The Current Financial Crisis

You know, I’ve spent pretty much every waking minute for the last week trying to figure out what happened, why it happened, ... and Freddie were required by law, for entirely noble reasons, to make riskier home loans. The bad ... lots of cash, and couldn’t get it. this led to a “freeze up” of credit among banks, which [more...]

Date: 2008-09-25 22:45:54

Blog posts (23) | Videos (66)
 

Advance America Makes for a Great Payday (pfblogs.org)

The credit crisis has been so bad that even banks won't lend to each other ... is in such demand that payday loans always find a way to prosper. The bad press the product gets, and market's ... to unfairly bash: payday loans. These short-term loans have found widespread favor among their users, which [more...]

Date: 2008-10-06 09:51:27

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

Bank of America posts loss, gets $20 billion from U.S.

Escalating credit losses drove Bank of America Corp ... with soaring credit losses. Bank of America set aside $8.54 billion for bad loans in the fourth ... sharply from a profit of $215 million, or 5 cents per share, a year ago. BofA cited rising credit [more...]

Date: 2009-01-18 00:32:29

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 ... . 2. Be Flexible Timing a vehicle purchase is everything. Several auto dealerships establish monthly sales goal ... an application with your personal bank, credit union, finance company, or online auto loan [more...]

Date: 2008-12-18 09:05:34

Mortgage Chatter for the last day of July: Covered bonds, Pres. Bush signed the bill - now what?

“People need good lies. There are too many bad ones.” So chimed in Kurt Vonnegut ... . of Colorado. Mercury’s lenders pulled their line of credit after Mercury failed to meet loan requirements ... if the mortgages go bad, the bank must step in to ensure that bond holders get their interest. Put another way [more...]

Date: 2008-07-31 12:19:55

Banks -- can't live with 'em, can't live without 'em

... That initial recapitalization was necessary. Without that government-financed capital, many more banks would have been insolvent, ... getting worse by the day, other assets, like commercial real estate and credit card loans, are going ... with the bad assets, once and for all. They need to be properly valued and they need to be isolated [more...]

Date: 2009-01-17 12:55:18

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

Getting the right car loan for you

Having a car is a necessity in today’s modern world. It makes your day to day life more accessible, convenient and fast. Unfortunately, bad credit can make it hard to purchase a new car. With the economy on the rocks ... sums of money when bad credit is an issue because there is a high risk. Most banks will either only [more...]

Date: 2008-12-22 15:21:32

Bailout Gets More Costly Due to “Bipartisan” Deal; Foolish Limits on Foreclosure Should Be Removed

Liberal Congressional leaders have apparently reached a deal with the Bush Administration on the principal elements of a $700 billion bailout of the ... student loans, car loans, credit card debt and any other ‘troubled’ assets held by banks.” ... .  Although it is being sold as a “bipartisan” — a buzzword often used to push bad policies – Republican [more...]

Date: 2008-09-28 20:34:55

To the rich go the spoils

By BJ One of the reasons that I'm highly skeptical that the economic downturn sparked by the credit crisis will be easily or quickly reversed is ... institutions, while putting taxpayers on the hook for trillions more in far-less-than-certain loan-backed ... at least $1.6 billion went that the executives won't be feeling too bad: Banks that are getting [more...]

Date: 2008-12-23 13:20:08

How to get credit moving, UK edition

We've had the SLS, the HM Treasury Credit Guarantee Scheme (CGS) ... the idea of 'bad bank' is being batted around, and is providing support for the share prices of Barclays, HBOS, Lloyds TSB and RBS, industry watchers are sceptical it will get loans to where they are most [more...]

Date: 2009-01-12 16:48:34

When America Sneezes, the Rest of the World Catches a Cold

Every day, we get more bad news about the global reach of the financial crisis ... banks worldwide, the global spread of the credit crisis from the United States has hit Iceland hard, particularly making it virtually impossible for the Icelandic banks to handle their foreign loans [more...]

Date: 2008-10-08 20:17:27

Payday loan, emergency cash money

Applying for a loan and getting it in your hands has a lot of gap in between ... salary should be above £1,000 per month - You should have a current checking bank account ... , depending on your income. The repayment term is usually a week to a month. If you have a bad credit [more...]

Date: 2009-01-03 00:33:35

Does Bank Of America (BAC) Get The Next Bailout?

The Paulson/Bernanke bailout is now spreading across the financial system like a prairie fire in a stiff wind. AIG (AIG) got one deal ... on credit card, home, and auto loans increase, and commercial real estate and corporate loans fail ... of mortgages with its buyout of Countrywide, may not be a bad candidate. Neither is Morgan Stanly [more...]

Date: 2008-11-24 11:16:38

Automobile Loans For Bad Credit In Woodward Oklahoma

by Thulas Sukati Auto loans seem to be the chosen method for many people to buy the car they desire without the need to use savings or any other ... it find out if there is anything that needs to be fixed as a bad credit or any error may affect ... . There are many resources through which you can get auto loans like dealers, credit union, bank, or online [more...]

Date: 2008-09-25 21:41:30

Bad Credit Car Loans - How To Find A Lender

Most of us don’t have a pile of cash in the bank when it’s time to buy a car. And if you have bad credit, you may be worried that you won’t get approved for an auto loan ... with them. In many cases, banks are more willing to work with bad credit borrowers than auto dealers [more...]

Date: 2008-12-26 19:14:25

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

Quick Bad Credit Loans: Fast Financial Aid for Bad Credit People

People suffering from several debts like defaults, IVA, bankruptcy, etc. can easily avail quick bad credit loans. Borrower can get the money in their bank account within a day. To avoid extra burden [more...]

Date: 2009-01-13 12:56:21

Getting More for Less with Bad Credit Cards

By now everyone knows that the economy is close to collapse.  Banks and lending institutions are the most responsible for the mess ... even to those who don’t.  Credit card, personal loans, payday advances, and mortgages were readily available to people with bad credit. The downside of this easy credit is that common sense evaporated [more...]

Date: 2008-10-29 16:22:57

Give Me a Real Fix

Well it was another down day on Wall Street. All of the news seems pretty gloomy, from Sands corp ... is to restore confidence and force banks to loan and get people purchasing again on credit ... was they were really advertising that the food was bad and the service mediocre, not something you want [more...]

Date: 2008-11-12 08:12:08

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

Banks and Bad Behavior

So far it seems those banks and financial institutions fortunate enough to receive billions of dollars from the government are showing their ... accounting problems, analysts say. The company could be taking the $85 billion line of credit ... , just after getting its loan. The securities industry isn’t the slightest bit apprehensive about doling [more...]

Date: 2008-10-30 13:23:09

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