Debt-Settlement Companies: Too Good to be True?
During this difficult economy, many people have experienced financial problems and do not know where to turn. In California, unemployment remains high and the housing market has collapsed. Homeowners are unable to repay their mortgages, and other expenses can leave many people buried under debt with…
2010 Top Ten Creditor Scams
Even with our national economy showing some signs of recovery, many Americans live in financial fear. Last year, a record 2.9 million properties were flagged with foreclosure filings, and jobless rates hovered around nine percent. Struggling to make ends meet, some families suffered income loss and…
HAMP: How Successful Was It?
The Home Affordable Modification Program, or HAMP, was designed by the Obama Administration in 2009. Its goal was to assist struggling homeowners by encouraging lenders through incentives to lower mortgage interest payments or by extending the terms of their loans. Roughly 2.7 million homeowners app…
Rise of Radio Man: From Homeless to The Today Show
Ted Williams would panhandle on the streets of Ohio, advertising the services of his golden radio voice on a cardboard sign he displayed to passing motorists. Williams lost his home in 1993 due to financial problems associated with drug and alcohol abuse. Then his world changed when a local reporter…
Bankruptcy, a Weapon to Combat Home Foreclosure
If you face overwhelming debt and own a home, you are undoubtedly worried about home foreclosure. Perhaps you are one step away from missing a mortgage payment -- or you're already behind and the bank has come knocking on your door.…
Rebuilding Credit After Bankruptcy
According to the Wall Street Journal, in 2009 over 1.4 million people filed for consumer bankruptcy. Though experts believed the number of people filing for bankruptcy protection would rise in 2010, it has been much larger than expected.…
Who is Linda Green? A Case of Foreclosure Fraud
Many people look at the foreclosure crisis in one of two ways:…
Making Home Affordable Program Numbers Appear Lower Than Expected
Once touted by the Obama Administration as a program that would protect three million households from foreclosure, the Making Home Affordable Program now appears that it will permanently help about one-sixth of the original estimate.…
Deciding on Debt Relief: Bankruptcy and Its Alternatives
Whether due to injuries from an accident, a layoff at work or factors related to the current economy, many people across Southern California and especially the Inland Empire are facing mounting credit card debts or mortgage payments they can no longer afford. Already stressed over accruing stacks of…
Common Debt Problems For Individuals
Mounting credit card debt is common for many consumers in a troubled economy and this is one of the worst economic periods in decades. Job loss, medical expenses and other factors can force people to borrow above their means and lead them into a financial hole. For a rising number of people, bankrup…
