Where has the Bailout Money Gone? Good Billions After Bad

Where has the Bailout Money Gone? Good Billions After Bad Vanity Fair by Donald L. Barlett and James B. Steele As the Bush administration waned, the Treasury shoveled more than a quarter of a trillion dollars in tarp funds into the financial system—without restrictions, accountability, or even common sense. The authors reveal how much of it ended up in the wrong hands, doing the opposite of what was needed. Just inside the entrance to the U.S. [more...]

Date: 2009-09-28 06:17:36

Blog posts (180) | Videos (139)
 

Restore Your FICO Score – Part Three

In the previous parts of this article we discussed how FICO score can impact your financial status as well as the initial steps that you can take to begin restoring your FICO score. We covered handling collections first since they do have a big impact on your overall score, but there are a few other ways that you can quickly see a big jump in your score. After you have the collections on your account either settled or verified, double check to make sure that they were removed from your credit report. [more...]

Date: 2009-09-29 23:17:33

Debt loans for people with poor credit scores

If you have bad credit, you will probably find it extremely difficult, the loans you need to pay your debts. Creditors and banks only want to do anything with you. The best way to remedy this is with debt loans. They are people like you who are placed in unfavorable situations. The best thing about these loans is that you can use the money anyway you want. There are no guidelines or restrictions on how the money must be used. With these loans, you must no longer a question, refused a loan to care. [more...]

Date: 2009-09-29 11:51:29

The Three Factors of Personal Loans

by Martin Elmer A personal loan (consumer loan, private loan) could be an option, if you are short on money. But before you are raising a loan, you better learn about concepts like security, fees and interest rates. So what is a consumer loan? A consumer loan is a loan taken by an individual. Normally the loans are raised to pay for some kind of buying expense (like a television or a vacation). But it can also be relevant to take a loan to pay other debt. [more...]

Date: 2009-09-28 19:25:44

Life After Bankruptcy Discharge

September 25, 2009 | By Craig Schiffer In Finance | by Craig SchifferLife after bankruptcy can be very difficult. Apart from the entire financial crisis it brings, the individual has to go through a lot of emotional distress as well. But it is in the best interest of the person to look at it as a really bad phase in his life. He should try to forget about this as early as possible and get back to life. [more...]

Date: 2009-09-25 16:13:12

Life After Bankruptcy Discharge

by Craig Schiffer There are a lot of issues which a person has to face after bankruptcy discharge. Apart from all the money related problems, there is a lot of mental stress which comes with bankruptcy. Therefore, it is very important that the person refers this phase as a bad phase in his financial life and get on with his life. He needs to try and forget about it and make a fresh start. It is difficult but certainly not impossible. [more...]

Date: 2009-09-29 17:10:51

Top Bankruptcy Alternatives You Can Choose

If you are considering filing bankruptcy, you know that it feels like the hardest decision you’ve probably ever made. There are many questions - whether it will really help you get a fresh financial start, what the credit results are after bankruptcy, how bad it will be for your financial future, whether it’s really the right thing to do now. Finding out more about bankruptcy is the only way to determine for yourself whether it’s right for you. [more...]

Date: 2009-09-27 08:14:19

Are Bad Credit Debt Consolidation Loans Difficult To Obtain?

Amazon.de Widgets Bad credit Debt Consolidation Loans are they still available? This article looks at whether or not the consolidation loan for people with bad credit is still available.Don’t take my word for it, but bad credit consolidation loans are rare…very rare, but the situation is improving slowly.It never used to be the case, but the decline of the economy over the past two years, due to the global fall out from the sub prime mortgage fiasco, has meant that lenders are reluctant to lend [more...]

Date: 2009-09-28 11:56:59

Bad Credit Score: Effective Ways to Repair It

If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!Having a good credit score rating means everything in today’s world. It is something that you should have in order to live life comfortable and as easily as possible. This is why many people work hard in order to have good credit rating score and prevent them from plunging in to a bad credit rating score.You now ask what kind of things that you can benefit from by having a good credit score. [more...]

