CREDIT REPAIR ESSENTIALS

by Rob Kosberg If you have learned that you are referred to in the financial world as a “credit risk” you will want to alter this and once again be ... . On a yearly basis, you are able to receive a free report (fee for the credit score) from each ... (with a copy of the credit report) to any or all, if needed, credit bureaus. Definitely retain COPIES [more...]

Date: 2009-01-03 00:53:28

Blog posts (128) | Videos (7)
 

Tips About Credit Repair

By Mike Carbeck Many people mistakenly believe that they only need to go through an agency, for any hope of credit repair ... in writing for a copy of your credit report (You are entitled to one free report per year) 2.) A copy ... from another agency, and are not eligible for a free yearly report, you could also receive a letter [more...]

Date: 2009-01-09 08:16:32

A-Z real estate vocabulary for home buyers and sellers

Nothing is more fundamental to buying or selling your home than understanding the language that realtors, lenders and others in the industry use ... , origination fee, hazard and mortgage insurance, credit report and appraisal fee. Debt-to-Income ... inspection. Annual Percentage Rate (APR) - The cost of credit expressed as a yearly rate. Bridge Loan [more...]

Date: 2008-12-02 21:05:42

PMI Expects ‘09 Sales to Break Even with ‘08

While national homes sales are expected to rise 10% year-over-year basis during the Q409, the sharp drop in sales experienced earlier in 2009 will keep yearly sales on par with ‘08 levels, according to projections from residential mortgage insurance and credit enhancement product provider The PMI Group (PMI: 4.37 -1.58%). The report projects the continued oversupply [more...]

Date: 2009-09-18 20:24:14

More Financial Bubbles Ahead?

Bob Chapman The International Forecaster September 14, 2009 Almost all important, pertinent data reflects continued weakness in the economy, especially retail sales and unemployment. There are small signs of inflation in spite of bogus government figures. In the flight to quality we see stronger gold, silver and commodities despite heavy market manipulation by the government. Bernanke will soon be forced to choose between saving the dollar and bonds or stocks. [more...]

Date: 2009-09-14 12:39:08

Commodities rally: China makes the world go ’round

The commodities market is soaring, leading us to another round of double- and triple-digit gains. Thanks to China’s recent moves, the gains will continue to grow. By Andrew Snyder, TodaysFinancialNews.com Baltimore – ( TFN ): This is a critical period for America’s chief export, its burgeoning national debt. As the Obama administration works to spend the country into a sustained economic recovery, our national debt is about to smack into its Congressionally mandated debt ceiling once again. [more...]

Date: 2009-09-17 10:30:23

Understanding How An Escrow Account Works and If You Should Avoid Them

An escrow account is established by a broker, under the provisions of law, to hold funds on behalf of two or more people until a contract or transaction has been completed.  People are most familiar with escrow accounts in conjunction with their mortgage.  A person’s mortgage lender sets up an escrow account to receive monthly payments from the home buyer which is usually lumped into the mortgage payment and used to pay for obligations such as homeowners’ insurance, property taxes, and assessments. [more...]

Date: 2009-10-01 12:00:44

IMF warns of further recession risks

By Chris Giles in IstanbulBanks round the world have still to reveal about half of their likely losses resulting from the financial and economic crisis, the International Monetary Fund said on Wednesday, warning that there was still a “significant” risk of another downward lurch in the global recession.The IMF described credit risks as remaining “elevated” even though financial conditions have improved significantly since spring.It said these risks, alongside weakened banks, were likely to depress [more...]

Date: 2009-09-30 14:17:54

Penury, self-imposed or inflicted, the new normal?

One of my favorite sources of information is The Liscio Report by Philippa Dunne & Doug Henwood. Among other things, each month they survey all the states about tax revenues, expenses and then give us the results in a very pithy fashion. No one pays taxes unless they have to, and thus taxes tell us a lot about the current spending and income situation. Taxes are a far more reliable indicator then surveys, which most “data” is based on. They also look at various trends in a variety of topics. [more...]

Date: 2009-09-15 18:15:00

Penury, self-imposed or inflicted, the new normal?

