Debt advisory service urges homeowner to seek advice if necessary

Officials from a debt advisory service have been urging homeowners to seek advice from industry officials as early as possible if they are finding it difficult to keep up with mortgage repayments and debts. With house prices due to continue falling over the coming year homeowners are set to face a challenging time, according to the group, and this could be made worse by the fact that more recently property purchasers could find themselves plunged into negative equity, where they owe more on their property than the property is worth. [Read more]

Bankruptcies up 38 Percent

The economy has been faltering lately, but the news is not so new. Up until more recent developments, hundreds of thousands of Americans have been struggling to keep up with their debt payments, while their personal financial matters have been barely floating above ruinous water amidst such morose issues as extravagant gas prices, expensive food and consumables, utilities, car payments, and many more concerns that the average American deals with on a daily basis. [Read more]