In an extremely worrying sign for the U.S. residents, foreclosure percentage rates have persisted to rise in 2010. With respect to a new report from RealtyTrac, foreclosure case filings increased in 75% of the nation’s larger metro areas during the first half of 2010. At a time when the Obama administration is convinced that we are “turning the corner”, the foreclosure situation and our economy seem to be getting much worse.

A few sections of the country continue to be complete and total disaster areas when it comes to real estate. For example, families in Florida are absolutely destroyed if they are attempting to sell a home right now, since 9 of the top 20 most unfortunate markets for foreclosure right now are somewhere in the state of Florida.

But the big news here is that there has been a change in the key cause of foreclosure. Back in 2007 and 2008, specialists convey to us that many foreclosures were due to preditory lending procedures and undesirable mortgages. Individuals were being suckered into mortgages that they couldn’t afford with “introductory rates” or with installments that would significantly increase after a year or two. When those loans become variable, the consumers could no longer make the payments. But at this point unemployment is thought to be the key explanation for foreclosures. Millions of Americans have been unemployed during the recent economic downturn and quite a few of them are being foreclosed on because of it. But what ever the cause, one thing remains unchanged, foreclosure rates have continued to grow at incredible rates!

For those people who believe that the economy is supposed to be “improving”, it must seem really odd that foreclosure rates in major cities such as Chicago and Las Vegas continue to soar. Our sources claim that foreclosure filings in Chicago have increased 23 percent year-over-year to one out of every 48 households and Las Vegas is even worse! Cities all over the country are seeing the same problem, with unemployment sited as the leading cause..

Unemployment is becoming such a problem, because the American worker is becoming obsolete. In fact, owning a business in America is becoming obsolete. After all, why pay an American ten times as much to do the same job and why pay the government such high taxes, when other countries will welcome you and cut the taxes in half. Why should corporations pay such high taxes to compensate for such a poorly run government? In addition, big corporations don’t really need the headache of making employer contributions to Social Security, setting up benefit packages and pension plans or of trying to comply with the thousands upon thousands of ridiculous regulations that the U.S. government continues to spew out.

At this point, the American worker has become extremely unattractive for large corporations, which means jobs will continue to migrate to other areas of the world. We allowed our politicians to merge us into a “global economy”, so now we are all going to have to deal with being part of a “global workforce”. As jobs continue to be off-shored and outsourced, more Americans are going to become unemployed and the foreclosure crisis is going to continue to be a nightmare.

What is the morel of this story? In short, we’re all screwed! The government has done absolutely nothing to improve the foreclosure situation and, in fact, they have made it worse. By spending billions of worthless dollars on meaningless solutions, they will only try and raise taxes to recover losses, which will cause more companies to outsource jobs and move their business out of the country.

As long as we empower a corrupt government, we will continue to have these same problems and eventually our only option will be to move to other countries where living is more affordable and jobs are abundant.

It is a well known fact that whatever you do gets recorded in your credit report. It is important to review your credit report from time to time to check for any errors. You may have come across numerous advertisements put up by companies that beckon you to take their assistance in getting your credit repaired. But what the credit repairing firms do for you, you can it on your own.

An important aspect that you should keep in mind is that no one can legally remove inaccurate information from your credit report. In case you come across any such irregularities, you can dispute the correctness of the information entered in the credit report or ask for an investigation.

On reinvestigation if it is found that there are errors, you can ask for the corrected credit report from the credit bureau after the inaccurate information is corrected. You can also send the corrected copy of your credit report to anyone who has received the erroneous credit report in the last 6 months. Once you get your credit report corrected, it is time for you to stabilize your credit rating or improve it.

There are different ways in which you can to do away with your unpaid credit card debt. You can take the following measures for the same –

• If you have multiple unpaid credit card bills to wrap up, you can consolidate all of them into a single account. This can be done by negotiating with your creditors. You can approach them and request for reduced interest rate and lower monthly payments.

• The debt accounts that have higher rate of interest can be addressed first. By doing so, you will get rid of your unpaid credit card debts sooner. If you are finding it difficult to pay debts with higher interest rate first, try to address debts that have lower outstanding balance and then proceed in ascending order.

• Use plastic money less. Use cash wherever possible. This will also control your impulsiveness to use credit cards.

• Budget your finances.

Once you repair your credit on your own, try to maintain the same. This is because having a good credit rating has its own advantages. In order to enjoy the different financial benefits, it is essential that you have a healthy credit score and strive to keep it consistent.