The number of first time applications for unemployment benefits rose last week to the highest level in almost six months. First-time claims for jobless benefits edged up by 2,000 to a seasonally adjusted 484,000, the Labor Department said Thursday. Analysts had expected a drop. That's the highest total since February. Initial claims have now risen [...]
One million Americans have exhausted all of their federal and state unemployment benefits and many of them, now known as 99ers, are facing foreclosure. HAMP, the foreclosure prevention program that was suppose to take a huge bite out of the foreclosure crisis, has failed miserably and left many unemployed homeowners marooned facing imminent foreclosure with [...]
Because the House and Senate have failed to win enough support for the unemployment extension, two million Americans could be cut off from unemployment benefits by July 10th. The passing of the unemployment extension bill failed by two votes with the dissenting voices saying they oppose the measure because there is no funding for it. [...]
The unemployment rate rose to 9.9 percent in April, up from 9.7 in March and many experts expect the unemployment rate to remain high until 2015. Currently there are 15.3 million unemployed Americans as of April and that's not counting workers who have given up on finding a job. The unemployment rate is calculated by [...]
The Dallas City Council has approved a $1 million loan program that is designed to assist small businesses in southern and western Dallas get capital for growth. The program, which will provide $1 million from the city's public/private partnership fund to the Southern Dallas Development Corporation was approved unanimously with only one dissenting voice. But [...]
The official national unemployment rate for the country is 9.7 percent. Millions of Americans are out of work and trying to figure out how to survive without a job. One of the biggest casualties of joblessness is not just the frustration and anger that accompanies fruitless job searches, but also the seemingly imminent financial disaster [...]
With the unemployment rate still above 9 percent, many debtors have found themselves unemployed for one or two years. Unfortunately for the unemployed debtor, daily expenses remain and can eventually exhaust the debtor's savings, retirement accounts and even cause them to max out their credit cards. Facing long-term unemployment, depleted savings and mounting credit card [...]
It can happen to the best of us-we lose a job, fall on hard times and our bills go unpaid. But many of us opt to simply ignore our debts instead of coming up with a plan to either repay them or make them go away legally. Many of us mistakenly believe that debts will [...]
Sallie Mae announced that a new law cutting out private lenders in the federal student business and stricter underwriting rules for private student loans will cost the company 2500 jobs. The law strips the middleman role in student lending away from banks. It's expected to save at least $60 billion in fees that went to [...]
When a debtor files for Chapter 13 bankruptcy, one of their biggest fears is that they won't be able to maintain the repayment plan due to a job loss or significant reduction in income. Because the Chapter 13 bankruptcy repayment period lasts from 3 to 5 years, the fear of a job loss during that [...]