My Brother’s Nasty Bank of America Experience

Make a couple of late payments and Bank of America will jack your interest rate up to 29.99%! ... of America credit card so I pulled up a statement online and come to find out it was 29.99%. I had seen online about how you can call your credit card company and tell them that you have offers [more...]

Date: 2008-09-05 01:47:49

Blog posts (100) | Videos (26)
 

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. [more...]

Date: 2008-12-22 05:11:34

Fixing Your Messed Up Finances this 2009

If you enjoyed the holidays as much as everyone else, then like them, ... -up budget. List all payables. How much credit card debt do you have? Get all your receipts ... your credit card statements so you can see if your bank is increasing its rates. Explore ways on how [more...]

Date: 2009-01-07 10:18:05

Unemployed to reach postwar high: OECD

Well, you’re going to be unemployed for years, but the biggest banks are making record profits, so the economy is doing fine, just a little slow, or so we’re told. Recent: US credit shrinks at Great Depression rate prompting fears of double-dip recession | Nassim Taleb on the economy: ‘We still have the same disease’ | Flaherty sees deficit, debt, and timetable to return to surplus all expanding | Investors dump money market funds | Scotiabank: Global economy set to recover, China and [more...]

Date: 2009-09-16 11:31:21

Car Loans

Like all sophisticates, ... a great job of detailing how the car loan business looked amidst the general credit madness: Here’ ... the financing, often because they advertise lower rates than banks. That’s when the scam starts. Many car [more...]

Date: 2008-12-22 18:56:16

Gates of Vienna News Feed 9/29/2008

USABankruptcy of US Banks: Can Islamic Banking Help?Bosnian Immigrants Build Des Moines MosqueDear Hank: Here’s How to End the Credit Crisis at No Cost ... to be strict about credit rating system to restrain chances of any further bankruptcy.Interestingly, since [more...]

Date: 2008-09-30 00:56:00

Triple B Coming to NYC

Chase%20-%20Wamu%20Overlap.jpg Don’t worry, the credit rating of the City of New York has not fallen to one rung above junk ... . Capital One the credit card company figured out deposit gathering was a good low cost source of funds for its credit card lending and snapped up North Fork. The sleepy older banks like Chase who were losing [more...]

Date: 2008-10-01 21:40:02

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

Eliminating Debt in 5 Easy Steps

by John Major It is unfortunate that in today’s economy, debt rules all. From the deepest spots of our wallets, we have charged ourselves to the point of no return. The commercials and ads promising a better car, newer home and more of this and that are all based on lines of credit and bank loans. Our children have been raised in this economy where paying for something means a monthly payment and a low or high interest rate; this is why debt elimination is needed. [more...]

Date: 2009-09-24 11:39:25

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

The U.S. Dollar: A Federal Reserve Thingy

by The Mogambo Guru The front of a recent issue of Barron's asks, "Are Treasury Bonds Safe? ... , "This means that anybody who is buying any debt - when the central banks of the world are creating more and more money and credit at such astronomical rates - is a real moron, or lunatic, or both [more...]

Date: 2009-01-07 21:29:29

Some Useful Tips on Securing A Good Value Personal Loan

by katie George Be sure to ask for quotes not only from your current bank or any other nearby, but also from other finance companies, ... to find convenient low-rated unsecured or bad credit loans, the chances of that are very small ... your credit history is, it may be very difficult to find unsecured loans, as most lenders will impose [more...]

Date: 2009-01-03 10:38:27

Some Useful Tips on Securing A Good Value Personal Loan

by katie George Be sure to ask for quotes not only from your current bank or any other nearby, but also from other finance companies, ... to find convenient low-rated unsecured or bad credit loans, the chances of that are very small ... your credit history is, it may be very difficult to find unsecured loans, as most lenders will impose [more...]

Date: 2009-01-04 11:46:48

Credit Crunch Roundup — November 6, 2008

Items of Interest:CNNMoney:UK, Europe central banks cut key rates -- In response to the global economy, ... refinancing operations of the Eurosystem by one half percentage point, to 3.25%...----BBC News:UK House ... , and we are by no means out of the woods yet in terms of the credit crisis.----CNNMoney:GM Executive [more...]

Date: 2008-11-06 13:42:00

Today's Cartoon: Taking The High Road

According to Rasmussen Reports,a poll conducted on July 1, 2008 shows that Congress now has an all-time low favorable approval rating of 9%! ... for months to create a software "patch" released on Tuesday to repair the problem, which is in the way ... of businesses such as bank or credit card companies to trick them into disclosing account numbers [more...]

