Is Debt Consolidation The Right Choice For You?

by William Blake Debt consolidation means to combine several small debts into one single payment per month in order to lower monthly payments or high interest rates. Typically, consumers will consolidate credit card debt, medical bills ... rate and create payments that are more manageable. Keep in mind that for debt consolidation [more...]

Date: 2008-10-27 12:23:33

Blog posts (39) | Videos (16)
 

The Secrets Of How To Consolidate Debt

If you find yourself facing a mountain of monthly payments and see your outstanding loan balances hovering at the exact same amount for months or ... consolidation method is to transfer high-rate credit cards to a lower-rate card. However, consumers ... even years, you may be wondering how to consolidate debt in a way that protects your credit score [more...]

Date: 2009-01-15 01:32:23

What You Should Do To Find Out About Raising Credit Rating Before You’re Left Behind

The recent rise in consumer debt has many people in this country struggling to get credit of any type, however, ... to get a loan or credit card but invariably these cost the consumer more because of their situation ... for lenders with low credit loans. What most consumers do not realize is the more often you apply [more...]

Date: 2008-11-25 14:10:28

Debt Managment and Debt Consolidation Loans For Bad Credit

Amazon.de Widgets What is debt consolidation but a way to financial freedom with positive actions to bring about resolutions of high interest rates, late fees, over the credit line fees, etc. and see ones balances decrease instead of increase with positive impact on the credit rating. The question is frequently asked by consumers who find that answers to accumulating debt are on the wire and something has to be done. [more...]

Date: 2009-09-22 05:45:34

Wall Street Breakfast: Must-Know News

GM shifts into high gear after GMAC bailout. General Motors (GM) ... on hold when GMAC was forced to tighten its credit standards in October. GM will also offer low ... to consumers with lower credit ratings and has begun reaching out to customers worried about credit [more...]

Date: 2008-12-31 12:12:10

How to Repair Derogatory Credit on Joint Credit Accounts

Whether you were recently divorced or decided to partner up with someone on a financial venture that went sour, chances are your credit worthiness and credit rating have taken quite the beating. There are many reasons that consumers fall behind or quit making their monthly credit installments all together [more...]

Date: 2009-01-04 04:45:10

The Fed Should Buy Down Consumer Credit Card Rates - Fast

Lets say I owe the bank behind my credit card  1k dollars and Im paying  10pct interest because the best I can do is a little bit more than the ... that I have my credit card  with and charge it 5pct plus some warrants to in turn loan that money back ... with to help save people’s homes, are many of the same banks that are pounding credit card holders [more...]

Date: 2008-10-24 23:38:36

How to Eliminate Rising Credit Card Interest Rates

Beginning until July 2010, new credit card regulations become effective which are designed to protect consumers against arbitrary increases in interest rates and other unfair practices. There should be doubts however, if these new rules will really help at all. Why would these doubts exist? [more...]

Date: 2009-01-06 18:24:10

So What's Replacing Boarded-Up Payday Lenders? Credit Unions! [Credit Unions]

Consumers in Washington D.C. have apparently flocked to credit unions since the district outlawed payday lending last year. Payday lenders whined that lending without 300% APRs was utterly unaffordable, but credit unions ... percentage rate of up to 18 percent. Unlike payday loans, in which borrowers sign over part [more...]

Date: 2008-07-27 14:15:43

Are your APR’s increasing and you have no clue what is happeneing

Credit card issuers have large amounts of power over us, and it seriously is ludicrous. They have the right to significantly jack up our interest rates, lower our credit limits, and even share personal information on us. Credit card sign up applications are extremely one-sided and only benefit one party, the credit card organization. Most consumers are under the misconception that these are legal documents they are putting their name on, but that isn’t the situation whatsoever. [more...]

Date: 2009-09-06 13:11:38

Consolidation Loan Choices Make Choosing Easier

by Daniel Atolben Debt consolidation loans were created solely as a means for putting all the debt together, or consolidating it, ... takes your debt total, and through many different types of loans, can, with the appropriate credit ... with the highest credit rates. Home equity loans are also valuable to a consumer interested in debt [more...]

Date: 2008-12-25 14:11:33

Consumer Credit Debt Consolidation – The Best Options

Amazon.de Widgets The practice of taking out a single loan in order to pay off all previously existing loans is referred to as consumer credit debt consolidation. The reasons that people choose this debt elimination option are to secure a lower interest rate, and also for the simple convenience of having to pay only one loan at the end of each payment period.Collateral is traditionally required in these types of loans due to the borrower’s tarnished credit history. [more...]

Date: 2009-09-22 21:49:03

Bogus and Scam Credit Counseling Groups Become Target Of Florida Legal System

TALLAHASSEE, FL - Attorney General Bill McCollum today unveiled his office’s latest consumer protection initiative in the form of a coordinated ... , all of which were purportedly offering debt relief services including credit counseling, credit repair, debt management, and credit card rate reduction services. “As more Floridians facing financial [more...]

Date: 2008-10-21 05:39:01

Is Vacation Ownership Immune from the Credit Crisis Cold?

