Carnival of Debt Management #9
–By Sagar Satapathy
Greetings. Welcome to the 9th edition of the Carnival of Debt Management. I hope you had a great time reading the posts at the previous edition of this carnival. Today, we have seven good articles that talk about debt management and related issues.
Michael Cook presents Option ARM Resets Are Here posted at Suite101: Mortgages/Loans articles. With the Real Estate market off of its peak, homeowners are seeing their 3 and 5 year adjustable rate mortgages reset to higher rates. Avoid default with good planning.
Twenty.something84 presents Generation Debt posted at Quarter Life Crisis for 20-Somethings. Student debt for college graduates are rising every year.
Majic presents Irrational Fear posted at Krugergold Finance. It’s this same fear that prevents people from making the correct decisions about their finances. People mentally run away from their debts of bills in the same way as my friend ran away from the bee.
Mr Credit Card presents History of Consumer Credit Counseling Services posted at Ask Mr Credit Card’s Blog. In the 90s when consumer debt spiraled upwards, new for profit credit counselors entered the market. These companies, being for profit, went after consumers who were able to pay off their debt but who just wanted to lower their interest cost.
Abdulrasool Sumar presents Do It Yourself Debt Reduction posted at Debt Consolidation. If you are committed to reducing your debts and are willing to cut down on unnecessary expenses, it is indeed very possible to succeed in what’s called a "Do It Yourself Debt Reduction" plan.
Dan Melson presents Prepayment Penalty Now or Wait to Refinance Until It Expires? posted at Searchlight Crusade. The problem is that nobody knows what rates will be like in July and August of 2008 yet. Nobody knows what your property value might be then either.
Joshua Dorkin presents Boycott Chase Bank and Learn What Not to Do In Customer Service posted at Time For Blogging. Chase has established a policy where they send away people who aren’t happy with their service. There is no attempt to rectify the situation. They just want you, the problem, to get lost.
That concludes the ninth edition of the Carnival of Debt Management. Keep submitting your posts to the future editions of this carnival. A link back would be greatly appreciated.