Sunday reading: check cashers and recession talk
Today was a great lazy Sunday. I didn't do any "real" work at all. Still, even in down time, it's hard to escape financial topics ... . Poor customers are commodities, deposits are irrelevant, bad credit makes for a good loan candidate ... alone pulled in $28 million in fees last year. Check cashing companies and like-minded payday loan [more...]
Date: 2008-11-10 05:13:49
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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
Obama Wants Everyone Out of Debt Erase Up to 50
This administration realizes that the economy is bad and people are suffering President Obama is trying to put a limit on the amount of interest the credit card companies can charge you But perhaps you have already gotten into trouble with your credit card and don't know what to do about it [more...]
Date: 2009-09-11 07:42:37
"The Current State of Consumer Arbitration"
Ted Frank (with co-author Ohio State lawprof Sarah Rudolph Cole) ... and credit card companies, provided support to many antiarbitration advocates' claims that consumer arbitration is bad for the "little guy," a conclusion repeated with little scrutiny by stories [more...]
Date: 2008-11-22 02:13:15
Insurance company
At carinsurancequote247.com, you will still be able to get free insurance quotes though you are included in high risk driver ... information on how sr22’s affect rates. The SR22 insurance policy is a high risk auto insurance policy, which ... who have vary of accidents or violations of traffic laws and also for those who have bad credit scores [more...]
Date: 2009-01-12 02:23:59
B of A reports loss, gets more cash
by Rolfe Winkler, CFA The TARP was phase 1 of the bank bailout: give the banks cash to rebuild their capital ... 1: the government is absorbing losses on bad assets themselves. See Citi’s bailout in late November ... for credit-losses nearly tripled, while the company showed why it needed further help from the government [more...]
Date: 2009-01-16 15:09:12
Bank of America to Receive Additional $138 Billion in Government Assistance
The situation must have been rather dire indeed. They did not even wait for the weekend.Its a nice amount of government aid for a single company. Too bad GM is not a bank.Some animals are more equal than others.BloombergU.S. Gives Bank ... the global credit crunch.Bank of America will absorb the first $10 billion of losses in the pool, of which [more...]
Date: 2009-01-16 05:50:00
Barclays loses billions off its share value
http://business.timesonline.co.uk/tol/business/article5533488 ... be valued in the bank’s books.A downgrade in the creditworthi-ness of some credit card companies – ... . The Treasury will also hold out the prospect of creating a “bad bank”, to take the toxic assets [more...]
Date: 2009-01-17 13:12:22
Is the short covering rally over?
The day is almost over for the market (thank goodness) and it seems that financal service investors are in panic mode again ... . tumbled more than 20 percent for a second day as Gimme Credit LLC said unsecured creditors were ``pulling ... delinquencies forced the Seattle-based company to boost provisions for bad loans. While WaMu said [more...]
Date: 2008-07-24 19:53:39
Asia could see widespread credit defaults soon
Anyone still want to buy the "de-coupling" economic theory? ... be forming among small and medium-sized companies in Asia, raising the spectre of a pile of bad loans ... up. Several Hong Kong companies have shuttered factories in China, including home appliance maker BEP [more...]
Date: 2008-10-23 04:15:04
Friday Stories: Hero Pilot, Bad Birds & Sea Kittens
Stories I’m watching this Friday: Everyone lives, the pilot averted disaster by ditching in the river, and ordinary humans acted like heros ... American help in the oil business Peru must not have a great credit score MarketWatch: 6 brutal facts you need to realize about your retirement Good for you, bad for phone companies: possible cell phone [more...]
Date: 2009-01-16 03:49:36
How to Understand Credit Report
How to Understand Credit Report posted on January 8th, 2009 Now that you have obtained your credit report, ... the company name is a description of the type of account (such as student loans, credit card or line ... the first thing you need to do is read through it and understand what it all means. Don’t feel bad [more...]
Date: 2009-01-08 08:35:23
Venture Firms Pull Back, But Not for Long
Venture firms are sounding the alarm over what this current downturn might mean for their portfolio companies — and it’s not pretty ... , all as their personal wealth dwindles and banks decline to offer home equity loans or other lines of credit ... stay on the sidelines? As bad as things are forecast to be, my bet is that they won’t be there for long [more...]
