5 Reasons Why Stocks and Commodities Will Soar Over Next 9 Months

Right now we're in an Alice in Wonderland world where the government not only wants to spend $700 billion on buying up banks' bad debt but it also ... , you realize you’ve got one last option. You have $25,000 worth of unused credit lines you could tap ... the credit lines and pull a rabbit out of a hat -- come up with a brilliant marketing campaign [more...]

Date: 2008-09-24 19:28:43

Blog posts (176) | Videos (7)
 

‘Contrived Default’

from sddt.com Barratt American, the Carlsbad-based homebuilding firm, and three affiliates, ... didn’t help matters, Pattinson said when Bank of America yanked its $125 million credit line ... on that line when the bank balked. Pulling credit lines and not renegotiating loans has become [more...]

Date: 2008-12-30 06:04:42

Morning Commentary

Start with Markus K. Brunnermeier. While the overall mortgage losses are large on an absolute scale, ... or other loans as collateral...To ensure funding liquidity, the sponsoring bank grants a credit line ... vehicles, and then granting a credit line to that pool to ensure a AAA-rating, allowed banks to reduce [more...]

Date: 2008-11-20 12:11:23

How to Receive Money from Reverse Mortgage

by Mulroony Vanrock A senior gentleman called me last Friday ... which lasts in perpetuity. The 3rd choice is to opt for a line of credit. In this circumstance ... . An important point about the line of credit is the unused portion of the line is actually accruing interest [more...]

Date: 2009-01-15 08:54:22

Equity Line of Credit:Is this the Answer to Your Financial Needs?

by Doc Schmyz We all know by now that home owners have a hidden savings account…its called HOME EQUITY ... Line of Credit? With a typical loan, which deposits a set amount of money in your account and begins ... lots of uses for a line of credit loan…but here are some of the most common examples. Consolidate [more...]

Date: 2009-01-05 19:12:07

Los Angeles Mortgage Rates Report: January 14, 2009

The US Treasury Department has been supporting the mortgage bonds market, in order to keep mortgage rates under 5% ... , their funding line gets filled up.  Imagine a funding line (sometimes called a warehouse line of credit) like a big credit card,  Normally, a big bank needs, say $100 Billion for its line.  The unexpected [more...]

Date: 2009-01-14 06:35:15

The Early Bird: September 18, 2008

Central Banks Announce $180 Billion Credit Line To Encourage Lending In a move aimed at easing a worldwide credit crunch, the U.S ... of central banks that will, in turn, provide new lines of credit to firms who would otherwise face ... will no doubt take some lumps today following an AP report that notes he's never visited or held official [more...]

Date: 2008-09-18 14:14:03

Credit Uncertainty

With the economy the way it is right now, it can be a little uneasy trying to find a credit agency to extend a line of credit to you ... , annual fees or spending capabilities. Being smart using your credit card starts with find the right ... about finances. Credit Cards provide an excellent back for those unforeseen emergencies. Check [more...]

Date: 2008-10-20 04:13:18

Credit Card Updates and the Sad State of Affairs

Katybug scored a Chase Continental Mastercard with a huge $1900 credit line. The size of the line is not important but the size of her bonus is ... our credit report clearly shows our South Carolina address. We will send it all off tomorrow ... . Her Citi Aadvantage Platinum Worldcard approval is delayed. They want a copy of a pay stub, phone bill [more...]

Date: 2008-11-30 11:23:59

The Identity Theft Epidemic : What The Experts Aren’t Telling You

Picture yourself walking down the street, all alone. It’s late at night ... , when they could simply use a person’s information to obtain employment, credit cards, and lines of credit ... for several years, and there has been a large public awareness campaign since the FTC Report in September [more...]

Date: 2008-10-18 07:42:48

Free credit monitoring services

Today is the deadline to sign up for nine months of free credit monitoring by registering to participate in a class-action settlement with ... for marketing uses, a practice the Chicago credit bureau says did not violate the law and was discontinued in 2001. More details from the article: Consumers who had an open line of credit or a credit [more...]

Date: 2008-09-24 21:37:49

“To the Bunkers!”: Central banks slash rates in emergency “midnight” meeting By Mike Whitney

Dandelion Salad By Mike Whitney 10/08/08 “ICH’ Stocks fell sharply across Europe and Asia last night following another down day on Wall Street ... in there. The present crisis, which has its roots in the unsupervised expansion of credit in the United ... tapping a line of credit at a bank)  The Fed will start providing businesses and financial [more...]

Date: 2008-10-09 00:51:50

Chicago Factory Sit-In: The Dawn of a New Era For Unions in America?

