News : Debt consolidation, consumer credit counseling options for improving finances

source:debtconsolidationconnection.com
By Marvin Milner on Apr 21st, 2010

When facing a troubling debt situation and dwindling finances, people may consider options like debt consolidation or consumer credit counseling.

In a recent piece for her website, personal finance expert Liz Pulliam Weston showcased a letter from a reader whose credit dropped after a foreclosure. Furthermore, the reader faced a reduction in salary after finding a new job and was curious as to how consumers in such a situation can start rebuilding their credit.

Pulliam Weston noted one option for consumers is debt consolidation. Through debt consolidation, people may be able to lower the amount of interest they pay on credit cards, which can help them get out of debt faster. ...

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News : Government programs, debt consolidation may help pay down student loans

source : debtconsolidationconnection.com
By Peggy Stillwell on Apr 11th, 2010

Government programs do exist to help those in financial trouble put food on the table or pay for medical expenses.

However, as the effects of the last recession are still felt, more people may find they have to rely on the assistance provided by Medicaid and Supplemental Nutrition Assistance Program, the latter more commonly known as food stamps.

According to a report from the Atlanta Journal-Constitution, SNAP saw a 32 percent increase in Georgia from December 2008 to the same month in 2009. During that time, Medicaid recipients also went up by 9 percent. But the paper noted the state is planning on reducing the number of workers who administer the program by 137 people.

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