Personal Finance News - 'Debt' Tag

Every person’s financial status is unique to themselves but when it comes to choosing that all important new credit cards then most people are left asking the same questions.

According to the latest data from the Federal Reverse, the consumer debt jumped to its highest in the decade in November near the start of holiday season.

An already slumping house market has been a source of alarm for the economists for a long time now.

If you are in the position where your home is now “underwater”, then it can be difficult to decide which course of action to take.

According to a recent report from Moody’s Investors Services, experts are predicting a credit card boom in 2012 based on the November figures published by the six main credit card companies.

In the current financial climate, bank loans are difficult to secure and as a result, many business owners are starting to use similar tactics to those being used by consumers across the country by putting off non-priority expenses and reducing …

A new study published by the Journal of Marketing Research has made the suggestion that showing a minimum payment of credit card statements each month is actually encouraging consumers to take much longer to pay off their credit card debts.

If you are a homeowner who had mortgage debt forgiven either in full or in part during the 2007 to 2012 tax years then you may benefit from the IRS ‘Mortgage Forgiveness Debt Relief Act 2007′.

Recent statistics show that one of the easiest ways to become a target for both identity fraud and collection scams is to apply for a bad credit loan over the internet.

It might be hard to believe, but according to a recent survey carried out by Visa most American consumers do not understand their credit score and have little or no grasp on which factors credit rating agencies consider when determining …

Just like other forms of credit, including credit cards, mortgages and car payments, defaulting on your student loan can carry some very serious consequences.

Over the last few weeks, five of the United States largest life insurance companies have lost their AAA ratings from one of the country’s largest credit rating agencies.

The recent Metlife Study of Elder Financial Abuse revealed that senior citizens are increasingly falling victim to financial abuse, and around 34 percent of these crimes are being committed by family and friends.

A large number of nonprofit organizations across the United States are preparing to launch a new program which will help underprivileged consumers to build a credit score in order to avoid the costs which often arise as a result of …

A recent study into so called money rules has shown that while some of the things we accept as fact are true, many of them should be avoided.