By MANIFESTO JOE This is an example of why a bailout, any bailout, is fundamentally a no-win situation for the taxpayer ... . The company's creditor, Bank of America, canceled Republic's line of credit. Republic's sales have tumbled in the sour economy, and with no line of credit, CEO Rich Gillman said the company [more...]

Date: 2008-12-08 17:34:37

Out-of Work Stress

I’ve been getting a lot of letters from people asking how to cope with job loss. HB wrote: My husband was just downsized out of his job ... severance pay. We do not have any savings to speak of but have money available on a line of credit and do not owe on credit cards. We own our own home. I want to plan around the scenario that he may [more...]

Date: 2008-12-26 18:07:44

Out-of Work Stress

I’ve been getting a lot of letters from people asking how to cope with job loss. HB wrote: My husband was just downsized out of his job ... severance pay. We do not have any savings to speak of but have money available on a line of credit and do not owe on credit cards. We own our own home. I want to plan around the scenario that he may [more...]

Date: 2008-12-26 18:07:44

National and International Headlines for December 5

Headlines from Democracynow.org, a daily TV/radio news program, hosted by Amy Goodman and Juan Gonzalez, ... loans and a $6 billion line of credit. We are seeking an immediate loan of $4 billion and potentially ... but requested access to a $9 billion line of credit. The hearing was briefly interrupted when a group [more...]

Date: 2008-12-05 19:54:35

Stolen credit card numbers become most popular items for sale on criminal chat channels

Omaha, Nebraska (CaymanMama.com) — Security firm, Symantec gathers the figures of online fraud to ascertain the depth and extent to which cyber ... who specialize in credit card fraud have a credit line of over $5 billion. The news report projects ... attacks and magnetic strip skimmers, are designed to steal credit card information.” The report [more...]

Date: 2008-12-01 17:28:20

Banks Supposedly Will Cut Consumer Credit Card Lines by $931 Billion if Reforms Mandated

There is a rather amusing story at the Financial Times tonight, "Credit card reforms ‘to cost banks billions’". Let's look at the particulars ... that banks will lose $10 billion in interest annually, reduce credit lines by $931 billion, and put ... not get anyone well known for banking expertise to put its name on a self-serving report [more...]

Date: 2008-12-15 01:59:42

Home Equity Loans vs Home Equity Line of Credit - Which Option Should You Choose?

Tapping into your home equity loans qualifies you for low rates with the potential benefit of tax write offs ... line of credit waives closing costs and application fees for flexible lending amounts at slightly ... monthly payment. Home equity loans usually don’t have any limit balances, early payment, or annual [more...]

Date: 2009-01-09 04:45:25

Weekend Roundup Vol. 12

Weekend Roundup: Well another week comes to a close. Time goes by so quickly it makes me want to work less and less and enjoy life more and more ... to a FREE credit report from each of the three major credit reporting agencies: Experian ... . ***You can get your free annual (once per calander year) credit report, viewable on-line, no credit [more...]

Date: 2008-10-11 11:00:00

Has Deleveraging Even Begun? (Not For the Fainthearted)

It no doubt seems absurd to question the idea that deleveraging in underway ... . Leveraged buyout loans have been scarce to non-existent. Banks have cut home equity credit lines and credit card borrowing limits. Commercial and industrial loans have fallen. The private mortgage [more...]

Date: 2008-07-28 07:37:19

Beware Long-Term Cardholders With Perfect Payment Histories, Your Credit Lines May Be Slashed [Credit Cards]

Oliver paid off his Citibank platinum card on time, in full, every single month since 1989, ... up on his credit report. Oliver writes: I’ve been a Citibank Platinum cardholder since 1989 – that’s longer ... gleefully informs me that: “Sir, due to some recent negative information on your credit report we’ve [more...]

Date: 2008-07-20 19:00:00

Foreclosure

A mortgage is a contract loan a person takes out to purchase their home, and is one of the most significant trade lines on a credit report ... is reported incorrectly on your credit report it would be best to dispute it to have it removed ... ? If there is any information on your credit report that is inaccurate or incorrect, you can dispute [more...]

Date: 2008-12-16 04:30:23

Will Credit Cards Become Unfashionable in 2009?

Credit Cards Credit Cards DALLAS, Dec 28, 2008 / FW/ — The Platinum Card has been the fashionista’s BFF for a very long time because how else can ... report their line of credit was decreased. A whopping 44 percent say their line was unchanged; 41 ... Series: Fast track to becoming credit savvy. To view Bankrate’s Financial Literacy 2008, go to http [more...]

