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In 2006, when the subprime lending market began to implode, it sent shockwaves throughout the U.S. economy and eventually lead to a global economic decline.  The effects of this financial catastrophe are still being felt today.  In an attempt to bolster the economy and promote lending, even in the face of this disaster, the U.S. government created the Troubled Asset Relief Program to supply lenders with needed funding.  “The point of TARP”, says Kristy Sinsara, President of the Consumer Advocacy Group, “was to ’stimulate the economy’ by giving money …

Loans, Personal Finance »

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When faced with tough times and the possible loss of their homes, many people do not realize that there are options out there for them. Often times, these people are made to feel by banks and other organizations that the only option they have is to find a way to pay all at once, or lose their homes.
It’s very difficult to find information on this issue, and many people believe that they have no options, no way out of losing their homes and falling down, financially. There are many answers …