More middle-income consumers are seeking help through formal debt-reduction plans, according to an Atlanta-based credit counseling outfit.
In 2007, the average income for clients entering debt-management plans through the nonprofit Credability was $43,000, and their average credit-card debt was roughly $22,000, said Mark Cole, executive vice president of the agency.
Last year, though, their average income was $54,000, and their average credit card debt was $24,000, he said. (The median income in the United States is about $50,000, he noted).
Mr. Cole said the housing debacle and continued high unemployment rates were probably behind the trend.
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Hi,
I am urging you to please read this message and respond accordingly and then to please forward this on to all your contacts.
As you may know, I am fortunate to be working for Help for Orphans International, a charity founded by Sarah Ehrlich four years ago. She has done a lot of work helping orphans in Kenya and is now solely focused on helping the orphans affected by the earthquake in Haiti.
I don’t like to spread bad news but we have a volunteer from our organization who’s been on the ground there since over a week ago. Words cannot describe the devastation that he has described to me. Imagine a little child losing ALL their family, wounded, no place to live and with little food/water. This is TRULY the situation. Read more…
Summary: Mortgage Loan Modification Hell? Here’s What The Obama Administration Is Doing To Help You. The Obama Administration kicked off its nationwide campaign to help borrowers who are in the trial phase of mortgage modification get their loans converted to permanent modification status. The goal is to have at least 375,000 borrowers converted to permanent loan modification status by the end of the year. HUD will introduce new tools and outreach to get borrowers to send in complete mortgage loan documentation.
Obama administration Kicks off Mortgage Loan Modification Conversion Drive
Mortgage Loan Modification Conversion Drive Press Release and Information
WASHINGTON – The U.S. D
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