No Bank Account? Big Problem
A look at people living outside our financial system. no bank account, check cashing store, payday loans ... be waiting to rob them of the hard-earned cash. Still other fast growing businesses offer to loan them money — normally no more than $500 — in advance of payday. In this case, the fees are exorbitant [more...]
Date: 2008-08-24 14:54:23
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When The Chips Are Down, Chipmakers Resort To Other Means
Economic pain that has been hitting the financial economy and the brick and mortar retailers is hitting Silicon Valley as well ... shareholders will provide 500 billion won in fresh loans and extend the maturity of Hynix's debt ... in cash as of Sept. 30, Daiwa Institute of Research Ltd. estimated this month. Still, Hynix had net debt [more...]
Date: 2008-12-26 21:04:00
Cash for clunkers worked like this — (Sticker MSRP + markup + options + fees + taxes - $4,500 = Price you paid).
Financing 100% of the price of a car at anything other than 0% means you are under water after the first year. Most people put nothing down when buying a car — just ’sign and drive’ for whatever you can qualify for and believe the dealer has your interest at heart like with real estate agents. The average new car depreciates 10%- 20% in first year. A 60 month car loan won’t exactly ‘build equity’. Being in the Auto Industry, I can tell you we are having the worst September in our history. [more...]
Date: 2009-09-29 15:46:41
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