by Whoosh Agency | Mar 3, 2021 | Consumer Debt
If you are behind on your bills and wondering what to do, you are not alone. According to the Consumer Financial Protection Bureau’s recent report, “ Over 11 million families are behind on their rent or mortgage payments: 2.1 million families are behind at least three...
by Whoosh Agency | Feb 24, 2021 | Consumer Debt, Subprime
If you’ve ever tried to get a mortgage or a car loan, you likely heard the term “debt to income ratio.” This ratio is a number that lenders use to determine how much more debt you can afford to pay each month. If your debt to income ratio is high, lenders will be less...
by Whoosh Agency | Feb 2, 2021 | Consumer Debt
On a global scale, the vast majority of Americans are either upper-middle income or high income. Many Americans who are classified as “poor” by the U.S. government would be middle income globally, according to a new Pew Research Center analysis. (2) Because of our...
by Whoosh Agency | Jan 20, 2021 | Consumer Debt, Mortgage Foreclosure
Mortgage companies do not offer loans for free. Some lenders use fair and reasonable fees, interest rates, terms, and conditions. Other lenders, however, are out for your lifeblood. Recently, the Consumer Financial Protection Bureau started a project to crackdown on...
by Whoosh Agency | Jan 12, 2021 | Consumer Debt, Creditor Harassment, Debt Collection
In our society, some types of debt can be good. Having a high credit score depends on having a responsible credit record that includes a normal amount of debt for your income level. This is called your debt-to-income ratio. 44% of Americans rely on a car loan when...
by Whoosh Agency | Jan 5, 2021 | Consumer Debt, Creditor Harassment, Debt Collection
If you have been struggling to pay bills recently, you are not alone. According to the Washington Post, “Millions of Americans who lost their jobs during the pandemic have fallen thousands of dollars behind on rent and utility bills, a warning sign that people are...
