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A report from Bloomberg said that defaults of credit cards in the United States rose by 11.49% in August. The number is up from the 10.52% it increased from the month of July. The percentage reflects complete write offs and not delinquencies that are still …

Foreclosures may be on the decline (finally) in our country, but there are a lot of families out there who may be behind on payments and considering foreclosure as their last option. Like bankruptcy, foreclosure will stay with you and haunt your credit score for …

As the recession deepens, car dealerships are feeling the pinch. As with the automakers, dealerships are going under and the government won’t be bailing them out any time soon. This has caused a very shady trend…
Here’s what’s been happening:
When a car buyer still owes money …

The housing market in the United States has seen better days and some of the worst were seen last year. Foreclosures increased 81% last year, up from the 2007 figures.
From the AP:
Nationwide, more than 860,000 properties were actually repossessed by lenders, more than double the …

Federal regulators adopted new rules dealing with credit cards to help consumers. While the rules won’t go into effect until July 2010, they are actually really helpful and will require the credit card companies to be a little less sneaky and for consumers to be …