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
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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
Credit freeze: It’s still on
NEW YORK (CNNMoney.com) — Credit markets remained choked after an emergency rate-cutting effort by six central banks offered some much-needed relief but was viewed as just one step toward fixing a massive problem. “It was probably necessary but not sufficient to break the logjam,” said Doug Roberts, chief investment strategist [more...]
Date: 2008-10-08 16:58:50
Restoring Your Credit Worthiness
Have you been denied a loan? Have you been offered one at an unbelievably high rate of interest? Are you having trouble getting a new credit card? ... from a credit repair specialist. But there are other things that you can do that are definitely in your control ... as well. Review the documents with a fine tooth comb and list all mistakes. Involve a cre [more...]
Date: 2009-01-08 22:39:58
When You Are Eligible For A Free Credit Report
By Federal law, you are entitled to one free credit report per year directly from a credit-reporting agency only if you certify that: 1 ... to know, whether you need a new credit card, an auto loan, or a mortgage. Lenders use your credit scores ... to obtain the best rates. Bad credit costs thousands of dollars! About The Author Virginia Broobin [more...]
Date: 2008-12-27 07:59:27
2 Out of 3 Ain't Bad, 7 out of 9 Is...
NEW YORK (AP) -- Average interest rates on most types of credit cards rose slightly this week, according to a report from CreditCards.com.Annual percentage rates on seven out of nine categories of cards -- business, instant approval ... Thursday. The APR on cards for people with bad credit held steady at 10.82 percent while rates on student [more...]
Date: 2008-11-14 17:47:00
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
Economy so bad National won’t take advantage?
Heat on public sector bossesPublic service bosses face renewed pressure to cut spending as Treasury warns the economy will stall this year and ... in the face of warnings New Zealand's credit rating will be downgraded if debt gets out of hand ... , plasma TV’s and cosmetic surgery on credit cards wasn’t sustainable (who would’ve thunk [more...]
Date: 2009-01-15 18:18:00
GMAC Deal Boosts Auto Stocks
The government’s decision to provide $6 billion in financing to steady the lending arm of auto giant General Motors has jolted futures on ... credit rating needed for funding new loans to 621, down from the 700 limit established by GMAC two ... lousy report on home prices, as the S&P/Case-Shiller home price indexes fell to their March 2004 [more...]
Date: 2008-12-30 14:03:40
GMAC Deal Boosts Auto Stocks
The government’s decision to provide $6 billion in financing to steady the lending arm of auto giant General Motors has jolted futures on ... credit rating needed for funding new loans to 621, down from the 700 limit established by GMAC two ... lousy report on home prices, as the S&P/Case-Shiller home price indexes fell to their March 2004 [more...]
Date: 2008-12-30 17:03:00
Pakistan on the Brink: From Mr. 10% to Mr. $100B?
During his time as first gentleman to then-President Benazir Bhutto, new Pakistani President Asif Zardari was dogged by accusations of corruption ... sovereign credit rating to CCC+ from B on Monday:Pakistan's credit rating was cut by Standard ... lenders.''Pakistan is the world's riskiest government borrower, according to credit-default swap prices [more...]
Date: 2008-10-08 09:33:00
Nuclear warning to taxpayers, investors, part 2
By Joseph Romm Part 1 presented a new study that puts the generation costs for power from new nuclear plants at from 25 to 30 cents per ... great. A June 2008 report PDF by Moody's Investor Services Global Credit Research, "New Nuclear ... credit metrics. And this would likely result in a sharp downgrading of the utility's credit rating [more...]
Date: 2009-01-10 12:44:19
Buy A House With Bad Credit Rating
Purchase a new location is not easygoing. In fact it is one of the hardest things to do. There are so many things to deal, not exclusive in the nowadays but also for the later. What few may not harmonize is that their credit nock may be dragging them felled. Make [more...]
Date: 2009-09-26 20:59:04
New regulation and the GAO
rdan GAO has a report on regulation deficiencies of financial markets: ... participants—such as nonbank mortgage lenders, hedge funds, and credit rating agencies—some of which ... difficulty understanding new and increasingly complex retail mortgage and credit products. • Fourth [more...]
Date: 2009-01-15 10:00:01
Another Bailout Plan: Directly Bailout Homeowners
—Ace Actually, if you accept "bailout logic" at all, this makes the most sense and should have been done from the beginning ( ... credit and a mortgage can refinance at a new lower rate. Treasury Secretary Henry Paulson ... mortgage rates to 4.5 percent would allow most homeowners to refinance into a cheaper loan, far fewer [more...]
