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The No Relief Election

American voters went to the polls on November 6 and voted to keep the same President, the same House and the same Senate. Those hoping for a viagra from england clear direction and relief from Washington gridlock were very disappointed. It looks like we will have another four years like the last four years.
The first thing you can expect is a continuation of big government deficits and an…

Protecting Your Home

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Emancipation Network
 
Protecting Your Home

While home values are underwater in many places, the homestead still represents the major asset for most people. The American dream of turning your home down payment into a substantial family asset by paying down the mortgage over the years remains a viable pathway to wealth accumulation.

The States have enacted consumer…

Short Sales Made Easier

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Short Sales Made Easier

Federal regulations have eased requirements for Short Sales. The new rules help people who have not missed payments and set a ceiling of $6000 on payments to second mortgage holders.

Short Sales are sales of homes for less than the mortgage debt, allowing the homeowner to escape from an underwater mortgage. Short Sales…

Putting Time on Your Side

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Emancipation Network

Putting Time on Your Side

One of the key elements of a Debt Relief plan involves making time work for you instead of against you.

Most people are trained to think time is on the lender’s side. After all, interest continues to be added on, and debt collectors try to create a sense of urgency as if there were will be no second chance if you…

Update on Student Loan Slavery

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Emancipation Network
 
Update on Student Loan Slavery

According to recent reports the number of U.S. households with student debt now stands at 19%, doubling since 1989 and jumping from 15% to 19% since 2007. This huge increase has been caused by out of control tuition costs and a terrible national economy. For those in the poorest 20%, whose college costs have obviously…

Reaching Your Savings Goals

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Emancipation Network

Reaching Your Savings Goals

Last week we reported that a major financial company has recommend a savings goal of 8 times annual salary by the age of 67. Now people want to know how an average family making $60,000 per year can possibly save 8 times that, or $480,000.

The key is to break down the savings goal into realistic components and tackle them…

Savings Still Key to Financial Freedom

Debt Relief News
Emancipation Network

Savings Still Key to Financial Freedom

With all of the financial bad news lately it is good to be reminded of the importance of saving for the future. A major financial company has just done that by announcing its savings targets for individuals.

They advise that an individual should target savings to be 8 time annual salary by age 67 in order to…

Distress Sales Continue to Impact Housing Debt Relief

Debt Relief News
Emancipation Network
Distress Sales Continue to Impact Housing Debt Relief
Foreclosures and Pre Foreclosures sold by lenders in the second quarter remain at over 20% of house sales increasing to 23% from the 22% first quarter amount. In addition, short sales of properties not in foreclosure status increased 18% over the prior year as lenders pushed for short sales instead of…

Family Preparedness Planning

Debt Relief News
Emancipation Network

Family Preparedness Planning

Recent news reports about cyber attacks on our banks have highlighted the importance of Family Preparedness Planning,

We are not talking about Armageddon here, but what would happen to your family if the banks and credit card companies were out of action for a week or two? No matter what your financial circumstances, you…

Consumer Credit Nears Record Levels

Debt Relief News:
Emancipation Network
 
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 card debt was seen by…