College graduates struggling with student loan debt may soon have some relief, thanks to a pair of measures proposed by the Obama administration. According to a story by CNNMoney, starting this January a new White House measure will encourage graduates with two or...
Month: October 2011
Obama refinance plan hopes to help underwater homeowners
Homeowners who owe more on their mortgage loans than what their residences are worth might be able to refinance under a new plan announced by the Obama administration. But, as NPR points out in a recent story, homeowners must meet certain requirements to participate...
Study shows that foreclosure crisis literally makes people sick
There is no doubt that financial hardship is an extreme stress on a person's life. For many, it is hard to understand how our bodies actually work. Why would delinquency regarding mortgage payments mean that someone is more likely to be physically unhealthy? It's an...
Comedian is not laughing over Florida foreclosure
Foreclosure is no longer something that only the fringes of society are faced with. Many regular homeowners who had always been current on their home mortgages have had to face the consequences of overwhelming debt during the recession. And the rich and famous are not...
Those diagnosed with cancer more likely to file for bankruptcy
It's a common misperception that there is something shameful about needing financial help. Some feel that it's an embarrassment to have an excessive amount of debt and the need to file for bankruptcy. Those people, however, need to look at reality. Options like filing...
Holiday shopping layaway: don’t let it put you in debt
It is hard to believe that the holiday season is upon us again. And even though economic times are tough in Florida and throughout the country, friends and families are sure to find ways to hit the stores and buy their loved ones gifts no matter what. It can be the...
Struggling American consumers aren’t asking for help
You know that stereotypical story of gender norms, how men are too proud to stop and ask for directions when they get lost, right? Well, according to a recent USA Today report, Americans who are lost in financial crises are avoiding getting direction, too. Poverty is...
Fannie Mae under scrutiny related to ignored foreclosure abuse
It's the nature of every business to want to make a profit, but there comes a time when the price is simply too high. The foreclosure and subsequent economic crisis is that price. There were reportedly many red flags and warning signs that pointed to the crisis, and...
Why it’s important to question your bank about debit cards
Not long ago using a debit card was considered a wise choice for those who wanted to avoid credit card debt but wanted the perks of using something other than cash or checks. But more and more avoiding extra charges is becoming difficult as banks are charging...