This recession has left 15 million people jobless and about one in four homeowners underwater on their mortgages, not to mention the millions who have already succumb to foreclosure.  But what is so cruel about this recession is that it has transformed once successful and fully employed people into deeply troubled debtors who find themselves [...]

Credit repair agencies have not been swayed by the rules implemented to protect debtors.  Because of the ongoing recession, many credit repair agencies are ramping up their marketing efforts and many falsehoods are being pushed onto unsuspecting debtors.  Here’s what you need to know and the lies you shouldn’t believe:

Credit repair companies can wipe bad [...]

Debtors over 65 years old are the fasting growing group of bankruptcy debtors in America.  Their growing numbers are shocking for some economists; but the reality is that it is just a matter of fact that the current debt load of our society is weighing down heavily on many of our most vulnerable populations, especially [...]

We’ve heard about the “robo-signing” debacle; but now a new species of homeowner is being devoured by the mortgage industry’s quick-and-dirty foreclosure machine.  Homeowners who are current on their mortgage payments and even those who don’t have a mortgage are finding themselves swept up in the foreclosure vortex which has destroyed the finances of so [...]

Do All Signs Point to Bankruptcy? Several common warning signs to recognize whether bankruptcy may be your only option.