Inflation is now at forty-year highs.  Costs of everything, most importantly necessities, are soaring.  As you would expect, this is causing many Americans to turn to credit card usage to pay for  essential monthly expenses such as fuel, utilities, and food.  

This article about the affects of high inflation and interest rates does a good job of explaining the impact of the damaging inflation and interest rate increases; especially how it will hurt borrowers with significant credit card debt. 

If you find yourself over extended on credit cards, payday loans, or other debts, it may be time to consult with me to discuss your financial options.  Inflation appears to only be worsening.  Please feel free to contact me for your free consultation.  My cell is 214-288-1917.   

HUGE CHANGE for Buy Now, Pay Later

Posted by Len NaryJun 27, 20250 Comments

Big change coming: Starting this fall, Buy Now, Pay Later loans—like Affirm, Klarna, and Afterpay—will now impact your credit score. While on-time payments may help build credit, missed payments or stacking multiple loans can quickly hurt your score. With late payment rates rising, this could sil...

U.S. Credit Card Defaults Have Surged

Posted by Len NaryJun 02, 20250 Comments

U.S. credit card defaults have surged to their highest level in 14 years, signaling growing financial strain among consumers. This trend may lead to an uptick in bankruptcy filings as more individuals fall behind on unsecured debt payments.https://www.foxbusiness.com/economy/us-credit-card-defaul...

Recession Fears Forecasted

Posted by Len NaryMay 27, 20250 Comments

A recent survey reveals that 63% of loan officers believe the United States is on the brink of — or already in — a recession. https://nationalmortgageprofessional.com/news/lenders-prep-recession-deals-collapse-and-buyers-stall

Increase in Dallas Foreclosures

Posted by Len NaryMay 12, 20250 Comments

https://nationalmortgageprofessional.com/news/us-foreclosure-activity-rise Foreclosure activity in the U.S. rose in early 2025, with Dallas seeing a notable increase in new filings. The spike reflects growing financial strain as pandemic-era relief ends.

"Are We in a Recession Yet?"

Posted by Len NaryMar 09, 20230 Comments

Just read an interesting article I found in Forbes Advisor written by a fellow Texan.  Very insightfully tracks the various economic indicators that impact the health of the American economy.   While there are some positive signs, as expected there are also some areas (like housing) that are not ...