Reverse mortgages have become a very popular method for seniors to get cash out of their home during this recession. But what do senior citizens need to know about reverse mortgages before they commit?...
It's an unfortunate reality but many debtors are not only facing aggressive collection action by creditors they are also being scammed by phony debt collectors. One such scam includes a payday loan scheme that...
A study released by TransUnion has revealed that a new "payment hierarchy" has emerged with debtors becoming more current on their credit cards while allowing their mortgage become delinquent. "Conventional wisdom has always been...
Checkbook loans were created to disguise payday loans after tighter restrictions were put on payday loans. Everyday people get into situations where they need money now, but they don't have it. Cars break down, heaters...
Using your home as an ATM to pay off your credit card debt could be a huge mistake. When you take the equity out of your home to repay credit card debt, you are...
Older workers have suffered terribly during this recession. On average it takes an older worker much longer than their younger counterparts to find new employment and employment that pays at least a living wage....
Never Use Your Home's Equity To Pay Debts As more Americans fall behind on their debt payments because of a job loss or reduced income, many are turning to the equity in their homes...
