Bad Credit Doesn’t Have To Mean No Loan Help

Everyone faces unavoidable financial problems at some time and find that they are in an impossible situation and unable to meet their obligations ... rate for a home mortgage loan will depend upon your credit rating. If the credit score is 600 ... , but that is not necessarily true. There are two types of bad credit personal loans, secured and unsecured. [more...]

Date: 2009-01-16 09:36:37

Blog posts (125) | Videos (75)
 

I’m Hit By The Credit Contraction

A year ago, I was still getting awesome credit card offers promising a year without interest payments and other incentives. My credit score is over 600. Neither my score nor my financial situation has changed much ... credit cards with a cumulative limit of about $100,000. I went $20,000 into credit card debt in 1995 [more...]

Date: 2009-01-01 00:15:56

What to do if you’ve been turned down for a loan

Turned Down For a Loan?  Improve Your Loan-Ability! This article was written by Becky House, Education Manager for American Financial Solutions. For more information about credit scores, budgeting or managing your debt, visit MyFinancialGoals.org or contact Becky at 1.800.894.3946. Two years ago, someone with a 600 (poor) credit score could qualify for a mortgage or car loan. Now, reputable lenders will not even consider lending to someone with a score below 700. [more...]

Date: 2009-09-26 14:37:00

What to do if you’ve been turned down for a loan

Turned Down For a Loan? Improve Your Loan-Ability! This article was written by Becky House, Education Manager for American Financial Solutions. For more information about credit scores, budgeting or managing your debt, visit MyFinancialGoals.org or contact Becky at 1.800.894.3946. Two years ago, someone with a 600 (poor) credit score could qualify for a mortgage or car loan. Now, reputable lenders will not even consider lending to someone with a score below 700. [more...]

Date: 2009-09-26 14:37:00

Five Signs that You're Living Beyond Your Means

As most of you know, I love to tell people that spending less than they earn is the key to financial success ... No. 1 - Your Credit Score is Below 600 Not an issue for me, but having a good credit score is certainly a key part ... , though many FMF readers save much more. Good for you. Sign No. 3 - Your Credit Card Balances [more...]

Date: 2008-07-24 15:16:09

Daily Links: Chocolate Chip Cookies Edition

My wife isn’t a big blog reader. She reads my sites and the sites of our friends, but that’s about it ... featuring five signs you’re living beyond your means. Is your credit score less than 600 ... You have to own a credit card,” people always say, “if you ever want to rent a car.” But is it true? Jim [more...]

Date: 2008-07-23 23:47:28

What Are Adverse Credit Debt Consolidation Loans

Credit history refers to an estimation as to how an individual has preformed when it came to taking loans and their repayments ... a normal score of below 600 is considered poor. This results in adverse credit history. We also ... . On that basis only a score is calculated which is known as credit score which depicts [more...]

Date: 2009-01-10 22:43:36

Pre-Payment Penalties and Second Trust Deeds

This was originally from February 2007. The situation as to what loans are available has changed quite a bit since then, ... . I am a DELETED with a credit score of 801. My wife is a part time DELETED with a credit score of 814 ... to $600. Both loans do not have a prepayment penalty. I've only been paying the interest every [more...]

Date: 2008-07-24 16:28:13

What Has Happened to Real Estate Prices?

by Mary Bush Back in the late 1990’s and in the early part of the 2000’s banks had tougher guidelines to purchase a property when using conventional financing. Banks would lend you money based on your debt to income ratio and your credit score ... payment around $600 including principal, interest, taxes, and insurance (PITI). Most investment [more...]

Date: 2008-12-21 13:24:48

What Has Happened to Real Estate Prices?

by Mary Bush Back in the late 1990’s and in the early part of the 2000’s banks had tougher guidelines to purchase a property when using conventional financing. Banks would lend you money based on your debt to income ratio and your credit score ... payment around $600 including principal, interest, taxes, and insurance (PITI). Most investment [more...]

Date: 2008-12-29 12:10:23

GMAC Is Taking Your Bailout Tax Dollars and Lowering Its Lending Standards

In a scene reminiscent of a time before the recession, GMAC, the lending arm of General Motors, ... ? According to Equifax: 15% of the U.S. population has a credit score below 600 35 ... car loan applicants.  GMAC recently announced that that it would lower the minimum credit score [more...]