Date: 2008-07-09 21:49:43

Foreclosure How To Buy The good And Bad

by Steven McCarthy When most people think of Foreclosure how to buy Bank Pre Foreclosures, they think of stories we have all heard, ... of a ruined credit rating are grateful when an ethical foreclosure investor approaches them ... owner has the opportunity to sell their property before a foreclosure can damage their credit [more...]

Date: 2008-07-30 16:08:21

Add Your Comment:

« PreviousA bolder approach to credit-rating agency reform Next »Let the Great Rebalancing Begin The Fed's Wall Street pay fix Posted by Justin FoxFriday, September 18, 2009 at 4:02 pm 11 Comments • Trackback (9) • Related Topics:Wall Street, banks, executive pay, regulation I was a little nonplussed this morning when I read the not-very-shocking WSJ article that came with the shocking headline, "Bankers Face Sweeping Curbs on Pay." In the pre-Murdoch era that would have been a 600-word [more...]

Date: 2009-09-18 20:02:27

Reality Check - TIPS, TED, and VIX

TED spread is the interest rate difference between three month futures contracts for LIBOR ( ... . It is a measure of credit risk in the money markets which represents the fear in the banking system. The latest ... , and reflects higher borrowing cost for banks. During the height of the credit squeeze in October-November 2008 [more...]

Date: 2009-01-17 23:54:00

Chinese banks facing risks from bad loans

China’s lenders may have evaded the worst of the global credit crisis so far, but they are facing plenty of risks of their own, economists with credit agency Fitch Ratings said Friday. A larger-than-expected downturn ... , which have boosted lending at the government’s behest, will see an increase in problem loans, said [more...]

Date: 2009-01-16 09:39:30

Bad Medicine

By James Grant Sunday, October 5, 2008; B07 Low interest rates, easy money and malleable accounting rules are what plunged Wall Street into crisis ... , and many of us are "upside down," as the car dealers say. What to do? Recognize the losses ... , embarked last month on a radical program of money-printing. Reserve Bank credit -- the raw material [more...]

Date: 2008-10-06 16:10:51

It’s time to call your bank.

About a week ago, out of the blue, I had this feeling I should call my bank and find out what the current refinance rates were ... representative, he informed me that an FHA loan with decent credit would refinance at 4.875%.  A Far cry from my current 6.66% rate! Not bad, but I don’t want an FHA loan. So after listening [more...]

Date: 2009-01-10 03:20:26

Fears of Mortgage Rate Re-Sets May Fuel LIBOR Manipulation and Mask Deeper Banking System Problems

It’s panic time for U.S. legislators, regulators, banks and lenders. More than $24 billion worth of adjustable-rate mortgages (ARMs) ... and sovereign borrowers. If interest rates remain high and interbank lending remains tight, the credit ... appear better than they really are? If that’s the case, it’s one more reason the credit crisis [more...]

Date: 2008-10-23 15:45:31

JP Morgan chairman Dimon warns worse still to come for U.S. Economy

from the Daily Telegraph:The head of JP Morgan Chase has warned of worse to come for the US economy in 2009 as he unveiled “very disappointing” ... of $17.2bn. In contrast, most of the bank’s competitors are expected to report multi-billion dollar losses ... s Investors Service lowered its credit rating on JP Morgan, citing its “poor prospect” of generating [more...]

Date: 2009-01-18 03:29:08

Need a loan? By pass banks and turn to social lending

Saturday morning I woke up to a dead cell phone. I left it in the charger so I knew it wasn’t the battery ... the loan and your financial history. Not bad considering the interest rates are better than banks ... it the most. This got me to thinking about money and lending. As the credit crunch continues [more...]

Date: 2008-11-17 15:29:16

Fed cuts key interest rate half-point to 1 percent

WASHINGTON ... to obtain credit." The central bank said that "downside risks to growth remain" holding out the promise [more...]

Date: 2008-10-29 19:29:44

What Will the Fed Do Now That Rates Are at Zero?

The Fed has been attempting to resuscitate the deflationary housing market through traditional monetary tools, ... is the attempt to loosen the credit markets by purchasing bank assets that are priced at the long end ... in modern history was Japan. They used quantitative easing to help prevent deflation after [more...]

