Blog Archive: June 2008

Welcome to Ilyce Glink's blog! Here you'll find Ilyce's latest insights on personal finance advice, real estate advice and consumer issues. Come back often for timely and interesting posts on a wide variety of topics.

Happy Father's Day From The Ilyce Glink Show

Added June 15, 2008 by Ilyce Glink

Today on the show, I told a story about how my father helped teach me about the value of integrity.

When I was growing up, my father (a municipal attorney in the Chicago metro area) used to buy a new car every few years from a car dealer located in one of the municipalities he represented. When I got…

Topics: mortgage, taxes, automobile, fannie mae

Beware Of Those Who Promise To Save Your Home From Foreclosure

Added June 13, 2008 by Melanie G. Rogers

The Department of Justice today announced that eight people were indicted for $35 million of mortgage fraud in Maryland.

You can likely find their names on other sites. I won't list them out here. What's more important is to understand what they allegedly did so that if you're facing foreclosure you…

Topics: mortgage loan, foreclosure, credit, homeowners, mortgage fraud, BBB, credit counseling, consumer complaint

More Dads Raise Children On Their Own

Added June 12, 2008 by Melanie G. Rogers

In 2006, 2.5 million dads raised kids by themselves. In 1970, there were 400,000 single dads. Of all single parents today, 19 percent of them are dads.

Forty-two percent of dads are divorced; 38 percent have never been married; 16 percent are separated and 4 percent are widowed.

America has 26.5…

Topics: marriage

Gas Surpasses Clothes In Teen Credit Card Expenses

Added June 11, 2008 by Melanie G. Rogers

Apparently getting somewhere is becoming more important than looking cool.

Teens spend more money on gas than they do on clothes when they use their credit cards, according to a poll from Junior Achievement and the Allstate Foundation.

Nearly 70 percent of teens use credit cards to buy gas, up from 52…

Topics: credit card debt, credit cards, expenses