Date: 2008-10-10 04:01:04
Business Is Booming for the Repo Man
At least it's not "Hot Shots: Part Deux" The Miami Herald reports that not everyone is taking the credit crunch as hard as kids in Britain: ... on this day, its loan hasn't been paid for months, with $200,000 overdue. I grew up in a Florida ... Fair story about the collapse of Bear Stearns, one person's (or company's) bad news, is another [more...]
Date: 2008-07-18 15:16:00
Payday Loans Everett Wa
However, for some simple and fast ways to meet your unexpected bill has to be paid to the company and the maximum percentage mentioned, ... , it is the end of all your worries, because the guaranteed bad credit payday loans everett wa ... up since you can always carry high fees and do not require a credit check cash advance loans and stop [more...]
Date: 2009-01-17 20:21:12
The Four-Paragraph White Flag
As I watched the following section of President Bush's speech tonight, ... if you have good credit history, it would be more difficult for you to get the loans you need to buy a car ... instinct is to oppose government intervention. I believe companies that make bad decisions should [more...]
Date: 2008-09-25 03:46:00
Dealing with a bad attitude
Dealing with a bad attitude Posted in Better Living by Seth Barnes on 1/7/2009 WARNING - If you're hoping for inspiration, ... that my credit card company hadn't received the online payment I'd sent from my bank on December 19. Instead, they'd charged me a finance charge. So I called the credit card people. What's annoying [more...]
Date: 2009-01-07 14:13:06
What You Should Know About Short Term Payday Loans
A payday loan is a very short term loan contracted between an individual and a cash advance company ... for periods approaching a month or longer. Most people can get instant approval on a payday loan in any ... credentials, so bad credit is no obstacle. You will need to provide a lender with your particulars [more...]
Date: 2008-11-29 21:49:30
Debt Consolidation Advices
Many people are burdened with too much debt that their monthly salaries are not enough to cover their monthly loan payments, ... s one way of getting out of bad credit reputation and you’ll soon be debt-free in two to three years ... some advice from debt consolidation companies which offers good solution to debt problems [more...]
Date: 2008-12-17 14:27:00
A Chicken Bailout in Every Pot (Car Loan Edition)
Since the TARP has a very big checkbook and a very broad mandate (it can buy any kind of dud loan it chooses to, plus bona fide assets) ... or that market liquidity is hurting pricing. From Reuters, "Finance companies want US to buy bad auto ... auto loans to the government as part of Washington's sweeping plan to restimulate credit markets [more...]
Date: 2008-10-15 07:06:08
Bailout Scorecard: Giving Thanks
The bailouts keep on coming. The Federal Reserve is busy introducing plans to support the asset-backed securities market, ... that their off-balance sheet funds held scores of bad debts, and they wanted to find a way to offload ... , for the betterment of everyone. Bear Stearns After the company’s stock slumped and its credit-default swaps [more...]
Date: 2008-11-26 10:42:00
Congress blames BSP of extortion on Maya's birthday
Congress blames BSP of extortion on Maya's birthday Bloggers Michael Swanberg Capacity for the Future ...Minority Report is Here... But So What? ... computer input. A company by the name of Oblong Industries, Inc., has created what they ...FarCry2, The Prettiest Game I've Ever Played Or at least a good start... ...To Their (Bad) Credit [more...]
Date: 2009-01-15 16:03:18
Low Cost, Cheap Auto Insurance & Loan At TheAutoFinder.Com
Insurance is a must; however, choosing random insurance companies for your needs isn’t a wise decision ... but also offers auto classifieds, car dealers and a car finance section if you are looking to purchase a new car, just like me. Also of note, even if you have a bad credit history, don’t worry; AutoFinder [more...]
Date: 2008-08-10 04:52:26
Watch Out for Possible Credit Card Scams
I am constantly amazed by the creativity of thieves when it comes to ways to scamming people ... card. Bad Photography A lady paid by using my Visa Check Card, and the young man behind ... will be so much better. Currently in the United States, the credit card companies take the burden off [more...]
