News Topic: Consumer Credit Issues

Co-signing a loan is a dangerous thing. Too many people end up in bankruptcy due to debts they just co-signed for, so here are a few points worth considering before co-signing for a friend or family member. 1. There is a reason they need a co-signor. A ... Read full article

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American mega-banks are great.  For bankers.  For the rest of us, they encourage booms and busts in the economy and foster bankruptcy for the middle class.  Even their shareholders should agree — it’s time to break up the Big Banks. ... Read full article

Bankruptcy is a last resort of course.  But it is an option.  Paying back debt when you barely have enough money to survive is usually a horrible alternative. ... Read full article

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Casinos would go broke if people acted completely reasonably with money.  Instead, players go bankrupt and the house always wins.  Banks have learned to play the same games . Banks are gradually turning the consumer financial world into a casino.  I don’t ... Read full article

When credit card debt goes bad, banks sometimes sell it to vulture investors at a steep discount.  The vulture debt buyer then often tries to sue on the account to collect more than they paid.   And their lawsuits are often the final straw forcing folks ... Read full article

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