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What You Need To Know About Credit Card Debt Consolidation

July 28, 2010

There is more than one way to responsibly reduce your debt. You can attempt to do it yourself, or you can work with a reputable professional who is dedicated to helping people get out of debt. Following is a comparison of what you can expect from either of these two debt relief options.
Do It Yourself Debt Relief
You can [...]

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Mortgage Help for Unemployed on the Way

July 26, 2010

Although the Home Affordable Modification Program (HAMP) allows for 3 to 6 months of forbearance for unemployed homeowners, high unemployment rates are causing longer terms of unemployment. The federal government is adding mortgage help options directed toward unemployed homeowners.
The Wall Street Journal is reporting that the federal financial overhaul approved by Congress and signed into law [...]

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Debt Relief News: President Signs A New Law

July 21, 2010

Today, President Obama will sign the Wall Street Reform and Consumer Protection Act (H.R. 4173). The new law offers hope for those suffering from too much debt. Debt levels worldwide got out of control and now everyone is paying the price. Reforming the financial industry is crucial to long term economic stability.
Debt, whether mortgage debt or credit [...]

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Mortgage Fraud: You Are Your Own Best Protection

July 19, 2010

Sweeping financial reform is expected to extend protection to consumers for many types of financial transactions, but will it work?  Chicago Sun-Times columnist Terry Savage notes that history seems doomed to repeat itself; the government created the SEC in the wake of the Great Depression, and that agency failed to protect us from the likes of [...]

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Saving The Economy: Feds Talk Deflation

July 14, 2010

The Federal Reserve’s Federal Open Market Committee (FOMC) met last June 22-23 for their regularly scheduled monetary policy making meeting. The minutes from that meeting have been released, and show that for the first time in a long time the Feds are concerned about deflation. With the Fed’s main interest rate still in the 0.000% – 0.250% [...]

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Lowest Mortgage Rates, Sagging Home Prices: Great News for Buyers

July 13, 2010

New home sales fell by 33 percent during May, and sales of existing homes fell by about 2 percent. Adding to the dismal outlook for US housing markets are pending home foreclosures that will add more inventory to  already glutted markets. While these numbers paint a gloomy picture for those selling homes, buyers can take [...]

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Today’s Debt Relief Programs Are More Effective

July 7, 2010

Debt relief programs today are much better than those of the past. New loan products come onto the market often. In many cases, interest rates have come down and repayment terms have gotten longer, making monthly payments very affordable. A repayment program can be designed to fit in your budget. There is no reason to ruin your credit with late [...]

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Low Mortgage Rates: Time to Refinance?

July 5, 2010

With mortgage rates below 5 percent, why aren’t more homeowners refinancing their mortgage loans? The sluggish economic recovery and concerns about jobs continue to challenge housing markets and demand for mortgage loans. Homeowners considering refinancing may also find that they don’t have enough home equity due to falling home values.
Refinancing Your Mortgage: Why and Why Not
The [...]

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Get Help With Debt As Soon As You Need It

July 1, 2010

A serious blow, such as losing a job or getting a divorce, can cause anyone to go into shock. People have a tendency to shut down for awhile when things get beyond their ability to handle. The trouble is, when the shock wears off and its time to tackle any problems, it can be too [...]

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