Date: 2009-09-27 02:23:32

Bad Credit And Having Some Quick Cash

Do you have bad credit? Are you looking for some quick cash? Unfortunately, during these tough economic times, most traditional banks and lenders are just not lending to people with less than perfect credit. Therefore, getting approved for a bad credit loan may be difficult. Not anymore! A company by the name of Choice Personal Loans has recently secured close to $150,000,000 in funding specifically for providing financing for bad credit unsecured personal loans . [more...]

Date: 2009-09-25 15:01:02

Credit Card Debt Consolidation Loans will Get You out of Debt Effectively

Amazon.de Widgets Credit card debt consolidation loans will help you to regain control of your debt and avoid filing for bankruptcy. However, you must first look at ways of lowering your debt through negotiating with your creditors. If you, like so many others, are finding that the pressure caused by increasing credit card debt is pushing you towards considering filing for bankruptcy it is probably time for you to start thinking about the damage such a move would cause you.Instead, start looking [more...]

Date: 2009-09-25 15:17:26

Bad Credit And Having Some Quick Cash

Do you have bad credit? Are you looking for some quick cash? Unfortunately, during these tough economic times, most traditional banks and lenders are just not lending to people with less than perfect credit. Therefore, getting approved for a bad credit loan may be difficult. Not anymore! A company by the name of Choice Personal Loans has recently secured close to $150,000,000 in funding specifically for providing financing for bad credit unsecured personal loans . [more...]

Date: 2009-09-25 14:52:01

Scanning the News: Tough Times Require Decisive Action

Though I get most of my in-depth commentary on business and technology from blogs, I augment that with mainstream news headlines and alerts ... Stocks in U.S. Retreat; S&P 500 Index Falls Below Lowest Close Since 2003 •Berkshire Credit Risk ... ' as Shares Fall •Senate's McConnell Calls for Expediting $25 Billion of Loans to Automakers •Hijacked [more...]

Date: 2008-11-19 16:04:32

General Motors (GM): Still A High-Risk Profit Play

GM is essentially already bankrupt, says Horacio Marquez. And it has been for years. This clearly makes the company one to avoid for investors ... , particularly after recently reading that JP Morgan Chase & Co. (NYSE:JPM) credit analysts ... of credit. While most of my experience before this was with very risky and fast-moving emerging markets [more...]

Date: 2008-12-02 14:35:29

Bad credit loans: civilizing bad debt condition

Credit runs in to a lives and has outcome on roughly each preference we make. Bad credit runs in a credit focus and has goods on each loan we borrow. A recent consult has shown that a single fifth of a adult race cannot validate for unchanging loans. For such a outrageous loan borrowing race there have been specific loan programmes called bad credit loans. With bad credit loans we can steal loan amounts of a likes of 5000-75,000. Repayment tenure will change from 5-25 years. [more...]

Date: 2009-09-28 15:22:42

Pretending To Fly In California

The Press Democrat reports from California. “The collapse of the housing bubble continues to reverberate through Sonoma County, according to a report issued Tuesday. Just over half of the homes sold in August were dumped by desperate owners trying to avoid foreclosure or by banks that seized them from borrowers who fell behind on their mortgages [more...]

Date: 2008-09-17 19:31:08

"All Mortgage Money Comes From The Same Place"

This sentence is a textbook illustration of the most effective way to lie. Tell the truth, but not all of it. Not that I'm trying to coach habitual liars, but I am going to deconstruct this astoundingly dishonest claim that I keep encountering. It's mostly used by less ethical loan officers trying to persuade someone not to shop around. At the bottom-most level, all mortgage money does come from basically the same place. [more...]

Date: 2009-09-26 14:00:00

Welcome to History

It's helpful to think of how to address the current financial crisis (and I don't use that word casually) ... -to-illegal business practices. As cheap credit pushed up the market price of houses, homeowners began ... . All these effects are just examples of greater levels of debt secured against the market prices of homes. Here's [more...]

Date: 2008-09-19 21:39:38

Welcome to History

It’s helpful to think of how to address the current financial crisis (and I don’t use that word casually) ... -to-illegal business practices. As cheap credit pushed up the market price of houses, homeowners began ... who previously would not have received credit for a mortgage got them. Simultaneously, many homeowners were [more...]