Date: 2008-12-31 08:39:18

Friday morning links

TOP STORIES Rate cut from Japan, Barclays seeks funding - Reuters Nevada, Michigan, Florida lead 'underwater' list - AP Housing plunge: ... is more likely than many assume - MarketWatch Banks, consumer advocates urge U.S. to allow credit card debt ... it feels so bad - CNN/Money Economic data point to the start of a recession - LA Times Recession Ghost [more...]

Date: 2008-10-31 13:20:00

Common Mistakes Motorcycle Buyers Make When Looking For a Motorcycle Loan

Whether interest rates are high or low or it’s the end of a model year with lots of incentives, ... of a motorcycle. There is no need to shop for a $20,000 Harley Davidson motorcycle, if a lender ... than they could have gotten had they shopped for a motorcycle loan at a bank, credit union or online [more...]

Date: 2008-09-22 17:25:39

5 Ways to Save Money on Your Next Vehicle Loan

by Ada Denis Don’t get stuck with a bad car deal. Here are five ways to walk away from an auto dealership and save money on the vehicle loan. 1 ... an application with your personal bank, credit union, finance company, or online auto loan broker ... a shorter loan term, perhaps 36 or 48 months. Several auto lenders offer better rates on short term loans [more...]

Date: 2008-12-09 09:27:49

The Lib-Lab-Con Consensus of Economic Folly

The dramatic move by the Bank of England to slash interest rates by a massive 1 ... that the collapse of demand in the British economy caused by the ‘credit crunch’ may precipitate a full ... ) stimulus. With Chancellor Alistair Darling’s Pre-Budget Report due shortly, an extraordinary degree [more...]

Date: 2008-11-11 15:38:07

Nucleus Software Bags Yet Another Deal in South East Asia | Partners With Tien Phong Bank, Vietnam

/India PRwire/ - Nucleus Software Exports Limited (NSE: NUCLEUS, BSE: NSEL) ... in completely automating operations, keeping a check on credit ratings and efficiently filtering out bad ... will further help them to sharpen their competitive edge with ‘quick-to-market’ product and schemes [more...]

Date: 2008-12-17 09:00:00

Crunch time for borrowers

Crunch time for borrowers Banks are being more conservative, say observers, ... -based. Car dealers said a credit crunch is hitting vehicle buyers too, with rejection rates ... assessment process helps us evaluate the applicant’s ability to service a credit facility such as a car [more...]

Date: 2008-12-13 22:26:51

Looking At Your Own Bank for Loans

The idea of shopping around for a loan can sometimes be over rated ... Reasons Why Bad Credit Equals High Interest August 14, 2008 — Don't Let Terms Get You Down July 29, 2008 — Student Loan Defaults Cured - Or is it? September 4, 2008 — Is Your Best Bet An FHA Loan? July [more...]

Date: 2008-08-21 07:05:00

3 Ways to Improve Your FICO Score

by Doc Schmyz Once upon a time you could walk into a bank and get a loan on a handshake and your honor ... sheet. Now it?s all about your FICO score. Several credit models can be used for this article ... credit history. Keeping your credit history in good order and improving your rating is not a hard [more...]

Date: 2008-09-04 10:44:55

Fed Slashes Interest Rates; Nothing Happens

You can't say they didn't try. Nevertheless the Federal Reserve's drastic moves aimed at jumpstarting lending highlighted by dropping interest rates ... ago during the height of the financial panic but a normally functioning credit market is likely still months away. Bloomberg reports banks are still hoarding cash and shunning loans [more...]

Date: 2008-12-18 17:04:40

New Orleans Condo Search, Your credit scores do matter when applying for a loan!

    Banks and lenders have been increasing the scores needed to get the best rates on loans in 2009 ... .       This means it a great idea to check your credit score out while you are still in the early ... and get it fixed.  There are ways to make your credit score go up by reviewing your open lines [more...]

Date: 2009-01-18 02:59:19

Finding Attractive Interest Rates in a Low-Yield Environment

How to Make Money When Interest Rates Are Low Interest rates across the board remain low, ... are what make them so attractive. Whether it’s through your local bank or credit union branch, or via [more...]

Date: 2008-12-22 15:22:40

Credit Card Laws and Court Rulings–Have They Helped Consumers?

This is a guest post by Bill Hardekopf, CEO of LowCards.com . Congress passed the Credit CARD Act in May but gave issuers and banks almost one year to implement the major provisions of the bill. Since then, issuers did exactly what they threatened to do–raise rates and fees on a broad group of cardholders. Consumers and elected officials are not happy about this, and members of Congress plan to introduce a bill to accelerate the effective date of the bill from February 22, 2010 to December 1, 2009. [more...]

