25 Banks and Savings & Loans Closed Up

From the desk of Steven A Williams - The Real Debt Solution,

Hard economic times are not over. As of Sept. 3, 2008 over 25 banksand savings and loans have failed. They have all been taken overby the Non-govermental private Federal Reserve.

As of right now!!!! There are over 25,000,000 people with what'scalled Pay-Option-Arm-Loans. These are loans that give you an option to pay a minimum payment, interest only payment or a full payment.

The problem is that most of the people with these types of loans couldn't really afford the real Principle and Interest payment.So they made the Minimum payment. Which didn't even cover the minimum interest payment of the loan.

In essence they were going deeper into debt every month. My bankcontacts have told me that some of these loans will adjust soonand they expect people to just walk away from their homes and thatthey are already doing it in California, Florida, Texas, Nevada,and New York!

My sources tell me that some of the payments of the families thathave this type of loan will go from $2,500 a month to $5,000 or more per month. NO JOKE!!!!

My advice to you and anyone that is in debt is to get out of debtor hold very little debt. Not more than 10% to 15% of your grossincome.

No credit card debt and no automobile debt.

For more times please email me or visit my website at:http://www.therealdebtsolution.com