Credit Card Companies Cutting Credit, Rewards; Upping Interest Rates.
Wall Street gets a bailout, regular old Americans see their available credit decrease, their interest rate go up, ... a bad thing in the long run; but right now with people getting laid off, grocery prices skyrocketing, and small businesses trying to make ends meet, is it a good or a bad thing to cut off credit [more...]
Date: 2008-10-29 16:00:06
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What Is Wrong With This Picture?
They’re tossing our money into a black hole and they KNOW it: Dec. 18 (Bloomberg) — Federal Reserve Chairman Ben S. Bernanke is basing hundreds of billions in emergency lending on credit ratings from companies ... and lent $631.8 billion under eight credit programs, most of which require appraisals of short-term [more...]
Date: 2008-12-19 14:53:38
Why Are My Credit Cards Being Canceled?
In today’s economy, credit card companies are changing interest rates at whim (at least until the new credit card laws go into effect…in July 2010 ... . And this could ding your credit score a little bit, which is not something you really want to happen ... by following this simple tip - it helps your credit score and it lets you keep all your available cr [more...]
Date: 2009-01-07 16:59:00
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
President Obama to the Aid of Americans Suffering from Debt Apply For Your Government Grant Now
Author : Lindsy Emery It is no secret that the economy is in dire need of a jumpstart With so many out of work, taking cuts in pay, losing homes, cars and having bills that they can no longer afford to meet, Americans are turning to our government for financial help Under the guidance of Barack Obama, our federal government is responding Bills have been introduced that better monitor and control the interest rates and fees credit card companies are allowed to charge Financial institutions [more...]
Date: 2009-09-30 15:50:29
Membership Has Fewer Rewards
For credit card-carrying Americans, the latest news from the economic crisis is good, then bad, then good again ... they had to, since credit card companies raised their interest rates even as personal income and credit limits dropped. Visa, MasterCard, et al., also are responding to the worsening economy [more...]
Date: 2009-01-14 19:00:18
Debt Consolidation Explained
Debt Consolidation Explained December 16th, 2008 As more and more consumers struggle with out of control debts, ... large and small. In modern society, credit has become so simplified that individuals become burdened ... loan. These typically boast rates far lower than the interest rates offered by credit card companies [more...]
Date: 2008-12-16 15:57:23
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
THE FINTAG NEWSLETTER @ 09 December 2008
FINTAG COMMENT Confidence. There are a lot of unconfident people around. Existing frameworks, values and modus operandi are under attack ... and compared to other company statistics. Credit Rating Agencies did the same and rubber stamped ... to be nothing but ratings-for-hire, analysts, bankers, creditors and traders have turned to Credit [more...]
Date: 2008-12-09 10:34:00
Easy Car Loans In Difficult Times.
by John Brennan Before the economy burst into crisis recently, you were able to get a credit to buy a car virtually from any company ... that had a very bad credit history. Today with the credit market in a huge crunch, even gigantic ... rates. Even if you have a bad credit history, the dealers are in a very tight spot right [more...]
Date: 2009-01-03 08:43:51
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
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
Build Your Credit Rating with Student Credit Cards
Capital One®: No Hassle Miles Ultra Before, students can’t just open a credit account without a cosigner ... and also puts your credit history in danger. Citi® mtvUTM Platinum Select® Visa® Card Protect ... . Credit card companies do not extend credit to students because they’re considered as high risk [more...]
Date: 2008-10-20 07:27:32
Fed to rule soon on sweeping credit card changes
Sunday December 14, 3:11 am ET By Carson Walker, Associated Press Writer Fed might end surprise credit card rate hikes but restrict credit to high ... of people with bad credit to get what's referred to as a subprime card. The rules were proposed ... risk borrowers SIOUX FALLS, S.D. (AP) -- Credit card companies could no longer boost interest [more...]
Date: 2008-12-14 20:23:19
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
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
How to Recover From A Bad Credit Rating As A Result of Hard Financial Times
by Darrell PriceRepairing your credit after you have suffered through a crisis such as a bankruptcy, foreclosure or a series of unfortunate financial events is a must if you are going to move on with your life. There is a lot to know about repairing your credit and raising your scores. Don’t worry; it is not difficult with the tips provided in this article.If you want to repair your credit yourself as opposed to letting a company do it for you, then you need to understand the basics of credit repair. [more...]
