Debt Collectors Getting Hard To Find
October 30, 2007
There is no debate that more Americans are missing payments on loans and other obligations than ever before. In some areas, the problem is reaching critical mass. A slow economy means unpaid bills, it is that simple. With people who are losing jobs, finding mortgage payments out of reach, and struggling with medical expenses, completely paying their bills each month has become impossible. Enter the debt collector.
Vehicle Insurance: Where You Lives Matters
October 30, 2007
Where you live in the US matters a great deal in how much you will pay in premiums to insure your vehicle. Insurance.com did a survey and has come up with some interesting facts.
Insurance Tips for California Wildfire Victims
October 30, 2007
Those who became victims of the recent wildfires in California should contact their insurance carriers as soon as possible. Under most , damage that is caused by smoke or fire is a covered event. The same is true for renter’s insurance and most business insurance. Most victims will also find that they are covered against water damage due to fire fighters efforts to contain a fire.
Greenspan Warns Home Prices to Fall
October 30, 2007
The former United States Federal Reserve Chairman, Alan Greenspan, recently commented that current home prices would surely continue to drop and that this drop would most likely have an effect on spending trends in general.
Make the Most of Renters Insurance
October 30, 2007
Many renters believe that renter’s insurance is either too expensive or that it simply is not necessary. Most people fully understand the need for homeowner’s insurance, but that same feeling is not always carried over to those who are renting homes rather than buying.
Home Prices Being Slashed
October 30, 2007
There has been a lot of bad news lately about the current housing market and the future of the market as well. Some of this dire news is securely rooted in the sub-prime market and the effect that adjustable rate mortgages will have once they begin to reset. However, another issue in the housing market is the glut of inventory currently available.
Banks Adjusting for New Loans
October 30, 2007
It is not just consumers and homeowners who are feeling the economy’s pinch. Big banks are showing poor quarterly reports which may indicate that the problems associated with the mortgage sector is now spreading its wings and becoming a problem in other sectors as well. In a nutshell, as consumers face more problems paying their bills (of all types) the banks take a hit.
Sub-Prime Mortgages: What is the problem?
October 30, 2007
It has been estimated that nearly 3 million home loan borrowers are in the sub-prime category of adjustable rate mortgages which are set to readjust to much higher rates by the end of the year 2008.
Consumer Savings Accounts Dropping
October 30, 2007
The last time American consumer savings dropped in negative ground and stayed there for a full year was during the Great Depression of 1932-33. Until now.
Credit Card Defaults Increase
October 30, 2007
The agency that rates credit worthiness, Moody’s, recently reported that credit card defaults are on the rise. In fact, they are sharply higher than they were in the past.