One of my favorite sources of information is The Liscio Report by Philippa Dunne & Doug Henwood. Among other things, each month they survey all the states about tax revenues, expenses and then give us the results in a very pithy fashion. No one pays taxes unless they have to, and thus taxes tell us a lot about the current spending and income situation. Taxes are a far more reliable indicator then surveys, which most "data" is based on. They also look at various trends in a variety of topics. [more...]

Date: 2009-09-14 15:04:00

Fund Performance Period 9

As a reminder, if you are interested in this type of fund as a worthwhile consideration for future investment, please consider reading why this blog exists. Our story in Barron's Or if you are just here for daily market / economic commentary or stock trades to follow on your own, consider supporting the blog via donation ( paypal buttons can be found on the [more...]

Date: 2009-09-14 19:30:00

The Best of fM - Hidden Sources - Alumni Records

I went to visit my favorite, out-of-the-way, dusty, creaky, quirky used bookstore in early January. I was looking for a book on the history of chairs to help me in dating old photographs. I always hit the reference section of the store just in case a dictionary I don't own pops up. While looking through the reference books I came across a genealogical treasure trove. Four privately printed volumes containing information of the Harvard College Class of 1894. [more...]

Date: 2009-09-28 08:58:00

Happiness an Issue in Pittsburgh

People leave Pittsburgh. They always have, although out here, in the Sunday Los Angeles Times, Andrew Bender tells us it’s a wonderful place : Nonstop canapés on gold-rimmed porcelain cocktail plates at diplomatic soirees. After a while, they get to be just a bit of a yawn, don’t you find? So I cheered at the announcement that the G-20 summit would take place this week in Pittsburgh. Anyone puzzled about why it was selected hasn’t been here recently. [more...]

Date: 2009-09-21 06:11:13

Drumbeat: September 23, 2009

Chesapeake says $4 natgas too low to grow output GREENWICH, Conn. (Reuters) - U.S. natural gas prices will have to move higher to spur a resurgence in drilling activity and keep output of the fuel steady, the head of Chesapeake Energy Corp said on Wednesday. The weak U.S. economy has knocked natural gas prices sharply lower in the past 14 months, and sluggish demand for fuel has prompted producers such as Chesapeake to curtail drilling for new supplies. "The industry can cope with $4 gas. [more...]

Date: 2009-09-23 14:08:02

Corporatism is King

by cjmac53@aol.com I wanted to follow up my post from yesterday on the FDIC with a couple of related links that I think are relevant as far as the big picture on the economy is concerned.  Alex’s comment on that post led me to do a quick search of the banks that had closed when the S&L crisis finally came to a head.  The link is to an article from the New York Times that was written in 1988, and I about fell off my chair reading some of the things that ocurred and the analysis of the [more...]

Date: 2009-10-01 09:21:00

Some Debt Relief Scams, Credit Relief Fraud, Detect Debt Relief Scams

by Lianne Gaines Individuals with rising debts can reap important benefits from debt relief programs. These programs are designed to help people who are drowning in debt. Yet, finding a program and negotiating the terms of the plans could affect each individual’s monetary condition differently. In order to free yourself from debt, you should pick a debt relief program that meets your particular requirements. For instance, debt negotiation is a common debt relief program. [more...]

Date: 2009-09-24 12:56:54

How Online Loan Calculators Can You Time And Money

by Dennis Shirk Do you ever feel like you know just enough about loan calculators to be dangerous? Let’s see if we can fill in some of the gaps with the latest info from loan experts. How much should your down payment be? Most experts recommend at least 20 percent. Consolidation loans also have varying repayment plans. Use the links below to determine your repayment amounts under each of the different plans. You can then see what your monthly payment would be with a consolidated loan. [more...]

Date: 2009-09-28 10:46:28

Higher Ed Leaders Getting Massive Salary Supplements

If you believe the data provided by The State newspaper’s online salary database, the leaders of the Palmetto State’s top three research universities receive taxpayer-funded salaries that are very much in line with what “higher educrats” at other public colleges and universities are paid. University of South Carolina President Harris Pastides makes $265,000, Medical University of S.C. President Ray Greenberg makes $232,064 and Clemson University President James Barker makes $227,656. [more...]

