The Federal Reserve and our chairman seem to beleive that the economy once again is in full steam ahead mode.
Well with what i have been reading about the seasons retail numbers, it seems to be that they are in for a rude awakening. Retail sales are track at lower than expected numbers and once again a dismal shopping season is in store for the economy. Also it loos as if the annual Haloween parade in Manhattan has been reduced due to cost cutting. Traditionally their are over 12 floats for the parade and now its reduced to just 3 floats. People out there if the economy is not in rebound mode than do what you need to do, settle your debts and regain momentum of your life. Worry about yourselves AND NOONE ELSE
Posts Tagged ‘Economy’
Is our economy improving
Monday, October 12th, 2009Here We Go Again
Friday, September 25th, 2009Bernanke says consumer lending is necessary, his colleagues say raise interest rates. Here we go again. Which way do we go , which way do we go. If rates remain where they are, and inflation sets in, once again the FED will have waited too long once again. It seems as if no matter what is going on in our economy they are always 1, jeesh 3 steps behind.
So I say consumers worry about yourself, do what you think is right and forget the big guys out there. Your financial institutions really dont care about you— why should you care about them? Settle that credit card debt today!
Report: Debt Settlement a Viable Path to Economic Recovery Over Bankruptcy
Friday, September 18th, 2009A recent analysis found the number of Americans filing for bankruptcy continues to rise. The Association of Settlement Companies (TASC) today reminds consumers who are struggling to pay off their unsecured debt that debt settlement remains a reliable tool for relief, especially when compared to taking the dramatic step of filing for bankruptcy.
According to a report from Automated Access to Court Electronic Records, bankruptcy filings in the United States now exceed 6,000 per day. Reputable debt settlement companies such as those that are a part of TASC—a non-profit watchdog for the industry—can help consumers avoid being a part of that statistic. One reason is that debt settlement companies can often negotiate with creditors to settle for less than the full amount owed.
“Every day the debt settlement industry assists consumers in navigating through their financial straits,” Chris Kesterson, president of TASC, said. “Our staff members are knowledgeable and experienced in working with creditors, who are willing to take a settlement over getting nothing with bankruptcy.”
Debt settlement provides consumers with a three-year plan to get out of debt without the 10-year stain of bankruptcy on their credit report. Bankruptcy also is time-intensive and can be difficult to apply for, if a consumer even qualifies, Kesterson added.
To illustrate debt settlement as a growing choice over bankruptcy, TASC revealed recently that the industry returned more than $2.2 billion in consumer debt last year. In addition, TASC’s research shows more than $500 million in settlement funds saved by consumers are available to credit card companies today.