What To Do If You Are Refused A Personal Loan
It has become increasingly difficult for individuals to be accepted for personal loans or other form of credit, as banks, ... file from one of the three major credit rating agencies (details of which can be found ... and repair their credit record, giving them a better chance of success in three months time, when they re [more...]
Date: 2009-01-05 16:55:20
Blog posts
(100)
|
Videos
(26)
Monday morning links
TOP STORIES Fed, Treasury revamp AIG support - MarketWatch China Unveils Sweeping Plan for Economy - NY Times Fed Defies Transparency Aim in Refusal ... For U.S. Banks - Washington Post Why banks are boosting credit card interest rates - USA Today Bear Stearns ... a bigger boom imply a bigger bust? - CFR How Low, How Bad, How Long? - Hussman Funds Laying [more...]
Date: 2008-11-10 14:24:06
The Fed Should Buy Down Consumer Credit Card Rates - Fast
Lets say I owe the bank behind my credit card 1k dollars and Im paying 10pct interest because the best I can do is a little bit more than the ... that I have my credit card with and charge it 5pct plus some warrants to in turn loan that money back ... with to help save people’s homes, are many of the same banks that are pounding credit card holders [more...]
Date: 2008-10-24 23:38:36
Winners and Losers from Current Economic Situation.
In the current economic situation we have Low inflationLow PoundVery low interest ratesDeclining output / rising unemploymentWinners include: ... is not rising ( at moment). In theory people with credit card debts should benefit, but, in practise, banks have not passed rate cuts onto those paying credit card debts. Interest rates are still around 16-17 [more...]
Date: 2009-01-13 06:40:00
Identity Theft - A Growing Business
With the shopping season in full swing even though we are experiencing a difficult time across all industry sectors there is one business that is ... the theft of your very existence right down to banking details, credit cards and even your medical ... transfer rates, why not have one of our wonderful credit card pamphlets et al, all of which [more...]
Date: 2008-12-15 02:02:48
Nothing Comes Out of the G20 Meeting
G20 largely a non-event… Pound moves up… Brazil falls on sell off of emerging markets… Japan enters recession… And Now… Today’s Pfennig! ... thinking about the growing number of people who no longer have jobs to report to. And the problems ... capital standards and stronger risk management at banks, hedge funds, and credit rating firms. I agree [more...]
Date: 2008-11-17 16:06:26
“Its the economy stupid” - Part VIII
How did it all start. What was the root cause of the current financial turmoil? ... by banks) at 6.5%. By the end of 2002, the federal discount rate was 1%, with the prime rate for loans ... record — no employment, no credit rating and no stable income. The banks were doing that because [more...]
Date: 2008-10-14 01:19:40
Credit Crisis 101 - Re-Powering America by Getting Capital Investments Flowing Again
See Also Part 1, Part 2 This is the third part of a three part series on how the credit crisis started, where it has left us, ... with respect to Credit While inter-bank lending rates are finally starting to thaw following the central banks nearly $4trln liquidity injection over the past two weeks, the credit markets continue [more...]
Date: 2008-10-24 20:45:10
End of The Year Market Report for Charlottesville Region
Copyright RealCentralVA.com, LLC. If you are not reading this at RealCentralVA.com the site you see is likely stealing content ... ‘em … wait! yes he does , Auto Bailouts, Investment Banking Bailouts, Credit Card companies ... - - Interest rates are ridiculously low, and loans are absolutely still available. - It is a Buyer’ [more...]
Date: 2008-12-22 14:00:36
White-Knuckle Market Updates and Quotes (Updated)
The latest sightings: Money market rates doubled overnight: despite considerable central bank intervention: ... now. The downgrade of credit ratings is bad news ... yesterday after Lehman Brothers Holdings Inc. succumbed to mounting credit-market losses and filed [more...]