Date: 2009-09-17 16:05:00

How Online Loan Calculators Can You Time And Money

September 30, 2009 | By Matt Harris In Finance | by Dennis ShirkImagine the next time you join a discussion about simple loan calculators. When you start sharing the fascinating loan calculator facts below, your friends will be absolutely amazed.Popular loans are from the top 15 leading banks and credit unions. We provide mortgage rates and home equity loan rates for primary and second loan refinance. The online rates calculators help you quickly evaluate interest rate options on all loans. [more...]

Date: 2009-09-30 07:22:21

Go Over All Your Three Credit Reports

September 26, 2009 | By Jesse Hughes In Finance | by Jesse HughesCredits and loans are used by individuals when purchasing their needs. A car loan is applied for to get a car, a mortgage is taken to get a house, a student loan is taken to get an education and a credit card is used to get about just anything else. Cash is barely needed nowadays to purchase your needs.Getting a loan or any other credit for that matter is not so simple. The bank that will issue the credit will not do it blindly. [more...]

Date: 2009-09-26 18:02:55

Financial Crisis Inquiry Commission to Begin Investigations

(Editor’s Note: This post is based on a Gibson, Dunn & Crutcher LLP client memorandum by Michael Bopp and Aditi Prabhu.) This update focuses on the launching of the Financial Crisis Inquiry Commission (”FCIC” or “Commission”), which was created by Congress as section 5 of the Fraud Enforcement and Recovery Act, which became law on May 20, 2009. The bipartisan Commission is charged with examining the domestic and global causes of the current U.S. financial and economic crisis. [more...]

Date: 2009-09-22 13:23:42

Stock Market News for September 30, 2009 – Market News

An unexpected drop in consumer confidence sent U.S. stocks lower Tuesday, as signs of stabilization in housing and Walgreen’s solid earnings failed to convince investors about the strength of an economic recovery.  Although stocks rose slightly after the opening bell, the early morning release of the confidence report took the Street by surprise and signaled the American consumers are not as hopeful about an economic turnaround. [more...]

Date: 2009-09-30 14:05:23

Why Is There a Need to Review All Three Credit Reports?

by Jesse Hughes Much of the purchasing made by individuals are done with the use of credits or loans. You get a car through a car loan, a house via a mortgage, your education through educational loans or just about any other need through the use of credit cards. Gone were the days when you had to carry load of cash to buy what you require. Getting a loan or any other credit for that matter is not so simple. The bank that will issue the credit will not do it blindly. [more...]

Date: 2009-09-26 18:02:50

Soimething to offend Everyone

Political satire or reality?We will do something a little different in today’s post. Rather that blather about our own political views, let me share with you the contents of an email I received from dear friend and colleague Dr. Jerry. We’ve omitted the illustrations from the original since my technical knowledge is not sophisticated enough to [more...]

Date: 2009-01-14 00:17:00

DrumBeat: July 6, 2008

UK: Government asks stores to stockpile food to overcome hauliers strike Ministers are in talks with supermarkets about emergency food reserves in case fuel protests lead to shortages at shops. The government wants to ensure retailers and suppliers can continue to sell basics such as meat, bread and milk if hauliers bring the country to a halt [more...]

Date: 2008-07-06 13:02:56

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

Results You Can See For Yourself From Capitol One Credit Card

September 15, 2009 | By Andy Zain In Finance | Whether you have Excellent credit, or have struggled for years and ended up going bankrupt. Capitol One credit card has a credit card for you. It sounds like a good line, or a long shot, but really it’s true. And as if that weren’t enough, they put their customer first with an attitude that what’s important to their customer’s is important to them. [more...]

Date: 2009-09-15 19:57:45

Ed McMahon, credit bureau ‘viral rapper’

p2pnet news view | Advertising:- “Jovial TV titan Ed McMahon” is, “on the brink of losing his Beverly Hills mansion, ... by credit bureau Experian,” says the Associated Press, adding: “The videos feature McMahon wearing ... represents ‘a man who is taking charge’.” Yes. Well …. Anyhow, free credit report, eh? There’s always [more...]

Date: 2008-09-25 17:57:22

Nifty regains 5,000 mark

Data showing a surge in growth in the core sector boosted domestic bourses with the 50-unit S&P CNX Nifty settling above the psychological 5,000 level. The BSE 30-share Sensex rose 159.91 points or 0.96%, off close to 55 points from the day's high and up close to 50 points from the day's low. Index heavyweights Reliance Industries and ICICI Bank led the rally which was a part of a rally in most Asian stocks. IT, banking and healthcare stocks rose. But realty stocks reversed early gains. [more...]