Date: 2008-12-06 06:32:52
Bloomberg: Blame the Ratings Agencies (Part II)
Last night, we looked at the first part of the special investigation from Bloomberg -- and noted its a must read! ... trillion of loans to homebuyers with bad credit and undocumented incomes from 2002 to 2007. Investment ... Here is part II: In August 2004, Moody's Corp. unveiled a new credit-rating model that Wall [more...]
Date: 2008-09-25 23:30:00
More hoops to jump through for enticing mortgages
Consumers rushing to refinance a home loan or get a new one to take advantage of the lowest U.S ... stellar credit. “This market has weeded out people with bad credit. That’s the difference,” said Ellen ... . mortgage rates in nearly four decades are in for a surprise: the new rates aren’t for everyone [more...]
Date: 2009-01-14 14:37:34
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
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
Should credit repair be one of your New Year’s resolutions?
The USA.gov website has a recently updated list of popular New Year’s resolutions ... some help, make credit repair a goal for 2009. Lexington Law has helped hundreds of thousands of people ... benefits specifically designed to modify, monitor, and protect your credit rating. Lexington Law [more...]
Date: 2009-01-08 17:54:17
You Say You Want a Regulation?
As if the economic news weren't bad enough at the moment, ... lenders from raising interest rates on existing balances unless a payment is received late. Credit card ... . Enter new "credit card regulations" issued by the Federal Reserve, Office of Thrift Supervision [more...]
Date: 2008-12-29 14:00:48
What GMAC’s financing means to you
The auto industry got another boost from the federal government this week, in the form of $5 billion in aid to GMAC, ... , but you can have a bad 621 and a good 621,” Griffin said about credit scores. “It doesn’t mean ... for consumers with less-than-pristine credit or those seeking a low financing rate on a new vehicle. Here’ [more...]
Date: 2009-01-02 14:00:09
Credit Ratings Are Often Underestimated
People know that getting into debt can be a bad thing ... underestimate their credit. They figure that if they aren’t financing a vehicle or looking at buying a new home, then they don’t have anything to worry about. Credit governs interest rates and loan [more...]
Date: 2008-12-08 17:01:07
Latest News in Credit Repair and Credit Score - Dec 24, 2008
Saving American economy from ‘Joe the Debtor’ - New Haven Register 24 Dec 2008 at 3: ... s overall score if a manager or employee attends a food safety course approved by the … Your credit report ... . Despite a decent job, homeownership and a good credit rating … Area restaurant ratings - Kinston Free [more...]
Date: 2008-12-24 17:14:31
David Cameron's speech to the CBI
David Cameron has set out the Conservative approach to dealing with the recession in a speech to this morning's CBI conference ... of a fiscal stimulus in the Pre Budget Report – had decided not to. We have consistently argued ... rates, monetary action must mean radical new measures to actually get credit flowing through [more...]
Date: 2008-11-24 11:58:39
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
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
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
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
Wednesday Items
The Rothenberg Political Report has put out new 2010 Senate Ratings ... ) as safe. Credit where it's due: Senate Majority Leader Harry Reid did an outstanding job [more...]
Date: 2009-01-14 21:40:49
Solutions offered to PM to rescue the economy
/India PRwire/ - Mr. Rajeev Chandrasekhar, MP and FICCI President today told the Prime Minister at a meeting in New Delhi on the Global Economic ... , deeper cuts in rate and CRR, open credit and freezing of credit lines could help repair the situation [more...]
Date: 2008-11-03 12:57:57
Young people vulnerable to subprime car loans
A new car costs almost as much as what a home cost 30 years ago ... dealers love to advertise low rates or zero per cent financing, but that assumes you have good credit ... and the other with a bad credit rating– only qualified for a subprime loan at 18.5%. If all went well [more...]
Date: 2008-06-26 19:03:07
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
Ainda o “downgrade” da S&P (5)
Bloomberg Spain may struggle to sell 1.8 billion euros ($2.4 billion) ... . Standard & Poor’s said Jan. 12 it may lower Spain’s AAA credit rating. “There is a clear risk ... of bonds as the prospect of a credit downgrade and a flood of new issues by European governments [more...]
Date: 2009-01-15 09:54:11
Real Estate Short Sales and FICO Credit Scores
Real estate "short sale" is a new term of art that has entered the lexicon during what is considered the worst housing crisis in a generation ... is completed. Sammy avoids having a foreclosure haunt his credit rating for the next seven years. Typically, short sales appear on a person's credit report as "Settled for Less" or "Paid in Full For Less [more...]
