Foreclosure levels in Calhoun County continue to improve
The Anniston Star reported on April 2 that there were fewer foreclosures in Calhoun County in 2014 than the past several years.According to reports, an estimated 70 homes were foreclosed on in the county from the second until the fourth quarter of...
Survey reveal U.S. credit card debt soared in 2014
On March 10, CBS reported that credit card debt last year skyrocketed and the trend is expected to continue into 2015 as the U.S. economy continues to improve.According a recent survey from CardHub, a total of $57.1 billion in new credit card debt was recorded in the...
Foreclosures increase for high end homes
According to recent data released by CoreLogic, many high end homes are undergoing foreclosure procedures even as the overall foreclosure rate continues to improve, The Wall Street Journal stated on March 5.Though overall foreclosure rates at the end of 2014 reduced...
5 percent increase in U.S. foreclosure rate
Real estate data provider RealtyTrac revealed on February 12 that foreclosed properties in the U.S. climbed by 5 percent over the past month–making it the highest increase in the last 15 months, Business Insurance reported.Daren Blomquist of RealtyTrac stated that...
Ex En Vogue member threatened with foreclosure
Singer Maxine Jones’ may lose her Virginia home to foreclosure after a federal judge allowed her bank to start the procedure, The St. Louis American stated on February 4. The 53-year-old En Vogue ex member reportedly has a debt of $212,000 on her residential property...
Steps to recover from foreclosure
Fox News shared some tips on January 23 offering advice on how to spring back from a foreclosure experience.• After a foreclosure, borrowers should fix their credit by continuously using their credit and make it a point to pay on time. Lenders may grant loans to...
Senator proposes alternative to payday loans
In a proposed bill, U.S. Senator Sherrod Brown suggested allowing families to withdraw money they would have received on their tax return, thereby allowing them to avoid the high interest of predatory payday loans, 1370 WSPD reported on January 19.According to the...
Ways to manage credit card debts after the holidays
Credit card holders who have splurged during the holiday season may consider the following tips to possibly lessen the headaches come repayment time, a Market Watch article stated on January 5 . • Credit card holders may want to pay their cards with the highest...
Atlanta rapper’s mansion lost to foreclosure
Well-known hip hop artist and music producer Jermaine Dupri failed to pay his mortgage, resulting in foreclosure proceedings, a December 11 article by WSB-TV 2 stated. Reports said the Atlanta native musician defaulted $2.5 million on his 9,441 sq/ft mansion in Fulton...
More teenagers anxious about paying student loan debt
Paying for student loan debt and financing for higher education are a primary concerns for teenagers, an article of ACA International said on December 5.In the survey conducted at Northeastern University in Boston, more than half of the teen respondents age 16 to 19...
Increase in nationwide foreclosure activity in October
National Mortgage Professional reported on November 13 that U.S. foreclosure activity grew by 15 percent in October. Recent data supplied by RealtyTrac showed that a total of 123,109 homes in the U.S. were in different stages of foreclosure in October, making it the...
R&B artist likely to file bankruptcy
Ginuwine, a prominent R&B singer during the late ’90s and the early 2000s, may possibly file for bankruptcy, an article on Daily News stated November 10.The 44-year-old singer Ginueine, or Elgin Baylor Lumpkin, allegedly owes $1.25 million to Robert Reives from...
Workable tips student loan borrowers may consider
Student loan borrowers who are facing trouble repaying their balance may consider the following tips in order to best manage their debts:• Be sure to closely review the terms of your loan as there will likely be a range of repayment options available. • Individuals...
DMX avoided foreclosure after paying $250,000
An October 19 article by the Chicago Defender stated that rap artist and actor DMX paid $250,000 to prevent his Mount Kisco, New York family home from being foreclosed on.The 43-year-old rapper reportedly was sued by Compass Bank last year for failing to settle a...
Former UK girl band member declares bankruptcy
The ex-singer for the English girl band “Sugababes,” Mutya Buena, recently declared bankruptcy due to an unsettled tax bill, an article on Mail Online stated September 26.Documents forwarded to Companies House revealed that Buena, 29, had overwhelming personal and...
Student loan debt burdens baby boomers
According to research, the amount of student debt held by the American elderly has escalated in recent years, the New York Times reported on September 12.According to the “Household Debt and Credit Report,” unsettled student loan debts held by senior citizens...
Former Westlife member speaks about his recovery from bankruptcy
Ex-Westlife member Shane Filan expressed relief after moving on from bankruptcy and is currently writing a book regarding his financial struggle, an article on Irish Mirror reported on September 4. According to reports, the 35-year-old singer/songwriter of the popular...
Tuscaloosa people rallied to limit payday loan interest
Hundreds of people in Tuscaloosa flocked to Calvary Baptist Church on the night of August 11 to advocate for a limit on the interest rates of payday loans, The Tuscaloosa News reported.According to reports, more than 200 people showed up to...
Depression symptoms related to unsecured debt
According to a recent study, older people are likely to exhibit signs of depression if they are plagued with a certain amount of unsecured debt, a Newsday article stated on August 1.In the study conducted at Rutgers University, the researchers...
Nationwide foreclosure activity the lowest since 2006
A recent report released by RealtyTrac said that nationwide foreclosure activity was the lowest since the U.S. was plagued by the foreclosure crisis, an article by the World Property Channel stated on July 17.Last June, there were 613,874 homes recorded in...
Sports mogul Steve Donner bankrupt
Former owner of the Amerks and Knighthawks, Steve Donner filed for bankruptcy in Florida, the Democrat & Chronicle stated on July 3.The 57-year-old sports mogul and his wife reportedly filed for Chapter 7 bankruptcy last May. Donner, who had an outstanding debt of...