Free-spending, debt-laden: Credit woes can have roots in emotional needs
Personal-finance experts estimate that at least 10 percent of debt woes are a direct result of overspending — pure lack of discipline. Overspending and accumulating debt may be manifestations of deep, unresolved emotional issues and unmet needs. Shopping becomes like a drug, just as work is for workaholics, and provides a temporary escape from worry and anxiety.
Free-spending, debt-laden: Credit woes can have roots in emotional needsFTC rules take aim at debt-relief industry
The Federal Trade Commission issued stringent new rules cracking down on the burgeoning debt-relief industry on Thursday, saying it too often charges consumers hefty upfront fees but fails to reduce the amount of money they owe creditors. Business - Debt settlement - Financial Services - Federal Trade Commission - Financial Planning
FTC rules take aim at debt-relief industryThe Inception of New Debt Relief Programs Helps Consumers Get Out of Credit Card Debt
LOS ANGELES, CA--(Marketwire - July 28, 2010) - Throughout history debt relief has evolved and recently the industry has undergone a dramatic change due to high consumer credit card debt. Debt relief forgiveness can be traced back to biblical times in the Old Testament, when Moses declared a Holy Year to take place every year where all debts are forgiven and all slaves freed. In more recent ...
The Inception of New Debt Relief Programs Helps Consumers Get Out of Credit Card DebtWith slow U.S. recovery rises new fear: stagnation
Even as Congress moves to extend jobless benefits for millions of workers, a growing body of evidence suggests the United States is heading toward an economic netherworld — avoiding a slide back into recession but growing so slowly that unemployment will remain high, home prices low and incomes essentially stagnant.
With slow U.S. recovery rises new fear: stagnation