I wrote this article for  ARDA’s Development’s magazine in the summer of 2008 ... in record numbers, wouldn’t they default on their timeshare loans first? The correlation has not yet become apparent. Default rates across a spectrum of consumer credit has risen, spreads [more...]

Date: 2009-01-15 16:07:27

Debt relief Deals “attack on the confidence of consumers”

How’d you to your monthly credit card payments and loans - guaranteed? ... said Carol creditors can lower their interest rates. Carol, who can pay their credit card, mortgages ... rate or reduce the amount you are liable. But beware! Some of these programs are debt relief Scams [more...]

Date: 2008-07-18 10:38:03

New Regulation on Credit Card Unfair Practices Approved

This week, the Federal Reserve, the Office of Thrift Supervision, and the National Credit Union Administration, ... or Practices, by financial institutions in connection with consumer credit card accounts and overdraft ... until a payment is over 30 days late. I always understood credit card rates to be variable, meaning [more...]

Date: 2008-12-20 18:34:48

Your Guide to Do It Yourself Bad Credit Repair

by Landon McGehee With each day that passes, a poor credit rating will become more of an expense. Improving your credit score really does pay off ... Commission, which is the government agency responsible for protecting the rights of consumers, tells us in plain English, “Do yourself a favor and save some money. Don’t believe these statements.” This a [more...]

Date: 2008-11-05 11:51:44

Your Guide to Do It Yourself Bad Credit Repair

by Landon McGehee With each day that passes, a poor credit rating will become more of an expense. Improving your credit score really does pay off ... Commission, which is the government agency responsible for protecting the rights of consumers, tells us in plain English, “Do yourself a favor and save some money. Don’t believe these statements.” This a [more...]

Date: 2008-11-04 08:35:48

Credit Card Day of Reckoning This Thursday?

Most of us are painfully familiar of the tendency for credit card issuers to try and screw us in any and every way possible, ... card (like, say, your interest rate…) if you default on another, completely non credit card related ... all are expected to act on Thursday. Consumer groups say practices of credit card companies blindside [more...]

Date: 2008-12-15 03:05:04

Why Internet Marketers Love The Global Recession!

Internet marketing experts are thriving today as never before; ... out the storm on credit. Credit card companies are lowering limits and/or raising the interest rates ... -to-Consumer business is just as bad, if not worse. Millions of jobs have evaporated in the past year alone [more...]

Date: 2008-12-31 05:02:24

Reining in Harmful Credit Card Practices

By Karen Harris,  Supervising Attorney Medical emergencies, unexpected events, job loss, ... risk” consumer’s ability to pay off credit card debt may be exacerbated by the likelihood of unexpected ... or other credit card debts pay higher interest rates or have other penalties or restrictions placed [more...]

Date: 2009-01-09 18:20:42

N.J. man learns modifying mortgage to cut payments may impair credit rating

by Moe Bedard on September 29, 2009 · 0 commentsin American Nightmare To confuse consumers even more, not all lenders follow the guidelines.That may change on November 1, when lenders can use a new code to report them as a “loan modification under government program.” The code will clarify which borrowers have taken modifications, but because the modification process itself is not streamlined, it won’t be the only worm squiggling out of the can.The bigger impact on credit scores may depend on how [more...]

Date: 2009-09-29 13:48:05

Credit Card Laws and Court Rulings–Have They Helped Consumers?

This is a guest post by Bill Hardekopf, CEO of LowCards.com . Congress passed the Credit CARD Act in May but gave issuers and banks almost one year to implement the major provisions of the bill. Since then, issuers did exactly what they threatened to do–raise rates and fees on a broad group of cardholders. Consumers and elected officials are not happy about this, and members of Congress plan to introduce a bill to accelerate the effective date of the bill from February 22, 2010 to December 1, 2009. [more...]

Date: 2009-09-25 19:18:38

50%+ rally in the stock market but situation is getting much worse

We have enjoyed a +50 percent rally in the stock market yet this rally has been unable to create private sector jobs or stem the economic pain for most. Millions have seen their bills skyrocket, credit card interest rates hiked, hour’s cut, wages slashed, and are dealing with an accelerating decline in home prices (FL) and pitiful stock portfolios. In order to get a sustained recovery, consumer spending (70% GDP) will have to rebound sharply, which is not going to happen anytime soon. [more...]

Date: 2009-09-29 12:17:40

The Mission: CD Rates California, Mission Bank

Choosing a savings plan that makes sense for you and your lifestyle can be a difficult task ... , certificates of deposit, credit cards, and business, agricultural, commercial real estate, construction, residential, and consumer loans.  It also provides credit card processing services to area [more...]

Date: 2009-01-15 05:21:10

Home prices rose in most major cities in July

Home prices rose again in July, a trend that will help ease the foreclosure crisis and slowly rebuild the wealth of millions of American homeowners. Higher home prices show that recession-weary consumers are still willing to take advantage of a deal. Prices had declined for three years before turning around in June. Now, mortgage rates around 5 percent, a tax credit for new owners and low-priced foreclosure have people scouring real estate Web sites, visiting open houses and signing contracts again. [more...]

