Thursday, February 9th, 2012
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*National Cumberland Virginia credit counseling site offers financial education and debt counseling.

*Informative site on counseling plus offers help through their unique Cumberland Virginia debt consolidation programs.

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Cumberland VA Debt Consolidation Services



Cumberland Virginia Information

For Cumberland VA residents, a debt consolidation or debt management program could be your key to debt free living. The counselors with Debt Central will work with you to create a debt management plan which is suited for your life and will enable you to achieve financial freedom. A popular statistic states that "On average Americans carry $5,800 in credit card debt from month to month. If one were to make only the minimum payment on that debt every month, it would take 30 years to pay off - and include an additional $15,000 in interest." [compiled from www.cardweb.com]. The counselors can help you beat that stat.

To learn more about a debt consolidation program, fill out the form on the bottom of the page - and a counselor will be in contact for a free consultation!.


An interesting read for Cumberland VA residents...



U.S. bank regulators roll fines into mortgage pact (Reuters)
Reuters - The Federal Reserve announced on Thursday it has reached an agreement with five U.S. banks on penalties totaling $766.5 million over problems in their mortgage servicing businesses as part of a larger $25 billion foreclosure deal struck between the banks and state and federal agencies.
 
U.S. banks agree to $25 billion in homeowner help (Reuters)
Reuters - Five big U.S. banks accused of abusive mortgage practices have agreed to a $25 billion government settlement that may help roughly one million borrowers but is no magic bullet for the ailing housing market.
 
IRS to business owners: Did you file your 1099s? (AP)
AP - Business owners will find two new questions on their income tax forms this year:
 
Obama: Mortgage deal turns page on reckless era (AP)
AP - President Barack Obama says a $25 billion settlement between mortgage lenders and states over foreclosure abuses "will begin to turn the page on an era of recklessness that has left so much damage in its wake."
 
Timeline of events of nationwide mortgage deal (AP)
AP - On Thursday, 49 states reached a $25 billion deal with the nation's biggest mortgage lenders over foreclosure abuses that occurred after the housing bubble burst.
 
Housing regulator acted on "ideology": lawmakers (Reuters)

Protesters from the Occupy movement and other community activists put up signs at the home of Ana Casas Wilson, which is currently under foreclosure from Wells Fargo, in South Gate, California, in this December 6, 2011 file photo. Five big U.S. banks accused of abusive mortgage practices have agreed to a $25 billion government settlement on February 9, 2012 that may help roughly one million borrowers but is no magic bullet for the ailing housing market. Picture taken December 6, 2011. REUTERS/Jonathan Alcorn/Files (UNITED STATES - Tags: CIVIL UNREST REAL ESTATE BUSINESS POLITICS)Reuters - Two Democratic lawmakers on Wednesday accused the regulator of Fannie Mae and Freddie Mac from blocking the firms from reducing principal on the mortgages they back for reasons of "ideology."


 
May 5th, 2008

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