Consumer Debt News

The UAE reports a growing concern about consumers shopping as a form of recreation. 

Wouldn’t it be nice if every government had the desire and resources to eliminate consumer debt like is proposed in Kuwait?

If you have a mortgage, carry credit cards and are considering a home equity loan to cope with soaring food and energy prices, you should be paying attention to what the Fed has to say.
Read the Full Story Here: What the Fed decision means for you

From buying insurance to getting a mortgage, your credit score is your financial DNA. Personal Finance Editor Gerri Willis is here with her dos and don’ts of establishing good credit.
Read the Full Story Here: How to control your credit rating

While Congress has talked for a year about a federal response to the foreclosure crisis, attorneys general have been busy helping troubled homeowners at the state level.
Read the Full Story Here: States take a whack at foreclosures

Rates on 30-year fixed mortgages have surged a tenth of a percentage point to a 9-month high on growing concerns about inflation, mortgage backer Freddie Mac said Thursday.
Read the Full Story Here: Mortgage rates at 9-month high

You can sign up today to receive free credit monitoring services from the credit bureau TransUnion due to a settlement the company reached on a class-action lawsuit.
Read the Full Story Here: Settlement results in free credit monitoring service

Soaring foreclosures are continuing to raise questions about the mortgage industry’s claims that they are making a dent in the housing crisis
Read the Full Story Here: US Foreclosure Filings Up 48% in May

Rates on 30-year fixed mortgages have surged nearly a quarter percentage point to an 8-month high on growing concerns about inflation, mortgage backer Freddie Mac said Thursday.
Read the Full Story Here: Mortgage rates at 8-month high

For families with children heading off to college, this has been the year from hell. First, a record number of applicants made 2008 the most competitive year ever for college admissions. Then the credit crunch hit the college market in a big way, igniting fears of a drought in financing for all students this fall.
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When Lehman Brothers reported a stunning $2.8 billion loss Monday, it was just the latest sign that bad mortgage loans continue to be a problem for the financial markets and the economy.
Read the Full Story Here: More financial land mines ahead

Americans’ personal debt jumped to a more-than-expected $2.6 trillion in April, according to a report from the Federal Reserve released Friday.
Read the Full Story Here: Consumer debt jumps $8.9 billion