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Increasing Your Credit Score Fast

Increasing Your Credit Score Fast Filed under: Anything Goes, Finance With the economy not doing so well right now, many people are going to need better credit. It’s going to get tougher to get a loan if you have a bad credit score. Improving your credit will go a long way towards owning that dream car or home [more...]

Date: 2009-01-11 07:20:07

Blog posts (458) | Videos (103)

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


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

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

Monday: Bi-Partisan Bank Robbery?

I don’t pretend to understand Credit Derivative Swaps and financial ‘instruments’ and it looks like the people who have been playing with them for ... like the Home Owners Loan Corporation (HOLC) where the government would restructure and refinance bad mortgages from individual homeowners and make them affordable.  The theory goes that if those [more...]

Date: 2008-09-22 12:26:24

How We Saved $10,000 in a Year Giving Up Nothing We Knew About

Times are tough.  People are losing their homes at record pace, sinking further and further into debt.  Auto repossessors are making a killing as car loans drop like flies.  But the truth is that things aren’t nearly as bad as we seem to think.  We perceive it as such because we are, in short, an utterly wasteful and gluttonous society.  Even those who constitute the low income households waste more money in a month than many people in the world will see in a year.  I know, I know.  This is the [more...]

Date: 2009-09-30 11:38:44

China Spreads Aid in Africa, With a Catch

  It is not every day that global leaders set foot in this southern African nation of gravel roads, towering sand dunes and a mere two million people. So when President Hu Jintao of China touched down here in February 2007 with a 130-person delegation in tow, it clearly was not just a courtesy call.   And in fact, China soon granted Namibia a big low-interest loan, which Namibia tapped to buy $55.3 million worth of Chinese-made cargo scanners to deter smugglers. [more...]

Date: 2009-09-30 07:16:47

Miguel Barbosa Interviews Michael Mauboussin: Author, Investor, & Multidisciplinary Thinker

Benoit Mandelbrot once said that “failure to explain is caused by failure to describe”. The world has experienced one of the most severe financial crises. How should we make sense of what happened? Without a doubt, we should describe the financial crisis in a multidisciplinary fashion. Only through multiple perspectives can we begin to uncover the origins of the “great recession”. Today, I’m pleased and honored to have one of the foremost experts in multidisciplinary thinking, Michael Mauboussin. [more...]

Date: 2009-09-28 16:43:17

How to Hedge Against Inflation With a Home Equity Loan

Home equity loans were a large part of the consumer credit expansion that fueled the economy for more than a decade. The housing market bubble drove up housing asset prices, but without refinancing a homeowner couldn’t spend their new found fortune unless they got a home equity line of credit. If you are unaware of the coming wave of inflation that will threaten to unravel the global financial systems, all I can say is wise up or read some of my previous articles .  If you are aware of [more...]

Date: 2009-09-29 14:00:00

Economic Outrage du Jour

Quite a few right-wing bloggers, including Glenn Reynolds, the Instapundit, got themselves snookered by a recent, lazily corrected article in The New York Post , written by Richard Wilner. Ampersand at Alas, a Blog provided the fact-checking application. Among other mistakes in Wilner’s Obama-slamming piece was this bit in the lede published on September 27: The unemployment rate for young Americans has exploded to 52.2 percent — a post-World War II high, according to the Labor Dept. [more...]

Date: 2009-09-30 03:18:05

Bailed Banks

The Bush-Obama strategy of throwing trillions at the banks to solve the mortgage crisis has been a failure. The banks welcome public money to remove toxic assets from their books, insured by we-the-taxpayers, as well as the hundreds of billions in direct handouts, but they’ve hardly returned the favor. They’ve used these funds to pay mega salaries and prop up stock values, choices that obviously benefit them. They needed public support, no one wanted the system to collapse. [more...]

Date: 2009-09-30 21:58:57

Dealing With the Sub-Prime Crisis and Home Loan Modifications | ArticlesBase.com

The United States of America is considered the world's greatest when it comes on to capital and investments opportunities. Other countries especially third world depends on the U.S. for advice and/or loan development. In the early 2000's, there was excess capital world wide, the number of sub prime mortgage loans rose significantly. No one did imagine there would be a global financial crisis and everyone investing their hard earned money was only concerned about where to invest to make a higher return. [more...]

