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

Blog posts (244) | Videos (249)
 

3rd Wave of Foreclosure Hits The Jobless

People With Traditional Mortgages Who Have Lost Their Jobs Are Now Facing Foreclosure (CBS) ... up. With a government job, good credit, and a 30 year fixed rate loan on her southern California house, Judy ... swept up are not greedy investors, or people who got in over their heads with bad loans, reports CBS [more...]

Date: 2008-11-29 06:00:20

Automobile Loans After Bankruptcy

by Thulas Sukati Although some people have enough money to buy a car from savings, ... to be fixed as a bad credit or any error may affect your rate and you may have to pay more interest ... loans like dealers, credit union, bank, or online lender and it is better to shop around first before [more...]

Date: 2008-09-25 21:14:49

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

Christmas Loans: Have It Your Way On Christmas

Christmas is getting closer and people start getting prepared ... they can be approved within less than a day. But this also means that bad credit applicants, no credit ... the repayment, they agree with them to refinance the loan and settle a new repayment [more...]

Date: 2008-11-05 14:51:07

Get A Fast Cash Loan, Pay Through Your Nose

If you’re hoping to get a personal loan , be wary of where you look! You’ve got limited options when you have bad credit and are in a financial bind. While a lot of people may not have much sympathy for consumers who have fallen into this trap, I can see just how easy it is to get in this position. What if you just don’t make enough money? What if you work a menial job and end up with a chronic illness? A lot of people are one accident or health problem away from going broke. [more...]

Date: 2009-09-23 07:36:40

Cash Loans without Any Hassle in UK

Payday Loans can be a savior for people who are short of money ... they occur. It's like a dream for bad credit holders that they can negotiate additional funding through a loan and in hours without formalities and wasting time. The candidate may propose Payday Loans at any [more...]

Date: 2008-11-01 12:18:01

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

Bill Heard Goes Down

As you may have heard, Bill Heard just filed for bankruptcy protection. Who is Bill Heard? The details: Bill Heard Enterprises Inc., the largest U.S ... like he took on too many bad loans: Industry analysts say, Heard couldn’t overcome what had become a flaw in his business model: high-volume but low-profit sales targeting people with blemished credit [more...]

Date: 2008-09-29 18:30:22

Tucson: More People Fighting Evictions

The ailing economy is keeping things busy for the Tucson courts these days Lawsuits over unpaid debts and other financial disputes are up 33 and 45 ... filed over bad checks, repossessed vehicles, loan defaults, credit cards and other contract disputes [more...]

Date: 2008-11-02 15:41:59

Bonnie CLAC

Typical car loans come at high rates of interest for people whose credit is not top-notch. So low-income people end up driving unreliable cars that get bad mileage. Bonnie CLAC is working to change that equation. [more...]

Date: 2008-12-27 13:02:48

Fast Way to be Free from Debts

.fullpost{display:inline;}Debts are the consequences for people who often take loans as the solution to completing the needs such as cash flows, ... game. No matter if you have good or bad credit record, the debt counseling from this website ... education, or car finance. If you have a good and structured management on your finance [more...]

Date: 2008-12-24 17:25:00

Opportunities for Foreclosure

There are many people who are not aware of the terms and conditions of foreclosure ... their credit in the world of foreclosure. You can also get rid of your bad credit within limited span ... is not able to pay the loan on time then the lender has the right to sell the property and recover the loss [more...]

Date: 2009-01-17 13:33:57

The Car Bailout

I've grown up around people who work for GM all my life, my mother worked for them, most of my friends parents worked for them, ... , etc.This has led to them taking out loans and racking up huge credit card. From what I could tell ... out bad also, they might maintain their jobs. But I know how GM workers behave. A lot of them think [more...]

Date: 2008-12-20 17:05:00

Banks and Consumers Are the Problem, Not Bad Assets

Treasury Secretary Henry Paulson announced that he has shelved the original plan to buy troubled mortgage assets via the recently approved $700 ... loans, student loans and credit cards. This is creating a heavy burden on the American people [more...]

Date: 2008-11-14 12:14:14

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

Wall Street bailout plan to include more than bad mortgage debt: Feds to absorb unpaid bar bets, inadvertently laundered postage stamps, unredeemed soda cans and insufficient tooth-fairy disbursements

Totally absurd? Think twice: In the dark of night over the weekend when most people were snoozing, the Treasury dramatically expanded its bailout plan to include buying student loans, car loans, credit card debt and any other “troubled” assets held by banks. The changes, which were included [more...]

Date: 2008-09-23 06:05:06

American introspection after collapse

Every time I write on the subject of our "economy of consumption," I get loads of e-mail ... of people receiving loans that should not of been allowed to have a credit card, but greed again ... and planning (See Ford, GM, Chrysler). I don't know how bad this correction is going [more...]

Date: 2008-12-07 13:27:07

Need a Loan?

As today’s crisis in the world a lot of people surely stretching out their budget ... . They offer a Payday Loan Easily in the United States without collateral at all. Isn’t good for those who live in the US? Just proved to them that you have a stable job even if you have a bad credit [more...]

Date: 2008-10-20 12:53:36

BIG Problems Need Simple Solutions; A Bailout Plan that Works

Two months ago, hardly anyone knew of credit default swaps, commercial paper, mortgage backed securities, and mark to market accounting ... removed from Wall Street and Capitol Hill. People took out loans that were leveraged against property ... , what we desperately need is a simple solution for people who borrowed too much money and made a bad [more...]

Date: 2008-10-10 20:38:59

Chapter 13 Auto Loans

WashingtonAutoCredit.com has been helping people in Chapter 13 Bankruptcies buy cars since 2003 ... :Buy a Car with Bankruptcy it is Easier than you think. Some people think of a Bankruptcy as a last resort....Car Dealers Lie to Another Customer with Bad Credit It happened again. We had a couple [more...]

