Lessons Learned From Losing a Quarter Million Dollars

About the author: This guest article is presented by Debtkid, who recently begun working part-time for LendingClub ... that day, I made over $15,000 in a few hours with my laptop. I was 22 years old. Too bad I was already ... first with stocks, then options, then currencies. I gained access to capital from credit cards, personal [more...]

Date: 2008-11-26 12:30:53

Blog posts (500) | Videos (317)
 

Mortgage Market Week in Review

Well, here we are on Friday again. Are you getting motion sickness from all of the news and rumors that are flying back and forth? ... credit, but at least good credit, 3) sufficient verifiable income to support the loan request ... about today: The Bailout/Rescue Plan, some very weak economic reports, the credit markets and do bankers [more...]

Date: 2008-10-03 18:26:32

Sleazy Option ARM Advertisements

I wrote this article on Active Rain, about two months ago.  It’s got legs in the comments’ thread over there ... is to claim that you KNEW it was bad for the customer. The opposite is actually true I’m pretty ... am as a financing alternative deserves the billions in write downs and losses in stock options [more...]

Date: 2008-08-08 03:03:37

Should You Walk Away From Your Home?

(source) Despite the struggle, most responsible homeowners don’t think twice about whether they should make the mortgage payment each month ... back from bad credit and don’t want to let your credit score sink again. Whether you choose to fight ... a shot at a loan modification, when you can just take the “Free Housing For Six Months Package” [more...]

Date: 2008-12-03 22:29:29

Gambling on Credit

Like buying a house, credit cards at one time were rewarded to those who were able to pay interest on the loans they represent ... qualification to sub-prime lending. When we became bombarded by constant pleas to take another credit card ... pay off their credit cards. They're rolling them from one month to the next and that's a bad sign [more...]

Date: 2009-01-04 20:30:00

Would the Last Honest Reporter Please Turn on the Lights?

An open letter to the local daily paper — almost every local daily paper in America: I remember reading All the President’s Men and thinking: ... , but when they can’t make the payments, they lose the house — along with their credit rating. They end up worse ... loan?  It’s a loan that the recipient is likely not to be able to repay. The goal of this [more...]

Date: 2008-10-31 05:00:52

Fast Access To Monetary Relief For Non Homeowners

by katie George For a homeowner, there is nothing to worry while availing loans. However this is not the same for tenants as well as homeowners ... with bad credit problems. Al though the interest charged will be relatively higher than the normal rates ... can get the required finances by opting for other alternatives in the form of instant tenant loans. [more...]

Date: 2009-01-01 10:46:23

The Poverty Business

Sorry if this appears to be an older article, and not latest headlines, just thought it was interesting - loki The Poverty Business Inside U.S ... into Byrider, Tsosie drove off, jubilant, in a 1999 Saturn subcompact she bought entirely on credit ... access to credit has put cars, computers, credit cards, and even homes within reach for many [more...]

Date: 2009-01-15 00:45:24

How Wall Street’s Meltdown Helps Main Street’s Housing

Just for fun, let’s imagine a possible silver lining to the complete melt down on Wall Street ... to extend car loans, credit card debt, retail debt and so on.  But this may not be all bad ... are up and his long commute is killing them.  They need to buy a different car.  “But no one is lending money [more...]

Date: 2008-09-19 13:00:15

Consumers' New Found Embrace of Savings Will Make for a Nasty Downturn

The blow to many Americans' net worth via diminished home values and shrunken retirement accounts has lead to a new found insecurity and ... by credit card companies, banks, and auto lenders getting more stringent and, where applicable, cutting back on credit lines. Thus, consumers suddenly (at least for now) want to be savers (note [more...]

Date: 2008-10-21 04:06:27

Want to come upstairs and see my credit score?

When should you do it? On the third date? After meeting her parents? Half-way through the first date? When it just feels right? ... . But unlike family ties, it can be nearly impossible to sever yourself from bad credit. This column ... significant other about his or her credit score probably makes you squeamish, but it’s a subject [more...]

Date: 2008-08-19 10:00:00

Who’s To Blame for Tech’s Woes? You and Me

The last time technology investments took a hit, it was easy to look around at the scattered sock puppets and dark fiber, ... t their wholehearted embrace of the web — it’s consumers’ wholehearted embrace of credit. That’s right, this tech ... debt, in the form of home equity loans and credit financing, which they’ve used to buy fancier cars [more...]