Date: 2008-09-16 12:30:23
Appraisal and Ratings Fraud Documented
From Mario Kenny — see comments posted to blog As we have stated repeatedly, the logistics were simple: (a) ... community-based orgarizations that promote access to basic banking services, including credit and savings ... NRSROs’), more commonly known as credit rating agencies (”CRAs”), substantially contributed [more...]
Date: 2008-12-01 15:58:17
Credit Markets Rule Central Banks Drool
Additional rate cuts? No reason to think that will repair the broken credit system and debt deflation discussed here and written about exhaustively by Peter Warburton in Debt and Delusion. Companies and individuals need credit at affordable prices. And Payback's a Bitch. Mandatory asset sales cause falling prices and falling collateral [more...]
Date: 2008-10-09 19:05:21
As The Market Collapses, Here Is What Is Going On.
So yesterday we saw a 500+ point drop in the market and todays chart looks like a see-saw. Exciting, no? No, not really ... Brothers Holdings Inc. and credit downgrades of American International Group Inc. led banks to hoard ... ) shares plummeted after the insurer’s credit ratings were cut, heightening concerns it might file [more...]
Date: 2008-09-16 16:39:22
Rewards Checking Accounts: Higher Interest Worth The Extra Trouble?
You may have seen some billboards or heard a radio ad around town for a local credit union offering a curiously high interest rate. 5% APY? 6%? ... , or similar. What’s up? Background It would seem that small local banks and credit unions are being squeezed ... BancVue came up with a different solution for all those small banks and credit unions who [more...]
Date: 2008-06-12 09:21:38
Do you want to go out and get a kitchen and need money
A bank in Lynchburg Virginia or so may have a total different actual rate of interest for a 17500 dollar deferred payment then a moneylender in ... or if you don’t with the bank that offers you a credit loan. ... of of the merchant banks wil show you a interest rate that looks mediocre but feels bad or so after a period [more...]
Date: 2008-12-02 20:41:43
Credit Crisis Safety Plays: Banking Ratings Report Can Provide Peace of Mind and Warn You if Your Bank is Weak
When federal banking regulators last week seized the Houston-based Franklin Bank SSB (FBTX), it became the 18th bank failure this year amid the ongoing credit crisis. With total assets ... all, aren’t deposits guaranteed by the Federal Deposit Insurance Corp. (FDIC)? And weren’t the limits [more...]
Date: 2008-11-14 16:07:43
Bad Credit? Have We Got a Mortage for You...
From Giovanni Diviacchi:My wife and I want to buy a house, but we found that the only mortgage that we were eligible for was a new product called a Late Payment Mortgage. It's for people with really bad credit. The bank gives you a lower interest rate if you let them begin foreclosure proceedings at the closing table.***Giovanni Diviacchi is a business analyst and stand-up comedian in Washington, D.C. [more...]
Date: 2009-06-13 10:00:00
Tuesday morning links
TOP STORIES Fed moves to buy commercial paper to ease market strain - MarketWatch Australia Slashes Rates, Central Banks Inject Cash - Bloomberg Speculation mounts over global rate cuts - MarketWatch Paulson turns to Goldman to unclog credit markets - AP Fed Sets Floor Below Rate Target, Engineering [more...]
Date: 2008-10-07 12:38:00
Fed Funds Rate Drop Update: Locking In Higher Bank Yields Now
Given the recent drop in the Fed Funds rate to nearly zero, bank have been adjusting their interest rates accordingly ... , and/or if you are willing to give up the liquidity. Liquid Savings Accounts DollarSavingsDirect remains ... ) Certificates of Deposit Pentagon Federal Credit Union is offering 3-year, 4-year, and 5-year CDs at 4.75 [more...]
Date: 2008-12-22 12:32:43
Fed decided to Institute Curbs On Issuers of Credit Cards
On Tuesday rules have been proposed by the Federal Reserve to end banks’ ability to apply credit card payments to balances having lowest interest rates first, implementing legislation Congress passed in May. The Fed also proposed that before charging fees for transactions that exceed credit limits creditors obtain consumers’ consent. The Fed said in a statement that restrictions on lending to people under the age of 21 and subprime credit card fees were also included. [more...]
