Interest Only and Credit Card Debt

by Mary Bush Well, here is an example of the system that isn’t functioning as intended: a mortgage loan that encourages paying off one debt, ... as if to say, ‘You mean you can’t pay?’ What do these loan and credit companies think they’re going ... product, let’s give the bad credit crowd a chance to make an even worse decision, and finance a home [more...]

Date: 2009-01-01 10:19:52

Blog posts (20) | Videos (9)
 

Interest Only and Credit Card Debt

by Mary Bush Well, here is an example of the system that isn’t functioning as intended: a mortgage loan that encourages paying off one debt, ... as if to say, ‘You mean you can’t pay?’ What do these loan and credit companies think they’re going ... product, let’s give the bad credit crowd a chance to make an even worse decision, and finance a home [more...]

Date: 2009-01-06 08:22:54

Interest Only and Credit Card Debt

by Mary Bush Well, here is an example of the system that isn’t functioning as intended: a mortgage loan that encourages paying off one debt, ... as if to say, ‘You mean you can’t pay?’ What do these loan and credit companies think they’re going ... product, let’s give the bad credit crowd a chance to make an even worse decision, and finance a home [more...]

Date: 2009-01-05 15:03:54

How to Use 0% Interest Credit Cards

If you're credit is strong enough to garner the attention of credit card companies offering 0% introductory interest rates, then you surely have the discipline Huntsville Alabama car loans financing with bad credit mortgage home loans, real estate auto insurance, web design. Huntsville schools festivals business events [more...]

Date: 2008-12-23 12:45:37

Taking Home Mortgage Loans

by John Bear If you are looking to refinance your current mortgage, there are several options available for you ... refinancing would involve taking a new mortgage, mortgage companies require you to present various ... that an applicant wouldn’t just do anything bad to tarnish their perfect credit report. So they approve a no doc [more...]

Date: 2009-01-02 16:59:45

Bad Mortgages Are Just The Beginning

credit card health Yesterday I talked a bit about how, through the bailout bill, ... be looking at credit card companies such as American Express following suit. I thought ... . Americans have almost $2.6 trillion in consumer credit outstanding, according to the Federal Reserve [more...]

Date: 2008-10-16 17:29:00

Fourth-Quarter Earnings: How Bad? - Investors are expecting something abysmal. Could earnings that are merely bad spark a rally?

We have been in an overly optimistic mode since Obama was elected, and this has been global ... economy, the financial sector. We have yet to hear from commercial mortgages and credit card defaults ... on individual company good news, but don’t fall on systemic bad news. Government bailouts go to banks [more...]

Date: 2009-01-06 15:58:53

Will A Big Three Bailout Work?

General Motors has more bad news: GM said that the troubled mortgage industry and frozen credit markets have raised doubts that the mortgage ... meet capital requirements, frees up lending and the banks can make a profit. Auto companies are not similar. Unless the auto companies can build and sell a car or truck at a gross profit (a profit [more...]

Date: 2008-11-10 22:27:53

Meltdown far from over, new mortgage crisis looms

from the Associated Press: Black Friday’s retail shoppers hunting for holiday bargains won’t be enough to stave off what’s likely to become the next ... Ratings Ltd., which evaluates companies’ credit. “We’re probably in the first inning ... . That’s bad news for more than just property owners. When businesses go dark, employees lose jobs [more...]

Date: 2008-11-28 16:17:23

On the Road to Home Re-fi

So, we finally decided to start the process of refinancing our home. I thought we'd try our current mortgage company first. First off, let me say that I've had three years of bad customer service from this company ... we got was one of the lower ones for our credit rating. I only did a little research on closing [more...]

Date: 2009-01-06 13:39:00

Concerns Of Home Buyers

by James Weekson There are many who want to purchase a home, but are scared after hearing all of the talk about how nobody is lending money and for people with a bad credit rating that of course means there is no way of obtaining a mortgage. First of all, there will always be a company around that will lend money and even though high end banks often restrict the amount lent out and to whom they lend money to, there are always other options available. [more...]

Date: 2009-09-27 17:36:13

Concerns Of Many Home Buyers

by James Weekson There are many who want to purchase a home, but are scared after hearing all of the talk about how nobody is lending money and for people with a bad credit rating that of course means there is no way of obtaining a mortgage. First of all, there will always be a company around that will lend money and even though high end banks often restrict the amount lent out and to whom they lend money to, there are always other options available. [more...]

Date: 2009-09-28 07:45:51

Save My House

Save My House There is an attorney-based loss mitigation company with over 20-years of in-depth experience with foreclosure laws ... hardship that makes paying their mortgage impossible We can even help homeowners who have: Bad credit ... Every reason that disqualified a borrower for a refinance qualifies them for a loan modification [more...]

Date: 2009-01-15 13:55:19

Malls are next to face foreclosure

{ December 4, 2008 @ 2:38 pm } · { Economy } { Tags: economics, Economy, finance, malls, mortgage, recession } ... , and the bad news is trickling in. Malls from Michigan to Georgia are entering foreclosure. Hotels in Tucson ... year, according to analysts from Fitch Ratings Ltd., which evaluates companies’ credit. “We’re [more...]

Date: 2008-12-04 18:38:28

Commercial Mortgage Meltdown Has Just Begun (Update)

According to the AP, there is another mortgage crisis looming ... year, according to analysts from Fitch Ratings Ltd., which evaluates companies’ credit. “We’re ... with Herrick Feinstein in New Jersey. That’s bad news for more than just property owners [more...]

Date: 2008-11-30 04:27:00

With Things So Bad In The Economy…

…why is this happening: You know what I got in the mail yesterday? An offer from my credit card company, for a $50,000 unsecured personal loan. Did you catch that? Unsecured. That amount of money would require me to make the equivalent of another mortgage payment to repay them. That offer came as a result of our credit rating, and we would [more...]

Date: 2008-09-30 15:47:13

JPMorgan profit drops 76 percent

JPMorgan Chase & Co. said that its profit fell 76 percent as rising defaults. The company said in a statement that the year-old U.S ... More consumers are paying late on their credit cards and mortgages, forcing banks to increase reserves, the statement said. JPMorgan has almost tripled its provisions for bad debt in the past year. Fourth [more...]

Date: 2009-01-15 14:23:57

Credit Default Swaps and Moral Hazard

In the insurance business, "moral hazard" is famously a problem ... mortgage business) could be either bad or good for the economy, in that it could send signals ... when an Insurance Company had imprudently set up shop in the city."Help me out here if I'm wrong, but don't credit [more...]

Date: 2009-01-02 02:12:00

Citi to hive off India arms after global split

Citi Financial, one of the largest finance companies operating in India, may sport the ‘For Sale’ sign, ... or bad loan ratio in India for its credit card and consumer banking business in India rose to 6.3 ... loss of $8.29 billion. Citi Financial, whose businesses in India span mortgages, personal loans [more...]

Date: 2009-01-17 05:43:13

Health Insurance Plans qualify Coverage

People always delayed and denied their rights to have health insurance, whereas this is important for our life ... York Auto Insurance Premiums Information (0) January 15, 2009 — Bad Credit Loan Mortgage Foreclosure ... company). You can also rise up after the bad illness moment. If you need more information before [more...]

Date: 2009-01-15 08:32:16

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