Vision Credit Education, Inc.

If you are like most other Americans, you may have found that minimum payments on credit cards are starting to increase. To make matters more difficult, your creditors may raise your payments substantially if you have shown any signs of financial difficulty. There are ways to lower your monthly payments. Read the rest of this entry »

Citigroup has announced a reduction in its workforce of 53,000 jobs, bringing its total employment base down to about 300,000. The move is designed to cut labor costs dramatically to stem losses due to both mortgage backed assets and credit card defaults. Read the rest of this entry »

I have heard so many negative comments from mortgage brokers about how lenders view debt management programs (DMPs). In fact, after a hearing a recent comment from a mortgage broker that I just met, I decided to delve into the issue and find out the source of the comments, reasons for the comments and just what the truth actually is. The result: let’s just say mortgage brokers are not your friend! Read the rest of this entry »

Credit card issuers are again planning interest rate increases for many of their cardholders. This is a reversal from the abandonment of the “any time for any reason” policy for rate increases that was previously in effect at many card issuers. Read the rest of this entry »