More Americans are in Debt
More Americans are in Debt In a study conducted by a website recently, it was found that an average American household owes around $9,000 in credit card debt. It was also found that around 44% of those who has credit cards have debts which they cannot afford to pay. With the data that we are seeing, it is no wonder that the debts are fast becoming a social issue. In 1998, a lag in the economy affecting hundreds of countries was reportedly caused by unpaid debts. Thousands of people lost job
Riverside residents recommend social lending Web sites
Press Enterprise I wouldn t be surprised that if you see the traditional loan sources start to dry up in this economy, more people will go to these person-to-person sites, said James Van Dyke, founder and president of Javelin Strategy & Research in Pleasanton, which does consulting for the financial services and payments industries. Van Dyke said advances in Web technology, ensuring secure transactions and allowing credit histories of borrowers and lenders to be verified, are shifting the f
Debt Consolidation: Easing the Burden
There s no doubt that while having a certain amount of debt is normal and a way of life for most of us who live in North America, some of us have gone over the line where we can pay back what we owe in monthly payments. Before any further discussion of this unfortunate situation can take place, it s necessary to note the facing a debt burden is something that can happen to anyone. It s not just the people who don t know how to manage their money that can get into trouble, but those unfortunate