Date: 2009-09-30 12:56:49
Bad Credit Doesn’t Mean No Credit
by Chris A Smith Just because you need help with your credit report does not mean you are automatically excluded from getting a new line of credit. Each lending institution, be it a credit card company or a bank, has it’s on rules regarding the granting of credit and often times these can vary greatly from institution to institution. Usually, the company offering the best rates and terms is more conservative than others and will consider the entire credit history of an applicant. [more...]
Date: 2009-06-08 12:30:05
Banks? Credit Quality Expected to Worsen
Kerry E. Grace reports: Although government support has buoyed U.S. banks, the industry will likely experience overall credit quality deterioration at least through this year, according to a report published Tuesday by Standard & Poor’s Ratings Services. S&P [more...]
Date: 2009-01-06 09:09:00
How To Reduce Your Credit Card’s Rate of Interest
by Jenni Snook Nowadays, most of us possess at least 1 credit card ... that you get yourself a credit card from a large provider such as Mastercard and Visa. Depending on which bank ... of this is on credit cards. Owning a credit card has become much easier than in previous years [more...]
Date: 2008-12-05 18:57:26
Posts about Mortgage Market Report as of January 14, 2009
Flagstar Bank 12 to 14 month Promo CD Rate - monitorbankrates ... Bank $100 Checking Offer Roth IRA vs Tradtional IRA CD Ladder Calculator Imperial Capital Bank’ ... Online Banking Getting a Copy of Your Credit Report Islamabad An overview of housing in Pakistan [more...]
Date: 2009-01-14 12:23:49
What Are Some of the Causes of Bad Credit?
There are a number of factors that can give you a bad credit rating and make getting financing of any kind difficult, or at the least, more expensive. The lower your credit score, the more likely a bank or other finance company is to charge you higher rates of interest if they are willing to ... [more...]
Date: 2008-12-08 19:00:16
links for 2008-10-14
No Time to Waste . . . - The Big Picture Death rate 70 percent lower at top-rated hospitals - EurekAlert Wall Street's Nine Banking Families Fail ... Credit Default Swap fault-lines: Lessons from 2005 GM, Ford crisis - Vox EU Preserving Forests ... How to Repair What Ails Us - The Big Picture Why don’t we trust a stranger? Ties that bind - Vox EU [more...]
Date: 2008-10-14 07:06:00
How the Fed's cut will filter down to borrowers, savers
After the Federal Reserve’s latest half-point interest rate cut on Wednesday (to 1% for its benchmark rate) ... and small-business loans: Because banks typically lower their prime lending rates in tandem with Fed rate reductions, many floating-rate loans pegged to the prime -- such as home-equity credit lines [more...]
Date: 2008-10-30 05:00:31
Did You See What God Just Did To Us, Man?
Evangelical Christianity’s prosperity gospel is indicted for ints contribution to our current economic troubles: ... who got dicey mortgages to believe “God caused the bank to ignore my credit score and blessed ... to Wachovia and get a loan,’ but I have heard, ‘Even if you have a poor credit rating, God can still [more...]
Date: 2008-10-13 12:22:42
Credit freeze: It’s still on
NEW YORK (CNNMoney.com) — Credit markets remained choked after an emergency rate-cutting effort by six central banks offered some much-needed relief but was viewed as just one step toward fixing a massive problem. “It was probably necessary but not sufficient to break the logjam,” said Doug Roberts, chief investment strategist [more...]
Date: 2008-10-08 16:58:50
Automobile Loans After Bankruptcy
by Thulas Sukati Although some people have enough money to buy a car from savings, ... to be fixed as a bad credit or any error may affect your rate and you may have to pay more interest ... loans like dealers, credit union, bank, or online lender and it is better to shop around first before [more...]
