Spending habits: Do as I say, not as I do
Shopper_2 Crushing mortgage payments, rising foreclosures and living off home equity lines of credit and plastic are all examples of how Americans have let their spending get out of hand, but most bad habits start small. An Associated Press ... . But more importantly they can compare how much it would have cost if they put it on a credit card, [more...]
Date: 2008-11-05 01:31:43
Blog posts
(201)
|
Videos
(7)
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
Republic Windows Takes A Stand By Taking A Seat
The story of Republic Window and Doors started quietly last week, when Bank of America informed the company, located on Chicago's Goose Island, that it had canceled their $5 million line of credit. Then came the rumble. Republic's executives ... -- is refusing to extend credit to manufacturers like Republic while at the same time putting [more...]
Date: 2008-12-07 19:26:00
Some Observations on Where We Stand In the Financial Situation
By Irwin Nowick I had hesitated to make too many observations about the financial sector because it keeps on changing daily ... McCain - is now talking tough on debt instruments such as credit-default swaps and wants ... . More importantly, they are also the one’s who have problems getting loans and maintaining lines of credit [more...]
Date: 2008-09-24 04:51:03
Saving your credit and credit scores
I have blogged about my experiences with American Express and their systematic reductions in my credit lines ... as “closed as consumer’s request”) which would have locked in the higher credit limit on the credit report. Canceling a card with a good history will impact your credit, but being at 99-100 [more...]
Date: 2009-01-14 23:51:28
'Too Much House' Buyers To Be Rewarded?
The Treasury and FDIC are considering a plan to guarantee about $500 billion of bad mortgages in an attempt to reduce the total number of ... , and not their ability to afford the home. If homeowners also took out a home equity line of credit, no problem ... as 3 million loans into ones that homeowners would actually be able to afford (imagine that). In [more...]
Date: 2008-10-31 15:51:36
AIG using up $123 billion loan
That didn't take very long. Any more Republicans want to lecture us again on the juicy terms and all the money we're going to make from this deal? ... credit line as of yesterday, the bulk of it to pay off bad bets the company made in guaranteeing ... Who ever would have guessed that $123 billion was not going to be enough? I need to sit down I'm [more...]
Date: 2008-10-24 07:40:00
Prepare For A Budget Meltdown By Conducting A Financial Fire Drill [Personal Finance]
You're fired! Now what? It's the nightmare scenario, and you can prepare for it by conducting a financial drill ... about car trouble." Borrow: Yes, borrow. Since your credit will dry up as your financial situation worsens, tap your credit lines while they're still available. This means charging large expenses (read [more...]
Date: 2009-01-17 21:20:28
Big 3 ask for MORE money…
Why hold one hand out when you have two hands… (more money) Ford to a MUCH lesser degree than GM & Chrysler. ... as reductions in its vehicle brands and plants by 2012. The auto giant is seeking a $12 billion loan to keep it running, plus a $6 billion line of credit in case market conditions worsen. GM would focus [more...]
Date: 2008-12-03 05:41:35
Let the games begin!
US President George W. Bush has finally done what really needed to be done - he has approved a partial emergency loan program for the US auto industry, amounting to some $17.4 billion US in loan guarantees to General Motors and Chrysler. At the moment Ford says it doesn't need such assistance, but it has asked for a line of credit in case [more...]
Date: 2008-12-21 16:25:15
Ford and the $9 Billion Joy Ride
In the musical “My Fair Lady,” Eliza Dolittle, sick of seeing little proof from her suitors, finally declared: “Words! Words! I’m so sick of words! ... from this credit crisis. But while these supplicants may have learned their lessons about how to put ... to hand over the keys to a $9 billion credit line from the federal government. Mulally’s bargain [more...]
Date: 2008-12-02 10:34:00
M3 Contraction - The Future Is Now
The Telegraph is reporting Sharp US money supply contraction points to Wall Street crunch ahead ... asset prices are plunging. Those with good credit do not want to borrow and those with bad credit ... , or hyperinflation missed the boat on this big time. Now that those credit lines have been tapped or shut off [more...]
Date: 2008-08-19 17:20:55
More Grim News on the Trade Front
Reader Michael appeared to be on a mission on Saturday and sent quite a few links on trade/shipping related matters ... Has it been as bad as this before? No, not in my 20 years,” the trade manager at another global carrier concurred ... trading conditions are demands on lines from shippers for extended credit as the banking meltdown hits [more...]
