Debt Management, mortgage and credit news - a blog for the average consumer.

Debt Settlement companies are scamming you

An ABC news investigative report exposes how debt management companies are taking advantage of consumers trying to deal with their debt: Click Here to Report on Misleading Debt Settlement Companies.

These debt settlement firms …

Best mortgage debt solutions being resisted

Lenders are forcing foreclosures rather than making principle reductions:

Congressman Barney Frank, Chair of the House Financial Services Committee has argued quite persuasively that the only way we are going to end the problem …

Short Sales get boost with new rules from administration

A “short sale” occurs when the homeowner sells their home at current market value and the lender agrees to accept that amount in full payment of a home mortgage that is typically much …