Date: 2008-10-31 04:01:17

Five good things about bad times

Sometimes it’s hard to see that good can come from bad - especially when you’re in the middle of a tough or traumatic experience. But in reality ( ... (financial or personal) so many of us are going through. Here are 5 unexpected benefits from living through the bad times: 1. Seeking Self-knowledge.  Ok, you lost or job, and that is sad and scary [more...]

Date: 2009-01-06 04:42:06

Being Aware Of The Catches In Loans

Taking a loan is not like going on an expedition to the North Pole 200 years ago, when one did not know if one would ever get back alive. [ ... URL=http://www.badcreditloanservices.com/bad-credit-personal-loans.html Loans /URL certainly ... . If your responsibility is clear, your security, be it home, car, or other collateral will not be lost. Another way [more...]

Date: 2008-12-30 18:42:13

Bail Me, Stimulate Me

In a week that signaled much worse is coming, perhaps the more dismal indication on the financial front was that Democrats finally had a chance to ... the kind of behavior that got us here: more bad loans to the wrong people won't en our crisis; they make ... . If that sounds bad, it shouldn't; this week's debate on TARP had essentially the same contours [more...]

Date: 2009-01-16 20:24:10

Devise your own Credit Repair Plan

by Rob Kosberg You found yourself in a very bad financial situation. You may feel emotional, hopeless, guilty or all of them ... . You will be particularly concerned with credit cards and perhaps small loans. List the cards with highest ... income. This is the amount of your salary that goes for necessities such as mortgage, car loans [more...]

Date: 2009-01-14 23:53:58

19th Finance Fiesta!  I hope you checked them out, if not be sure to look at all the great posts ... t dream anymore“, and I gotta agree Mrs Micah talks about throwing good money after bad, for me it’ ... want to because my DH is feeling the itch before the weather gets bad! My grandmother [more...]

Date: 2008-10-09 13:00:05

Who’s Being Held Accountable by Rambling Raven

Who’s Being Held Accountable?       by Rambling Raven                             What a start to 2009 ... to the rescue? Everyone I know who has bad or questionable credit can’t get a store department credit ... of the U.S. economy and over the weekend five students were shot here in Chicago following an argument [more...]

Date: 2009-01-10 21:41:40

Opportunity For Beginning New In Life

by katie George It is not surprising that more and more people are making payment faults as they continue to spend beyond their earnings ... up to 15 years. Take out your credit report and check it for any misrepresentation of the payments ... to financial mess as well. However, bad credit loans can fund their variety of needs [more...]

Date: 2008-12-27 14:27:14

Inefficiency of Indian Education System

It is a severe misnomer that most carry about the term education, it being some structured syllabus taught only in schools. In Indian context one may add ‘Government recognized schools’. Thereafter the individual must pass certain examinations and should hold relevant certificates to as a proof of that [more...]

Date: 2009-01-02 02:23:54

Bush’s Speech On The Bailout Tonight

Reprinted in full… THE PRESIDENT: Good evening. This is an extraordinary period for America’s economy ... . As uncertainty has grown, many banks have restricted lending. Credit markets have frozen. And families ... credit. As a result, our entire economy is in danger. So I’ve proposed that the federal government [more...]

Date: 2008-09-25 02:38:52

The Homeowners Know The Truth In California

The Sacramento Bee reports from California. “California’s free-falling home prices sparked a fourth straight month of year-over-year sales gains ... a record 40.3 percent from July 2007, CAR reported. ‘Deeply discounted, distressed sales continue to drive volume in many regions of the state,’ CAR President William E. Brown said in a statement.” [more...]

Date: 2008-08-26 20:18:43

My Frugal Story by Green Panda

The following is a guest post by Green Panda of Green Panda Treehouse.  If you like this post, consider subscribing to her RSS feed ... financial mistake was getting a auto loan for my current vehicle. I had one car loan before but got ... a nominal amount for rent at my mom’s place. I got a credit card in college and like many of my friends [more...]

Date: 2008-09-02 11:00:16

Finance Has Lost Sight of Its Role

Why are we in the mess we are in? There are lots of proximate causes: overleverage, global imbalances, bad financial technology that lead to widespread underestimation of risk. Readers can no doubt improve on that list. But these still are all symptoms. Until we isolate and tackle fundamental causes [more...]

Date: 2008-11-24 04:32:53

Next Stop For the Housing Crash: China

Chinese government economists and regulators are speaking publicly about systemic risks in real estate ... them to tighten loan approval processes. Lending standards at Chinese banks are notoriously lax. The Chinese government uses the institutions as cash machines to provide cheap financing with little [more...]