Date: 2009-09-25 19:18:38

Dollar Falls on Rate Cut Expectations as High as 75 Basis Points

I've kept seeing mention of a possible 75 basis point cut by the Fed ... to a record low this month as stocks plunged and banks shut off credit, a report showed yesterday [more...]

Date: 2008-10-29 03:14:22

Be Cautious With High Risk Personal Loans

by Trinity Flutie If you are in need of money to help cover expenses for a few weeks or months, a high risk personal loan may be a good option ... to put collateral and you also won’t have your credit checked. The approval process for a loan ... for a signature loan from a bank, you will want to choose that option since the interest rate [more...]

Date: 2009-01-08 14:42:26

Meet a self-described “bank terrorist”

Revolting (h/t: Moonbattery): Bruce Marks, founder of the leftist Neighborhood Assistance Corp ... “easy lending.” Listen to NACA’s pitch: “Come to NACA, and regardless of how bad your credit ... , while increasing the number of mortgages it restructures by lowering interest rates and extending loan [more...]

Date: 2008-11-20 23:53:27

AMC, Wells (Appraisal - a Must Read) , US Bank, GMAC updates; MortgageIT gone, What’s with the buy-ups? Rates tumble

The economy is pretty bad right now. Yesterday I was putting a foreclosed sign on my house, and while I was doing that, ... this decision based on the struggling economy, the credit crisis, and the integration with Merrill Lynch [more...]

Date: 2008-12-12 15:11:03

Why Are Interest Rates So Low?

Why Are Interest Rates So Low? By Robert Higgs on Aug 16, 2008 in Economics, Money and Banking | 3 Comments A month ago, I posted a little piece at The Beacon to raise some questions about the so-called credit crunch ... , was an answer to the question I had raised: if there is a credit crunch, why have we not seen [more...]

Date: 2008-08-17 04:07:03

Rate cuts can be tough to reverse-ECB’s Bini Smaghi

History shows central banks can keep monetary stimulus in place too long and thereby sow the seeds of a new bubble, Lorenzo Bini Smaghi, ... Smaghi said. “You can make both errors and both may be very costly.” Source: http://www.afxnews.com ... steadies, gains capped on oil, credit jitters August [more...]

Date: 2008-12-10 06:50:12

Bank cuts 130 O.C. jobs

HERE. Jeff Altman of WestCal Mortgage Corp. in Orange said later today rates fluctuated between 4.75% and 4.875% with a one-point fee ... Homeowners who got a break often defaulted again The regulator did it Good credit, bad mortgage … ... in 2007. And in other mortgage news… Bad-loan fix: Model or Myth? O.C. mortgage rates return [more...]

Date: 2008-12-11 21:09:31

Take a little less yield on a CD, keep a bank in business

Today Justin is out doing what in the news business we call "reporting ... in the first place. "Higher rates are a short-term fix," says Camden Fine, president and CEO ... and businesses supposed to be starved for credit? I asked [more...]

Date: 2008-12-10 19:08:15

Illinois Mortgage Rates Weekly Update

Welcome to Illinois Mortgage Rates and News week in review for the week ending September 26th, ... Street down to Main Street, and the fear is that if this isn’t resolved soon, it will cut off credit ... up to $700 billion of tax payer money to buy up the bad debt, it will recapitalize the banks [more...]

Date: 2008-09-27 17:40:18

Ripples from Chase. Banks in the news, and not in a good way

Here is a job listing just in time for all those great folks at Chase Chase’s exit from wholesale left brokers searching the rate sheets in their ... this out to his/her clients: “Wells Fargo Sr. Mgt. reports: we are committed to the Wholesale ... up-front fees for application, credit report and appraisal with the thinking being “once a customer [more...]

Date: 2009-01-15 14:34:13

Record rate of repos in 2008

Filed under: Etc. The mortgage meltdown and the financial crisis on Wall St ... that automakers were doling out bad loans just like the banks, but that's not entirely true. The high amount of luxury vehicles being repo'd have gone up as well, and many of those buyers have very good credit [more...]

Date: 2008-10-14 13:41:02

UAE banks assigned negative outlook

Financial Times: Moody’s Investors Service, the credit rating agency, has placed the United Arab Emirates banking sector on a negative outlook, ... . However, the credit rating agency added that UAE banks generally enjoy strong economic fundamentals, were ... . ... Tightening credit conditions, liquidity constraints, a collapse of regional equity markets [more...]

Date: 2009-01-15 16:23:15

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