Date: 2009-01-06 13:30:45

Good News On Mortgages

Good news on getting financed! Well, it seems that things might not be as grim after all for those of you trying to obtain financing! If you have a credit score in the upper 600’s, and a minimum of 3% (going up to 3.5% in January) down, you should still be able to obtain a mortgage! Contact us if you need assistance in obtaining [more...]

Date: 2008-10-23 15:22:50

Current Real Estate Market Requires More Patience

If you're one of the few sellers out there who has such a uniquely special (is that redundant?) ... and credit score in the mid 600's...last year he could have gotten 90% financing...NOT NOW. Market [more...]

Date: 2008-08-21 16:44:51

Demystifying Boat Loans

If you have decided to take a boat loan you need to keep a few points in consideration ... for three years. If your credit score is less than 600 then the situation may be difficult. Lenders [more...]

Date: 2009-01-16 05:31:21

Refinancing Your Mortgage

Refinancing Your Mortgage Posted by Internet Guru at December 7, ... credit record, but you need a credit score of 720 to access the lowest interest rates. You must fully ... will buy up to $600 billion of mortgage debt. BusinessWeek’s personal finance editor Lauren Young spoke [more...]

Date: 2008-12-07 14:19:44

Firm Cries Foul on Credit Reporting, Mortgage Loans

Nearly one in two borrowers is plagued by medical collection accounts that are lowering their credit scores and limiting their ability to get a ... mortgage, said mortgage and credit expert Rodney Anderson, of Rodney Anderson Lending Services, in a press release Monday. When the Federal Reserve announced its plan to invest up to $600 billion in ... [more...]

Date: 2008-12-08 16:04:24

Good News For Buyers Is Always Bad News For Sellers

The Desplains Times reports from Illinois. “Last month Dan decided to stop paying his mortgage. It was hard for him ... keep dropping,’ he said. ‘They go down by about $5,000 every month.’” “Dan’s credit score has been reduced from 750 before he purchased his townhouse to about 600 now, but he’s philosophic [more...]

Date: 2008-06-12 14:48:03

Mortgage Interest Rate Drop Possible with Treasury Intervention

Treasury Secretary Henry Paulson is considering a new plan to reduce mortgage rates in another bid to revive the U.S ... for the lower rates. There are already a number of additions to rates due to credit score, loan ... is enormous. We saw the results of the investment of $600 Billion into the MBS market last week [more...]

Date: 2008-12-04 07:30:46

Re-visiting the Car

While I dream about owning a Nissan GTR that I saw at the Chicago auto show, in reality I drive an old Nissan Altima about 10 years old ... (through their financing arm GMAC) stopped financing (for sale or lease) customers with a credit score ... as a starting price point, and the average rate of 6.5%, you are paying about $600 / month. However, that “ [more...]

Date: 2008-11-10 14:59:53

Mean Street: Why Lehman Brothers Doesn’t Matter Anymore

Yesterday’s precipitous 45% decline in the shares of Lehman Brothers took the broader U.S. stock market down by almost 3 ... . But the vultures are circling. A five-year credit-default swap on Lehman debt now costs almost 600 basis points ... U.S.-focused investment bank with a market cap of around $5 billion. There are a score of billionaires [more...]

Date: 2008-09-10 11:19:00

Chopping Away At The Levels In Poverty In Brazil Through Cash Transfers

September 19, 2009 | By Kim Boyd In Finance | If you were to ask a financial expert to explain the importance of money transfers into Brazil just a few years ago, they probably would have laughed in your face. But nowadays, many Brazilians migrate to places like Japan, Germany and the United States, and their families become depend on them for financial support. Today, over 1.9 million Brazilians reside in other countries and wire cash regularly to Brazil. [more...]

Date: 2009-09-19 22:46:43

Forgiven Debt Isn't Really Forgiven At All

By Kate Luther If you've been struggling with the rest of the economy, chances are you've been forced to rethink your financial priorities. And as a result, credit cards are often the first thing to go. The good news is that once you get behind, many credit card companies will offer to "settle" your account, some for as much as just 40% of your original balance. And if you're looking at a large chunk of credit card debt, making it go away for 40% of its value sounds like a pretty good deal. [more...]

Date: 2009-09-22 13:00:09

l'etoile's MNFashion Week Fall Spectacular!