Date: 2009-01-09 19:22:40

No shit, Sherlock...

You mean there were people who saw this coming? And said something about it? And no one listened? Why does that sound like Bush's America to me? ... were often inappropriate for buyers with bad credit. -Banks would have been required to increase ... new guidelines for banks writing risky loans. Today, in the midst of the worst housing recession [more...]

Date: 2008-12-02 08:14:07

Help! Poor Black People Are Stealing the Election from Rich White Guys

By Lloyd Hart You may have noticed over the last week the word acorn or to be more exact A.C.O.R.N ... bought all those bad loans (and have an automatic government rescue program to their charters ... practices in minority neighborhoods - a deliberate practice of banks not providing equal access to credit [more...]

Date: 2008-10-11 21:55:03

Shopping and Saving Money...

Oh, for the good old days when people would stop Christmas shopping when they ran out of money. ~Author Unknown So... ... has a mortgage, we own everything. No loans. No credit card debt. We lived on hand-me-down furniture ... . I thought -- heck, it's NOT the weekend, and it's early in the morning, it shouldn't be too bad. WAS I EVER [more...]

Date: 2008-12-06 10:17:42

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

Despite Credit Crunch, Peer To Peer Lending Remains Popular

After launching in 2005, Zopa has managed to recruit over 200,000 lenders and loan takers, the peer-to-peer lending website reports. The loans that Zopa has enabled between people as funded ... %, and over the last three months a much higher 8.9% (after charges and any bad debt). Given these rates [more...]

Date: 2008-07-07 21:03:54

The vast majority of people are not in trouble.

  Most of the consumers you talk with will not have a good handle - I am not sure anyone does yet - of the nature of the credit problem ... that a financial institution or Fannie/Freddie issued and now holds in their portfolio is reported as a bad ... they do not have enough asset value in the home to cover their loan.       *     Remember the [more...]

Date: 2008-09-30 12:45:59

How to find what you require in the matter of funds

Increasing crowds of residents are objecting the deficiency of loan opportunities above all since the credit crunch took over. However there are these days a number of products available like bad credit credit cards , payday advance, unsecured loans bad credit. This is brilliant news for the persons who have been rejected by standard financial institutions. These days larger numbers of people have the chance to receive funds when they require it the most! [more...]

Date: 2009-09-22 03:38:03

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

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

We’re Still a Nation of Spenders, Not Squirrels

Will we be spenders or savers? It is a big question for the economy. Without a rise in consumer spending it is hard to get economic growth. It is also a big question for retailers and other businesses relying on consumer demand. The evidence on what has been happening so far is mixed. Official figures suggest that retail spending has held up better than many other parts of the economy, with a 2.1% rise in sales volume last month compared with a year earlier. [more...]

Date: 2009-09-30 18:56:25

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

We're Still a Nation of Spenders, Not Squirrels

Will we be spenders or savers? It is a big question for the economy. Without a rise in consumer spending it is hard to get economic growth. It is also a big question for retailers and other businesses relying on consumer demand. The evidence on what has been happening so far is mixed. Official figures suggest that retail spending has held up better than many other parts of the economy, with a 2.1% rise in sales volume last month compared with a year earlier. [more...]

Date: 2009-09-30 18:03:11

Fed decided to Institute Curbs On Issuers of Credit Cards

On Tuesday rules have been proposed by the Federal Reserve to end banks’ ability to apply credit card payments to balances having lowest interest rates first, implementing legislation Congress passed in May. The Fed also proposed that before charging fees for transactions that exceed credit limits creditors obtain consumers’ consent. The Fed said in a statement that restrictions on lending to people under the age of 21 and subprime credit card fees were also included. [more...]

Date: 2009-09-30 12:56:49

Student Loans Master Plan: Tips to Unearth the Easy Colleges

September 30, 2009 | By Barlena Axelsson In Finance | by Dorothy WestIf you are requiring bad credit student loans, you have fought with ruined finances in recent history, or have not had time to gain a good credit rating. Both of these aspects contribute to what is known as bad credit rating, and getting student cash under either one of those circumstances can be difficult in the ideal scenario.There are several processes you can utilize to make bad credit student loans possible to gain. [more...]

Date: 2009-09-30 18:56:02

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

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

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

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

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

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

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

Credit Crisis Sequel, Global Bank Bailout, Emerging Markets Still a Buy?, Gas Wars and More!

Ghosts of the fourth quarter haunt global financials… so begins the second act of the credit saga… Even the IMF needs a loan… $150 billion to back ... advice… with S&P 500 price targets… Plus, Russia-Ukraine gas dispute not yet over… a reader ... predicted today. According to Morgan’s report, profits at HSBC will decline “sharply” this year [more...]

Date: 2009-01-16 15:28:24

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

Opting For Bad Credit Refinance Is Like Walking On Thin Ice

Opting For Bad Credit Refinance Is Like Walking On Thin Ice by Angus GuyWondering whether it is possible to get a bad credit refinanced or not? Well, you can most definitely get a bad credit refinanced as there are several people who take to this recourse. Normally, your credit ratings dictate the future prospects of availing a further credit. However, despite the low credit ratings; Bad Credit Refinance is definitely an option available.The bad credit situation is a result of various factors. [more...]

Date: 2009-09-30 21:56:17

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

Government help for the bank lending: just “get on with it”

Last weekend the Prime Minister announced yet another “anti-recession” plan which included the “creation of up to 100,000 new jobs” ... that households are reining in after the years of credit-fuelled excess. Two key indicators are housing equity ... and car show rooms. The saving ratio collapsed in late 2007 and actually turned negative [more...]

Date: 2009-01-08 21:14:21

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