Date: 2009-09-28 15:13:53

The 7 new rules of financial security

In a world turned upside down, you must re-examine some basic assumptions. A good place to start: understanding the true nature of risk.John Maynard Keynes, the Depression-era economist who’s having quite the comeback, once quipped when he was accused of inconsistency: “When the facts change, I change my mind. What do you do, sir?”Money has long advocated the benefits of consistency in your investing and financial planning. [more...]

Date: 2009-09-29 10:57:27

Bad Credit Debt Consolidation Loan Advice

Before considering a bad credit debt consolidation loan, think very carefully about your financial status. Once a consolidation loan goes into effect, it often has to remain in place if bankruptcy is declared further down the road. In the past, it was a dishonorable thing to declare bankruptcy, but times have changed with our current bad overall economical situation. Consumers are wise to consider all options before deciding upon what the best option is for your unique financial situation. [more...]

Date: 2009-09-30 18:01:54

More Rough Times Ahead for U.S. Economy, despite Recent Improvements

RISMEDIA, September 29, 2009—Despite recent signs of improvement, more rough times are ahead for the U.S. economy, according to several prominent experts in real estate and the economy who attended a recent forum at the Nixon Presidential Library.  “You look at the numbers and everything points to the fact that we not only have bottomed, but things seem to be improving,” said Christopher Thornberg of Beacon Economics, citing increases in durable goods orders, exports and auto sales. [more...]

Date: 2009-09-28 21:07:59

Walk A Mile In The Loan Modification Business

by Adam Whazzer Who is there to Help Those Who are Called to Provide Help? I work at a Foreclosure Defense Law Firm which happens to also engage in the practice of Loan Modifications. I am not an attorney nor am I here to provide or imply legal advice. The Loan Mod & Foreclosure Defense business has gotten a bad rap due to some bad apples in the bunch but there are some of us who actually care about what we do and to protect Homeowners and their Families from impending Foreclosure. [more...]

Date: 2009-09-29 17:25:39

Guaranteed Loans For Bad Credit Are A Must For Your Cosmetic Surgery

by Riz Goodman Men and women equally are going for cosmetic surgery to change their looks and also to correct any abnormalities in their appearance. The motive behind all this is not very hard to fathom as in today’s world the main emphasis is always on the looks as opposed to the work and the ethics. A qualified board certified plastic surgeon is a must for the good cosmetic surgery to be done. That will happen only when you are ready to pay a big amount to the surgeon. [more...]

Date: 2009-09-29 19:30:27

The decline and fall of the evils of socialism

NY Times: A specter is haunting Europe — the specter of Socialism’s slow collapse. Even in the midst of one of the greatest challenges to capitalism in 75 years, involving a breakdown of the financial system due to “irrational exuberance,” greed and the weakness of regulatory systems, European Socialist parties and their left-wing cousins have not found a compelling response, let alone taken advantage of the right’s failures. [more...]

Date: 2009-09-29 11:16:00

Underlying Demand During a Housing Shortage

There is an impressive amount of garbage in today's headlines to sift through. Most of it, of course, is rubbish. But there are probably two main takeaways from the last 24 hours: don't fall for the earnings recovery story, and housing is still a sucker's bet in country's whose names begin and end with the letter "A". Let's take the earnings recovery story first. Tomorrow we're going to have a look at the outlook for Aussie bank earnings. [more...]

Date: 2009-09-30 04:58:24

Restoring Your credit Status

by Bob Jones A crucial aspect in maintaining a high credit status is in point of fact the contents of your credit report. The credit report is very much the history of your monetary life, contained in a comprehensive document. The credit report details the credit score, which is a numeric grade typically between 300 and 850. Most lenders use the credit score to help them make their mind up whether you are worthy of credit. Furthermore, the score is also used to conclude your capability of paying a loan. [more...]

