An argument for forgiving consumer debt.

An argument for forgiving consumer debt. Looks like Bank of America needs more money to save Merril Lynch ... to debt servicing, that is the money paid in interest late fees and overlimit fees, all the things ... , that just creates a bigger hole down the road. A better sollution is to figure out a way to get people out of debt [more...]

Date: 2009-01-15 18:04:55

Blog posts (186) | Videos (236)
 

Winners and Losers from Current Economic Situation.

In the current economic situation we have Low inflationLow PoundVery low interest ratesDeclining output / rising unemploymentWinners include: ... is not rising ( at moment). In theory people with credit card debts should benefit, but, in practise, banks have not passed rate cuts onto those paying credit card debts. Interest rates are still around 16-17 [more...]

Date: 2009-01-13 06:40:00

News and Commentary

Children Heavily Represented Among 917 Dead, Say Officialsby Michael Jansen - Irish Times / Common DreamsHealth officials in Gaza said yesterday that the Palestinian death toll since Israel began its offensive against the Strip on December 27th had reached 917 and the number of wounded 4,100 [more...]

Date: 2009-01-14 08:42:00

Does Obama’s Plan Have Game?

As joblessness mounts and the economy continues its downward slide, ... more government dollars at the problem. Republicans, for their part, want bigger and broader tax cuts ... . And what if the corporate sponsor gets nailed for cooking the books or backdating options? Not a problem [more...]

Date: 2009-01-13 23:12:22

Families Start Saving; Does This Aggravate The Nation's Woes?

Inquiring minds are reading Hard-Hit Families Finally Start Saving, Aggravating Nation's Economic Woes ... their credit-card debt, opened a savings account and stopped taking their two children ... it is axiomatic that the problem cannot be the solution. The concept is so simple that Keynesian demagogues [more...]

Date: 2009-01-07 04:23:00

Why Can't We Bail Out Americans Who Have Overcharged Their Credit Cards?

**Question/Comment:** Sir, I am curious why no one is talking about a sure-fire way to assist over one hundred million Americans ... about a bail out for credit card debt for every American. At $860 - 900 billion in credit card debt currently ... to obtain a credit card for three to five years, it would force Americans to live within [more...]

Date: 2009-01-12 18:03:16

It’s That Time Again: Check Your Annual Credit Report

If you are new to No Debt Plan this may be a new feature for you. Every three months I post up a quick reminder to check your annual credit report ... is used when you apply for credit — for a mortgage, car loan, or credit card. Poor credit leads ... . Why You Should Check Your Credit Report It’s simple: your report shows all of the inquiries [more...]

Date: 2009-01-14 13:00:17

Dinga Long Dave Ringa Long Ramsey

Here's my envelope system, which I am still getting used to ... all that muck before and during Christmas without using a credit card. DING!As we recover from the loss ... . My problem is if I run out of money in one category I borrow from another and that's a big [more...]

Date: 2009-01-14 03:20:00

Rich Blog, Poor Blog

Last night I was watching NOW, featuring Harvard law professor and TPM guest writer Elizabeth Warren, ... History of the Credit Card." And do check out the full Elizabeth Warren interview. It reminded ... that was 'insuring' my credit card, charging a moderate fraction of the balance so that in the event I lost [more...]

Date: 2009-01-03 10:31:45

How To Do A Credit Card Debt Consolidation.

Credit card debt consolidation allows you to pay your current debts in 3-6 years. Under a debt consolidation plan, terms and conditions change ... . There are many types of debt consolidation loans available. There could be a loan that would take you a longer ... . The purpose of debt consolidation is to speed up your paying time and at the same time makes [more...]

Date: 2009-01-15 14:28:51

Quango Irish Bank.

So, starting close to home, finally, it’s Anglo Irish Zero ... under its hood – you can’t pretend the bill isn’t yours – and, overnight, the Irish national debt ... encumber the State with a truly huge amount of total junk – the problem is that they're probably going [more...]