Date: 2008-10-30 15:25:07
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
Is RPX’s “Defensive Patent Aggregation” Simply Patent Extortion By Another Name?
Patent litigation is getting so bad that a new startup, RPX Corp. (aka, Rational Patent) ... patents in RPX’s portfolio can’t be used in litigation against your company. RPX is clearly not as bad ... Ventures, and also has other sources of capital, including debt and credit lines, available [more...]
Date: 2008-11-24 16:50:44
To Prep for Downturn, VCs Turn to Triage
The credit crunch has scared America straight for a few quarters at least ... . For those wondering, Morgenthaler is still forging ahead with its focus on early-stage companies. The bad ... the Darwinian nature of capitalism. Survival of the fittest doesn’t just mean that those with cash can eke [more...]
Date: 2008-10-24 04:01:17
Citi to hive off India arms after global split
Citi Financial, one of the largest finance companies operating in India, may sport the ‘For Sale’ sign, ... or bad loan ratio in India for its credit card and consumer banking business in India rose to 6.3 ... loss of $8.29 billion. Citi Financial, whose businesses in India span mortgages, personal loans [more...]
Date: 2009-01-17 05:43:13
Treasury’s Handling of the Bailout: “Bad News and Worse News”
This is how Barney Frank characterizes the the Government Accountability Office’s (GAO) first oversight report on Treasury’s administration of TARP (aka “$700 Billion Bailout” ... s decision to use TARP funds entirely to recapitalize banks and consumer-credit companies rather than [more...]
Date: 2008-12-11 18:51:33
Up Again Fixing the Servers, Hating Life, Contemplating Colorado
Up Again Fixing the Servers, Hating Life, Contemplating Colorado 6 Days Ago | Posted to: ... ? What dream? I haven't made a penny in five years. The credit card companies call incessantly. I owe ... misery. And it keeps getting worse. Has been for years. My fault, bad decisions. One after another [more...]
Date: 2008-10-30 07:08:26
'India to grow at 7 to7.5 per cent in 2009'
'India to grow at 7 to7.5 per cent in 2009' Bloggers Michael Swanberg Capacity for the Future ...Minority Report is Here... But So What? ... computer input. A company by the name of Oblong Industries, Inc., has created what they ...FarCry2, The Prettiest Game I've Ever Played Or at least a good start... ...To Their (Bad) Credit [more...]
Date: 2009-01-16 12:21:22
Obama Wants Everyone Out of Debt – Erase Up to 50%
This administration realizes that the economy is bad and people are suffering. President Obama is trying to put a limit on the amount of interest the credit card companies can charge you. But perhaps you have already gotten into trouble with your cre... [more...]
Date: 2009-09-11 16:06:20
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
When good gift cards go bad
When good gift cards go bad Posted by Beth Hering in Current Events, Holidays, Money | November 23rd, 2008 | Comments(5) ... buy this holiday season. If the store or restaurant goes belly-up before you redeem your card ... . While the article suggests perhaps purchasing open-ended cards issued by major credit companies (good [more...]
Date: 2008-11-23 12:29:51
Uninsured Depositors At WaMu Are Begging For Trouble
Anyone with uninsured deposits (those exceeding FDIC limits) at Washington Mutual are begging for trouble ... trading after Gimme Credit LLC said unsecured creditors were "pulling funds'' from the biggest ... delinquencies forced the Seattle-based company to boost provisions for bad loans. While WaMu said [more...]
Date: 2008-07-25 16:16:16
Is It A Good Or Bad Thing That So Many Companies Are Going Out Of Business?
What exactly will 2009 bring us in terms of businesses closing down for good? ... to the economy - which while sad for the workers is not necessarily a bad thing. We have consumed ourselves ... $2.56 trillion in consumer debt, with the average household’s credit card debt amounting to $8,565 [more...]
Date: 2009-01-06 14:00:00
Allied Irish: Too Good to Be True?