Date: 2009-09-29 08:16:24

In The News Today

Barrick and its OTC Short of Gold Derivative Obligations: I am asked constantly how Barrick can cover all their hedges. The answer is quite simple. Barrick does not have to buy one ounce of gold. You buy your way out of hedge contracts with paper money. The simple question is what does the long side want to release the obligation in light of future possible profits on the position? What a hell of a needlessly expensive mess. [more...]

Date: 2009-09-30 19:48:55

Filing for Bankruptcy Chapter 13

A lot of people end up looking at bankruptcy chapter 13 when they get into financial difficulties out of which they simple can’t find a way out. Most of them choose to file a bankruptcy chapter 13 where the court will take your entire claimed debts and find you a plan for repayment that matches with what you can actually afford. If you are on the verge of bankruptcy, you should first explore the various bankruptcy alternatives available. [more...]

Date: 2009-09-29 13:17:05

An open letter...sort of an apology, but maybe not ...to Maryscott.

( ... from incompetent hustlers about how we must "...preserve the credit system of this great nation or we face disaster!!! Without credit, no one will be able to get loans to start businesses that run at a loss [more...]

Date: 2008-09-27 02:18:16

The Reality of Prepaid Credit Cards

by Pedro Turriago Prepaid credit cards are great for those who find it difficult to control their spending habits. They have a limit imposed by the cardholder that is solely determined by how much money they load onto it. If the person does not have money to load onto the card, then they wont be able to use the card. In short, by the time a prepaid card is used, the bill is already paid. Its probably the best type of credit card available for people who want to stay out of debt. [more...]

Date: 2009-09-30 11:13:28

Get Car Loans With Bad Credit

by Maurice Kerry Are you looking into getting car loans with poor credit, but think it may be difficult to actually get one? Contrary to what you have probably heard about people with stellar credit getting rejected by lending institutions, there are still banks and a variety of other institutions out there who are ready to deal with anyone, even if you have poor credit. Even people with poor credit and serious flaws are finding banks willing to give them funds for a new car. [more...]

Date: 2009-09-28 19:08:53

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

Get Car Loans With Bad Credit

by Maurice Kerry Are you looking into getting car loans with poor credit, but think it may be difficult to actually get one? Contrary to what you have probably heard about people with stellar credit getting rejected by lending institutions, there are still banks and a variety of other institutions out there who are ready to deal with anyone, even if you have poor credit. Even people with poor credit and serious flaws are finding banks willing to give them funds for a new car. [more...]

Date: 2009-09-28 19:08:53

Home Ownership Is Not a Dirty Word

At Economist’s View, Mark Thoma brings up a subject no one seems to want to talk about anymore - helping people with modest incomes buy homes ... , caused the subprime mortgage meltdown. They contend government regulations forced lenders to make bad loans to low-income borrowers. Thoma quickly dismisses this. Instead, he raises an important [more...]

Date: 2008-10-24 13:19:55

Bad Credit Car Refinance Options

Your bad credit car refinancing is very easy to do if you act fast after first getting your loan. Once a car loan drops below about 8,000 dollars, it is hard for even people with great credit scores to find refinancing options. Although, when car loans do drop below that 8,000 dollar mark, there are alternative methods of refinancing available so that all monthly bills can be lowered into a range that can be paid easily if income drops unexpectedly. [more...]

Date: 2009-09-29 17:57:47

Need a Payday Loan? Important Tips are Here!

Do you looking for a same day payday loan? The financial help through a no fax payday loan will be a best option for you. Getting a loan on the same day of application is not that complicated because of the increase in payday loans available today. This will help you to manage your unexpected expenses without any delay. You don’t have to waste your time on faxing documents and proofs. If you are not getting approved by one lender, don’t be panic. You can try with other lenders. [more...]

Date: 2009-09-29 18:16:13

Explaining the financial crisis to a nation of third graders

They're sure talking about "root cause" a lot these days in Washington, though, with only a few exceptions such as Ron Paul (R-Texas) ... assumption that home values would continue to rise, led to excesses and bad decisions. Many mortgage ... or not the U.S. financial system is so fundamentally flawed - based on a credit expansion which [more...]

