Consumer Credit Counseling Services (CCCS) can negotiate reduced interest and payments. This program does not discharge/settle debt. You can get a referral at: http://www.nfcc.org – This program only helps with credit card debt…not things like car loans or student loans. If you are near/at the point of default on your credit cards, you may [...] [...more]
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Provided you meet the qualifications to file BK, then yes you can file BK as an individual, however if any of the accounts are joint accounts, or if your dad co-signed any of your loans, then the person who did not file will be responsible for the entire debt. Any joint accounts or co-signed accounts [...] [...more]
The theory accepted by most economists is that the sharp increase of the household debt starting in 1982/83 is due to the aggressive deregulation of the mortgage markets in early 1980. This reduced the required equity that homeowners had to provide to secure a mortgage loan. A surge in borrowing followed: household debt increased from [...] [...more]
CCCS is a good program when you’re at the point where you’ve just gotten overwhelmed with credit card debt and you’re not yet drastically behind in your payments or in default on your cards. CCCS can negotiate reduced interest and payments. They will require you to stop using all credit and to cut up your [...] [...more]
It can't. America has always relied on innovation. And post world war 2 it relied on innovation and export related growth. That export related growth slowly ended because after world war 2 the U.S. set the japanese/U.S. exchange rate far too low. (360 yen / 1 dollar). And you can't have innovation when [...] [...more]
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I'd be happy enough if they just made it harder for credit card companies to screw their customers. No more 28% default rates, more reasonable fees for being over the credit limit, giving the customers the ability to apply the part of their payment above the minimum payment to whichever part of the bill [...] [...more]
Hate to break it to you, but the movers and shakers in this mess are republican appointees. Paulson and bernanke are the masters of secrecy. Democrats aren’t evil, they just don’t understand economics. The evil bastards belong to the right. Gramm, Leach and Bliley were all republicans, and if you can stick this mess at [...] [...more]