Date: 2009-01-16 02:21:50

What You Must Know About Reducing Your Credit Card Debt

by Ferdinand Mekinsy Reduce credit card debt and eliminate it before it assumes a horrifying shape ” This is truly the crux of the story ... of advice on how to reduce credit card debt, are available, however nothing much seems to change ... debt. As aforementioned,lots of advice are available on how to minimize credit card debt, and the only [more...]

Date: 2009-01-14 13:51:26

money is weird

I am going to write about something people don’t talk about much. Because of the taboo on class in our culture. And the universally agreed upon rule that you don’t talk about how much money you make. But I’m going to anyway. Because it’s weird when you make more money than your friends do. I feel weird anyway. There, I said it [more...]

Date: 2009-01-15 20:39:31

Herman Daly: The Disconnection Between Financial Assets and Real Asssets

This is a repost of Herman Daly's comments on the credit crisis from October 13 of this year. The original post and comments can be viewed here ... . This is because the debt is worth much less, not because there is not enough money or credit ... on it in the amount of future debt. The value of present real wealth is no longer sufficient to serve [more...]

Date: 2008-12-25 18:07:03

Herman Daly: The Disconnection Between Financial Assets and Real Asssets

This is a repost of Herman Daly's comments on the credit crisis from October 13 of this year. The original post and comments can be viewed here ... . This is because the debt is worth much less, not because there is not enough money or credit ... on it in the amount of future debt. The value of present real wealth is no longer sufficient to serve [more...]

Date: 2008-12-25 12:46:44

Carnival of Debt Reduction: Tips via Twitter Edition

Welcome to the Carnival of Debt Reduction, a traveling weekly roundup of the best articles in the blogosphere covering credit cards, consumer debt, mortgages, and the elimination thereof. Here is more information about the Carnival of Debt ... to be featured in today’s Carnival of Debt Reduction. What follows is the best of those submissions [more...]

Date: 2009-01-12 13:00:59

Global Warming – A Marketing Problem?

Being a ‘glass half full’ kind of person, it seems to me that the environmental movement can pat itself on the back for its work over the last few ... . And like a lot of things, if a good part of it comes down to a marketing problem. Never fear [more...]

Date: 2009-01-15 11:45:46

.Busy weekend again.

.Busy weekend again. Friday, 16 January 2009 @ 1:42 A concerned Monarch ... to solve this problem. One of His Majesty’s vision is to target zero poverty in Brunei Darussalam ... (the group that forms the “core” of the poor community) and including those in debt, have fulfilled [more...]

Date: 2009-01-15 17:42:43

My New Credit Card: Not for Credit

Every Tuesday, Smithee presents an article about his own experiences with credit cards and observations about the credit card industry ... not pay well. Overwhelming credit card debt kind of snowballed from there. That was 11 years ago ... credit card debt (roughly $6,400 right now) at a rate of $1,000 / month. It’s on a 0% card. I never [more...]

Date: 2008-12-23 13:04:04

Reveal Right Now Golden Tips For Saving Money On Food.

Reveal Right Now Golden Tips For Saving Money On Food. by Asem EltaherMany people want to save money in a number of different things. Whether they are shopping or going out for a meal, everyone likes to save money and use it elsewhere. Similarly, people want to get tips for saving money on food as well, and would like to maximize the value of their dollar when they are out buying food. [more...]

Date: 2009-09-29 13:55:46

A Word On Credit Card Debt Reduction

Too many Americans have been getting caught up in the credit card debt cycle and have not figured out a way to escape ... is with a credit card debt relief program. The problem is not many have any clue as to what is available to them ... free of credit card debt much faster. The only problem many debtors have with this type of a program [more...]

Date: 2009-01-15 16:29:48

New Credit Card Rules and Regulations - The Good and The Bad

Note: The New Credit Card Rules Do Not Go Into Effect Until July 1, 2010 These days, it seems like whenever there’s a good thing going or some attractive opportunity for pecuniary gain or profit, the masses ultimately swarm the offer like locusts until they’ve completely ruined it for everyone else [more...]