As you're well aware, we here at l'étoile have been keeping a sharp hawk-eye on the local fashion scene for many-a-year. This Fall's MNFashion Week is an extra exceptional example of the upward mobility of the fashion community, however, this time featuring a record number of awesome events! With such a lavish buffet of stylish delights at your disposal, we're pretty sure it will be impossible to attend them all -- talk about fashion overload! [more...]

Date: 2009-09-21 03:07:00

Ganjapreneurs are cashing in on booming medical pot business

I knock on the locked door of the nondescript one-story building not far from downtown, willing away my anxiety. "Can I help you?" A security guard peers from behind the door, eyeing me suspiciously. He's an older guy, probably somebody's grandpa, but he gives me a look that says he doesn't have a problem tangling with a whippersnapper like me. "I have an appointment," I stammer. I have Xeroxed medical records and $200 in cash to prove it. At that, the security guard is all smiles. [more...]

Date: 2009-09-11 12:43:33

Go through your Hard Times with Bad Credit Personal Loans

Author : Robart Watson Nobody is ideal in this world We all create mistakes while dealing with money You ignore a few payments and the tag of bad nonpayer gets stuck to your name Receiving a bad credit has become very common these days A myth permeates our culture, that an individual who has acquired a bad credit cannot obtain loan in future The reality is that today even a person with a difficult credit record can get a loan Thus comes the significance of bad credit personal loans A bad [more...]

Date: 2009-09-09 08:29:42

Just two F’s amid nearly straight A’s on 2009 progress reports

Just two schools got F’s on their progress reports this year, bearing out reports that Schools Chancellor Joel Klein would tout high scores when he released this year’s grades today. Eighty-four percent of elementary and middle schools earned A’s, up from 38 percent last year, promising to stir up questions about how useful the progress reports are for parents and principals. A few other highlights: Of the lowest-performing schools, most opened under Klein’s watch. [more...]

Date: 2009-09-02 16:33:18

ABC News, Princess Diana and the Health Care Debate – Point /Counterpoint

Here’s the headline and the first sentence from a recent ABC News bit: “ Princess Diana’s Death Offers Lessons for Health Care Debate , 12 Years Later. In Britain’s Beloved Royal’s Death, Experts Find Guidance in French Health System” “The Mercedes 600 carrying Princess Diana and her companion Dodi Fayed was traveling more than 85 miles per hour when it hit a concrete pillar head-on in the Place D’Alma underpass, crumbling like an accordion.” 1. [more...]

Date: 2009-09-02 16:07:58

5 Ways to Calculate How Much House You Can Afford

Particularly for those looking to buy their first home, the big question is always, "How much house can I afford based on my income." I can still remember my wife and I trying to crunch the numbers when we bought our first home back in 1993. I was scared to death that we wouldn't be able to afford the mortgage payments. But we did, and as the months and years went by, our mortgage payments became more manageable. If you're considering buying a home, it helps to have an idea of how much you can afford. [more...]

Date: 2009-09-24 17:18:38

Floatin' Powa News Service: Tractor? No. Why would I want to find her?

Norway reps met with Hamas in Gaza Uff Da ya MFers. A Norwegian defense official met with Hamas leaders in the Gaza Strip about a prisoner exchange deal with Israel, the state-run Chinese news agency Xinhua reported yesterday. Last week, the efforts of a German mediator in the talks were confirmed by sources within Hamas and the Egyptian government. Israel cancels meeting with Norwegian special envoy Norway tried their best to force a Tamil Tiger terror state on the Sri Lankan Government. [more...]

Date: 2009-09-09 12:16:00

A Helpful Hand In Hard Times – Bad Credit Personal

A Helpful Hand In Hard Times – Bad Credit Personal LoansNobody is undiluted in this world. We all have mistakes whilst traffic with finances. You skip a couple of payments and a tab of bad debtor gets stranded to your name. Getting a bad credit has turn really usual these days. A parable permeates a society, which an particular who has acquired a bad credit cannot get loan in future. The law is which currently even a chairman with an inauspicious credit story can acquire a loan. [more...]

Date: 2009-09-23 15:13:02

Clean Up Your Credit and Save $100,000

What if I told you there’s a potential $100,000 smackaroos in it for you for just sticking with me for another three minutes? Here’s how: Clean up your credit score. Seriously, I’m not going to harp on about how stellar credit means paying less interest on loans, qualifying for lower insurance premiums, and sailing through things like landlord and employment background checks. You know that already. Instead, I’m going to let cold hard cash do the talking. [more...]

