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November 2012 Archives

'Credit invisibles' gain hope through new reporting plans

They are known as "credit invisibles." Perhaps they have gone through a recent bankruptcy and decided to lower their debt load. Some of them have recently gone through divorce or other life-changing events. Whatever the scenario, these people have sub-prime credit scores because they have sought debt relief, which makes them unable to secure loans despite their newfound financial responsibility.

'CSI' star files for bankruptcy

As a string of celebrity bankruptcy filings continues, former 'CSI' star Gary Dourdan has submitted paperwork to initiate his personal bankruptcy proceedings. The man, who had been a key player on one of television's most popular shows, says he is currently unable to meet his financial obligations.

Financial tips after the Big One hits

Superstorm Sandy has brought not only physical, but also potentially financial, ruin for many victims in its path. Experts say even though putting your life back together after a natural disaster may seem daunting, some financial tips can help you weather the storm and achieve debt relief even in these difficult circumstances.

Student loans now bankrupting parents

Student loans are not only putting an increasing number of young people's financial futures at risk, but experts report that more parents and grandparents are facing money woes because of academic debt. Financial gurus are observing more money troubles among the older set because of their decision to co-sign student loans, which cannot be discharged as part of traditional debt relief plans.

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