Credit and Loan Blog August Archive

Bankruptcy surge by 29%

By Website Introductions at 08/28/08 23:20

As the economy gets worse, more people are filing for bankruptcy. It has actually surged by 29% last year.

Things are getting worse by the minute. One cannot help but ask, "Is this the bottom already? Or is the worst yet to come?"

We cannot answer that now. Let us just wait and see how the market will develop.

News: Bankruptcy filings surge 29% - Aug. 27, 2008

Talk on Debt Relief Companies

As more and more people in the United States fall into a state of debt, lenders are starting to go bankrupt because of the unrecovered assets. One sector of the market, however, is benefiting from this trend. They are the for-profit debt settlement companies.

True enough, these companies have grown in size over the years. They have grown so much that the Federal Trade Commission has already noticed it. It is even hosting a seminar that will tackle these for-profit debt relief companies.

Link: FTC To Host Debt Settlement Workshop