Date: 2009-09-22 07:22:31

ScamBuster 287

OFFICE OF THE SENATE HOUSE FEDERAL REPUBLIC OF NIGERIA COMMITTEE ON FOREIGN PAYMENT (RESOLUTION PANEL ON CONTRACT PAYMENT) IKOYI-LAGOS NIGERIA Our Ref: FGN /SNT/STB,ATM CARD NUMBER:4272071234567890 Dear Beneficiary, ATM Card Number; We are giving out a yearly donation of The ATM Card Value of $1.8m,000.00 USD to 5 lucky recipients, as END of Year promotion from the W.H.O,UN, and the EU in accordance with the enabling act of Parliament Headed by Senate President of Nigeria. Mr David Mark. [more...]

Date: 2009-09-30 19:13:48

Debt Settlement Companies: Friend or Foe?

These days, lots of people are swimming in debt with nowhere to turn, no access to credit, and no liquidity, with their credit scores shot… and they’re wondering what to do next. Someone I know who is in this predicament just recently asked me for some input. I told them that there are various paths to the same end: to get rid of your debt or to reduce it to some extent. [more...]

Date: 2009-09-09 06:49:11

Issues with Family Transfers of Real Estate

We live in (A California city). In a 2 bedroom 1 bath home on approximately a 20,000 Sq. ft. lot. It is easily worth 500K to 600K with a current mortgage of $116,000. The mortgage/Title is in the name of my father and his wife 90% and myself and my wife with a 10% interest. My father who is 75 and retired wants to take out about $80,000 cash which would create a new loan of approximately $200,000. He currently has a very small income from investments and lives in a paid off home in (out of state). [more...]

Date: 2009-09-02 14:00:00

Effortlessly and Easily Boost Your Credit Score

Effortlessly and Easily Boost Your Credit Score by Jacob FreemanMany consumers have no idea what a credit score is comprised of. What are they measuring and how does this number relate to my creditworthiness? While common sense tells us that paying our bills promptly is an important factor what else is important when it comes to credit scores?A credit score is just a numerical measurement of certain statistics. It is supposed to tell the lenders about the risk factors of the borrowers. [more...]

Date: 2009-09-26 19:20:25

Improve Your Loan-Ability

Rollover USA-401K Rollover to IRA is a post from: Rollover USA-401K Rollover to IRA This is a guest post from Becky House. It offers helpful information on how you can improve your ability to get a loan. This is a very important issue right now, with lenders tightening their requirements. Two years ago, someone with a 600 (poor) credit score could qualify for a mortgage or car loan. Now, reputable lenders will not even consider lending to someone with a score below 700. [more...]

Date: 2009-09-29 15:58:25

Helping Your Bad Credit Score with Debt Consolidation

Those who have had mortgages or car loans within the last couple of years would be able to tell you that even if they had a bad credit history that they would still have had the loan approved. Credit standards have dropped significantly over the last decade. It used to be that only if you have a high paying job with enough levels of secure asset were you able to obtain a loan. The regulations on who are able to obtain a loan have become so lax of late almost anyone can get a loan. [more...]

Date: 2009-09-20 20:17:55

Realize Your Credit Score Plus 3 In 1 Credit Report

Realize Your Credit Score Plus 3 In 1 Credit Report by Sara M Perry3-in-1 credit reports are summaries from all three of the foremost credit bureaus. They cover the financial history collected on one person or group in order to “report their credit worthiness” or in other words, whether or not it is expected that they have the resources and trustworthiness to pay off a new obligation.These reports supply information from the three foremost credit reporting agencies. [more...]

Date: 2009-10-01 11:31:33

Improve Credit Score By Refinancing Home Mortgage

The market for Home Mortgage Refinance is filled with numerous possibilities. Both debtors and creditors (lenders) can be segregated into different types depending upon various parameters. The debtors who want to refinance home loan are basically of two types, one with good credit score, and the other with bad credit score. If the debtor has been paying monthly installment of the earlier loan regularly then the credit score should be good and ranging beyond 600. [more...]

Date: 2009-09-14 12:23:02

Recent Bankruptcy? It’s Not Impossible to Obtain a Home Loan

Because the new bankruptcy laws go into effect on October 17, 2005, more Americans than ever are filing for relief using the federal bankruptcy laws ... (unless creditors report incorrectly). By filing simple dispute letters with the three credit bureaus ... a bankruptcy. How is that possible? An example of this is Dave Olson (a fictional character). He [more...]