Date: 2009-07-05 13:35:08
Fed Chairman Uses Incompetent Ratings Firms for Bailout
“Federal Reserve Chairman Ben S. Bernanke is basing hundreds of billions in emergency lending on credit ratings from companies that gave AAA grades ... . So reports Bloomberg News. Before the financial crisis, we repeatedly warned in vain ... of the financial crisis. “They’re outsourcing the credit assessment to a group of people whose recent [more...]
Date: 2008-12-18 18:40:19
The Daily Poverty Post.
First of all, isn’t it funny that when conjuring the telephone, we think of the above? ... , this safe site will provide you with one free FICO score and credit report every 12 months — ... out how to call your credit card company to renegotiate your interest rate! Before we begin [more...]
Date: 2008-12-06 17:33:45
How to Select the Right Company When Looking for a Credit Attorney
September 2, 2009 | By Ben and Casey In Finance | by Ben and CaseyCleaning up past mistakes on a credit report is not a pleasant experience. There are basically two ways of going about the credit repair process.Many people decide first to fix their own credit only to discover the process is much more involved than they expected. Below are several reasons why you may consider choosing a top rate credit attorney at a price almost anyone can afford. [more...]
Date: 2009-09-03 00:43:04
When Toyota (TM) Has A Rating Cut, The Auto Business Really In Trouble
Batmobile512 Detroit is in real trouble. There has been some hope that the really healthy Japanese and European car companies could hold on to their credit ratings. Toyota (TM) has a bullet proof balance sheet compared with almost any other ... options as the cash balances of the US car companies head to zero. A purchase of all of part [more...]
Date: 2008-11-26 11:30:43
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
Time to reform the Consumer Credit Act?
Iain Dale has posted about a report that has been released by Grant Shapps called "Payday for Loan Sharks" ... the Consumer Credit Act laws has grown at a massive pace. The only way to resolve these sort of issues ... which details home credit company charging interest rates from 100% APR to 10,000% APR. I think [more...]
Date: 2009-01-09 09:48:38
GMAC SmartNote Loss Recovery News
We continue to investigate the sales practices of full service brokerage firms like Citigroup Smith Barney, Gunn Allen, Wachovia, AG Edwards, ... the company’s credit rating to C on Nov. 20, the lowest ranking.Retail holders “could get virtually ... firm Gimme Credit LLC, who recommends investors [more...]
Date: 2008-12-01 21:25:00
My 2009 Predictions
Evan Bernstein, from the Rogues Gallery (the Skeptic’s Guide to the Universe blog) ... the word “God” twice. 5. Car companies will continue to manufacture gas-guzzling p.o.s. cars, despite ... . For everyone. 10. Credit card companies will increase the interest rates of all their customers (”victims [more...]
Date: 2009-01-06 15:28:47
Four Quick Ways to Build A Strong Credit Rating
#fullpost{display:inline;}Nov 18, 2008: Much has been written about credit rating and how we can go about improving it. There are companies offering professional services to help us earn better credit scores [more...]
Date: 2008-11-18 05:21:00
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
30 Ways to Save a Dollar a Day
This is a list of ways to save about $30 a month or a dollar a day. If you can do a couple of these, then you can save even more, like 60 or 90 ... the difference goes into savings 17. Call credit card companies to get a lower interest rate – calculate ... ) 6. Cut back on a bad habit – reduce smoking by ½ pack, buy fewer drinks when going out, cut the [more...]
Date: 2008-12-29 17:18:25
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
New & Used Car Finance Company | Video 03
Even if you’re having bad credit or no credit rating there is nothing to worry, you can still get an approved for online car finance loan. There are actually lots of car dealers who will offer you car finance… read more Share and Enjoy: [more...]
Date: 2009-09-15 04:38:34
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
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
Membership Has Fewer Rewards
Membership Has Fewer Rewards Posted on January 13, 2009 (0) Comments For credit card-carrying Americans, the latest news from the economic crisis ... . Americans borrowed less because they had to, since credit card companies raised their interest rates [more...]
