Category Archives: Banks
Chicago Bankruptcy Attorneys See More Americans Paying Credit Cards Instead of Mortgage
Somehow our priorities got switched around during the Great Recession. Homeowners who used to prioritize paying their mortgage above all else are now opting to use that money to pay their credit card bills, Chicago bankruptcy attorneys say. In a way, it’s a strategy that makes sense. One-quarter of American homeowners are underwater – meaning… Read More »
Get Ready for the Economic Recovery By Improving Your Credit, Atlanta Bankruptcy Attorneys Say
When it comes to the current economy, there’s good news and there’s bad news, according to Atlanta bankruptcy attorneys. First, the bad: Employers eliminated 20,000 jobs last month, way more than economists predicted and enough to send the stock market in a small downward spiral. Now the good: Unemployment had reached a lower level than… Read More »
Layoffs Increase While Credit Troubles Improve, Say Chicago Bankruptcy Attorneys
If you look hard enough, you can always find some good news to temper the bad. This week’s depressing newsflash informed us that employers cut 20,000 jobs last month – more than economists expected, and enough to threaten a recent dip in unemployment and shake up the stock market, according to Chicago bankruptcy attorneys. The… Read More »
Atlanta Bankruptcy Attorneys Warn That Government Mortgage Program Is Increasing Foreclosures
Contrary to homeowner hopes, Uncle Sam’s $75 billion mortgage modification program may be causing more bad than good. Created early last year, the program was supposed to encourage banks to modify loans of the millions of Americans facing foreclosure. Unfortunately, it’s managed to permanently modify just 35,000 – a drop in a rather large bucket,… Read More »
Put Your Savings Toward Debt First
What if I told you there’s a way to increase your income by adding another payment each month? You’d probably think I was out of my gourd, right? Fortunately for you, I’m not. See, there’s a twist – the extra payment is to yourself. That’s right, I’m talking about saving. On Tuesday, we talked about… Read More »