Ballooning Consumer Debt Cripples Economic Recovery – Any Hope For The Debtors?

As we come to the far end of 2011, the economists give a retrospective glance at the economy to check where we stand. Though individual bankruptcies are falling, yet that doesn't speak much about the improving financial behavior of the US consumer, who is still being supported by the record federal stimulus.

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Debt Consolidation – Advantages and Disadvantages

Debt consolidation is an effective way to eliminate piled-up debts. In other words, debt consolidation refers to a loan, specifically taken to clear away pending debts and liabilities; and in the process creating a single loan with a single monthly payment.

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