Date: 2009-01-08 15:00:32
Toyota, Honda Slash Output as Recession Cuts Demand
Toyota Motor Corp., Honda Motor Co. and Nissan Motor Co ... and a credit crunch damped demand for new automobiles. Toyota’s output fell 27 percent to 589,505 ... analyst at credit-rating company Moody’s Japan K.K. “Uncertainty in the financial systems [more...]
Date: 2008-12-24 07:35:09
New & Used Car Finance Company | Video 03
Even if you’re having bad credit or no credit rating there is nothing to worry, you can still get an approved for online car finance loan. There are actually lots of car dealers who will offer you car finance... read more [more...]
Date: 2009-09-15 04:38:34
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
Investors, Issuers Howl Over Plans to Change Asset Backed Securities Ratings (No Sympathy Here)
Do you remember the Ford Pinto? The 1970s car had a nasty tendency to explode into flames in rear end collisions ... (in terms of credit exposure) between ABS and other rated instruments. In case you have any doubts ... are dynamic, and companies can and do take action to forestall credit downgrades (particularly below [more...]
Date: 2008-06-11 07:21:40
Motorola's Handset Division To Conduct Layoffs; Might Pull Booth From CTIA
Motorola’s Handset Division To Conduct Layoffs; Might Pull Booth From CTIA By Tricia Duryee - Mon 12 Jan 2009 03:19 PM PST ... Of Top Execs Motorola Credit Rating Downgraded To Junk Posted in: Companies, Google, Microsoft ... with Google’s Android will mean bad news for Microsoft’s Windows Mobile. Obviously, the company [more...]
Date: 2009-01-13 05:29:16
Managing Down "Bretton Woods" Expectations
Hyperbole has become a mainstay of discourse in the US ... , stricter regulation of hedge funds, new rules for credit-rating companies and changes at the International [more...]
Date: 2008-10-25 06:38:40
What To Do To Secure Your Financial Future
If you want to secure your financial future, you must take action ... items though. She says that if your credit score is above 720 and your interest rate just shot ... credit score, then it is time to find another company. Reducing Your Debt The book contains great [more...]
Date: 2009-01-16 19:31:34
Need help with your Bad Credit?
We worry about the high inflation rate.. With everything is increasing it's prices,, ... to that. There are companies who offer creditors to Repair Credit. It is a good idea for people who needs have a clean ... out there will offer you Credit Repair Services.. So you can have a peace of mind and be stress free.. [more...]
Date: 2008-07-21 02:32:17
Is Your Credit Score Costing You Money?
Most of us want a good credit report to obtain automobile financing, credit cards, and to purchase a home ... you know that your credit history can keep you from getting utility connections, good telephone rates, the best auto ... owners’ insurance, auto, and life insurance companies set minimum credit standards for their policy [more...]
Date: 2008-12-30 04:11:53
Misperceptions About Getting Out Of Debt
There are many substantial ways to getting out of debt ... with the interest rate. It may take some time but anything is negotiable. Credit Repair Companies ... that perform illegal ways of removing negative items from your credit. When deciding on a credit repair [more...]
Date: 2009-01-14 18:11:17
The Real Reason Citigroup Is a Mess
Citigroup CEO Vikram Pandit is blaming his company’s considerable troubles on moves by previous management to dive into real estate ... . Citigroup, like others, simply got caught up in the complicated market of derivatives and credit ... rates, misleading terms, unnecessary and expensive products like credit insurance, and the rest [more...]
Date: 2008-11-26 15:00:31
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
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
WSJ: Could Warren Buffett Save Dow Chemical?
For Dow Chemical CEO Andrew Liveris, failure isn’t an option. Liveris has a tough juggle ahead of him to complete his company’s $15 ... last week and have Dow on credit watch for further downgrades. That means Liveris probably can’t pay ... or not. Liveris has said his priority is to preserve Dow’s investment-grade credit rating [more...]
Date: 2009-01-09 18:10:00
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
The economy is in the pooper
Ya Ya this is old news. If it is not, you need to crawl out of the rock you are under and see for yourself ... but not getting good mortgage, good interest rate, decrease in housing values, job loss, credit card ... belly up, got acquired by another company and suddenly N's job and H1 B visa were a BIG concern. Also [more...]
Date: 2008-11-02 22:40:00
