UPDATE: Eviction is avoided
When June came around this year, Jersey City resident Diane Anderson was having some trouble paying off her bills.
So when one of her friends mentioned Save My Future, a company that collected her bills, a membership fee and 65 percent of what she owed before paying off the remaining 35 percent of the debt, it sounded like a way out.
Anderson, 59, went to Save My Futures Atlantic Street office and met with a man named Germaine Theodore, she told The Jersey Journal during a phone interview earlier today.
After he convinced her that he and the company were just helping people out, Anderson forked over $1,200 in cash, along with her bills,...
Huffington Post Reader Question
I have 8 private tuition answer loans from Sallie Mae in the total amount of $138,000 taken out between 2004-2008. After school I was able to make some payments and paid the $150 forbearance fee. Then after the crash of the economy I have not found employment that would give me enough income to cover my living expense, child care and these loans payments of $900.00 a month.
Im currently unemployed and stay at home mom. They are currently in default and have been passed through by three different debt collectors. On my credit report it is marked as a charge off. I was offered a settlement of $40,000, and another offer to repay...
Soaring debt is ticking time bomb for UK economyFriday 22nd August 2014
The rising level of family debt is proving to become a ticking time bomb for the UK economy.
Latest research by Verum Financial Research has found that total household debt is up 314 per cent in 2013 from pound;347 billion in 1990 to pound;1437 billion.
It is shown that the debt levels have risen the highest among 35 to 44 years olds, with those in the age bracket with children finding it particularly difficult to maintain living standards due to an unhealthy combination of high debts and falling real incomes.
Since 1990, the total amount of credit owed by UK households...
The editors at Kelley Blue Book recently released a list of ten tech-savvy cars and the good news for credit challenged shoppers is they are all relatively affordable
Looking for Cars with the Most Tech
At Auto Credit Express we realize that most buyers with bad credit will ultimately finance a certified pre-owned or regular used car. But weve also noticed an industry trend that shows more borrowers with credit issues are financing affordable sub-compact and compact new cars for a variety of reasons, from MPG to MSRP.
But buyers are targeting something else with their buying habits, and thats cars with the latest in technology. However being on the cutting edge isnt cheap,...
SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders With Losses on Their Investment in Ocwen Financial Corporation of Class Action Lawsuit and Upcoming Deadline — OCN
August 30, 2014: 06:00 AM ET
NEW YORK, Aug. 30, 2014 (GLOBE NEWSWIRE) — Pomerantz LLP has filed a class action lawsuit against Ocwen Financial Corporation (“Ocwen” or the “Company”) (NYSE:OCN) and certain of its officers. The class action, filed in United States District Court, Southern District of Florida, West Palm Division, and docketed under 14-cv-81064, is on behalf of a class consisting of all persons or entities who purchased Ocwen securities between May 2, 2013...
Director-General, Debt Management Office (DMO), on Sunday said the organisation would continue to support state governments to build the skills of debt management officers. Nwankwo made the disclosure in Abuja. He said the DMO would be helping the states to build up their debt data on quarterly basis to ensure efficiency in debt management.
We have a strategic programme that lasts up to 2017 and the strategic programme is for every year, the things we have to do every quarter is already specified.
So everything we are supposed to do is in our strategic plan and we have met all of them. Among the other routine things that we have to be doing include that we continue with the programme...
Reserve Bank of India (RBI) Governor Raghuram Rajan has cautioned against the debt waivers proposed by some state governments such as those of Andhra Pradesh and Telangana. He pointed to the adverse impact of such schemes on the financial health of banks, whose capital needs had risen due to enhanced prudential requirements and deterioration in asset quality.
In his address at a conference of state secretaries, Rajan stressed the need to strengthen state-level coordination committees (SLCCs) by ensuring participation, conducting meetings more frequently and sharing quality information among all stakeholders, including state government agencies. SLCCs should focus on financial inclusion...
Having a lot of debt, whether its balances on your credit cards or payments due on personal loans, makes it tough to track what you owe and pay it off in a timely fashion. Not to mention how dangerous debt is to your credit score. If you owe more than 30% of your available credit limit – or too many debts lead to you miss or be late making payments – your FICO score could suffer.
For people who can handle the situation well, consolidating a variety of debts into one debt consolidation loan and monthly payment may ease the stress and provide a little relief to the wallet. Debt consolidation loans allow people to roll their debt balances into one loan, presumably with a lower...
On Thursday August 21st 2014, Senior Vice President of Auto Credit Express, Dave LaLonde was nominated by one of his team members to take on the ALS Ice Bucket Challenge. Accepting the task, Dave LaLonde also nominated all the managers at ACE along with their teams.
The viral internet campaign was to raise awareness or funds for the ALS Association. ALS, Amyotrophic Lateral Sclerosis is a disease that affects nerve cells from the brain and the spinal cord. The disease eventually leads to death and those who are diagnosed may become entirely paralyzed towards the final stages. The challenge is to dump a bucket of ice water over your head within 24 hours of being nominated. If you do not complete...
Women still have a hard time getting small business loans. Sen. Maria Cantwell says she has a plan to close the gap.
Cantwell, chairwoman of the Senate Committee on Small Business Entrepreneurship, introduced legislation in July that would make it easier for women-owned companies to get loans and government contracts. The Washington state Democrat says lending to small businesses as key to job creation because loans give companies the means to expand.
Although women own nearly a third of businesses in the US, their companies receive only 4.4 percent of loan dollars, according to a report by the committee. A similar report is upcoming about minority businesses.