Dealing with the Post Mortgage Moratorium Shock
In response to the coronavirus threat, many local and state governments enacted restrictions which prevented some businesses/industries from operating entirely, while other businesses could still operate at a reduced workload. Realizing that many homeowners would have little or no income with which to make their mortgage payments, many mortgage lenders offered their borrowers a moratorium […]
Finance & Credit Trends to Avoid in 2018
At the beginning of the most recent century, both lenders and borrowers had developed many bad habits from a toxic combination of unrealistic optimism and immediate gratification. These bad habits led to a dramatic increase in bankruptcy for both individuals and corporations alike. In the years that followed, consumer lending became less available, and with […]
Managing Credit Card Debt After the Holidays: How to Prevent a Bad Situation from Getting Worse
As the holidays approach, household credit card use will increase dramatically as consumers rely on credit for retail purchases, goods, and travel. The good tidings of December do not necessarily have to evolve into the bad tidings of January and February as the bills begin to roll in. But assuming for purposes of this article […]
Getting the Most of Your Income Tax Refund for Budget-strapped Consumers
As tax time approaches, and you are one of the fortunate ones to receive a significant refund, take the time to consider what you are going to do with it. This is especially important if you are behind on your bills, or may have gotten carried away with your holiday spending. If you have multiple […]