Date: 2008-09-19 20:04:15

Can Debt Consolidation Make My Financial Position Worse?

Debt consolidation is one of the best ways of reducing debt. Your monthly payments become much lower and this will give you more disposable income. Unfortunately, debt consolidation can also make your position much worse. The reason debt consolidation can be bad is you. You, and your bad financial habits. That is how you got into debt in the first place. Lack of financial discipline If you take out a debt consolidation loan you have given your finance s some breathing space. [more...]

Date: 2009-09-29 11:16:03

MORE FINANCIAL BLARNEY FROM OBAMA AND BARNEY

Now that Barney Frank and his Democratic friends have brought down the banking industry by forcing banks to give loans to people who couldn't afford ... . It grew out of charges that banks were "redlining" entire inner-city neighborhoods as bad credit risks ... laws so that Judges could arbitrarily reduce interest AND principal of home loans. Hey I lost [more...]

Date: 2008-10-07 01:18:10

FACING SOUTH INVESTIGATION: How did Republicans get an $8 million bailout from failing Wachovia?

UPDATE: A version of this story is now the top-ranked diary at DailyKos -- go visit for more information and discussion Wachovia Corp ... charges of favoritism, as Wachovia denies credit and freezes assets for thousands of other customers ... back on making loans. By July 2008, Wachovia branches were turning down most loan requests that came [more...]

Date: 2008-10-09 19:33:45

Will the Federal Government Provide Bankruptcy Financing?

One topic we've mentioned from time to time is the near disappearance of the debtor in possession financing market and why that is a more serious ... operating, plus it also needs to pay its fancy lawyers. Enter DIP financing, which is typically senior ... the dearth of DIP financing versus the size of a GM bankruptcy filing, GM would almost certainly [more...]

Date: 2008-11-25 06:35:10

AEI Subprime IV.3: Roubini Presentation

Here is Housing Doom’s third installment of our unauthorized annotated transcript of the American Enterprise Institute’s September 30, 2008 seminar " ... in terms of output contraction are not going to be as bad as the Great Depression because ... there much more generalized asset bubble and credit bubble in the economy. It was subprime, it was near [more...]

Date: 2008-11-17 07:01:46

Debt Consolidation Services: What Can Be Better That It?

You can get a loan anytime you want nowadays. But when the debts become too much and when the time to repay it arrives then problem seems to arise ... scores do not matters in these loans and along with the good credit holders you too will be allowed. All those bad credit records include defaults, arrears, late payment, skipping of installments [more...]

Date: 2009-01-17 00:24:32

Reduce Your Interest Rate With A Credit Card Debt Consolidation Loan

Amazon.de Widgets Credit Card Debt Consolidation Loans are the perfect solution to manage credit card debts properly. These loans will not only provide a manageable single loan but will reduce greatly the amount you repay each month because of the lower interest rates often applied to loans.It is without a shadow of a doubt that most people would like to reduce their debt burden to as small an amount as possible. [more...]

Date: 2009-09-29 11:54:49

Things You Need to Know Before Raising a Private Loan

Things You Need to Know Before Raising a Private Loan by Martin ElmerA personal loan (consumer loan, private loan) could be an option, if you are short on money. But before you are raising a loan, you better learn about concepts like security, fees and interest rates.A personal loan is defined as a loan rose by an individual. Normally it is raised to buy something (like a vacation or a television). But it can also be used to pay of other dept. [more...]

Date: 2009-09-30 11:41:02

Emotional, financial and legal advice on surviving redundancy

Keep calm Remember you're not alone Redundancy can be a devastating, sometimes brutal, experience but it's not your fault ... the credit crunch in your own backyard," says Phillip Hodson, a fellow of the British Association ... way as due to the western economic cycle, the bastard in charge of hiring and firing, or bad luck [more...]

