According to an article in the Dallas Morning News, the Commerce Department reported that new home sales have dropped in September by 3.6 percent.  Some analysts expect that the drop off in sales is a result of potential homebuyers delaying their decision to buy a home due to the expiring tax credit which will end [...]

Every since the new legislation passed restricting credit card companies’ ability to raise interest rates, among other things, credit card companies have been using every dirty trick in the book to “get back” at borrowers and squeeze every cent out of them. According to an article in the Star-Telegram, some credit card borrowers are reporting [...]

According to an article in the Star-Telegram, moderate House Democrats are drafting a proposal that would shield big banks from potentially tougher state regulations of credit cards, mortgages and savings accounts.
The article said:
“…their proposal, spearheaded by Illinois Democratic Rep. Melissa Bean, isn’t sitting well with consumer advocates who say banks shouldn’t be allowed to skirt [...]

According to an article in Reuters, credit markets are finally loosening for corporations who have filed Chapter 11 bankruptcy.  Many investors are taking a close look at investing in bankruptcy loans given to companies who have filed Chapter 11 bankruptcy as debtors in possession.
The article said:
“Several fund managers are going to investors for money [...]

According to an article in the Star-Telegram the rising number of foreclosures and unemployed residents are creating a budget crisis for homeowners associations, especially in Dallas-Fort Worth area. With many properties vacant and other homeowners failing to pay their dues, the associations are struggling to provide basic maintenance.
The article said:
“To increase collections and balance [...]

According to an article in the Star-Telegram, despite the growing foreclosure crisis, the nation’s largest banks such as Goldman Sachs and JPMorgan Chase have not changed their reckless behavior.  Many of the banks who have received tens of billions of dollars in federal bailout money are still up to their old tricks and risky [...]

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?
Credit card consumers who buy involuntary unemployment credit card (IUCC) insurance [...]

Many people find their credit card canceled even though they had a zero balance and the credit card was not included in their bankruptcy schedule.
Imagine six months after your bankruptcy has been discharged.  You’ve turned your financial situation around and there is no more worrying how you are going to pay your bills.  Everything is [...]

According to an article on Reuters, the recent recovery in the credit markets might be in trouble.  The Federal Reserve is getting some of the credit for the rebound by helping the credit markets recover.  One program that the Fed used to get credit flowing again is the Term Asset-Backed Securities Loan Facility, or TALF.  [...]

Credit card companies are frantically taking drastic actions in their attempt to “work around” the new credit card legislation that will restrict their ability to randomly raise interest rates and hit credit card consumers with surprise fees.  Already credit card consumers are beginning to scream foul. An article in the NJ featured a distraught credit [...]

Credit card companies may be forced to cut rewards to once again become profitable.
An article on Reuters.com said that credit card companies are cutting back on rewards.  The changes are a result of falling revenue.  One reason for falling revenue is recently passed and currently pending legislation that will put regulations on credit card companies.  [...]

There may come a time when you need to negotiate a payment solution with a credit card company. You might find yourself with an increased minimum payment, an increased interest rate, or perhaps your income has changed and you can no longer afford the minimum payment. Remember that no matter how much the bill collector [...]