Debt Managment and Debt Consolidation Loans For Bad Credit

Amazon.de Widgets What is debt consolidation but a way to financial freedom with positive actions to bring about resolutions of high interest rates, late fees, over the credit line fees, etc. and see ones balances decrease instead of increase with positive impact on the credit rating. The question is frequently asked by consumers who find that answers to accumulating debt are on the wire and something has to be done. [more...]

Date: 2009-09-22 05:45:34

Blog posts (28) | Videos (13)
 

Record Credit Card Defaults Signals a Weaker Recovery

According to reports from Moody’s ( MCO ) Investors Service, credit card delinquencies surged to record levels in August.  In the first increase of charge-off rates since the rally began in March, credit card issuers wrote off 11.49% of uncollectible consumer debt compared to 10.52% in July.  Also loans more than 30-days past due also rose to 5.8%.  Moody’s report also suggests that charge off rates are not likely to peak until mid-2010, as unemployment continues to strain many consumers budgets. [more...]

Date: 2009-09-24 14:40:21

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

GM Plus Chrysler Equals Survival?

The automakers may try to salvage one healthy company out of two sick ones General Motors (GM) ... . General Motors shares have been trading at 50-year lows this week as credit-rating agencies Standard ... getting loans for new cars amid the credit crunch and GM has increased cash-back incentives. GM [more...]

Date: 2008-10-11 22:41:37

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

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

Consumers Get a Break on Credit Cards - Finally

First the bad news: these rules don’t take effect until July, 2010 ... barring the deceptive and punitive practices of many credit card issuers. The policy statement ... thirty days late on a payment. In that case, credit card issuers can still increase your interest rate [more...]

Date: 2008-12-19 01:43:31

Do it Yourself Credit Repair Vs. Using a Credit Repair Service

The stream state of the nation’s manage to buy has most consumers reevaluating their monetary incident as good as looking ways to urge upon it. And whilst the need for credit correct is garnering increasing recognition (after all, it can assistance consumers take improved rates upon home mortgages as good as automobile loans, as good as even begin practice opportunities), how to go about correct your credit can be the frustrating, bewildering as good as officious strenuous process. [more...]

Date: 1999-11-30 00:00:00

Credit card defaults up 54% and growing

As if we needed one more problem in the financial market ... of the U.S. economy. Overall, the rate of credit card loans going bad increased 54 percent ... a debit card with the VISA sign but it's almost always paid off at the end of the month. Carrying [more...]

Date: 2008-10-16 09:27:01

Do it Yourself Credit Repair Vs. Using a Credit Repair Service

The current state of our nation’s economy has many consumers reevaluating their financial situation and seeking ways to improve upon it. And while the need for credit repair is garnering increased awareness (after all, it can help consumers acquire better rates on home mortgages and car loans, and even affect employment opportunities), how to go about repairing your credit can be a frustrating, bewildering and downright overwhelming process. [more...]

Date: 2009-07-17 03:11:36

The Fannie/Freddy bailout

It’s almost as if the feds are trying to flush the economy down the crapper ... holders of U.S. Treasury bonds. -Higher rates are bad for anyone with a mortgage, credit card debt, a home equity loan, a margin account, etc. -Higher rates also increase the government’s debt burden [more...]

Date: 2008-07-15 01:21:54

Economic Potpourri January 11, 2009

The barrage of noteworthy economic news continues into the second week of the new year ... increase in credit-rating downgrades on mortgage-related securities will lead to further stresses [more...]

Date: 2009-01-11 10:59:00

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

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

Bond issuer upgrades look set to increase

Bond issuers poised for a credit-rating upgrade have exceeded the 12-month average for the first time in two years, according to Standard & Poor's in a report that signals improvements in the global economy.The ratings agency said 174 global iss ... [more...]

Date: 2009-09-29 17:48:20

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

Canary in the Mine, Chirping

Few really bad ideas escape being floated in the New York Times:In the case of the Treasury, ... , increasing interest rates for home- and auto-buyers, for businesses and credit-card holders ... the money comes from the same wellspring that has been financing American debt for decades [more...]

Date: 2008-12-28 20:31:00

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

5 Credit Repair misunderstandings

Amazingly, consumers find more than 13 million inaccuracies on their credit reports each year ... , there is a better way. Mortgage lenders and car dealerships have direct admittance to the credit ... . These inaccuracies can cost you the purchase of a home, a car, interest rate increases [more...]

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

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

Another Random News Dump…

- Federal regulators today announced new rules for the credit card industry ... practices. Some examples of the new rules? Credit card companies will no longer be allowed to raise ... that allows Citibank to increase the rate on your Citi Visa if you’re late with a payment to Discover [more...]

Date: 2008-12-18 19:57:19

Spain on Credit Watch

The international rating agency Standard & Poor’s announced last Monday January 12 that it had issued a downgrade warning on Spain’s triple-A sovereign rating. The news came as a surprise for the Spanish political elite, but was no surprise for investors in view of the increasing yield spread between the Spanish ten-year bonds [more...]

Date: 2009-01-17 16:22:01

Mortgage mods, failing miserably

Mortgage mods, failing miserably! I wrote a blurb about the re-default rate on modified mortgages a few weeks ago. Today there was a better and more detailed account of just how bad the track record ... replaced lower mortgage payments with increased credit card debt? Is it because the mortgages were [more...]

Date: 2008-12-09 01:03:00

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

D&B expects IIP growth to be around 4.1% during FY09

/India PRwire/ - IIP rebounded to some extent and registered a growth of 2.38%, during Nov-08 ... . Slowdown in economic activity coupled with increasing reports of job losses and pay cuts might ... ; Finance: Despite easy liquidity conditions and lowering interest rates, the credit offtake [more...]

Date: 2009-01-15 10:47:51

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

Job losses clearly becoming #1 economic issue

Worrying about the credit crunch and falling home prices? That's just so...2008. For 2009 we've got a new worry: a job market in free-fall. And since home prices and sales can't firm up until people have the income to support mortgages ... low mortgage rates won't lead to higher home values and increased home sales as long as 500,000 people [more...]

Date: 2009-01-09 20:30:50

Posts about Foreclosures as of July 12, 2009

The Benefits to Restoring Your Credit Rating Can Last A Lifetime – bestonlinecarfinance.com 07/12/2009 by Darrell Price If you have ever gone through a bankruptcy, suffered a devastating foreclosure or applied for a loan and have been turned down, you know the importance of having clean credit. If you are looking to repair your credit and increase your rating, the process can be a little overwhelming at first. This article will hopefully give you a starting point. [more...]

Date: 2009-07-12 12:03:55

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