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.

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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.

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Your credit report is a record of your past and current credit obligations including your debts and payment history. It includes records of bankruptcies, foreclosures, liens, judgments, delinquencies and charge-offs. In general, account information, including late payments and other adverse information, is kept o­n your credit reports for no longer than seven years.

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