Date: 2008-09-25 21:14:49
Rates cut, markets fearful
CENTRAL banks around the world cut interest rates in unison on Wednesday but the unprecedented move failed to help battered stocks, thaw credit markets or temper forecasts for a sharp global economic downturn. US stocks closed ... said negotiations to secure a 4 billion euro (S$8 billion) loan from Russia would begin next Tuesday [more...]
Date: 2008-10-09 05:01:25
UAE fixed deposits pay 6-6.6%
Order my book online from this link Hunting around the world for a safe investment option is pretty fruitless these days with interest rates ... . Hence banks are paying higher interest rates to attract deposits and will then loan this money ... a healthy accommodation of a downturn in the business cycle. The UAE credit squeeze will downsize [more...]
Date: 2009-01-08 05:39:52
Sun Jewelry
Ratings For This Site Rating: ★★★★½ About This Site Sun Jewelry is committed to providing you, our valued clients, ... the non-refundable credit card fees that banks impose on us for credit card processing ... do not warranty against such a loss. * Sun Jewelry will repair the items if: 1. Metal cracks under normal [more...]
Date: 2008-12-31 07:27:42
Investors rush back to T-bills as credit markets worsen
There’s a big disconnect between the stock market and the credit markets today. The former is calm, while the latter is in another panic. Rates bank charge each other for short-term loans are soaring again, a sign that credit ... has made to pump cash into the banking system over the last week. Meanwhile, spooked investors [more...]
Date: 2008-09-24 19:32:31
Bailed-Out Banks Stiff Credit Card Customers
Since bailouts are so timely today, Bloomberg weighs in to point out that banks that have been recipients of government bailout money are reacting ... is it that my credit-card loan got pulled? Why am I being charged a higher rate?’” Wonder if Southern ... by charging higher fees on credit cards for consumers. Apparently, they’re trying to get ahead [more...]
Date: 2008-12-19 15:01:55
The Warning Signs Were There
Everyone knew that this was a possibility, but everyone - Democrats and Republicans - went along with the idea, ... those banks to extend home mortgages to individuals whose credit is generally not good enough ... more loans to so-called subprime borrowers. These borrowers whose incomes, credit ratings and savings [more...]
Date: 2008-09-26 12:45:00
Supportive Finance in the Form of Cheap Bank Loans
by katie George Almost every human being is played by a specific syndrome - The need syndrome ... approval of a loan. Though you may have a very good credit rating or in adverse terms your credit ... and automotive financing do not require collateral as the purchased item serves to guarantee the loan [more...]
Date: 2009-01-04 22:20:17
Vanguard Short-Term Bond Index (BSV) Is a Great Safe Haven
Wall Street is in deep, deep hole. Lehman Brothers (NYSE:LEH) is in Chapter 11 and AIG (NSYE:AIG), the biggest insurers in the country, is not far behind. It needs a loan of $75 billion to stay alive. Meanwhile, the country's biggest savings and loan bank WaMu (NYSE:WM) has a junk credit rating [more...]
Date: 2008-09-16 20:44:28
What You Need to Know About Refinancing
by Mary Bush Refinance loans allow you to take an old loan or several old loans, and redo your deal ... . It is the easiest way out of a foreclosure, but with bad credit, interest rates will be high. The current ... . In today’s economy, some banks are refinancing mortgages so that distressed homeowners can better [more...]
Date: 2008-12-19 19:08:13
What You Need to Know About Refinancing
by Mary Bush Refinance loans allow you to take an old loan or several old loans, and redo your deal ... . It is the easiest way out of a foreclosure, but with bad credit, interest rates will be high. The current ... . In today’s economy, some banks are refinancing mortgages so that distressed homeowners can better [more...]
Date: 2009-01-06 17:05:01
Banks Hoard Cash; Credit Card Bond Sales at Zero
Although LIBOR Plunged For 17 Consecutive Days it is not a sign of a huge increase in willingness to lend ... bank loans, compared with an average of 22 basis points in the five years before the global credit ... rate, or Libor, for three- month loans fell to 2.51 percent today, from 4.82 percent on Oct. 10 [more...]