Date: 2008-11-02 08:09:41
Why Detroit’s Woes Are Bad for Toyota
Nothing so cheers the soul of a hardened businessman as the sight of a competitor on his knees ... Congress for $34 billion in loans and lines of credit would be cause to break out the sake in Japanese ... from it. They are suffering mightily from the same massive decline in auto sales that is killing Detroit [more...]
Date: 2008-12-06 08:46:25
The Personal Effect of the Financial Crisis
With the steady stream of bad news coming at us from all directions, it’s clear that the financial crisis is taking its toll on the economy ... situation. In many areas, prices have declined significantly. From car dealerships to retailers ... affected those trying to sell their homes, or perhaps those with large home equity lines of credit [more...]
Date: 2009-01-10 14:45:40
Auto Financing in minutes, Bad Credit Payday Cash Advance Loans
Not only will I expansion important information just from union, but I will have to be active if I are departure to make contacts ... just like all of articles on Internet, because it is perfectly amazing new idea of bad accept credit ... . No affair what line I choose to tighten, I am departing to have to read. Now argue loud with bad [more...]
Date: 2009-01-09 10:51:00
Consumers' New Found Embrace of Savings Will Make for a Nasty Downturn
The blow to many Americans' net worth via diminished home values and shrunken retirement accounts has lead to a new found insecurity and ... by credit card companies, banks, and auto lenders getting more stringent and, where applicable, cutting back on credit lines. Thus, consumers suddenly (at least for now) want to be savers (note [more...]
Date: 2008-10-21 04:06:27
Looks like another financial tsunami is coming!
Photo by Faces of California The deterioration in economic and corporate data continues ... and with manufacturing operations outside of Singapore. Demand is bad and orders and indicative orders are being cut ... is declining in value) as customers cancel orders. Bank and other supplier credit lines are being cut… [more...]
Date: 2009-01-15 04:05:14
No Cash Yet For Chrysler; Treasury Favors GM?
Although I don’t necessarily agree with The Wall Street Journal’s editorial this past Friday (January 2, 2009, pg. A14) ... government’s handling of the $17.4 billion loan package for the auto industry is a curious one. Ford isn’t receiving a penny of the funds, which is okay with them as they only wanted a line of credit to keep [more...]
Date: 2009-01-05 07:11:23
Midway borrows more money from the Redstones to stay alive
Late last week, Midway Games made a deal with National Amusements to essentially borrow up to $40 million by the end of this year by selling its accounts receivable at a discount. Back in March, it opened a credit line ... Shari as chairman to try and fix the beleagured company, which has consistently lost money since [more...]
Date: 2008-09-23 02:01:49
Church Bail-Out in the Works?
Representatives of The Church of Jesus Christ of Latter-day Saints met with members of Congress in an effort to secure federal funding to shore up ... Dale Bulls. “The recession and credit crunch have hit our bottom line big time.” Given the success ... here,” said one insider who wished to remain anonymous. “The Conference Center needs constant repair [more...]
Date: 2008-12-13 05:01:22
The Housing Bill, Will it help?
I've had at least 20 emails asking about the Housing Bill. I was going to ignore them but they keep coming ... an unspecified line of credit and to buy their stock, if necessary, to prop up the mortgage companies. The two ... backed by loan guarantees from the Federal Housing Administration. The original lenders would [more...]
Date: 2008-08-04 00:20:00
Bush's Perfect Storm
Perhaps we have living proof this week that “The Market” can't fix “Everything;” and, ... the credit line spigots. However, the Bush Administration, never an operation to pay too close attention ... comes the complicated part; under current FASB rules: “The subsidiary sells the retail loans [more...]
Date: 2008-11-14 21:31:00
Maintaining Excellent Credit Rating
Being approved for credit is a sign that someone is willing to take a risk on you with their money ... of all, get your free annual credit report from the credit bureau. Check for mistakes or false ... bills - food, utilities, rent, or mortgage. Before you go out shopping for credit lines, make sure [more...]
Date: 2009-01-15 03:41:35
Slow loans flow for some small, medium businesses
Slow loans flow for some small, medium businesses 30 applications approved under new scheme; processing fees still a bugbear By CHEW XIANG ( ... companies get through the bad times’. ‘For those who had their commercial credit lines cut ... to Melvin Lee, Spring’s deputy director of financing and incentives management. More than 700 [more...]