Allied Irish Banks PLC (AIB) is Ireland’s largest bank, and in the last two years the company’s shares have been on a relentless march downwards ... has faltered in the global credit crisis. However, as bad as the stock performance has been, AIB still looks [more...]
Date: 2009-01-14 10:06:31
Top 1000 Keyword Mahal ADSENSE
1 conference calling companies $51.66 2 purchase structured settlements $51.48 3 home owner secured loan $50.36 4 mesothelioma patient $50 ... denver $49.56 17 adverse credit remortgages $49.47 18 bad credit remortgages $49.37 19 consolidating [more...]
Date: 2008-05-27 16:06:46
Top 1000 Keyword Mahal ADSENSE
1 conference calling companies $51.66 2 purchase structured settlements $51.48 3 home owner secured loan $50.36 4 mesothelioma patient $50 ... denver $49.56 17 adverse credit remortgages $49.47 18 bad credit remortgages $49.37 19 consolidating [more...]
Date: 2008-05-27 16:06:46
US Job Market getting weaker
Bad News from US and Europe keeps pouring in. Here is a recent list ... to a fourth-quarter loss as provisions for credit-losses nearly tripled, while the company showed why ... low in 2008 as weak consumer confidence ate into demand for new cars amid the world-wide financial [more...]
Date: 2009-01-16 18:03:00
Automakers Suffering, Regardless of Their Business Model
In a move that spells nothing but bad news for Detroit’s struggling automakers, ... States. Why is that bad news for the Big Three? Because there’s been this line of argument that Ford ... the assembly line like Pez, it still wouldn’t solve the company’s troubles because the credit crunch [more...]
Date: 2008-12-16 16:19:23
Circuit City files for bankruptcy protection
NEW YORK (AP) -- Circuit City Stores Inc., the nation's second-biggest electronics retailer, ... has been struggling as nervous consumers spend less and credit has become tighter, and the retail industry ... said, adding that the reorganization could help the company get out of leases for certain bad store [more...]
Date: 2008-11-10 15:26:11
Why I’m a Bad Liberal
I think Tyler Cowen may be right about this: Note that under standard theory neither monetary nor fiscal policy will set right the basic problems ... Treasury efforts to encourage credit-card companies [more...]
Date: 2008-12-28 21:19:16
Why Does Anyone Think the Recession is Bad for Apple?
Why Does Anyone Think the Recession is Bad for Apple? 12:01 am, November 20th, 2008, Pete Mortensen AAPL Growth.png ... from one of the world’s largest companies, showing that the current credit crisis doesn’t actually ... player market. When people aren’t buying cars and houses, they still find time for personal entertainment [more...]
Date: 2008-11-20 08:31:18
Media Digest 12/5/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
Newspaper According to Reuters, car company executives went before Congress and pleaded for billions of dollars ... the November retail sales were as bad as feared. The Wall Street Journal reports that Credit Suisse revealed ... its forecasts. The Wall Street Journal writes that the car companies are taking their case to the web [more...]
Date: 2008-12-05 08:47:57
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
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
Learn How To Become Debt Free
I personally hate being in debt to any person or company, period. I prefer to pay cash because credit cards always seem to get me into more debt than I can handle. Sometimes, though, I realize that it is impossible to avoid getting into debt. Being in debt is bad [more...]
Date: 2008-12-30 09:12:27
Global Investing Roundups Friday, December 19th, 2008
FedEx Announces Profit, Cost Cuts; Report: Wal-Mart to Sell iPhones; GM Denies Chrysler Merger Talks; Discovery Applying for Bank Status; ... reported. Credit card firm Discovery Financial Services (DFS) added itself to the list of companies ... ; Carnival Cruises to 4Q Profit FedEx Corp. (FDX) mixed bad news with good in its latest quarterly [more...]
Date: 2008-12-19 11:29:55
No getting laid in the NYT
Rob Walker's "Consumed" column in the NYT Magazine on Sunday (9 November) looks at prepaid credit cards, in particular the Prepaid Visa RushCard, "the product of a partnership between Unifund (a Cincinnati company best known for buying up and collecting on bad debts [more...]
Date: 2008-11-12 15:59:03
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