Date: 2009-01-08 14:45:20

Creative Financing In Large Real Estate Transactions

I have a friend who has fallen on hard times, and he owns home that is (was) ... the valuations have fallen so far. Use Your IRA To Help Reduce Your Mortgage Balance The first thing ... collateral that they can borrow against. In the case of somebody who is trying to finance (or refinance [more...]

Date: 2008-10-10 12:38:03

The Home That Was To Be Their Nest Egg

ABC 7 News reports from California. “Monday was just another day at Marsh Creek Elementary in Brentwood. School keeps kids focused on things other than the housing slump which has devastated this community. Just a few miles away is the City of Oakley where 620 homes so far this year have been lost to foreclosure [more...]

Date: 2008-12-03 18:28:57

Better Deals On Loans

Author : Melissa Kellett Whatever loan you may be looking for, there are some do's and dont's regarding the deal you close Secured or unsecured? Good or bad credit? Mortgage or personal? There is always an adequate loan for each situation, for each need and each taste Look into this concise but exact article that may enlighten you towards a good deal on a loan and a better ending at the end of the payment term Secured Or Unsecured? [more...]

Date: 2009-09-26 07:31:07

Learning from history?

Mary Anastasia O’Grady wonders why we haven’t learned how to approach our problem from Chile’s 1983 financial crisis ... , not like that.One alternative to the Paulson plan would be to provide secured loans to troubled ... result: It spooked holders of dollars around the globe, and by Thursday credit spreads had widened [more...]

Date: 2008-09-29 07:36:52

Markets won't Bottom until Banks Stabilize

It should be obvious to most investors that until the financial sector stabilizes and starts to post a meaningful rally, ... in other segments of credit, including revolving credit card and auto loans and now deteriorating ... . As I stated a few days ago, the market will probably not bottom until we see a combination of bad assets [more...]

Date: 2009-01-16 14:12:44

The Coming Great Depression

Martin Armstrong: The Coming Great Depression It is frustrating to read so many comparisons of our current situation with 1929 while watching ... may signal a recession, but the collapse in debt signals a Depression. This Depression was set ... and shifted spending that created jobs into the banks as interest on things like credit cards [more...]

Date: 2009-01-08 03:55:35

Strong Infosys results fail to lift market

Key benchmark indices extended losses for the fourth day in a row in what was a highly volatile trading session. Fall in index heavyweight Reliance Industries (RIL), telecom stocks and private sector banking pivotals offset rally in IT stocks on the back of stronger-than-expected Q3 December 2008 results by IT bellwether Infosys Technologies [more...]

Date: 2009-01-13 14:11:00

Bad Credit Loans - Much Needed Money in the Most Testing Times

For people who do not know much about bad credit, it will often be incomprehensible as to why a financial product has been devoted solely to cater ... , justifies the creation of a separate loan category. It is however, contestable if bad credit loans ... is the excessively high rate of interest that they have to shell out for bad credit loans. When [more...]

Date: 2009-01-16 22:20:13

Deal Journal] Bottom Feeding: Banco Santander of Spain is in advanced talks to take full control of Sovereign Bancorp, ... the credit crisis? Look to a measure called Value at Risk, or VaR, explains Gordon Crovitz. WSJ ... a program to buy mortgage-backed securities. The United Arab Emirates will guarantee domestic bank [more...]

Date: 2008-10-10 14:10:24

Rainbow Financing

Believe it or not, a certain company exist nowadays that provides Car loans to everyone. Yes, they offer the cheapest loans with the best APR rates ... your own car and credit history is not a problem with them even if you had good or bad credit before ... , they are still serving many people that are looking for the best loan company in town. Rainbow [more...]

Date: 2009-01-13 22:36:00

Not Ready Yet to End Our Addiction to Growth

The value of public companies listed on stock markets has dropped by about a third in the past year. This means that shareholders believe that this group of companies, which are an important but not dominant factor in the global economy (the public sector, notably health and education, and privately-owned enterprises, [more...]

Date: 2008-10-14 02:37:26

Cerberus on Debt Markets: ?We Were Wrong?