Date: 2008-12-19 07:30:23
When will the recession end? Part 7 False signals of recovery
Many hopeful economists and political analysts are despirate to find any source of good news signaling that we may be at the bottom of the decession ... down by a credit squeeze and sliding demand for global trade. Now it's started to rebound off its lows ... Index (BDI). Frozen credit lines have paralyzed the shipping trade since mid-September [more...]
Date: 2009-01-15 14:05:31
Dealership Financing Gets Hurt By Looming Auto Bankruptcy
Troubled times have hit the nation, with the current biggest issue being the financial quagmire that the big American automakers are facing, ... and limited credit lines, not only do the dealers get hurt, but also the consumer. Financing a vehicle today ... from automotive bankruptcy in this mess is the dealership. Dealerships have long depended on finan [more...]
Date: 2009-01-01 16:36:26
A Few Ways to Raise Cash Quickly
Disclaimer: After some strong feedback from GRS readers (and from my wife) ... of the loan, and fulfill your part of the agreement. Take out a home-equity line of credit. I used a home equity loan to pay off my credit cards ten years ago. This can be an okay move, but be careful [more...]
Date: 2008-08-28 20:00:56
It’s Payback Time
From the Pioneer Press’ Inver Grove Heights Police Calls: I always heard old people drive tanks, but here’s the proof: Hit-and-run accident: ... him down, and he said he didn’t think there was any damage to the truck. He said he’d pay for the damage. I guess I should think twice before confronting someone over line jumping: Theft of credit [more...]
Date: 2009-01-16 17:04:42
Debt Consolidation Tips & Resources
Hubby and I are discussing about getting a credit card for myself so that we can use it for good in the future ... of debts in credit cards. Until one day, he ended up of bankruptcy. Bankruptcy is really a bad idea because your credit line will be bad, you can’t apply for a loan instantly especially housing loan [more...]
Date: 2008-07-09 12:33:16
FDIC Underestimated The Risks Of Falling Home Prices
With so many lenders looking shaky these days, it brings up the question of how well prepared the FDIC is to deal with lender failures ... possible. Apparently the wave of refinancing that occurred after interest rates lowered ... concerns (Home Equity Line of Credit), but adressed concerns with the mortgage industry in general [more...]
Date: 2008-07-23 07:02:00
Buy a New Car or Fix the One I’ve Got?
I knew it. I just knew my car was in bad shape. I’ve talked about it before, and I knew it was going to happen ... looking at about €4,000.” We don’t have €4,000. Not only that, but we won’t get approved for a loan ... of money, it’s going to have to be through tapping the open line of credit at a gazillion percent [more...]
Date: 2008-10-17 10:00:17
Four at Four: A Familiar, Comforting Sort of Lousiness
The extended Santa Claus rally was cut off late last week and has run into a more alarming reality this week (other than Santa not being real) ... on the financial companies, and the silver lining appears to be that credit spreads and short-term lending ... should be, relative to the movement on the S&P 500.” So in other words, it’s still bad, but [more...]
Date: 2009-01-14 12:59:00
Is Obama’s Stimulus Plan Unfair to Some Small Firms?
President-elect Barack Obama’s economic-stimulus proposal is drawing cheers from many business owners and business groups, happy to see potentially lucrative tax breaks targeted at businesses bruised by the bad economy ... stores in late 2007. But her bank still froze her credit line in December – saying it wanted [more...]
Date: 2009-01-06 13:46:19
Is Obama’s Stimulus Plan Unfair to Some Small Firms?
President-elect Barack Obama’s economic-stimulus proposal is drawing cheers from many business owners and business groups, happy to see potentially lucrative tax breaks targeted at businesses bruised by the bad economy ... stores in late 2007. But her bank still froze her credit line in December – saying it wanted [more...]
Date: 2009-01-06 16:41:00
A look at the Pros and Cons of Reverse Mortgages
This is an edited guest post from Cliff Auerswald of All Reverse Mortgage Company ... in the home), or on an occasional basis as a line of credit. Homeowners whose circumstances change can restructure their payment options. Since first offering reverse mortgages, I've often been asked, "How [more...]
Date: 2008-08-20 12:07:00
Bill Heard’s $2.2 Billion Reputation Lesson
You know me; always on the lookout for examples of why it’s so vital to maintain a positive business reputation ... s 11th largest Chevrolet dealer group and in 2005 was named one of its “Dealers of the Year” by GM ... . Add rising gas prices, $280k in state fines, and having its credit line yanked, and you can see [more...]
