within the past two years. I am confident that comes as no surprise to anyone familiar with this just by picking up a newspaper or watching the news.
I think it started with the housing ... [
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As a Christian company that specializes in helping individuals and small businesses get out of debt, it comes as no surprise that the weight of a recession, joblessness approaching 10% or higher in some states and the fear of inflation just around the corner, one could say, these are the worst of ti... [
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Credit Card Debt Statistics
According to Moody’s Investors Services, the U.S. Credit-card defaults rose to a record during the month of September and more losses lie ahead as delinquencies rose for the first time since March of this year.
What does that mean to you and me? We are not paying ou... [
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There seems to be a recurring theme in our country right now, with major corporations filing for bankruptcy to get rid of (or walk away from) their debt obligations (such as their bondholders). These people worked hard, invested their money in the bond or stock market, in order to help these compani... [
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Today we received some what some would say is good news from The Federal Reserve Bank. The report stated that consumer credit dropped by $21.5 billion from June 2009 to July 2009.
The Fed went on to say that consumer credit lines in the U.S. totaled $2.47 trillion in July, down 10% from June’s 2.... [
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