Cerberus Capital Management is named for the three-headed dog that guards the gates of Hades, ... bondholders, which could hurt the auto maker’s chance of financing itself. Our colleague Jason Corcoran in Europe recently concluded that fund managers had predicted several false bottoms and bad buying [more...]

Date: 2008-12-24 09:12:00

No Credit Car Loans.

September 28, 2009 | By Don Ray In Finance | by Don RayA few things for first time car buyers to remember to get approved for a car loan, if you have a no credit history there are a few ways to get around it, despite your bad credit there are lenders willing to help you get a loan, no credit, repossessions, there are still lenders willing to approve you.Apply for a Major Gas Or Credit CardMost finance companies are reluctant to approve a loan application if you have no credit history, [more...]

Date: 2009-09-28 22:00:26

The Fire Inside the Smoking Gun at Fan and Fred That Ruined Mortgage Lending

Here’s the smoke (HT my guardian angel), from the September 30, 1999 New York Times (click on “more” if you’re on the home page to see the smoke) ... , the Fannie Mae Corporation is easing the credit requirements on loans that it will purchase from banks ... to individuals whose credit is generally not good enough to qualify for conventional loans. Fannie [more...]

Date: 2008-10-01 13:03:22

New Affiliation with Finance Company Enables Payday Lender to Offer Larger Loans

St John’s, NL- BHM Financial Group has joined forces with Quick Cash Ltd., a small private lender in the St John’s, Newfoundland area, permitting them to offer larger and more flexible loans to local clients independent of credit rating. BHM Financial Group, a privately owned financing company specializing in secured bad credit loans is announcing their [more...]

Date: 2009-09-28 01:26:49

Applying For Bad Credit Personal Loans Is Not Difficult

Anyone that has ever experienced credit problems knows what a terrible worry it is but there is definitely good news.  Years ago, it was almost impossible to get bad credit personal loans but that has changed drastically over the last few years.  Although some lenders used to feel bad credit had a social stigma [more...]

Date: 2009-01-17 22:49:30

WaMu’s New $1 million 5-year 1% Balloon Loan (mod) - $878 Per Month!

1/5/09 - EFFECTIVE IMMEDIATELY - Modified Loans are Ineligible For Fannie/Freddie Refi’s, while FHA MAY Be Eligible ... for conforming loan financing.” All Sorts of Consequences This has all sorts of consequences ... . In my experience, most mods result in one of more of their definitions of ‘restructured.’ A restructured loan [more...]

Date: 2009-01-12 17:52:15

Use the Plastic to Repair Your Credit Rating

People are always looking for the shortest path to solve their personal finance problems ... and knowledge play important roles. Repair your credit rating, get out of debt Poor or below average ... yourself from getting scammed As secured credit cards application are having lower qualifying [more...]

Date: 2008-09-24 09:31:39

"Socialism? Hardly"

Greg Ip says things might get "wilder" yet in terms of government intervention into the economy, ... by making short-term, secured loans to banks. But many of the firms whose failure threatens the entire ... in hand, or to other types of debt. Fed loans. In total dollars, the expansion of Federal Reserve [more...]

Date: 2008-10-20 03:19:00

Commercial real estate mortgage rates

Even if finance techniques relating to long-term business might seem appropriate in several circumstances, ... to be cheaper by producing enhanced credit card processing as well as commercial mortgage results ... , along with loan programs on the commercial basis. Commercial real estate mortgage rates need [more...]

Date: 2009-01-07 00:42:46

Fighting Back Against the New Hoovers

Crossposted from the California High Speed Rail Blog Not content with denying to Californians the numerous tangible benefits of high speed rail, Prop 1A opponents have retreated into a revival of Herbert Hoover's economic policy in order to try and defeat the most important project Californians have considered in nearly 50 years [more...]

Date: 2008-10-17 20:50:51

Secured Bad Credit Loans Make Sense

Secured bad credit loans were seen with a bit of contempt in times gone by. Now they make complete sense, and we should be glad ... by means of a secured bad credit loan. Now new lending sources are springing up which consider ... speak for themselves. The much higher rates of interest payable on credit cards, auto and retail [more...]

Date: 2009-01-17 00:00:02

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