Although the latest national survey from the Mortgage Bankers Association finds mortgage delinquency rates on the decline, there’s little else to celebrate. The report also finds that the mortgage delinquency rate is still higher than the norm and the number of houses in various stages of foreclosure returned to a record high. Furthermore, the Obama [...]

Billions of dollars of home loans are predicted to go into default in the coming years; according to RealtyTrac, the month of August of 2007 alone saw foreclosure filings increase 36% to 243,947 from the month prior, a 115% increase from August of 2006 (RealtyTrac, 2007). There’s no question that the housing boom in most [...]

In Part I I gave the example of Kelly, the responsible college graduate who’s finances took a turn for the worse. If you haven’t read about her attempt to avoid bankruptcy, you should. You should always keep this in mind: You must be proactive with your finances because by the time you are really in [...]

This is the first article in a series I’m releasing to help recent graduates (or anyone out on their own for the first time) navigate the dangerous waters of personal finance. These are all tips I wish someone had given me when I graduated from college, but like many, I had to learn the hard [...]

There’s a secret regarding debt that no one finds out about until it’s too late. It’s vital that you understand how your credit score is calculated and be smart about planning your debt; the simple fact is you will learn this debt secret, unfortunately, by the time you do, it may be too late. If [...]