debtconsolidationconnection.com
501 (c)(3) non-profit Organization
Free Consultation
Foreclosures down, although people still in debt trouble may try consumer credit counseling
By Marvin Milner on May 15th, 2010
Some consumers across the country may be finding it less difficult to manage their bills, as April's foreclosure rate declined, a foreclosure website reported.
The figures from RealtyTrac showed the number of foreclosure filings fell 9 percent when compared to March and dropped 2 percent when held up to number seen in April 2009. In all, 333,837 more homes in the country faced a problem with foreclosure.
"One in every 387 U.S. housing units received a foreclosure filing during the month," RealtyTrac said.
The report showed that default notices were down 12 percent from levels seen in March. Foreclosure auctions fell 13 percent as well, though the number of bank repossessions increased 1 percent.
Although foreclosure filings declined, there were still consumers who were facing problems paying their debts and faced the prospect of losing their homes. However, these people may consider going to a consumer credit counseling service, which can help them manage their finances.
One way these companies can do so is by analyzing a person's income and setting up a budget that will keep them within their means.
More Consumer Credit Counseling News
