Consumer bankruptcies climbed in 2010

Jan 18, 2011 Brian Bradley

While the economic recovery is helping many, there exists a significant portion of consumers still feeling the pain. That includes the 9 percent of consumers who had to declare bankruptcy in 2010, according to new data from the National Bankruptcy


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Research shows dip in consumer defaults

Jan 18, 2011 Brian Bradley

The increasing number of consumers aware that they must control their debt played a part in a decline in consumer defaults during December, according to new data from Standard & Poor's and Experian.Figures indicated respective dips


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Michigan housing agency responsible for lack of screening

Jan 18, 2011 Matt Roesly

The Michigan State Housing Development Authority was found to be in violation of a number of housing practices relating to a lack of background screening of former convicts and other questionable actions, the Detroit News reports.An investigation


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Auto loan rates continue to climb

Jan 18, 2011 Brian Bradley

Automakers hoping to capitalize on an improving economy may have a new enemy - auto loan rates. According to the Federal Reserve, the auto loan rate increased for the fifth straight month, reaching 4.63 percent in November. That is up from


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Greater access to credit should improve auto sales

Jan 18, 2011 Brian Bradley

The auto industry suffered a significant loss of revenue during the depths of the recession as the idea of a new car went from a luxury into an impossibility. However, that trend may finally be turning as consumers gain more access to auto


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