Tips to survive the economic storm

As the debate goes on as to whether or not we are in a recession, most consumers agree that they are feeling the impact of our current economic conditions. As the number of available jobs diminishes and the number of foreclosures skyrockets, families are looking for ways to reduce spending and increase income just to make ends meet.

Read the rest of this topic (864 words)...

Alliance Members Agree to Freeze Rates for Some Borrowers with Adjustable Rate Mortgages

Washington, D.C. – December 6, 2007 – Today, The HOPE NOW Alliance announced its support for a proposal unveiled today by Treasury Secretary Henry Paulson and HUD Secretary Alphonso Jackson that would freeze the rate on a certain category of subprime borrowers with hybrid adjustable rate mortgages scheduled to adjust in the next several years.

Read the rest of this topic (466 words)...

Consumer Credit Counseling Service of Greater Atlanta Tips: Proper Planning Can Reduce Post-Holiday Spending Blues

ATLANTA GA, November 7, 2007 — The average consumer plans to spend $923.36 this holiday season, according to the National Retail Federation (NRF). Challenging economic conditions and a bleak housing market will cause many consumers to be more conservative with their holiday spending, but many others will find themselves struggling to pay holiday debt well into spring and beyond.

Read the rest of this topic (928 words)...