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 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

Fill out the contact information below and a Credit Counselor will call you at your convenience

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Amount of Debt:  *
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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 North Dakota

 

Foreclosures keep soaring as unemployment hits North Dakota

In 2009, the USA economy saw a major collapse before recovering from the rim of depression as unemployment gone over 10 percent by major companies like general motors filled bankruptcy.

An increased adjustable rate mortgage lending made to the people with good credit is sinking into foreclosure there by adding concerns to economic recovery. Obsessed with rising unemployment, nearly 33 percent of the adjustable rate mortgage accounts to total foreclosures filled last quarter compared to last year was only 21 percent.

As the US unemployment rate soared to double digit number to 10.2 percent, over 16 million people are thrown out of work and average work week was down to 33 hours. At the same time consumer prices rose sharply making it unlikely that the economy will recover under the threat of soaring unemployment, decline in home values and accelerating inflation.

According to data realised by Realtytrac, an online foreclosure listing database, foreclosures that filled fell for the third consecutive month but remains elevated compared to the same period last year. In October, US filled 333,292 foreclosures which were 3 percent below the previous month foreclosure but 19 percent higher than the foreclosures filled previous year 2008.

One factor that has been driving the foreclosures is that the number of adjustable rate mortgage that have reset to higher interest rates by which rising the amount that home owners had to pay each month. As the interest rate peaks the pace with which the foreclosures file could rise further in coming days.

Job losses across the nation and North Dakota and declining home equity are adding further to foreclosures. Home owners who thought to save the home or stop the foreclosure by refinancing mortgage with lower interest rates could do any more due to the declining prices which mean home owners owe more on their mortgage compared to what their home is worth.

For this reason, when you are availing the adjustable rate mortgage you must have to understand the risk associated which was not explained by your lender in many a cases.

It has been reported by the mortgage bankers association that housing market recovery is let down with continuing surge in home loan defaults, especially with rise in inflation, interest rates and loss of jobs which is the main reason home owners fall behind on their mortgages.

Optimists says the after years of tumbling prices, home prices started to rebound but many pessimists says that there are many more foreclosed home that needs to be dumped into the market with which price would worse even further.

This foreclosure will even push the housing prices downward, especially for hardest hit cities that are coping with unemployment rise. The worse situation is that the loans backed by the federal housing administration are showing signs of trouble. It has been reported that 18 percent of the FHA loans are at least one payment behind on their mortgage or in foreclosure which triggered the situation worse.
Available in the following North Dakota Cities:

( For cities available in other States click here )
Bismarck
Devils Lake
Dickinson
Fargo 		Grand Forks
Jamestown
Minot
Wahpeton

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North Dakota Economy- Economist says that North Dakota was the only state in the recession with an economic indicator in expansion for last month. North Dakota was one of the two states in the region with an economic indicator grow above the neutral for December 2008. Even though there are more workers employed in North Dakota, I expect the national economic recession to reflect on the state in month ahead. However it is clear that any pullback will be less significant for North Dakota than for other states. I expect the state unemployment rate which is now the lowest in the region to expand by 0.2 % in the first quarter of 2009 with job losses of less than 1000.