Blog sponsored by Bankrupt-Law.com
Leslie Fulbright, Chronicle Staff Writer
Tuesday, July 18, 2006
(07-18) 04:00 PDT Washington -- Low-income residents of 13 cities across the
nation pay extra for many everyday services, sometimes thousands of dollars
more over a whole year, a study to be released today shows.
By taking out higher-interest mortgages, shopping at rent-to-own furniture
stores, using check-cashing businesses instead of banks and buying groceries
at convenience stores, the nation's working poor households pay much more
than moderate- ... more »
|
|||||
|
This Month
Month Archive
Search
Subscribe to our Feed
Recent Articles
|
Tuesday, July 18
Poor pay more for services, study says
by
BK Blogger
on Tue 18 Jul 2006 09:49 AM PDT
Tuesday, July 11
CREDIT CARD COMPANIES LOOK TO ENTICE MORE CUSTOMERS
by
BK Blogger
on Tue 11 Jul 2006 04:05 PM PDT
Blog sponsored by Bankrupt-Law.com
The credit card industry mailed out a record 6.06 billion solicitations in the U.S. last year, according to the McClatchy Newspapers. About 18 million offers, or about 0.3 percent, were accepted, which was a record low. Recognizing the need for better bait, credit card companies are increasingly offering rebates or rewards to entice new customers. "If you have a high bill that you can't repay at the end of the month, the whole point of earning ... more »
BORROWING RISES AS CREDIT CARD USE JUMPS
by
BK Blogger
on Tue 11 Jul 2006 04:04 PM PDT
Blog sponsored by Bankrupt-Law.com
The Federal Reserve reported yesterday that borrowing by consumers rose in May for the seventh consecutive month as credit card and other types of revolving debt jumped by the most since October 2004, Bloomberg News reported yesterday. Consumer credit, or non-mortgage loans to individuals, rose $4.4 billion, or 2.5 percent at an annual rate, to $2.174 trillion. The figures suggest that Americans are using their credit cards to finance more purchases as rising interest rates and ... more »
Debt Trap; Some credit counselors leave drowning debtors in worse shape than before
by
BK Blogger
on Tue 11 Jul 2006 08:43 AM PDT
By ROSALIE RAYBURN Illustration by CATHRYN
CUNNINGHAM Of the Journal
Advertisements that offer to repair damaged credit can look like a lifeline to a consumer drowning in debt. Bankruptcy statistics show that the loss of a job, a health crisis or a divorce can swiftly turn the tables on a healthy financial situation. But all too often, people who seize at creditrepair promotions, hoping for relief, end up worse off than they started. In 1951, a group of credit companies ... more » Wednesday, July 5
Theory behind bankruptcy law doesn't seem to hold water
by
BK Blogger
on Wed 05 Jul 2006 11:07 AM PDT
Blog sponsored by Bankrupt-Law.com
By David Nicklaus ST. LOUIS POST-DISPATCH 07/02/2006 David Nicklaus The image of the deadbeat borrower, defaulting on a debt out of sheer laziness, is a powerful one in the American psyche. Certainly the nation's bankers used that stereotype to great effect when they persuaded Congress to overhaul the nation's bankruptcy laws last year. The trouble is, eight months after the law took effect, the stereotype doesn't appear to be true. The new law forces people to ... more »
Consumers face challenges in handling debt
by
BK Blogger
on Wed 05 Jul 2006 09:34 AM PDT
Blog sponsored by Bankrupt-Law.com
Rising rates, higher gasoline prices are putting a squeeze on budgets A gas station customer uses his credit card to pay for his gas purchase in Des Plaines, Ill. Some consumers may be finding that higher gas prices and interest rates are squeezing their budgets. NEW YORK - Rising interest rates and higher gasoline prices are putting the squeeze on consumers' budgets, and many are finding it harder to keep up with their bills. Credit counseling ... more » |
Consumer Links
Bankruptcy Attorneys
Blogs and Podcasts of Interest
|
|||
|
|||||