Date: 2008-10-10 14:00:37
U.S. Automakers, Freddie Mac and Foreign Exporters Next in Line for Bailout Handouts
This week is shaping up to be another active one on the bailout-and-financing front ... , frozen credit lines and dwindling cash reserves calling into question whether they can survive much ... for some form of auto-sector bailout – even an extension of the deal U.S. banks received as part [more...]
Date: 2008-11-17 15:33:21
Another Day, Another Bailout (Or, How I learned to Stop Worrying and Love Giving AIG $85 Billion)
After holding strong for ONE weekend and not bailing out Lehman Brothers, despite the hissy fits of bankers from Barclays and Bank of America, ... into conservatorship, has instead offered a line of credit to AIG allowing them to borrow up to $85 billion ... that most of these amounts are loans, and the government stands to profit from the upside [more...]
Date: 2008-09-17 05:49:14
Tribune Company Weighing Bankruptcy
Tribune Company is considering whether to file for bankruptcy, according to several news reports out today ... . has cash and could draw on an existing line of credit with its senior lenders to pay Monday's bill ... how seriously Tribune is considering bankruptcy, according to a cautiously written report in The New [more...]
Date: 2008-12-08 20:57:31
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
Borrowing To Invest Vs. Saving To Invest
This is a follow up to my post about bums not being richer than you ... the $500 directly into investments, he goes to his bank and sets up a home equity line of credit ... nest egg of $378,015. Not too bad! The Leveraged Investor In this scenario, our investor wants [more...]
Date: 2008-12-22 00:22:31
A Bright Light From Home Depot (HD)
95129c The first reaction a lot of investors would have to Home Depot's (HD) is that they are bad. Very bad. Earnings bet Wall St ... lines and credit card capital, the consumer should be doing almost no home improvement work ... economy. Stopping to reflect on the housing market and lack of available consumer credit, the figures [more...]
Date: 2008-11-18 11:33:04
U.S. Automakers, Freddie Mac (FRE) and Foreign Exporters Next in Line for Bailout Handouts
This week is shaping up to be another active one on the bailout-and-financing front ... , frozen credit lines and dwindling cash reserves calling into question whether they can survive much ... for some form of auto-sector bailout – even an extension of the deal U.S. banks received as part [more...]
Date: 2008-11-17 13:02:19
Neil Hrab: Colonel Qadhafi's Boston Globe op-ed
From the time of their country's founding, Americans have always attached special importance to freedom of the press and freedom of speech. In a 1787 letter, Thomas Jefferson, the future third President, went so far as to say ... especially when it comes to Russia. (The oped's credit line says that Qadhafi just returned from a trip [more...]
Date: 2008-12-30 21:41:00
Who is to blame?
Every once in a while, somebody will ask me “Who is to blame for the current housing and foreclosure mess? ... they had to take out second mortgages or equity lines of credit to pay the bills. This left them [more...]
Date: 2008-11-15 21:12:56
Why Consumer Debt Is Hazardous to Your Financial Health
You don’t have to look far to find a financial expert who will tell you that consumer debt is bad ... . But has anyone ever really explained what the problem with consumer debt like credit cards and car loans is? On the surface, consumer debt doesn’t seem so awful. After all, using these types of credit lines [more...]
Date: 2009-01-04 13:49:19
Thanks Hank: AIG Wants A Third Loan While Ten Percent Of $700 Billion Bailout Could Go To Bonuses
Chris Carey wrote this: When the Treasury Department’s bailout czar provided an update this week on the government’s $700 billion plan to rescue ... . AIG has already used two-thirds of its $122.8 billion credit line in the past month to cover bad bets made on the U.S. housing market. A third loan would add to evidence that an emergency $85 [more...]
Date: 2008-10-20 21:24:37
The Problem with “Maxxing Out”
As we all know, there are lots of people who are in deep trouble with their mortgages ... they go?) until the sheriff shows up at the door with the eviction notice. Bad news all the way around ... Equity Line of Credit (HELOC) which comes complete with a checkbook and debit cards that look [more...]
Date: 2009-01-06 23:08:39
Caroline's a Kennedy, 'But She's a Lot Like Us' -- But Who's 'Us'?
The editors of the Washington Post Sunday Outlook section aren't looking too politically astute when it comes to promoting Caroline Kennedy for the ... Like Us." First question: who is "Us"? The credit line for this article describes the author as nothing ... her schedule and her life, and her kids' lives. You could say her work history was [more...]
Date: 2008-12-28 14:33:09
51 -
100
of
201
Posts
Page:
First
| <
Preceding
|
Next
>
0
|
1
|
2
