According to the American Bankruptcy Institute (ABI), there were 1,032,226 bankruptcy filings by the end of 2013, resulting in a 13% decrease from 2012, when 1,186,137 bankruptcies were filed. This is the lowest amount of bankruptcy filings since 2007. In addition, 988,215 consumer filings took place during 2013—a 12% drop from the previous year. Commercial […]
If finding a job in the current economic climate wasn’t difficult enough, job seekers have one more potential roadblock on the way to securing a new position: their credit file. Based on a recent survey, up to half of employers eliminate potential job candidates with low credit scores. Though some 20 states have introduced recent […]
The housing crisis may get more personal for struggling homeowners, even those who have perfect credit. RISMedia reports that homeowners seeking a loan modification or considering foreclosure to help them pay their mortgages might see their credit score fall sharply, thanks to the effects of the housing debacle. It gets worse. Citing complaints from bankers […]