Date: 2009-01-15 00:11:26

Restore Your Fico Score – Part One

While obsessing over a FICO score is not a good idea, this is a number that will have a lot of bearing in your life. This number determines whether or not you will be able to get a house, a new credit card, or in many cases, whether or not you will be able to rent an apartment. Lenders and businesses are relying on FICO scores more than ever, and it is have never been more important to make sure that your score is where it should be. [more...]

Date: 2009-09-23 22:27:24

Houston, Texas - Investigation into Fatal Traffic Accident at 600 Tidwell

September 14, 2009 - A pedestrian injured in a hit-and-run traffic accident at 600 Tidwell about 10:15 p.m. on Sept. 9 has died from her injuries.The victim, Louanna Brown, 70, of Houston, was pronounced dead at Ben Taub General Hospital on Saturday (Sept. 12).HPD Vehicular Crimes Sergeant D. Morgan reported:Ms. Brown was at the intersection of Tidwell and Nordling when she was struck by a red Ford Focus which fled the scene. [more...]

Date: 2009-09-14 19:23:50

What Credit Score Do I Need To Qualify For Car Financing?

Have sufficient finances: Inability to have sufficient finances for purchasing a new car, or for that matter even a home loan or a personal loan, will qualify you for a loan from financial institutions like banks. The ability to get yourself approved for a loan for your car depends largely on the credit score. Credit ratings are represented by numbers which is a significant piece of information about the financial condition. [more...]

Date: 2009-09-12 23:20:56

Sleazy, Slimy and Creepy! Politics and Military Ops

Karl Rove writes what we all know happened but the press and media continue to provide cover for Democrats who were too busy getting 'sweetheart low interest deals' from Fannie and Freddie, to do their job. Now that the Housing Bubble has burst they are on board and pointing fingers at others and doing what they can to avoid reports of coziness [more...]

Date: 2009-01-08 18:13:00

Credit Scores Education

Credit Scores Education Do you know how your credit score is calculated? Or that you are entitled to one free credit report per year under the Fair and Accurate Credit Transaction Act? A recent survey conducted by Opinion Research USA and the Ad Council shows that Americans are misinformed about their credit health, with over 70% wrongly identifying a credit score of 600 as average or above average. [more...]

Date: 2009-09-19 18:40:41

Somebody Was Asleep At The Switch In Florida

The Orlando Sentinel reports from Florida. “Sorrento Springs, an upscale development amid the lush, rolling pastureland of rural Lake County…has an 18-hole golf course, a resortlike clubhouse, tennis courts, walking trails and neat rows of two-story, earth-toned homes with architectural flourishes. Now it is rife with foreclosures [more...]

Date: 2008-07-22 13:28:03

Personal Loans for Bad Credit – Poor Credit History Hurts

Personal loans for bad credit are a way to get some quick money but you must realize that a poor credit history hurts your chances of getting a low interest rate or even getting a loan at all.  Your credit history is the report card of your financial career and helps lenders better understand you as a borrower of money.  If you have a very poor credit history it is unlikely that your management of money is going to change anytime in the near future. [more...]

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

Is it ok that my file is only 1KB?

post from Tuesday. Related in topic matter, but not circumstances. Here is the story… Or rather, the short version. I really don’t have the heart for it right now. I could probably turn this into a 5 page epic, but I just… Well, you will understand once I finish this. The gist is that a guy at work caught a virus of some sort [more...]

Date: 2008-12-09 16:23:00

How Fast Can You Get A Home Loan After Bankruptcy?

One of our readers, Desiree, had this question: Is there any possibility of getting a home loan sooner than 2 years after a bankruptcy discharge? ... in bankruptcy”. If it doesn’t, then it is still counting against your credit score each month. Challenge Any ... reports, the credit bureaus will freeze your credit score until the dispute is resolved [more...]

Date: 2009-01-06 16:28:19

Meltdown marketing: 3 things credit unions must do

... effects on their debt utilization ratio, thereby lowering their credit score It leaves many dangerously ... for the credit union industry to step out from the shadow of banks and take a prominent place in Americans’ [more...]

Date: 2008-12-05 17:04:37

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