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 been seen before. The mounting number of job losses is seen as a major reason why delinquent payments hit an all [...]
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 article stated: "Denton County's unemployment rate reached 7.6 percent in June, up a full point from 6.6 percent in May. The [...]
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. Sounds like a sweet deal; but what are the true costs? Costs of Involuntary Unemployment Credit Card Insurance Credit card consumers [...]
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 beginning of the recession. Delinquencies are not limited to a particular type of loan. The highest rate of delinquencies is in [...]
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 many companies from enjoying higher productivity. The article said: "... U.S. worker productivity rose in the second quarter at the fastest [...]
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 [...]
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 fire. President Obama is working to show that there are concrete benefits to his recovery plan, saying that his administration expects [...]
According to an article in the Dallas Morning News, the Dallas-Fort Worth unemployment rate has increase to 8.3 percent from 8.2 percent in June and from 5.3 percent a year ago. And many of Dallas-Fort Worth's unemployed are not being counted because many have given up searching for work or have taken temporary or part-time [...]
According to an article in the Dallas Morning News , only about 7 percent of small businesses added to their workforces in the second quarter of this year, while 24 percent implemented job losses. The article said: "Small-business owners who have cut jobs over the past year are in no hurry to start hiring again [...]
Many debtors considering bankruptcy are terrified of the possible consequences of their bankruptcy case. Many debtors fear that all of their friends and neighbors will find out about their bankruptcy or that they will lose their job because of their bankruptcy. Well, the good news is that the bankruptcy laws forbid an employer from discriminating [...]