Category Archives: Loans
Eliminate Debt to Make Most of Lower Mortgage Rates
Fact: Mortgage rates are at an all-time low. Fiction: A lower mortgage is the answer to all your prayers. The average rate for a 30-year mortgage fell to around 5 percent recently. That’s pretty convenient because it means rates won’t be adjusting significantly higher, as many have feared, and – if you’re lucky enough to… Read More »
Bankruptcy Can Relieve the Debt You’ve Been Carrying Since College
Colleges hold your future (and your tuition) in their hands, so you’d think they’d have your best interest in mind, right? Surprisingly, no. College is where many people – yours truly included – start the downward spiral into credit card debt. Banks set up recruiting stations on campus to entice students to sign up for… Read More »
Illinois Bankruptcy Lawyers See Economic Growth, But Warn Road to Recovery Might Be Long
Something rare happened to me recently – I actually heard some positive economic news. In this day and age, that’s reason for some (cautious) celebration. So here’s the happy newsflash. Proof has finally arrived that the $787 billion economic stimulus package passed in February was (no surprise) worth the money, according to a New York… Read More »
Illinois Bankruptcy Lawyers Remind Homeowners to Get Help Before Mortgage Payments Get Too Expensive
Here’s a riddle for you – what do homeowners and a certain large African bird have in common? Answer: They’re both known to bury their head in the sand when scared. Unfortunately, instinctive behavior isn’t always logical – and the bulk of an in-denial homeowner’s problems, like the bulk of an ostrich’s body, will still… Read More »
Chicago Bankruptcy Laywers Suggest Chapter 13 for Consumer Financial Protection
I guess the banking industry hasn’t heard of karma. After sending our economy into a downward spiral with irresponsible lending practices – and putting millions of Americans out of homes, jobs and dreams in the process – they were bailed out by the same taxpayers they nearly destroyed. So when the industry caught wind of… Read More »