Blog sponsored by Bankrupt-Law.com


Wednesday May 24

Study Shows Consumers Have Increased Their Debt By More Than 12 Percent
Since 2004

IRVINE, Calif., May 24 /PRNewswire/ -- Experian Consumer Direct, a leading
provider of online direct-to-consumer credit reports, scores and monitoring,
today announced the results of a nationwide study on consumer debt that
shows consumers have increased their debt by more than 12 percent over the
past two years. Minimum monthly payment obligations also increased by 10
percent during the ...   more »

Blog sponsored by Bankrupt-Law.com


ForeclosureS.com releases 1st quarter report
May 24, 2006

By COCO SALAZAR

Foreclosure activity has picked up this year and the outlook isn't rosy.

Across 918 counties nationwide, first quarter foreclosures amounted to
217,849, rising 23% from the fourth quarter and 31% above the level a
year earlier, according to ForeclosureS.com, a nationwide foreclosure
lists publisher.

In the West, high-risk adjustable-rate mortgage resets to fully
amortized payment schedules, in combination with rising interest rates,
flattening price appreciation, ...   more »

Blog sponsored by Bankrupt-Law.com


By Linda Stern

WASHINGTON (Reuters) - Here's something that might get all those puzzled
people on the hit TV dramas "Lost" and "24" really scratching their
heads: Make them decipher the mail that credit card companies send out.

Consumer groups have been complaining for years about the sad state of
credit card industry disclosures, but little has been done to improve
that lately. To the contrary, credit card issuers have gotten absolutely
masterful about meeting the ...   more »