America's banking sector loses customers

Americans are turning away from banks and turning to quasi-banking services. According to the Federal Deposit Insurance Corporation (FDIC), nearly 12 million Americans are managing their money without the help of a banking institution. This is up one-half of one percent from 2009 to 8.2% of all American households.

Credit Counseling and Credit Scores

According to recent statistics, nearly 135,000 Americans sought advice from a credit counseling agency in June 2012. That figure represents an increase of over a third from the same period a year earlier, underscoring the financial pressure faced by citizens across the country. Many Americans find themselves searching for answers in the wake of sudden job losses, illnesses, or family emergencies that can stunt household income.

What Are The Benefits Of A Second Home Loan Mortgage

The words “second mortgage” can conjure up thoughts of fear and desperation. This is because most people believe that you should only take out a second mortgage if you’re dead broke and you've decided to raid your biggest asset – your home. However, taking out a second mortgage is not necessarily a move of financial desperation. In fact, there are some situations where it might be better to take out a second mortgage than to get a personal loan or refinance your first mortgage.