According to a recent report, the delinquency rate on credit cards jumped more than 10% in the first quarter of 2009 when compared to the first quarter of 2008. The report, which was conducted by TransUnion, defines delinquency as credit cards that have had no payments for three or more months.
In 2008, the delinquency rate was around 1.2%. In 2009, that number jumped to more than 1.3%.
Well some industry observers were hoping for a decline on delinquency rates, this news doesn’t come to the surprise of most experts. With the national economic downturn yet to heal, consumers are struggling to …read more

The news earlier this month that former Tonight Show sidekick Ed McMahon may lose his home in Beverly Hills to foreclosure is such a shocker to some. But anyone who’s been paying attention to the foreclosure mess should have realized by now that no one is immune to mortgage-payment woes.

Then there are members of the military. In this country, we talk a lot about how much we respect and admire the men and women in our Armed Forces. But sometimes I wonder. Watch this video from CNNMoney. It’s a sobering account of the struggles military personnel on long stints face to keep their homes. Many of them are now facing foreclosure.