Consumer debt statistics reported in a July 2008 "New York Times" article are staggering. Federal Reserve Board data indicates that there's been a 22 percent increase in consumer debt since 2000, with Americans holding $2.56 trillion in consumer...
When an individual fails to make the mortgage payments on a house or other real estate property, the bank may initiate foreclosure proceedings. A mortgage is a legally binding contract between the bank and the property owner that stipulates the...
Debt is a common part of society in the United States and in many other parts of the world. Debt occurs when you borrow money, such as through a loan, credit card or mortgage, under contract to pay the debt back or incur certain consequences (such...
Until you open a credit account that is reported to one of the three major credit bureaus (Experian, TransUnion or Equifax), you will not have a credit report or score. To build credit, you need to open one of these accounts. These accounts can...
Gambling is an enjoyable form of entertainment for many people. But for some, the activity becomes compulsive and leads to social and financial ruin. According to the National Council on Problem Gambling, around six million Americans experience...
The ability to reduce debt is an important factor in your financial well-being. New Hampshire residents have a multitude of ways to reduce their debt. Several options exist for New Hampshire residents, such as credit counseling, debt consolidation...
If your real property was foreclosed by a bank or mortgage holder because your payments went into default, this has a significant impact on your credit report. Foreclosure is a legal process by which the lender repossesses your secured...
Most people are familiar with unsecured loans in the form of credit cards, which are not guaranteed by any type of collateral. There is another common type of loan known as a secured loan. Many consumers have this type of account without even...
Many people do not realize there are different types of credit. They believe mortgages, home equity credit lines, personal loans, car loans and credit cards are all basically the same. There is actually an important difference. Some of these...
Signing someone else's name to a loan document is, in most circumstances and states, a crime. The United States has laws protecting businesses from financial fraud and individuals from fraud and identity theft. If the husband has power of attorney...
