Surviving the Credit CrunchThe headlines have become impossible to avoid: Oil is at record prices. Credit card rates are up. Unemployment is rising. The dollar is on a decline. The housing market is crashing. Credit.com’s expert team has been tracking the economic news closely and we’ve put together some resources for consumers facing financial troubles. Along with the following information, you can read more online at CreditBloggers.com or email our expert team with your questions. If you’re a reporter, click here for media contact details. HousingIf you’re struggling to pay your mortgage or worried about losing your home, it is crucial that you communicate with your lenders. You can also call the Department of Housing and Urban Development at (800) 569-4287 or the Homeownership Preservation Foundation at (888)-995-HOPE for assistance. How to Save Your Home from Foreclosure DebtCredit card rates and fees are on the rise, making it a particularly bad time to be in debt. Reducing your debt load can improve your financial situation, boost your credit score and save you money. It is best to pay off your debts on your own, but this isn’t always possible. Be sure to get all the facts first if you’re considering debt counseling, settlement or consolidation.
Do-it-Yourself Debt Reduction TaxesIf you’re receiving a refund this year, it is a smart move to put the money straight toward debt repayment or starting an emergency savings account for rainy days ahead. If you’re going to owe money to the government, you may need to evaluate your payment options.
What to Do if You Can’t Pay Your Tax Bill Personal FinanceAn economic downturn could also impact your savings, investments and even employment. There are preparations you can make now to avoid financial trouble in the future. Or, if you’re already facing a crisis, there are important steps you can take to mitigate the impact. You can Recession Proof Your Life…Right Now Starting OverCredit damage from late payments, bankruptcy and foreclosure doesn’t have to destroy your financial outlook for the next 7-10 years. Working on rebuilding your credit history right away can pay off significantly down the road. Rebuilding Your Credit Again, you can read more online at CreditBloggers.com or email our expert team with your questions. We’ll do our best to answer in a timely manner. If you’re a reporter, click here for media contact details.
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