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2001, 2011 What’s The Difference?

Turns out if you're talking about the number of jobs, not much. This news is terrible, and gets even worse.  Although the number of jobs is the same, the number of people competing for those jobs is significantly greater.  Turns out it really was a lost decade. "The number of jobs in the U.S. economy [...]

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Looking For A Job? 2011 May Be Your Year.

Woo-hoo, looks like there may be some good news for job-seekers in 2011.  A recent survey of firms show that they expect to hire at least 20% more employees in 2011 than in 2010. "Almost one-quarter of employers — 24% — said they plan to hire full-time, permanent workers in 2011. That compares with 20% [...]

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Foreclosures at 3 Million in 2010. What will 2011 Bring?

Foreclosure proceedings, which includes actual reposessions as well as the initial stages of the foreclosure proceedings hit a record 2.9 Million in 2010.  Towards the end of the year, as the proverbial stuff hit the fan at the banks and servicers, the pace slowed. As we enter 2011 however, it appears that the banks and [...]

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Once Again, Banks Get Fat, Your Balance Gets Skinny.

The bailouts weren't enough, decimating millions of families through greed and deceitful practices wasn't enough.  THE BANKS WANT MORE!! More profit is the goal of every bank, and boy are they good at getting it.  If one revenue stream gets shut down by the government, the sneaky and ingenious bankers will find a way to [...]

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FICO Reveals Their Secrets? Yeah Right!

Fair Isaac & Co. the provider of the most widely used credit score, the FICO score, is trying once again to spin to the consumer why their secretive, often misleading and erroneous credit score model is the best thing since sliced bread. In a recent article on Yahoo, the CEO tries to give consumers some [...]

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Part-time is here to stay.

Looking for a job as we know, has become increasingly difficult.  The numbers show however, that even those who have found jobs haven't found exactly what they're looking for. In fact, of those that have found work, it turns out that it is most likely part-time work. "Temp, part-time and contract work in almost every [...]

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How are you being rewarded?

We've all seen the hype, use our card and earn rewards to be used for travel, or even get cash back.  But the question is are they worth it? Well according to this article, the answer may be no.  "Credit cards that give cash back prompt consumers to spend more and accrue more debt, according [...]

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Thanks California for making my gas more expensive.

California is a great place don't get me wrong, but, some of the craziness just irks me.  Let's take gas for example, because of the smog issues, California passed regulations requiring a "cleaner" type of gasoline, that although costs a little more to refine, allows the oil companies to boost their profit margins significantly.  And [...]

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Annoyed by debt collectors calling you for a debt that’s not even yours, stop them in their tracks.

You know the drill, you pick up your phone for the bazillionth time today only to hear from some obnoxous jerk looking to collect on a debt.  Except the debt they're trying to collect on is some random person you either know or don't even have a clue who they are. Well here's a good [...]

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Ouch! Rents jump 12%

Sometimes the news just gets worse.  First, millions of Americans who were ripped off, lied to, and sweet talked into mortgages they never should have been in, have had their homes foreclosed on.  The natural consequence of this tragic occurrence is that these families still need a place to live, and that means for the [...]

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Warning! Closing your credit cards can damage your credit score.

This is one of those questions that we as credit repair professionals are asked all the time, "will closing my paid-off credit card improve my credit?". The short answer is no!  As counter-intuitive as this may seem, it is true. Your credit score is based on a complex mathematical formula that takes into account numerous [...]

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The bankruptcy tsunami gains momentum

It looks like there's no slowing down the flood of bankruptcy filings, and there's no end in site.  According to this article, bankruptcy filings were up in 2010 to their highest levels yet with almost 1.5 million Americans turning to the courts for protection from an unmanageable debt load and a stagnating economy.  it also [...]

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To have, or have-not? I prefer to be a have.

If you doubted that we are moving toward a two class society, the haves and have-not's, look no further than the data from the recently wrapped up holiday shopping season. Retailers reported one of the strongest seasons within four or five years, yet, the majority of American consumers, we're still in a cranky mood. "If [...]

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Unemployed? Things to get tougher.

 If you've been unemployed for any length of time, and are a 99'er things may be getting tougher in the months ahead. Unemployment benefits are being increasingly maxed out by many, and the prospect of finding a job, at least a good job, are not looking promising for the foreseeable future.  This cut-off in benefits [...]

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Are you entitled to part of the foreclosure settlement?

 Looks like a number of the largest mortgage servicers who have just slammed the consumer for the past couple of years are about to settle with some of the state Attorney Generals for their egregious practices in foreclosing on homes whether they had the right to or not. "The attorney-general group expects to reach five [...]

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Think gas is expensive? Check out Milk!

 Something doesn't add up here.  We are in one of the worst recessions in almost 80 years and yet the price of EVERYTHING is stil on the rise. Check out this article and find out how the cost of food has been increasingly steadily for more than 6 months, with no end in sight.   "Up for [...]

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Live in Cleveland? Plan on home prices going down.

The housing market continues to show mixed signals, with an over all negative trend.  There are definitely some pockets of the market where housing prices are beginning to stabilize and even increase.  But, unfortunately, this is not the case for the majority of the country. Housing prices in most markets continue to fall.   According to this [...]

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Can you have a high score after filing for a bankruptcy? You bet.

One of our primary tasks here at YourCreditAttorney.com is helping people who have taken advantage of the protections afforded by the Bankruptcy laws get back on their feet and improve their credit going forward.   it's good to hear that we aren't the only ones who recognize that it is truly possible to achieve a very high [...]

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Facebook the new travel agent?

Looking to find the unusual, hip, or off-beat in a city you're traveling to.  Look no further than Facebook. "If Facebook users have anything to say about it, the days of your travel agent, guidebook and (uh-oh…) travel writer could be numbered. Indeed, while many of us are still using the site to waste time at work [...]

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Home prices to drop another 10%?

New economic data showed an increase in sales of existing homes in November, but that doesn't mean there aren't still deals to be had. In fact, economists are expecting prices of existing homes to drop up to 10% more within the next 6 months. "Many economists expect home prices to drop another 5 percent to [...]

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