Date: 2008-09-25 04:20:00

Weekly Economic Potpourri November 29, 2008

Every week there are a numerous headlines that are worthy of mentioning but I simply run out of time. Here are a few headline news reports of interest from the past week.Japan’s Factory Output Falls as Turmoil Hurts ExportsJapanese manufacturers reduced production in October and plan further cutbacks as a worsening global financial crisis weakens [more...]

Date: 2008-11-29 18:46:00

Finding Bad Credit Home Loans

by Tony Kid Searching for bad credit home loans will prove to you that there is plenty of help out there. So many new programs are available that it makes it almost hard not to find one that fits you and your needs. People with bad credit have more options today than they used to, due to the fact that so many people have ended up with it. If they shut out everyone with bad credit, they’d lose a vast market indeed. So don’t be discouraged if you have bad credit, there’s a way for you to get the [more...]

Date: 2009-09-29 19:44:01

Moral Hazard of the Coming Mortgage Bailout

“Why am I being punished for having bought a house I could afford? I am beginning to think I would have rocks in my head if I keep paying my mortgage.” -Todd Lawrence, Norwich, CT homeowner with a traditional 30-year mortgage > Herein lies the simple problem in trying to “save” so many mortgages: A huge swath of them should not be saved [more...]

Date: 2008-10-31 14:09:11

If You Have A Debt Problem, Then Admit It!

You Can’t Solve A Debt Problem If You Deny Its Existence.  If you have a major debt problem and want to end it, then go look at yourself in a mirror and say, "I have a huge debt problem, it’s suffocating me, and it’s taking away my freedom", or whatever words feel right to you. If it felt real and you shuddered, then you’re most likely ready to start getting out of debt, but if you think that having overwhelming debts is: a) no big deal,b) something that everybody has right now,c) something [more...]

Date: 2009-09-30 20:42:18

Profiting from Payday Loans in 2009

On an otherwise normal evening in 1964, a woman known as “Miss Witness” received a disturbing telephone call from alleged loan shark Frank Sacco ... . Prices are still crashing - currently sitting about 35% below a year earlier. Credit is nearly frozen. Banks and credit card companies alike are buckling down and leaving very little money free [more...]

Date: 2009-01-16 19:38:12

Pernicious Nonsense

(updated below) The emerging right wing narrative about how our country came to be embroiled in the current economic crisis is not only completely ... Reinvestment Act, they punished banks that didn't make enough loans to people who do not have the credit ... risky loans. Moreover, the law only applies to banks and thrifts. As Tim Westrich points out: W [more...]

Date: 2008-10-02 22:03:39

An Anti-Masterpiece Of Timing In California

The Mercury News reports from California. “John Gronley bought his dream home nine years ago for $625,000. Its paper value peaked at $1 ... through people such as a former loan agent at a small San Leandro brokerage.” “‘We called them ‘ ... who could never afford a loan on a $400,000 house. At least once a month we’d all look at each other [more...]

Date: 2008-10-04 17:43:14

Refinancing Your Mortgage With Bad Credit

by Chris Bird So many people are trying to refinance their mortgages today. A lot of people are doing this because they have lost their jobs and are getting less income. The income from unemployment is only a certain amount of what your income is when you are at work. The only problems with trying to refinance mortgage with bad credit is that they are getting turned down either due to lower income or due to having bad credit. Unfortunately, a lot of people have bad credit and can’t get a loan. [more...]

Date: 2009-09-28 13:05:49

The Bank Life: Isn't It Swell

With banks getting preferred treatment by governments across the world, one wonders what life as a bank might be like ... of this former Dire Straits hit. Does a bad credit score hike your borrowing costs in real life? Again, better ... the drunk driver can crash into a wedding party, killing most attendees and wrecking the car. At that point [more...]

Date: 2008-11-28 16:28:23

Trouble for Barney and Friends

I’ve got many criticisms from Leftblogosphere because I continue to criticize the lending and borrowing practices that have left Fannie and Freddie ... in the 1980s.  I do think it is completely bad banking as well as unfair to everyone involved to place people in mortgages that they cannot possibly pay.  I’ve always supported special bond financing [more...]

