Melanie_Alnwick's Blog

Whew! What an incredible day we had yesterday with Fox 5's Credit Survival Guide.   We had panels of experts here in studio and online, throughout the day taking your questions about credit.   The response was overwhelming, and I think it really highlighted how difficult it is for people to navigate the complicated credit world, and just how many people are in tough financial situations these days. 

A lot of people called to get information about how to check their credit scores and dispute errors.   Did you know that 1 in 4 people have "serious" errors on their credit reports that negatively impact their credit?    There were some really heartbreaking situations, too.  Families about to their homes because the payments had spiked so high -- unable to sell as they had planned when those ARMs looked like a great idea... because the home value has fallen.    Moms and dads on the brink of bankruptcy, because their child has a serious medical condition and they've maxed out their health insurance benefits.  Retirees on fixed incomes, using credit cards to make up for the high cost of living right now.... and students, just starting out into the working world... awash in debt.    

So what's your financial picture these days?   Do you think Congress should pass the Housing bill to mitigate the ripple effects from all these foreclosures?   And finally, if you called or logged in yesterday, did you get the help you were seeking?