News Archive

By now, everyone has heard of "the subprime mortgage meltdown." It began in the U.S. but its effects are worldwide. Banks lent hundreds of billions of dollars to homebuyers who can't pay them back. » Read More

Consumers have racked up more than $2.2 trillion in purchases and cash advances on major credit cards in just the last year. And it's become a habit for them to spend more than they have. » Read More

"Are you stressed out about mortgage payments?" asks the site rhetorically. "Is foreclosure right for you?" it queries, but doesn't wait for an answer... you are not alone. » Read More

Want to stimulate your own finances? Consider using your rebate to pay down debt or to refinance. You may have to shelve plans for a vacation or a big-screen television. Yet it might get you back on a savings track and lower your monthly debt outlay. » Read More

The city is forecasting a 39% decline in sales volume for all commercial transactions through 2009, and the median price of those transactions is expected to decline by 32%, according to its latest budget projections. » Read More

Credit card companies have long seduced customers with “buy now, pay later,” hoping they would pay at least a minimum amount month after month but never pay off their debts. » Read More

The credit crunch is starting to hit consumers where it hurts... in their wallets. As lenders tighten credit standards, many consumers have faced greater difficulty getting a mortgage or a home-equity loan or line of credit. » Read More

The government's efforts to stimulate the U.S. economy by doling out checks to workers could backfire, according to two surveys asking consumers what they will do with their checks.. » Read More

Bank of America abruptly notified cardholders in good standing their rates would skyrocket if they didn't opt out fast. Is BofA greedy or needy? » Read More

Auto loan delinquencies are running at their highest levels in years and experts expect the late payments to rise more. It's clear that the easy-money, easy-credit world of the past five years or so is taking its toll. The fallout is bound to put more stress on consumers, auto lenders, car companies and local economies. » Read More