If you, like millions of other Americans, are currently in some stage of the foreclosure process, you’re probably wondering what you can expect from life after foreclosure. The bad news is that losing a home to the bank will almost certainly have a negative impact on your credit – the good news, though, is that the current foreclosure glut means that mortgage foreclosure might not be quite as bad as it used to be.

What to Expect from Credit, Jobs, Cars and More

So which areas of your life might be affected by foreclosure action? Acc

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Many individuals have become consumed by debt. With salaries stagnant, rising inflation, high unemployment and an ever-increasing global recession, it seems that people have fewer and fewer options to paying off their debt. Some only exacerbate their debt problem by making the same mistakes over and over again. They continue to live well beyond their means and extend their use of credit by taking on loans they can’t possibly pay and making purchases they can’t possibly afford. However, for those who’ve decided to tackle their debt and want to move forward on paying it down, what’s their best option? Well, the most common and widely recognized option is debt consolidation. Full Post…

The financial dangers of taking on a payday loan (a short-term, high-interest loan offered to people with weak financial histories) generally outweigh any benefits. For cash-strapped Americans who need to make rent or utility payments, though, payday loans are often the only viable source of cash.

But, according to a post on WiseBread.com, that might change soon: it seems that, in some parts of the country, a more consumer friendly alternative to payday loans is cropping up.

More Affordable Small Loans

Here’s a look at what might soon act as a better option for people looking to borrow a little money for a short amount of time.

• FDIC pilot program: Between February 2008 and February 2010, the Federal Deposit Insurance Corporation tested a program that allowed Americans to borrow up to $2,500 for a period greater than 90 days. I

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