Date: 2008-09-12 14:20:35
Links for 2008-10-23 [del.icio.us]
Subscribe to my News Feed .delicious-posts ul {list-style-type:none; margin: 0 0 1em 0; padding: 0 } .delicious-tag,.delicious-extended { ... roughly two months ago.Bernanke May Seek New Ways to Ease Credit as Fed Rate Nears 1% - Bloomberg [more...]
Date: 2008-10-24 10:46:08
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
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
N.J. man learns modifying mortgage to cut payments may impair credit rating
by Moe Bedard on September 29, 2009 · 0 commentsin American Nightmare To confuse consumers even more, not all lenders follow the guidelines.That may change on November 1, when lenders can use a new code to report them as a “loan modification under government program.” The code will clarify which borrowers have taken modifications, but because the modification process itself is not streamlined, it won’t be the only worm squiggling out of the can.The bigger impact on credit scores may depend on how [more...]
Date: 2009-09-29 13:48:05
India’s inflation at seven-year high of 8.75 percent
New Delhi, June 13 (IANS) In what is more bad news for the hard-hit ordinary citizen, industry and policy makers alike, ... prices,” said D.K. Joshi, chief economist of rating agency Credit Rating Information and Services [more...]
Date: 2008-06-13 08:57:37
Disingenuous New York Times Story on Global Imbalances
Since I am endeavoring to spend some time with my family, forgive me for dispatching this New York Times story, "Dollar Shift: ... at low rates, underwriting American consumption. This colossal credit cycle could not last forever [more...]
Date: 2008-12-26 07:21:29
Bad Credit Report Repair Done Easy
Usually it’s about the time that someone needs to buy a new car or is about to purchase their first home that they realize that they are going to need to do a little bad credit report repair. While it can be quite costly to hire a professional to help you get your credit rating back on track quickly, there is hope for people [more...]
Date: 2009-01-15 18:01:59
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
Lending Club P2P: Review of New Post-SEC Changes, Free $25 Lender Bonus
Now that LendingClub has finished their SEC filing and is one of the only P2P lenders currently operating ( ... you get. Then you can simply compare this rate with your other options - credit cards, home equity loans ... conditions, remember that credit cards can only guarantee 6-12 months of a low rate, and home equity loans [more...]
Date: 2008-12-14 14:30:58
Easy Bad Credit Report Repair
Usually it’s about the time that someone needs to buy a new car or is about to purchase their first home that they realize that they are going to ... need to do a little bad credit report repair. While it can be quite costly to hire a professional to help you get your credit rating ... [more...]
Date: 2009-01-16 11:42:59
Homes For The Holidays
Homes For The HolidaysBy ContraryInvestor.com | 5 January 2009Homes For The Holidays…Unfortunately, yeah, and plenty of ‘em ... global credit cycle.It’s been a while since we’ve checked in but all of us know that residential RE ... only have taken advantage of these new lower mortgage rates by first canceling the prior loan [more...]
Date: 2009-01-05 20:13:00
Who’s At Fault for Economic Crisis - Everyone: Tom Friedman
I would encourage everyone to read Thomas Friedman’s column in the New York Times today. Along those same lines check out PBS’ Now and their report on the credit rating agencies ... , with nothing down and nothing to pay for two years; people who had no business pushing such mortgages [more...]
Date: 2008-11-26 14:57:32
My Second Job Is Better Than Yours
Real estate investment is the perfect 2nd job for the person who wishes to keep their day job & make good money on a side job ... estate. All you need is a pretty good credit rating and a desire to learn. PA Deals, LLC provides a cutting edge training program for all new investors. 2. Hours are flexible You never have to punch [more...]
Date: 2008-10-21 14:10:56
Volt Still Kicking as Feds Take $5B GMAC Stake
With a new $6 billion bailout from the Treasury approved late yesterday, General Motors has lowered its requirements for auto loans ... of GM’s retail customers last year, Bloomberg reports). This morning GMAC announced it will provide loans to customers with a credit rating of 621 or above, down from yesterday’s minimum score of 700 [more...]
Date: 2008-12-30 21:00:12
The New China, Bush Asks for TARP, 2009 Oil Surprise, Buy Turkmenistan and More!
by Addison Wiggin & Ian Mathias Chinese exports dive; oil imports, money supply and leverage rise… sound familiar? Bush asks for rest of $700 billion TARP… S&P says USA’s credit rating getting shaky Dan ... d been forecasting that because the economic paradigm “We think, they sweat” was a bad one — it was unlikely [more...]
Date: 2009-01-08 01:36:29
