Year: 2013

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First, there was back to school. Then, with winter approaching, the need for warm coats and boots was evident. Now, there is the holiday shopping to contend with. There seems to be a never-ending cycle of what appears to be necessary spending for Michigan families....

Most Michigan consumers file for personal bankruptcy after their financial standing has taken a significant hit. In some cases, debt levels have simply climbed to untenable heights, and the ability to repay those obligations is unreachable. For others, the loss of a...

There are a variety of reasons that people will start using credit cards, from trying to establish a credit history, earning cash back or rewards on spending habits and even to pay for unexpected emergencies. If a plan is made to ensure that the charges can be paid...

The Michigan State Housing Development Authority (MSHDA) has announced that three agencies are slated to receive funding aimed at helping distressed homeowners. The funding comes from grants obtained through the National Mortgage Settlement, and total nearly $600,000....

The Congressional Research Service is a nonpartisan group that supports congress with a fact-finding service. It has recently released some startling new information regarding the way many states are handling federal funds. The Hardest Hit Fund was set up by the...

Bankruptcy is a fact of life for many Michigan residents. It has allowed them to regain control of their finances and eliminate large swaths of their debts, including credit card debt. Another large source of debt is medical debt -- an issue which often compounds upon...

There are many reasons why a family may find themselves considering the protection of a Chapter 7 bankruptcy. Medical bills, loss of income and consumer spending issues are all factors that can lead to a decision to formally seek a formal resolution to financial...

Michigan families find themselves in credit card debt for a variety of reasons. Impulse buying, unexpected emergencies and overspending on vacation are just a few of the reasons that a family may begin developing credit card debt. Dual incomes no longer shelter...

A foreclosure is one of the greatest fears that a homeowner in Michigan faces in today's economy. The loss of a home due to a foreclosure can be a devastating moment, and many families have a difficult time recovering from it. An Ann Arbor-based company is joining the...

Recently released data suggests that consumers in Michigan and beyond are tightening their belts and making wiser decisions concerning the use of credit. In August, U.S. consumer debt grew $13.6 billion. However, the majority of that debt was taken on in the form of...