Orlando, FL (PRWEB) December 20, 2012
In an effort to provide consumers nationwide with economic information and resources at state and local levels, KEL Credit Repair has recently launched a new, Local Credit and Economic section on it’s web site, http://www.kelcreditrepair.com. . The new section provides consumers with up-to-date information on economic trends such as, unemployment, industry, and lending, in hopes that it will help people prepare, make adjustments, and seek solutions to financial issues that may arise in a “Fiscal Cliff” economy. The page will bring local perspectives to those looking for news on changes in credit laws and regulations in their particular state and tips and information on debt management and credit repair, as well.
In light of the warning of an impending, “Fiscal Cliff”, which could potentially lower net incomes for millions of Americans, KEL Credit Repair’s development of a new, economic section, proves to be very timely. As changes in the national and local economies emerge, consumers need good, solid information that can be easily accessed. The new site page, http://www.kelcreditrepair.com/ld/ that will feature economic overviews, industry information, and credit legislation for 44 states and 14 U.S. cities is the latest addition to KEL Credit Repair’s expanding web site.
Though the national economy has seen some improvement over the past 12 months, there were still 58,000 foreclosures reported for the month of October, and 4600 bankruptcies per one million adults as of November 2012. With the country’s unemployment rate hovering somewhere near
7.7%, many consumers still struggle to pay mortgages and other creditors in a timely manner. When this happens, consumer credit scores decline, which makes borrowing even more difficult in a home lending environment that is already predicted to get tighter in the upcoming new year. According to Federal Reserve Chairman, Ben S. Bernanke and Shaun Donovon, Secretary of the U.S. Department of Housing and Urban Development have already expressed concern that banks are not allowing enough qualified borrowers to take advantage of interest rates driven to record lows.
Through the creation of the recently launched web page, KEL Credit Repair hopes to help consumers at both the state and local level gain new information and insight into economic conditions and solutions for credit restoration; in the shadow of the, “Fiscal Cliff”.