Date: 2008-12-28 12:09:15

Tightening Consumer Credit Standards

According to a Federal Reserve survey of senior loan officers at major banks, ... % of banks report that they’ve been actively lowering credit limits, with just under 40% saying that credit ... 52% of banks reported that they’ve increased the credit score required to secure a line of credit [more...]

Date: 2008-12-29 15:00:51

When you overdraw your checking account does that effect credit??

don't mess with your credit That is exactly what someone plugged into a search engine to get to my site! I love it - bad grammar and all ... , you can bet that your credit score will take a hit. Also, if you use an overdraft line of credit ... the bank is going to report you to the credit agencies. But if, however, you continue doing so every [more...]

Date: 2008-09-10 16:07:32

Bad credit risk, bad driver?

This is a good year for drivers in California. Way back when in 1988, Proposition 103 received more than enough support from voters to pass ... . Add in lack of consistency in employment and multiple lines of credit getting close ... insurance quotes , check out your credit score and, if necessary, repair the score. The Fair Credit [more...]

Date: 2009-01-06 12:06:34

The Affects of the Fed's Rate Cut on Consumers - December 17, 2008

So what does yesterday’s Fed rate cut mean for the average consumer? In a statement made Tuesday afternoon, Fed Chairman Ben Bernanke confirmed the report ... . It would be here that home-equity line of credit and certain credit cards with variable interest rates [more...]

Date: 2008-12-17 20:49:00

Student Credit Cards

When I was studying my college I always used to run short of money and the money I earned through part time job was not sufficient ... and annual fee. They provide fraud protection and a manageable credit line to help you keep a tab ... to go in for credit cards but the APR and the hidden costs involved in it forced me to return the card with in few [more...]

Date: 2009-01-03 16:50:13

second residential mortgage

If you are still confused about what a second residential mortgage loan is and how you can use it to your advantage, you are literally losing money ... mortgage, check your personal credit report to ensure that your credit score has improved. Lenders ... loans.The other type is a “home equity line of credit” or HELOC. The main difference between the two [more...]

Date: 2009-01-14 10:43:37

ONE Tip for 2009 - Identity Theft Still Rampant so Sign up for Lifelock.com

I got this email from some very close friends yesterday who were asking to spread the word about their identity thefts: ... in custody. We have had credit card fraud, checks cashed, new accounts opened on line and in stores ... more issues on my credit report before it is over. I am going to have to testify against the woman [more...]

Date: 2009-01-01 19:51:24

Guest Post: Time to Recapitalize Banks Fully

As debate continues over the release of the second half of the Treasury Department’s Troubled Asset Relief Program, ... recapitalizations using government money on October 13th, but largely by massive credit lines from the Federal ... in the payments system (in which letters of credit and the willingness to take counterparty risk [more...]

Date: 2009-01-15 11:47:00

Are we spending enough yet?

Some wise and admonitory words from Ron Paul about the current mania for government spending/stimulus/bailout: How did we get here? ... of a bailout check. The debate seems to focus on whether this will cost enough to save the economy ... . Then open up a line of credit and do the same thing. Both stacks are “legal tender for all debts, public [more...]

Date: 2009-01-16 13:33:05

Debt

This isn’t a new years thing, just a … “fuck, I need to get a handle on this” thing. And I’ve been working on this for a while anyway ... . (Theoretically, I could try to get my credit line increased and pay off with everything with that, but … I’m not convinced that getting MORE credit is the solution to my problems.) Anyway, because I’ [more...]

Date: 2009-01-16 18:26:57

Stimulus as if Capitalism Mattered

Those dispensing the “Bailout to Nowhere” proceeds seemingly answer to no one (here’s one article behaving as if this were unexpected and surprising). Today brought the $9 billion Ford auto credit-line appeal, and the $500 billion Pelosi compound ... !); but all corners of government and both major political parties can take “credit” when markets [more...]

Date: 2008-12-02 20:13:35

Make big budget problems into small ones

Jen bares her spending issues in this post. It’s a good post to read because it illustrates how one should try to get hold of a big issue ( ... ) 2. Student Loans 3. Interest owing on our Line of Credit (where that $20k is sitting) Now, even ... about what is truly non-negotiable, or you need to look at how to renegotiate your non-negotiables (e.g. [more...]

Date: 2009-01-17 03:14:01

No Financials Required - Commercial Lending

If you search the internet for factoring or accounts receivable financing programs you have probably seen many companies claim, ... companies (”factors”) without financial statements. As a small business owner that performs multiple ... for your company without having to prepare a large amount of reports. But can a bank loan or line of credit [more...]

