Category Archives: Loans
Fed Plan Could Lead Chicago Consumers Into More Debt
Recently, the Federal Reserve laid out a not-so-heralded plan to boost the economy by driving down long-term interest rates in order to stimulate the economy. But the plan only works if borrowers take out loans now, which sends them into debt. Even with low interest rates, this situation can be a challenge to overcome. In… Read More »
Chicago Bankruptcy Can Help Students With Debt Caused By High College Loans
The Lexington Herald-Leader recently reported about a couple in Kentucky facing $70,000 in federally insured student loans, despite dropping out of school because of family problems and defaulting on the loans. The couple is now buried and debt, yet haven’t filed for bankruptcy. While it’s true most student loans cannot be discharged, filing bankruptcy can… Read More »
Those Considering Bankruptcy in Chicago already have Credit Score Blues; New Beginning a Sigh of Relief
We exercise. We visit the doctor regularly. We eat healthy — all to preserve our physical health. But taking care of your financial health is every bit as important. The estimated credit card debt in the United States is nearly $15,000, according to Credit Cards.com. Many blame the recession, the deteriorating housing market and other… Read More »
Atlanta Homebuyers Learn Secret to Qualifying For a Mortgage Amid Tightening Credit
Lenders can’t seem to make up their minds. One day they’re handing out subprime mortgages like candy. The next, it seems you need to be a saint to qualify for a loan. Well, maybe not a saint. But you do need to have a credit score and finances that put you in the top third… Read More »
How Chicago Homebuyers Can Increase Chances of Getting a Mortgage
Less than 10 years ago lenders were handing out mortgages like there was no tomorrow. This spring, it’s a different story, say Chicago bankruptcy attorneys. Just one-third of borrowers who apply for a mortgage in coming months will qualify, according to Wallet Pop. After being burned by a record number of defaults and with a… Read More »