Date: 2008-12-25 03:28:28

The Ponzi Scheme As Way of Life

The Ponzi Scheme As Way of Life Sharon December 19th, 2008 I’m sorry, I’m having a bit of trouble getting all outraged about Bernie Madoff and his ponzi scheme.  Yes, I’m shocked.  Shocked and appalled.  You mean, someone was offering a scheme in which you pay present day participants with the funds of those who come in later, [more...]

Date: 2008-12-19 18:01:37

Car Loans

Like all sophisticates, ... a great job of detailing how the car loan business looked amidst the general credit madness: Here’ ... years and required a 20 percent down payment, which limited the kind of negative equity problem seen [more...]

Date: 2008-12-22 18:56:16

Credit Card Bill of Rights Passes

Credit Card Bill of Rights Credit Card Bill of RightsI’ve always regarded credit cards the same way I do red wine ... s another post entirely.) Universal Default - In the past, if you fell behind on one debt a credit card ... up for freeloaders like myself. Still credit card companies over the years have gradually [more...]

Date: 2008-12-19 19:23:34

Deregulation Japan-style: on the (local) grog

Author: Luke Nottage (with thanks to Ichiro Araki) ... of much accumulated government debt. The country was then hit by the collapse of its export markets ... , evident in product safety or consumer credit re-regulation. On the other hand, deregulation [more...]

Date: 2009-01-15 05:00:05

Poor Credit Debt Consolidation & Debt Reduction - Comparing Debt Consolidation Services

Too much debt is a common problem that affects millions of consumers across the country. Eliminating debt is not an easy task ... one of ABC Loan Guide’s Recommended Poor Credit Debt Consolidation Services. Debt settlements ... are reduced up to 50%. Debt settlement agencies are different from consolidation services [more...]

Date: 2009-01-15 14:15:08

Pertinent Obituary, Dimon Says Worst Not Over, Oil Producers Struggle, The Next Bubble and More!

One company to summarize all of the last 10 years… now on its deathbed Credit crisis survivor predicts “worst… not yet behind us” Oil ... more in the fourth, had a $100 million interest payment due this morning and $4.5 billion in looming debt [more...]

Date: 2009-01-15 19:40:53

2009 Personal Finance Goals and Resolutions

Welcome to the January, 2009 edition of Carnival of Financial Goals. The Carnival of Financial Goals was created just over a year ago to share goals and inspire people to create and achieve their own goals. I have read many inspiring articles over the last few months, and I hope you will find many inspiring articles this month [more...]

Date: 2009-01-05 10:50:38

“We can put light where there’s darkness, and hope where there’s despondency in this country. And part of it is working together as a nation to encourage folks to own their own home.” — President Bush, Oct. 15, 2002 THE BLUEPRINTS In June 2002, [more...]

Date: 2008-12-21 16:01:46

Credit Card Debt Reduction - What You Must Know

by Ferdinand Mekinsy Reduce credit card debt and eliminate it before it assumes a horrifying shape ” This is truly the crux of the story ... of advice available on how to reduce credit card debt, but still nothing much seems to change ... . So, how do you reduce credit card debt? Well, you reduce credit card debt by preventing [more...]

Date: 2009-01-15 14:51:01

Making ENDS Meet

The new year is starting slowly for me. Maybe because I am still adjusting (again) to the fact the husband is away from home (again) ... abroad end up with no investment and are being haunted down by Debt Collection agent. That won't [more...]

Date: 2009-01-15 02:01:26

How To Reduce Your Payments

Are you paying out too much every month for your credit cards, store cards and loans? ... loan? Debt consolidation loans can give you a fresh start, allowing you to consolidate ... rate, cheap, low interest debt consolidation loans can sweep away the pile of repayments [more...]

Date: 2009-01-15 06:07:05

Low Credit Score Means Large Credit Card Debt

Low Credit Score Means Large Credit Card Debt Posted By Jill Brennan on @ 2:12 pm by Jim Bransby In today’s society, ... out is to repair your past mistakes. Get rid of the credit card debt. Call the card company and ask ... your payments on your credit card debt, you might still be hearing from other agents. Resist the urge [more...]

