If you are starting your new year with more debt than you anticipated, it might be a good time to consider avoiding credit card use for a while. Unfortunately, it’s the convenience of these products that make them so ripe for overspending, and some cardholders will be best served by switching to cash, debit cards,... Read More
A Pennsylvania woman was found dead in her cell June 7, halfway through a two-day sentence in Berks County Prison for unpaid debt. Eileen DiNino, 55, owed $2,000 in fines and court costs related to dozens of truancy violations her children racked up since 1999, the Associated Press reports. DiNino was a mother of seven,... Read More
Lately there have been some powerful articles profiling college grads and others who are struggling to make their student loan payments. While all of the reporting does a great job of personalizing the debilitating financial distress a generation of young adults is currently experiencing, there are so many numbers being bandied about that it’s hard... Read More
The average homeowner in foreclosure hasn’t made a mortgage payment in 507 days, according to a report published by Lender Processing Services, Inc. That’s a 25% increase from an average of 406 days at the end of 2009. Such long processing times are leading to a huge inventory of houses in some form of delinquency... Read More
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