iOS app Android app

Consumer Debt

The In-Betweeners of a Broken System

Ashley Schmidtbauer | Posted 04.15.2014 | Politics
Ashley Schmidtbauer

You want to know how the working poor really live? My husband works an average of 50 hours per week just so we can barely make it paycheck to paycheck. We are the in-betweeners. Not making enough to live "comfortably" -- but not "poor" enough to get any assistance either.

A Fresh Reminder To Never, Ever Take Out A Payday Loan

The Huffington Post | Ben Hallman | Posted 03.27.2014 | Business

There's never been much question as to whether taking out a payday loan is a sound financial decision. The short-term loans come with extremely high i...

Consumer Debt Hasn't Jumped This Much Since Before The Recession

Reuters | Posted 02.18.2014 | Business

NEW YORK, Feb 18 (Reuters) - U.S. household debt rose in the latest quarter by the most since before the recession, a sign that Americans may be...

Household Debt Is Still Too Damn High

The Huffington Post | Mark Gongloff | Posted 08.15.2013 | Business

A consensus seems to be forming that U.S. consumers have cleaned up their balance sheets enough that they're ready to stuff themselves with debt all o...

Are Consumers Afraid of Debt Now?

Steve Rhode | Posted 07.03.2013 | Business
Steve Rhode

A recent publication out from the Federal Reserve appears to indicate consumers have learned to cut back on debt, at least for now. The reduction mig...

Good News and Bad News About U.S. Consumer Debt

Steve Rhode | Posted 05.25.2013 | Business
Steve Rhode

The Census Bureau has released a new report that chronicles household debt in the U.S. from 2000-2011. The good news is that fewer households are ca...

3 Reasons Why You Won't Get Out of Debt in 2013

Jeff Rose | Posted 03.04.2013 | Business
Jeff Rose

It's extremely difficult to change the behaviors that got you into debt. Here are three of the psychological reasons why getting out of debt is so difficult -- and what you can do to combat your wiring.

The One Personal Finance Book Banks Don't Want You To Read

The Huffington Post | Catherine New | Posted 11.15.2012 | Money

Occupy Wall Street alumni have hatched a new plan: Raise money and then bail people out of debt. The campaign, called Rolling Jubilee, kicks off Thurs...

Premature Occupy Wall Street Group Effort Wants Consumer Debt to Vanish with Rolling Jubilee

Steve Rhode | Posted 01.13.2013 | Money
Steve Rhode

Organizers are buying up consumer debt for pennies on the dollar and instead of collecting on it they are forgiving it. In my opinion the effort is misguided because this strategy can result in those with their debt forgiven, owing the IRS.

Bankruptcy Filings Down in 2012, Continued Bad News for Debt Relief Industry

Steve Rhode | Posted 11.07.2012 | Money
Steve Rhode

While it is doubtful that in the next decade or so we will see debt relief service demand at the levels experienced in 2009-2010, we should see a greater demand in the next three to five years. It will just take time to reload the consumer debt pipeline.

Have the 'Good Debt' vs. 'Bad Debt' Rules Changed?

Jason Alderman | Posted 01.06.2013 | Money
Jason Alderman

Before the recession of 2008 overturned many long-held financial beliefs, it wasn't uncommon for people to differentiate between "good debt" and "bad debt." Today, it's time to re-examine the concept that, in certain cases, acquiring debt may still make sense.

The Myth: American's Have Learned to Avoid Debt

Steve Rhode | Posted 05.24.2013 | Business
Steve Rhode

So much of what you hear about the recent economic trends of people learning grand lessons about avoiding debt are just not true.

How to Get Debt Help Without Getting Screwed

Steve Rhode | Posted 05.24.2013 | Business
Steve Rhode

This isn't a blender you are thinking of buying here -- this is a service that can have a profoundly negative impact to your life and financial health if you make the wrong choice or select the wrong provider.

Household Debt Hits New Low

The Huffington Post | Catherine New | Posted 10.15.2012 | Money

American households have gotten their financial footing back when it comes to debt and that could help the economy recover faster, economists say. ...

Study: U.S. Consumers to Add $43.5 Billion in Credit Card Debt During 2012

Odysseas Papadimitriou | Posted 12.01.2012 | Money
Odysseas Papadimitriou

We've become desensitized to the true value of large amounts of money. You might therefore be inclined to brush aside the fact that American consumers are projected to incur $43.5 billion in credit card debt during 2012 for the second consecutive year. That, however, would be a grave mistake.

Sad Findings Show Americans Stink at Managing Their Money

Steve Rhode | Posted 05.23.2013 | Business
Steve Rhode

It's apparent there is a tremendous hole in the financial safety net of the American population as a whole with these survey results. For me it's both sad and scary.

Want Economic Growth? Forgive and Restructure Debt for American Working Families

Steve Clemons | Posted 09.21.2012 | Politics
Steve Clemons

Finding a way to restructure and write down debt held by financiers and banks is the fastest and most effective way to bolster healthy economic growth.

Delinquencies Fall

Reuters | Posted 09.02.2012 | Money

* ABA says Q1 delinquencies fell in 10 of 11 categories * Home equity lines of credit saw uptick in delinquencies * ABA ...

ING Retirement Coach on Your Financial Independence

Jacob Gold | Posted 08.28.2012 | Money
Jacob Gold

As I work with my clients, I often consider what financial independence means for them, especially in terms of making their dream of retirement a reality. This month, I thought I would share my thoughts on the key elements of financial freedom.

How to Get Out of Debt in Three Big Steps, get out of debt, how to get out of debt

Steve Rhode | Posted 05.24.2013 | Business
Steve Rhode

The secret to overcoming debt for a lifetime is to take what you can learn from your current situation and apply it moving forward. There's no sense wasting a perfectly good mistake.

Bad News For Recent Grads

The Huffington Post | Tyler Kingkade | Posted 06.26.2012 | College

Recent college graduates are deeper in debt than people thought. It's been widely circulated that the average student graduates with $23,300 to $25...

Student Loan Debt Stands Alone

Reuters | Posted 08.01.2012 | Money

By Leah Schnurr NEW YORK, May 31 (Reuters) - U.S. consumer debt fell in the first three months of the year as American...

Inequality's Rising, But It's Not The Kind You Think

The Huffington Post | Alexander Eichler | Posted 05.02.2012 | Business

There's a gap between America's richest citizens and everybody else. And that gap has been growing larger for years. No, it's not income inequality...

Debt Collectors Want To Be Your Friend On Facebook

The Huffington Post | Alexander Eichler | Posted 04.24.2012 | Business

Your Facebook profile can and will be used against you. A recent segment on KDVR, the Fox affiliate for Denver, reminds us that collection agencie...

Debt Collectors Increasingly Using Abusive Threats, Insults, Lies: Report

The Huffington Post | Alexander Eichler | Posted 04.13.2012 | Business

It's a debt collector's job to be nasty. And lately, they've performing that task quite well. Debt collectors have been adopting increasingly unpl...