Date: 2009-01-08 01:40:00

Republic Windows Takes A Stand By Taking A Seat

The story of Republic Window and Doors started quietly last week, when Bank of America informed the company, located on Chicago's Goose Island, that it had canceled their $5 million line of credit. Then came the rumble. Republic's executives ... -- is refusing to extend credit to manufacturers like Republic while at the same time putting [more...]

Date: 2008-12-07 19:26:00

2008 in Review No. 2: Barnett Shale Bust?

For much of the year, as every Chesapeake Energy advertisement reminded us in newspapers, billboards, buses, ... when Chesapeake could access the credit market to finance their massive debt to pay for operations ... from operations and revolving bank credit lines have historically been insufficient to fund [more...]

Date: 2008-12-29 20:00:16

It's the Economy, Stupid

The Labor Department today reported that business productivity surged to a revised 4.3 percent annual rate in the second quarter of the year ... measure quality of output.)Higher productivity keeps inflation in check. When companies can produce ... of their lines of credit because the housing bubble has burst. The result? Employers can't sell [more...]

Date: 2008-09-04 12:27:00

More Discussion of Why the Bailout Bill Will Not Help Money Markets, Commercial Lending

Reader FairEconomist left a short comment on an earlier post which we hoisted along with some other material, ... to have commercial paper backed up with a standby line of credit at a bank. Thus, if for some reason a company ... , and of course, also require banks to hand out cash when they worried about extending credit [more...]

Date: 2008-10-02 04:36:58

annual credit report

If you use any kind of electronic commerce--credit cards, atm, on-line bill pay, etc--you must be vigilant in regards to your identity ... (FTC) advises consumers who order their free annual credit reports online to be sure to correctly spell ... just to review and keep up to date with how creditors determine your credit score.This is what the FTC [more...]

Date: 2008-02-19 22:01:00

Seniors a Favorite Target of Identity Thieves

When seniors get taken advantage of in group homes they may not report it; afraid of being ridiculed, ... in northeast Texas when she received a disturbing American Express bill - The total was over $5K ... in handcuffs. The high end department store where she had blown her victim’s credit line had video [more...]

Date: 2008-12-15 20:41:57

Why banks shouldn't be given government help.

Banks are the property of their shareholders, and may act in accordance with the best interests of their shareholders in mind ... of my payment history. I have never missed a payment. When you pull up a TransUnion credit report ... from a bank recently. You may have heard about banks calling in lines of credit. Essentially [more...]

Date: 2008-12-19 19:18:31

Helping Yourself Qualify for a Home Loan

There are a fair number of specific helpful suggestions to make in helping you purchase a home. All of them revolve around the loan ... , but if you don't have at least two open lines of credit, a given reporting bureau may not report a score ... thing is to get a credit score above 720. If you're there already, keep doing what you're doing [more...]

Date: 2008-06-20 13:39:52

Looks like another financial tsunami is coming!

Photo by Faces of California Photo by Faces of California The deterioration in economic and corporate data continues ... is declining in value) as customers cancel orders.  Bank and other supplier credit lines are being cut… ... into Q4-2008.   Now its being hit by exposure to Madoff.  I just read a research report from a large [more...]

Date: 2009-01-15 04:05:14

Some still call it an "equity cushion"

Wow, this brings back memories. Aside from here at my own blog, where it is most commonly referred to derisively (see Wither the Equity Cusion ( ... or so, but it popped up again this morning in this (free) WSJ story.Even the Rich Get Home-Equity Yanked ... holding the line of credit has concerns," says Don Lampe, a partner at law firm Womble Carlyle [more...]

Date: 2008-08-07 23:11:00

Saving your credit and credit scores

I have blogged about my experiences with American Express and their systematic reductions in my credit lines ... , but in my case Amex decided to start chasing the balance.  I pay them $500, then they reduce my credit limit ... as “closed as consumer’s request”)  which would have locked in the higher credit limit on the credit [more...]

Date: 2009-01-14 23:51:28

Small Planet, Small Star

Small Planet, Small Star Consider Ethnicity When Treating Breast Cancer Early study reveals promising Alzheimer's disease treatment Reborn Baby Dolls Swiftly Popular in Scotland Microsoft’s Annual Revenue Reaches $60 Billion Ryugyong Hotel Set ... Estate And Mortgage Testimony Credit Lines FREEZE, But Not For Reverse Mortgages Recent Top [more...]

Date: 2008-07-18 20:40:45

Q & A with Lewis Schiff

Lewis Schiff, author of the Middle Class Millionaire, a book I reviewed last week graciously answered questions from readers of the review ... -Class Millionaires emerging clearly in the form of mergers and acquisition (small business activity ... , life insurance policies and business lines of credit to borrow against that others might not. How [more...]

Date: 2008-10-06 13:30:48

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