The Star-Telegram has an interesting article about the energy efficient tax credits offered by the government, but some caution is advised. There's already an energy star tax incentive offered by the federal government which you can find out about at www.energystar.gov ; but now the U.S. Energy Department will distribute $300 million through state programs [...]
President Obama just sent his legislative package to Congress to create the new Consumer Financial Protection Agency. The new agency's purpose will be to protect consumers from deceptive or confusing practices by financial institutions. Chances are, however, that many consumers who are currently struggling with financial stress are not likely to see the immediate effects [...]
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 pool of veteran workers by the end of September is part of a drive to cut costs by $6 billion this [...]
This economy is tough and many seniors are facing financial issues they certainly never expected to face in the golden years. Foreclosures are rising for many seniors who refinanced or upgraded their homes during the boom and many are finding it difficult to keep their heads above water financially. But should seniors sell their life [...]
As the school year begins, credit card companies are in a mad dash to rack up as many new and young customers as possible before the Credit Card Accountability Responsibility and Disclosure Act of 2009 becomes effective February 22, 2010, restricting access to youth under 21 years old. According to an article in DetNews, credit [...]
Foreclosures are up as the unemployment rate rises above 6% in Texas. Not surprisingly, with these foreclosures comes a 4.7% decline in market value. "The decline in demand and prices correlates more to the job losses now showing up in markets in Texas than because of excess inventory," said Ted Wilson of Dallas housing analyst [...]
According to an article in the Dallas Morning News, more than 30 percent of Dallas-Fort Worth homeowners now owe more than their property is worth and may eventually face foreclosure. The article said: "Negative equity continues to be the dominant driver of the mortgage market because it leads to foreclosures in the event a borrower [...]
Given today's economy, many debt settlement companies are waiting to take advantage of you. An article in the USA Today warns that people should make sure they are not being taken advantage of by debt settlement companies. Many people are struggling financially right now, and there are companies and individuals trying to profit from others [...]
According to an article in the Star-Telegram , auto parts supplier Visteon Corp. is asking a bankruptcy judge for permission to terminate the company's retiree health care and life insurance benefits. It approved by the bankruptcy court, approximately 8,000 current and former Visteon workers could find themselves without healthcare and life insurance. The article said: [...]
The Dallas Morning News ran an article stating that Southwest Airlines Co. will bid $113.6 million to buy Frontier Airlines Holdings Inc., a rival airline known for its low costs and low fares that is now operating in bankruptcy. According to Southwest officials, they're taking advantage of a good opportunity to grow by actively courting [...]