Date: 2008-12-09 17:20:09

How Wall Street’s Scam Artists Turned Home Mortgages Into Economic WMDs

By Joshua Holland, AlterNet. Posted October 18, 2008. The titans of high finance are trying desperately to shift blame for the crisis onto others, but this dead cat lies squarely on their doorstep.   If the ABCs of the financial meltdown leave your head spinning — if “default swaps” and “collateralized debt obligations” and “high-rated [more...]

Date: 2008-10-18 23:12:49

Wall Street bailout: Congress 'must move'

by Mark Silva With leaders of both Democratic and Republican House ranks blaming each other for the initial failure of a $700-billion federal ... if the government does not act to unlock financial markets frozen by bad mortgage debt threatening a credit crunch at every level of the economy, threatening everything from home loans to car loans [more...]

Date: 2008-09-29 21:35:44

Progressives Have Come Up With A Bill Worth Backing But Will Rahm Emanuel And His Allies Kill It?

Yesterday Alan Grayson, the Blue America endorsed candidate for the Orlando congressional seat held by pathetic Bush rubber stamp Ric Keller, ... bad choices, then "credit" (mortgages, car loans, business loans, etc.) will disappear ... was created, whenever there was a need to ease credit, the Federal Reserve lowered interest rates and bought [more...]

Date: 2008-10-01 09:30:00

The Past Is History

It’s Friday desk clearing time for this blogger. “Since she put her Norfolk rental home on the market four months ago, ... against their home equity through subprime loans will find it virtually impossible to refinance ... , now their loans are adjusted and they can’t make the payments,’ said Daniel Murphy, owner of Seaside Mortgage Co [more...]

Date: 2008-10-10 20:55:09

Bill Maloni: You Want to Blame Who?

Doom friend and former long-time Fannie Mae Chief Lobbyist Bill Maloni has once again given us permission to re-post his most recent blog article ... ,” (Mischief Makers for McCain). This fact came home to me this past week, when last Sunday I drove ... of the residential real estate and everything else bad in the US markets. ATTACKING THE GSEs [more...]

Date: 2008-10-06 07:05:57

We’re Never Going To Go Back To The Heyday

The News Journal reports from Delaware. “For Delaware in particular, key industries are sensitive to national economic conditions ... a certain credit score. Deborah combined the No-Document Loan with another loan and was able to buy ... . That point has been hammered home in recent weeks with employers dumping bad news on workers. ‘” [more...]

Date: 2008-10-24 15:48:52

Bad Credit Mortgage Refinance Options

by Natalie Totty Many people that have bad credit are looking to refinance their home. They should know that it is really not that hard to do and is not impossible. Contrary to belief, there are lenders out there that are bad credit mortgage lenders and offer bad credit mortgage refinance to consumers. They can tell you about all the many types of loans that you could qualify for, even if you have bad credit. If your credit is not too bad, they can also help you finding financing options as well. [more...]

Date: 2009-09-28 09:37:26

Bad credit homeowner loans: Maneuvering bad credit towards reconstruction

Bad credit is creation we persperate with a heater incited on. That should not be function if we own a home. A homeowner with bad credit has hoards of options categorized underneath a name of bad credit homeowner loan. Loan marketplace has reorganized loan borrowing opportunities in a form of bad credit loans for Homeowners so that they can strike standard unfolding compared with bad credit namely rejection. Todays homeowner knows what he owns. Credit mistakes dawdle on your credit inform for 7-10 years. [more...]

Date: 2009-09-28 08:12:12

Down To Free In Florida

The News Press reports from Florida. “The Fort Myers/Cape Coral metropolitan area ranks third nationally in foreclosures, ... . Problems also arose when individuals who didn’t have the means to own a home took ill-advised ... Every waiter and waitress in town was buying a home.’” “Now, the backlog of homes for sale is 22 months [more...]

Date: 2008-11-11 15:16:46

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