Consumers are Becoming Delinquent on Loans at a Faster Rate than Ever Before
Credit delinquency rates are at all-time highs according to the American Bankers Association. According to an article on Reuters, U.S. consumers are falling behind on loan payments at a faster rate than has ever...
Unemployment Rate on the Rise… Again
The metroplex continues to feel the pain of unemployment as updated stats were announced today in the Denton Record-Chronicle. The City of Denton and Denton both experienced significant increases in their unemployment rates. The...
Involuntary Unemployment Credit Card Insurance–Is It Really Worth It?
As more credit card consumers face job losses, many credit card companies are encouraging credit cardholders to buy involuntary unemployment credit card (IUCC) insurance which will make your credit card payments while you're unemployed. ...
Layoffs Driving Higher Rates of Delinquencies
According to an article in the U.S. News and World Report, the American Bankers Association announced record high delinquencies in consumer loans. They attribute the increase to the almost 6-million jobs lost since the...
National Unemployment Rate Rises to 9.5 Percent
According to an article in the Dallas Morning News, the national unemployment rate rose to 9.5 percent as employees suffered 298,000 job losses in August. But increased job losses and high unemployment hasn't stopped...
U.S. Postal Service to Implement 30,000 Job Losses?
An article in Reuters announced that the U.S. Postal Service is hoping to slash 30,000 jobs by offering buyouts to union employees.The article said: "The incentive for voluntary resignations and early retirements among a...
Rising Unemployment Casts Doubts on President Obama’s Economic Recovery Plan
Critics of President Obama are taking advantage of the rising unemployment rate to question the effectiveness of his recovery plan and economic leadership, and the huge budget deficit is only adding fuel to their...