Consumer Credit Counseling Services

A reliable and efficient debt consolidation program may help you in taking the right step towards becoming debt-free.

If you feel you are overwhelmed with credit card debt, tired of harassing phone calls or just like the convenience of one monthly payment, a credit counseling program may help you.

Credit card consolidation and debt management program can help you financially by offering you a choice of solutions, custom tailored to fit your financial needs.

A credit counselor will speak to your creditors and negotiate to: 

  • Stop any harassing creditor phone calls.

  • Reduce your monthly payments.

  • Consolidate all of your unsecured credit card debt into one simple monthly payment.  You may even be able to choose what day of the month it is due.

  • Reduce the number of years to pay off your debt dramatically.

Consumer Credit Counseling Specialists

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* Credit card debt, unsecured loans, IRS debt, utility bill debt, and student loans. Do not include auto loans or mortgages. Describe your credit situation:

 

 

Financial Articles Related To Kentucky

 

Role of mortgage brokers in throwing Kentuckians to foreclose

As the housing crisis becoming an increasingly important concern, Obama administration has come up with bailout packages to help home owners to escape the tide of foreclosures. But giving bailout packages is not sufficient when the actual housing market slump leading a huge number of vacant homes for sale, rising unemployment, rising foreclosure and weak consumer confidence.

Economist predict that 30 year mortgage rates that reduced lured the investors to buy the debt issued by Fannie and Freddie at much lower rates and it is because the federal government is standing behind the debt. With this it can be said that US government plays a major role in mortgage market as it has become a nation’s mortgage lender by backing Fannie and Freddie mortgage lenders which leads to major financial threat to economy.

These efforts are made to help home owners from losing their home to foreclosure that this to major mortgage lenders own. Backing these two major mortgage lenders could end up costing taxpayers billions of dollars and therefore the treasury secretary insisted in paying the taxpayers first instead of assessing how much the takeover of the mortgage lenders will cost to the government.

But the actual reason for the mortgage crisis is the greed of mortgage brokers who assisted mortgage companies in lending to people liberally even with poor credit history. Mortgage brokers are equally experiencing the pain of tighter credit and declining property values as much as home owners as their potential customer base is lost during this tough times. Easy business is no longer possible as banks are not approving to lend with out good credit history and seeing the capability of paying the down payments in case the mortgage rates go up.

US government played a major role in this housing bubble of lending with creating a easy and loose lending policies which was adopted by the mortgage brokers by lowering the interest rate drastically in order to encourage economy, but in the end only managed to create financial bubble in the housing market. This bubble was actually created when the banks and other lending institutions ignored the fact that many home values were only inflated during the boom beyond what they worth. With rise in property values, lenders were lending huge loans on property that are far less worthy which were packed into a incomprehensible financial products and sell them to hedge funds.

In this housing bubble, mortgage brokers played their role of selling the products offered by the mortgage companies to the home owners who are in need of them. The type of products that are designed by the mortgage companies like adjustable rate mortgage or interest only products are in interest of home owners only. If these products are not useful to the home owners then why did they become so popular?

The only thing that affected the housing market is not the mortgage products but the way the companies lend money to home owners.

 
Available in the following Kentucky Cities:

( For cities available in other States click here )
Bowling Green
Frankfort
Lexington
Louisville 		Morehead
Murray
Owensboro
Richmond

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Kentucky Economy- Kentucky economy varies form region to region with in the state. At the end of 2008 "no" seems to be word of the year. No money, no jobs, no credit. Though there is increase in farm cash receipts for 2008, agricultural economist at the UK collage of agricultural predict the overall cash receipts for 2009 will see decline slightly. The 2009 grain crops will be influenced by several factors such as global consumption, financial, energy and currency markets and crop development in the southern hemisphere. The recession and accompanying factors will provide a set of unique challenges for farmers in the upcoming years. The weak economy is going to hurt in two ways, one abridged demand for food products and other affect land prices.