Date: 2009-09-29 19:52:08

Free Credit Repair

Free Credit Repair Posted By Gary Antosh on @ 8:27 am by Landon McGehee With each day that passes, ... Commission, which is the government agency responsible for protecting the rights of consumers, tells ... This agency even claims that it is possible for anyone to improve their credit rating on their own, without [more...]

Date: 2008-10-23 13:27:00

Thursday morning links

TOP STORIES GDP falls 0.3% in third quarter on dive in spending - MarketWatch World markets cheer Fed rate cut - AP Bernanke makes it official ... as U.S. dollar falls - Canadian Press Credit card borrowing reaches record levels as consumers turn to plastic ... . We are Japan. - MarketWatch Greenspan Slept as Off-Balance-Sheet Toxic Debt Evaded Scrutiny [more...]

Date: 2008-10-30 12:42:00

Friday morning links

TOP STORIES Rate cut from Japan, Barclays seeks funding - Reuters Nevada, Michigan, Florida lead 'underwater' list - AP Housing plunge: ... is more likely than many assume - MarketWatch Banks, consumer advocates urge U.S. to allow credit card debt ... it feels so bad - CNN/Money Economic data point to the start of a recession - LA Times Recession Ghost [more...]

Date: 2008-10-31 13:20:00

Will the GMAC Deal Spell Relief for GM?

“Consumer credit is the jet fuel of the auto business,” said Michael J. Jackson, chief executive of AutoNation Inc ... . Also, falling auto sales aren’t the only problem facing GM. The auto maker is dealing with myriad issues, ranging from the speedy rate at which it is burning through cash to a punishing level of debt [more...]

Date: 2008-12-30 09:57:00

Kevin Drum — Why Can’t We Have It All?

Kevin Drum is looking at the benefits of massive fiscal stimulus as well as tax cuts… And he wonders why we don’t do both? Stimulus spending can ( ... than they are today. Likewise, it will be helped along if consumers have paid down some of that credit card debt and put a few dollars aside. Right? We can’t keep running a negative savings rate [more...]

Date: 2009-01-12 21:07:07

Getting Out of Debt Now and Improve Your Credit Rating

by Eric Jilson Debt is often one of the largest expenses people may have. Paying off a debt should always be of a higher priority than savings and investments. It makes perfect sense that reducing debt quickly will result in a better return to consumers than putting [more...]

Date: 2008-11-24 22:25:53

Debt Settlement, Bankruptcy and Credit Ratings

by Eric Jilson Debt is often one of the largest expenses people may have. Paying off a debt should always be of a higher priority than savings and investments. It makes perfect sense that reducing debt quickly will result in a better return to consumers than putting [more...]

Date: 2009-01-08 14:53:06

Philippine Congress Tables Proposed Credit Card Interest Rate Cap Law

While the public was distracted yesterday by the deliberations of the justice committee of the House of Representatives on the substance of the ... . They consider any balances left unpaid as unsecured loans, as opposed to other forms of consumer loans which [more...]

Date: 2008-11-26 14:12:51

Consumer Groups Blast Banks' Card 'Tricks'

If credit cardholders feel worse off since the passage of the law designed to protect them from banks, that's because they are. An avalanche of new fees, interest rate hikes and other costly changes since the law was signed in May suggest the Credit Card Accountability, Responsibility and Disclosure Act, or the CARD Act, has backfired. [more...]

Date: 2009-09-29 19:40:03

Goal Setting: Getting Out of Debt Once and For All

By Nora Dunn It is easy enough to say that you have a goal of being debt free in “x” months or years ... out her credit card and dig an even deeper hole of debt in the name of “treating” herself ... are? A friend of mine has gads and gads of consumer debt – the worst kind, with high interest rates [more...]

Date: 2008-12-16 21:11:59

TARP II: The Wrath of TALF

In normal times the Federal Reserve responds to crises by using teeny, gold-plated hydraulic levers to raise and lower interest rates ... which it will lend up to $200 billion to support the issuance of debt backed by consumer and small-business debt -- such as credit-card loans, student debt, auto loans and loans backed by the Small [more...]

Date: 2008-11-26 15:35:02

MortgageNewsClips: Catching Fraud, HSH on Fixed Rate, Super Human, Stephanie Pomboy, Reverses Go Live, Tom Brown, Mod Section 6 links, FDIC Highlights, Accounting

Discussing Loan Reviews with Andy Hall  - John Clapp - MortgageOrb chats with Andy Hall, ... that it will take consumers at least five years - and probably more - to recover from the credit crisis ... Oversight Panel’s First Report: Unfortunately, Just What We Expected  Elizabeth Warren seems determined [more...]

Date: 2008-12-20 12:53:02

D. Other Publishers

A number of publications from non-Nolo publishers have a wealth of information beyond what is in this book. The Ultimate Credit Handbook, by Gerri Detweiler (Plume Books), covers everything you’d want to know about credit ratings, credit cards, completing credit applications, protecting your credit privacy and many other topics. Surviving Debt: A Guide for Consumers, by National Consumer Law Center. NCLC is a nonprofit organization that normally publishes books to assist lawyers. [more...]

Date: 2009-09-24 02:03:01

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