Date: 2009-09-29 15:25:00

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

Student Loans And Finances – Life As A Cash Strapped

Student Loans And Finances – Life As A Cash Strapped StudentIt can be a most appropriate time of your life, or a misfortune depending on how we aproach what hold up deals we as a university student. For most of us streamer off to college or university is a initial time we’ve ever been divided from home for any prolonged duration of time. It is additionally a single of a initial times we have been flattering most utterly obliged for a finances. [more...]

Date: 2009-09-20 17:46:04

Derivatives and human hubris.

Learning of the kinds of exotic instruments used by Wall Street in the years before the crash can be a mind-boggling experience ... sums of “paper wealth” they produced. AIG and other firms sold credit default swaps in such massive numbers that there was at one point insurance on over $60 trillion in credit. In other words [more...]

Date: 2008-12-24 15:32:03

A New Year: The Absence of Milk of Human Kindness

Since the birth of my niece, my blogging seems to have suffered greatly. If you have emailed me and I have not replied, I apologize. What I thought would be a one or two week vacation, turned out to be a short hiatus. However, before moving on, I felt I should explain my absence. Since the birth of my niece, the state of our world really hit me [more...]

Date: 2009-01-13 01:05:17

Fortis Rescued, but Hypo Bank May Go Bankrupt Monday

Banks are falling over like kingpins. Not good at all. First, on the Fortis salvage operation: Belgium, The Netherlands and Luxembourg invested 11 ... last year and credit writedowns. Fortis will sell its stake in ABN Amro's consumer banking unit ... the articles are in German. which sadly I do not read). However, this report comes from a reader [more...]

Date: 2008-09-29 00:53:15

What does Paulson want?, the "Cliff Notes"

Reuters published a handy summary of Paulson's bail out proposal along with the counterproposals by Democrats and Republicans : ... but not limited to banks, thrifts, credit unions, broker-dealers and insurance companies. If deemed need(sic ... the secretary's decisions. The secretary would report to Congress within the first three months and then twice [more...]

Date: 2008-09-23 13:17:49

The Brakes Are Not Working In California

The LA Times reports from California. “A record 10% of the nation’s mortgage-burdened homeowners fell behind on their loan payments or were in foreclosure during the third quarter, according to a survey released Friday by the Mortgage Bankers Assn., which said California and Florida were the biggest contributors to the worsening picture [more...]

Date: 2008-12-06 18:15:59

THE BEAST 50 MOST LOATHSOME PEOPLE IN AMERICA, 2008

side note: I found this late last night and I enjoyed it so much it kept me up later then I wanted…but was well worth it! Enjoy with your morning coffee! http://www.buffalobeast.com 50. Barack Obama Charges: Beyond a few token acts of bipartisan marketing, Barry’s major duty in the Senate was to avoid legislating, [more...]

Date: 2009-01-11 09:06:30

Is The Inflation Scare Over Yet?

Treasuries have been on a bit of a rally recently as the Lehman iShares 20+ year duration treasury fund (TLT) chart shows ... of credit via massive writedowns in banks and financials, accompanied by sharply rising unemployment rates, falling wages, and curtailment in credit lines everywhere is simply not an inflationary [more...]

Date: 2008-06-27 00:51:36

Basics of Credit Repair

by Rob Kosberg People who know they have “bad” credit and are a big “credit risk” are usually aware that something has to change with the way they ... project. The “credit risk” label is based on your “credit report” and “credit score.” Therefore ... these reports. There are 3 credit bureaus that supply reports: TransUnion, Equifax, and Experian [more...]

Date: 2009-01-03 00:35:39

ECONOMISTS FEAR ONSET OF HISTORICAL FISCAL CRISIS FOR STATES

The moribund economy is drying up tax revenues more dramatically than expected, forcing 22 states, including California, ... in a report this month. Economists and other observers fear the numbers may signal the onset of a historic ... : Rising layoffs are cutting into payroll taxes. The credit crisis and housing slump are affecting [more...]

Date: 2008-10-19 17:45:46

Can Paving America be Eco-Friendly?