Date: 2008-11-06 02:26:00
The Rule the Banks Don’t Want You To Know
King Solomon once said that there’s nothing new under the sun. How appropriate that the wisest man in the Bible ( ... and credit card companies instead of making it work for them. The average credit card rate is currently at 13.54% (Source: Credit Cards.com, 2008) and Americans are averaging $16,635 in debt, excluding [more...]
Date: 2008-09-29 18:00:27
Are you willing to go out and purchase a motorbike and want 5000 euro
The Dutch translation says: Woon je in Ridderkerk of Bloemendaal en heb je BKR. Lenen met een BKR notering is nergens zo eenvoudig ... dollar loan then a bank in Fitchburg Massachusetts and that makes a big clear gap in your monthly pay ... out if you can have a credit loan at a proficient percent rate. Many of the merchant banks wil show you a interest [more...]
Date: 2009-01-17 11:11:59
What A Deregulated Health Care Market Would Look Like
Conservative health care reformers love to bash state regulations ... ? Look no further than credit card companies. In 1978, the U.S. Supreme Court ruled that banks could ... , not the interest rate of the states in which they do business. Credit card businesses quickly set up shop [more...]
Date: 2008-10-09 15:21:35
Thinking for a used car loan is a right idea to save more and pay off your debt quickly
More and more people are searching for auto loans for bad credit . With household debt being at an all-time high, credit ratings keep dropping. Just a few years ago, individuals with low scores found it nearly impossible to be accepted for a car loans. Today, things have changed. Banks and lenders have realized that with the increasing debt, opportunities do exist to not only help consumers get a guaranteed car loan , but to help them rebuild their financial reputation once again. [more...]
Date: 2009-08-26 13:25:27
Bonita Springs Florida Monday Mortgage Report 04-27-2009
Mortgage Rates Hit 5 Year High This week it is projected that mortgage rates will reach a 5 year record high. Thanks to declining markets, credit lending guidelines tightening down, banks going out of business or merging to avoid bankruptcy, and many other economic factors, potential homeowners will now be facing an even more difficult time in trying to qualify for a new home due to the sharp an sudden increase in mortgage loan interest rates. [more...]
Date: 2009-04-27 13:42:00
ARM TWISTING NOT UNDERWRITING
I'm not surprised politicians are exasperated with the banks' apparent reluctance to lend money to consumers and businesses at “reasonable” rates ... for irresponsible lending in "bad times". As the UK economy expanded through the 90s and 00s, financing ... the green light to the banks to dish out money to bad credit risks; if all turns out OK, the bank [more...]
Date: 2009-01-14 22:23:00
Friday morning links
TOP STORIES Credit expenses lead to $2.3 billion loss for Fannie - MarketWatch 2 Banks Buying Back $17 billion in Securities - NY Times Governments cause the credit crisis, but capitalism gets the blame - Telegraph 8 who saw the crisis coming ... Consumer credit jumps at fastest rate in 7 months - MarketWatch HOUSING Foreclosure refugees skipping [more...]
Date: 2008-08-08 13:38:00
Are you willing to go out and buy a new whirlpool and postulate 5000 dollar
At this present you can suss out rates of interest quickly online and understand if there are possible traps you should know about ... for a 25000 dollar credit loan then a merchant bank in Little Rock Arkansas and that makes a large clear ... . Check up to see if the bank who is willing to give you a credit loan is serious. Share This [more...]
Date: 2008-12-19 16:32:25
Breaking News: Washington Mutual to be Acquired by JPMorgan Chase (Update1)
Update1: From USA Today… JPMorgan Chase (JPM) acquired the banking operations of Washington Mutual, (WM) ... Credit Card? » WaMu Increases Online Savings Interest Rate » Cancelling John Hancock Life ... . This makes me wonder if the government might not be picking up some of WaMu’s bad debt to sweeten [more...]
Date: 2008-09-26 01:10:10
1 -
50
of
100
Posts
Page:
First
| <
Preceding
|
Next
>
0
|
1
