Category Archives: Bankruptcy

Without Good Debts, More Young Consumers Unable to Get Loans

Fewer young adults are in debt today than 10 years ago. But as it turns out, that may not be a good thing. It’s not that people in their 20s and 30s have become more financially responsible overnight. Rather, it’s that their fiscal behavior over the past decade has finally made it impossible for them… Read More »

Credit Card Debt Exceeds Savings for an Increasing Number of Americans

It looks like 2013 may be the year the U.S. economy finally regains some strength. Unfortunately, the same probably can’t be said for consumer finances. Nearly one quarter of Americans have credit card debts that exceed their savings, according to new data from Just 55 percent of those surveyed had more savings than debt…. Read More »

Financial Aid Scams Take Advantage Of Chicago College Students

Getting a college degree is supposed to help you earn money – but lately, some students have been losing money thanks to a growing number of financial aid scams. For many folks out of work or looking for a way to boost their current income, going back to school seems like a logical solution. Problem… Read More »

Crushing Credit Card Debt Causing More Workers to Postpone Retirement

Traditionally, the stereotype of a consumer with too much credit card debt has involved a young person – perhaps a recent college graduate with student loans or a young couple with a mortgage. But new data suggests that older Americans are struggling just as much – and sometimes more – than their children and grandchildren…. Read More »

Foreclosure Rate Falls to New Low, But Most of Decline Occurs Only in California

It’s still only February, and already 2013 is shaping up to be a better year for the housing market. Recently released data indicates that we’ve surpassed the peak of the foreclosure crisis. According to RealtyTrac, foreclosure activity – which includes default notices, scheduled auctions and repossessions – fell 7 percent since last month and a… Read More »