Date: 2008-07-24 11:35:00

Why Didn't Regulation Save Us?

The story being pushed by many is that somehow, George Bush reduced regulation too much, and that was the cause of many of our current fiscal woes. Of course, when people try to sell this particular tale, they are amazingly devoid of facts ... that things will be safer/better/more efficient. Rather, the type of regulation, and the people [more...]

Date: 2009-01-13 17:28:10

News and Blogs: Wednesday, November 19, 2008

5 Money Mistakes in a Bad Economy. Here are the mistakes: continuing to use credit cards, withdrawing or taking a loan from your retirement funds, paying for college without loans, grants, or scholarships, neglecting to invest, and taking home-equity loans. Bid to Ban Sale of Obama Tickets. Tickets to presidential inaugurations have always [more...]

Date: 2008-11-19 18:00:30

6 Steps Towards Financial Freedom in 2009 and Every Year

CC photo by extranoise Among the melting pot of New Years resolutions posts over the next week you’ll see a lot of the familiar staples: ... you’re in good or bad standing financially, without a concrete budget you’re in no place ... to Stop the Bleeding If you have any credit card debt that carries over from month to month, attack [more...]

Date: 2008-12-28 22:33:33

36 Symptoms Of Money And Financial Problems

Are you headed towards a financial disaster? You may not know it yet but your current lifestyle could be leading you into a pit of debt ... off old debts. money-problems You get denied or turned down for a loan or credit card ... some people are oblivious of their state, a good number also try to live in denial of their bad [more...]

Date: 2008-09-04 00:21:23

Even Celebrities Can Fall On Hard Times And Face Home Foreclosure

When you think of Ed McMahon, you don’t exactly associate or lump him with big time wasteful spenders like MC Hammer and some of the other well ... their money into bankruptcy on trivial pursuits. No, when you think of Ed McMahon, you think ... bubble and credit crisis seems to be quite merciless and universally brutal, even to those who simply [more...]

Date: 2008-06-09 01:18:36

Mortgage Market Week in Review - Jobs….

Well, it’s Friday again, everyone is back in school, my 18 year old is off to college (only 35 minutes away but still) ... to 6.1%, the highest level in, I believe, 5 years.    The numbers were not only bad, they were worse than ... . 2. It’s probably also a byproduct of the fact that the credit crunch is moving from just being [more...]

Date: 2008-09-05 20:35:23

What You Need to Know About Refinancing

by Mary Bush Refinance loans allow you to take an old loan or several old loans, and redo your deal ... . It is the easiest way out of a foreclosure, but with bad credit, interest rates will be high. The current ... . In today’s economy, some banks are refinancing mortgages so that distressed homeowners can better [more...]

Date: 2009-01-06 17:05:01

What People Are Forgetting About Bailouts

Jerry Remmers recently had a guest post on TMV that summarized what is at stake in the Big Three Bailout ... of ideas is credit availability and solvency. I don’t think I have to waste many words describing how we are a credit driven economy, as that’s obvious. What is of more importance is that nearly [more...]

Date: 2008-11-16 18:55:18

Retail Sales Plummet: The Consumer Crunch Arrives

Retail Sales Plummet: The Consumer Crunch Arrives Posted by: Michael Mandel on January 14 I haven't been tooting my own horn very much, ... to $300 billion, or 2%-3% of personal income. Reduced access to credit will combine with falling real ... , Americans have kept shopping through good times and bad. In every quarter except one since 1981, consumer [more...]

Date: 2009-01-14 17:09:26

Tremblay: Anatomy of the American Financial Crisis

Old Doom friend, Montreal-based economist Rodrigue Tremblay, is allowing us to re-post this thoughtful article that explores the origins of the present crisis and suggests what must be done in the immediate future. Both Twist and I suspect that his prescriptions are closer to a practical plan than the ad-hoc improvisations we’ve seen coming out [more...]

Date: 2008-10-13 07:01:36

Gates of Vienna News Feed 10/14/2008

A significant news story this evening: after a year, the murder of those teenage girls in Texas has officially been termed an “honor killing” by the FBI. Needless to say, the Muslim lobby is not happy about this.Also, a Swiss government minister says her country needs to import more foreign workers.Thanks to Abu Elvis, C [more...]

