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IMPORTANT: Bing News RSS feed has moved!Stratospheric home prices and generous home-equity loans no longer exist to mask the shortfall in ... Good news can cascade in the same way that bad news piles up. In the past week, for example, Magna International Inc. announced it is opening ... Read moreRenewed path to prosperity likely to hinge on educationThat sounds bad, until you consider that the U.S. economy was contracting ... People don't have money, and they haven't the ability to borrow money. Home equity loans and credit cards accounted for much of the prosperity in this decade, but one out of ... Read moreTHE STIMULUS WORKED. LET'S HAVE MORE.Stratospheric home prices and generous home-equity loans no longer exist to mask the shortfall in ... Good news can cascade in the same way that bad news piles up. In the past week, for example, Magna International Inc. announced it is opening ... Read moreMiddle-class lifestyle can be achieved with better educationThe lingering effects of a credit boom and bust ... as high rates of default on home loans persist. A bust for family wealth. Before the recession, consumers were busy extracting cash from their houses (through home-equity loans and refinancing ... Read moreWhy debt continues to drag down American and global economiesthen rack up more credit card debt, leaving them in worse shape than they started. Freeman says taking out a home equity loan should be a last resort. "Don't get one if you already have bad credit, if you can't afford to make your current mortgage payment ... Read more4 wrong ways to escape credit card debtmy house has about 100% equity which means that’s worth double what my original loan was) (3) Pay down my car loan (In Costa Rica the cars depreciate not as bad as in the usa but pretty rapidly) If I were you, I’d follow a very simple plan. Read moreSaving money vs. paying debts: How to decideThe foreclosure problem locally isn’t as bad as other areas of the country ... budget-straining mortgages, often coupled with home equity loans; homes worth less than when the loans were taken; the difficulty in selling homes. Read moreForeclosure crisis hits families, neighborhoods, townsNow, for many years, credit cards and home equity loans papered over this harsh reality ... we haven't seen since the Great Depression -- hurts us all." It's not only bad for our economic growth potential, it pierces our self-image as a society where ... Read moreObama Evokes TR in Populist AddressHome equity loans were down 6.1% year-over-year, and this potential source of bad loans total $608.3 billion ... may have shown modest signs of stability, but “The Great Credit Crunch” since March 2007 continues today. Read moreFor additional information, please see:
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