The after affects of this situation is now
By debtmansteve on November 30th, 2008
The after affects of this situation is now there are large numbers of consumers are getting their houses foreclosed on. This equals disaster for the market and has trickled down to hurting many other financial industries. Debt relief is amazing. The credit industry has been making it’s grip stronger and as a result charging these consumers elevated APR’s. Now we are going through gigantic problems in the banking industry too with the bankruptcy of WaMu. In turn this banking epidemic negatively affects the stock market.
It was horrible enough to manage before the interest
By debtmansteve on October 28th, 2008
It was horrible enough to manage before the interest was raised. This is exactly why Americans are searching for other options such as debt settlement vs. credit counseling, or bankruptcy. If you are not familiar with any of your options then I will offer you a little information on them. Why is debt so hard to get out of but so easy to get into.