Given that Obama's economic stimulus package is likely to include billions of dollars in road projects, ... of the world's CO2 emissions--more than the entire aviation industry. And a recent report by the French Bank Credit Agricole estimated that demand for cement will increase 50 percent by 2020. The Silicon [more...]

Date: 2009-01-03 18:25:45

Peak Credit, a once in a lifetime event. Those focused on the CPI, M3, and other such measures are completely missing the boat ... the warning? Credit Deflation Some choose to call what is happening "credit deflation". In this regard "credit" is an unnecessary label. Deflation is about the contraction in money supply [more...]

Date: 2008-06-26 02:11:36

Thanks Bush: Worst year for jobs since '45

Annual loss biggest since end of World War II. Unemployment rate rises to 7.2%. #IEContainerR .cnnGenSidebarWidget .cnnWidgetHed { ... ahead Citi backs foreclosure prevention plan Jobs report knocks stocks Bonds rise on jobs report Where ... level in more than six decades.A sobering U.S. Labor Department jobs report Friday showed [more...]

Date: 2009-01-09 22:13:00

Credit Lines: Number and Length of Time Open

from an email: On a related note, I hope you might have some advice for us. My husband and I just sold our condo ... up on the credit report? In general you want to have two open lines of credit to have a credit score ... or more. In general, rent does not show up on a mortgage provider's credit report. It probably will not count [more...]

Date: 2008-07-06 16:05:45

RBI circular on Priority Sector Lending -Categorisation of activities under service under the MSMED Act, 2006

Sep 21, 2009RBI RBI/2009-10/ 164RPCD.CO.Plan. BC. 24 /04.09.01/2009- 10 September 18, 2009The Chairman/ Managing Director/Chief Executive OfficerDear Sir,Priority Sector Lending -Categorisation of activities under service under the MSMED Act, 2006In terms of paragraphs 2.1.1 and 2.1.2 of Section I of the Master Circular dated July 1, 2009 on Lending to Priority Sector, credit to small enterprises includes loans granted to micro [more...]

Date: 2009-09-21 01:56:02

American Optimism, Russia’s In Trouble, But Good News For Oil, Breakthrough Med Tech, And More!

American optimism at all-time low, 2009 recession imminent… Fannie and Freddie to the rescue? Chris Mayer with good news for oil investors. Another day, another double-digit decline… Russian market, currency plummeting. Pat Cox with a “huge” breakthrough medical tech about to become reality. Have we hit a nerve? [more...]

Date: 2008-11-12 21:43:33

Top 10 Online Freebies and Deals [Lifehacker Top 10]

Unless you're a financial Jedi Knight or economic Sith Lord, you probably don't have a ton of control over our turbulent economy ... free credit report. If you're looking for the federally-mandated, completely free, no-service-cancellation-needed online credit report you're entitled to once per year, head to AnnualCreditReport.com. [more...]

Date: 2008-11-01 16:00:00

Case Study: Paul and Melanie Want to Buy a House

Paul emailed me for some guidance on his financial situation.  Paul and his girlfriend, Melanie, has good combined income, some debt, and a dream of owning a home in the very near future.  Paul emailed me all of his financial stats to be shared with MDJ readers. We both live in Ontario.  Melanie lives in Mississauga and I live in Markham [more...]

Date: 2009-01-07 11:30:08

Another 524,000 jobs lost

For the entire 2008 year, the U.S. shed 2.8 MILLION jobs. But hey, don't you worry about ol' Bushie. He still has "joy" in his heart ... , capping a yearly loss of 2.8 million, as a deepening recession pushed unemployment to a 16-year ... report heightened a sense of urgency for president-elect Barack Obama and the new Congress to agree [more...]

Date: 2009-01-09 18:40:00

September 28th CEOcast Weekly Newsletter

Companies featured in this edition of the newsletter: ACTC, CHIP, CUR, CVM, ENZ, IMUC, IWEB, SRCO, SVUL, XSNX Markets finally snapped their winning streak last week, as weakness in housing markets and durable goods orders led to broad-based declines in all of the major indices. All told, the Dow surrendered 155 points on the week to close at 9665, down 1.6% on the week but up 10.1% on the year. [more...]

Date: 2009-09-28 21:05:11

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