Date: 2008-10-15 03:29:00

Conspiracy of the Lemmings: Barack Obama and the Strategy of Manufactured Crisis; Part II

Cross-posted by Maggie at Maggie’s Notebook By Jim Simpson Note: I am indebted to the incredible efforts of many bloggers, who did the yeoman’s work of ferreting out many of the hard-to-find facts in this article. I particularly want to thank David Horowitz and his Discover the Networks team, Trevor Loudon of New Zeal blog, Cliff Kincaid, [more...]

Date: 2008-10-31 14:25:21

GLOBALISATION AND ITS IMPACT ON WALES

Polish road signs are now a common sight all over Our CountryRight I am going to do something a little different with what may be the penultimate post of the year.But before I start it, I would like to give a public thank you to Ancient Brit who provided me with the information I will be publishing [more...]

Date: 2008-12-31 08:52:00

Gates of Vienna News Feed 1/8/2009

The latest word is that an agreement with Russia has been reached, and the flow through the gas pipeline will resume.Also, look for the storming of the Israeli consulate in Montreal, as well as other Gaza-inspired violence around the world.Thanks to AA, Abu Elvis, Insubria, JD, Tuan Jim, Vlad Tepes, and all the other tipsters who sent these in [more...]

Date: 2009-01-09 04:49:00

Another Day, Another Bailout (Or, How I learned to Stop Worrying and Love Giving AIG $85 Billion)

After holding strong for ONE weekend and not bailing out Lehman Brothers, despite the hissy fits of bankers from Barclays and Bank of America, ... into conservatorship, has instead offered a line of credit to AIG allowing them to borrow up to $85 billion ... that most of these amounts are loans, and the government stands to profit from the upside [more...]

Date: 2008-09-17 05:49:14

Gates of Vienna News Feed 10/8/2008

As of tonight the news feed has been up and running every day for three months (except for when I’ve been away).I’ve received a few complaints about it. Some readers don’t like to have to scroll through the headlines to get to the good stuff, and others don’t want me to waste space on American news stories which are being covered thoroughly [more...]

Date: 2008-10-09 03:43:00

BEWARE: New Wingnut Talking Point Blames Dems for Crisis

A long, long time ago in a galaxy far, far away, we lived in a country ruled by a couple of corrupt oil men and their cronies ... the price of gas, so critical to the pocketbooks and personal economies of all Americans. Ideally ... back and waited to reap the electoral benefits. And then something happened: the bad guys got [more...]

Date: 2008-09-21 02:56:47

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

Bad Credit Loans

Are you short of money? Scared that you may not be able to buy your own house you promised your wife this birthday? ... to know more visit the site. They also have extensive material on how to clean up and repair bad ... Planning to apply for a loan but don't have a good credit to get one? Then stop worrying. Bad [more...]

Date: 2009-01-12 16:38:32

Online Loans

by Dave Davis Most of us need extra cash from time to time and sometimes it’s hard to get our hands on it ... is generally direct deposited into your checking or savings account. You will usually get the money ... information that if retrieved by the wrong hands could really damage your credit score and identity [more...]

Date: 2009-01-05 00:42:52

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

The Fed Translated….

The Federal Open Market Committee decided today to lower its target for the federal funds rate 50 basis points to 1 percent ... Greenspan is being blamed, in part, for causing the credit crisis by leaving interest rates too low ... the world is damping the prospects for U.S. exports when other countries are in bad economic straights [more...]

Date: 2008-10-29 20:41:31

Boston Tea Party Presidential candidate Charles Jay answers Obama-McCain debate questions

Posted at cj08.com (I wasn’t invited to Friday night’s presidential debate, but you knew I was going to weigh in anyway. My “participation” comes in the way of interspersing my responses into the actual text of the debate, which you will see below. All of those responses to the questions asked by moderator Jim Lehrer are in bold type [more...]

Date: 2008-09-27 18:49:05

The View From Southeast Michigan: Economy

When I wake up everyday, I wake up in Southeast Michigan the Macomb county part, the view isn’t all that great.  The gas prices may be down but are still high enough to put a hurtin’ on your pocketbook.  Jobs are constantly being lost, last month I heard a couple guys talking about how their plant just shut down with little notice [more...]

Date: 2009-01-02 18:52:25

Предсказания Кюнстлера на 2009 - США, Нефть, Геополитика, Путин

Спонсор месяца - #1 RX pharmacy affiliate program!Сайт дня (как попасть) - http://www.business-magazine.ru/There are two realities "out there" now competing for verification among those who think about national affairs and make things happen. The dominant one (let's call it the Status Quo) [more...]

Date: 2009-01-01 07:59:00

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