If you are like most people, a money problem can be so personal and so devastating that you feel like you must keep it hidden from your family and friends. Fear of being branded a failure and becoming a social outcast throws a dark shadow over your life. Even places which should offer a helping hand, like your church, may instead offer condemnation and guilt. It’s almost easier to confess to an…
Debt Relief News:
Auto Lending Up
Auto loans have increased by 5.7% above a year ago and reached the highest level since the first quarter of 2009. Subprime loans increased 1% from year to year and overdue car loans dropped to prerecession levels. This is one area where banks are looking to expand lending.
While many forms of debt should be avoided, auto loans…
The Emancipation Network is a non-profit organization designed to help people get free from financial bondage and build a successful life on the foundations of faith, family, and financial freedom.
Our roots go back to the Savings and Loan Crisis of the late 1980’s, when we brought together a group of crisis veterans and began to reach out individually to those in financial distress. Sinc…
Debt Relief News:
Bankruptcies Continue at High Levels
Bankruptcy filings for the first half of 2012, while dropping 14% from 2011, remain at over twice the prerecession levels of 2006. Personal Bankruptcies total 600,895 for the first half of 2012, over 4,800 per business day.
Many people do not know that Bankruptcy has its roots in the Bible and the U.S.
Consumer Credit Nears Record Levels
The Federal Reserve released its consumer credit report for June showing consumer credit increasing to $2.58 trillion. This is nearing the record highs seen in 2008 just before the crash. The report shows a cut back on credit cards and an increase in student loans.
The cut back in credit card debt was seen by economists as a sign of the troubled economy,…