Date: 2009-01-13 08:19:09

Dummy to Dave: A Question I Wish You Had Asked

Dear Dave, In the first hour of your January 12 show, ... debt. You advised Dan that interest wasn’t her problem, budgeting was. You told him to have her run a budget, squeeze out some extra money, and not try to interest-surf her way out of debt. I loved [more...]

Date: 2009-01-15 22:11:21

New York Times Blames Housing and Financial Crisis on Bush

UPDATE AT END OF POST: White House issues statement concerning "Irresponsible Reporting by New York Times." It's official: the housing and financial crisis gripping the nation is President George W. Bush's fault. So said the New York Times Sunday in a 4900-word, front page hit piece entitled " [more...]

Date: 2008-12-21 19:37:01

Do You Have Credit Problems?

Do You Have Credit Problems? by Landon McGehee The term “bad credit” does not mean no credit. It actually means that any credit you may be able to get is at a much higher cost. Because ... are. Your problem: Your credit report contains information that is just wrong. Method #1: Contact the credit [more...]

Date: 2009-01-15 09:12:45

Credit Card Debt Consolidation - Getting Out And Staying Out

Credit Card Debt Consolidation - Getting Out And Staying Out How many people have heard of the term “credit lifestyle”? ... card debt consolidation. The reason being that a lot of people just go out and apply for a credit ... up to a large credit card debt consolidation. Well look on the bright side, it can actually be very easy [more...]

Date: 2009-01-15 03:18:14

Why Even Good Credit Might Get Cut

(Photo: Dan Esparza) You can afford your mortgage, you have a high credit score and you pay your bills on time every month ... individuals account, as a form of loss mitigation. The problem this poses for many travelers [more...]

Date: 2009-01-16 02:35:39

Lies, Lies, Lies - As They catch You In to Accumulate the Debt of the Credit card

Credit Debt of the Card Lie #1 The is if you are according to credit cards to fill the emptiness in your salary or to take care of emergencies, ... factor that leads problem of the debt. It is until their credit card runs outside and their load ... you waltz good in the trap of the debt of the credit card. You can feel that you cannot live [more...]

Date: 2009-01-13 09:53:58

Debt Consolidation

We all know that our economy is not doing well right now ... so you can borrow money and pay off your credit cards and other debts. Debt consolidation can be a tool ... to consolidate your debt. If you are unsure what a debt consolidation loan is then let me enlighten you. Debt [more...]

Date: 2009-01-15 04:16:11

You Must Protect Your Credit Card Information

You Must Protect Your Credit Card Information January 15th, 2009 Subscribe To Our Feed credit card numbers More than ever, people rely on their debit card and credit card to make the bulk of the purchases that they need ... and security of the debit and credit card information. The modern world and modern consumers love [more...]

Date: 2009-01-15 12:58:59

Financial Advice And Free Book Offer From Zen Master Leo Babauta

By Will Chen Leo Babauta is the author of of the highly popular Zen Habits blog and the new book The Power of Less: The Fine Art of Limiting Yourself to the Essential. The book was just released yesterday and it is already the bestseller in Amazon's Motivational Books category [more...]

Date: 2009-01-01 13:26:17

Debt Management Dealing With Debt Management Credit Counseling Corporation & Consolidate Debt Credit Debt Management

If you feel like you are already drowning in the debts that you have gotten yourself into, maybe it is time to get credit card debt management program help. There are various types of companies that can help you solve this dilemma. But your next problem lies on the fact [more...]

Date: 2009-01-15 09:55:29

The 5 Million Frequent Flyer Mile Challenge

... or credit card spending, this project is definitely not for you. I have a healthy paranoia about debt, so it’s not a problem for me, but if you can’t possess a credit card without spending money [more...]

Date: 2009-01-08 01:38:16

5 Good Reason Having Multiple Credit Cards Make Sense

5 Good Reason Having Multiple Credit Cards Make Sense While the opinion of many consumers revolves around the credit negative aspects of credit card use, the majority of consumers in the nation own not only one credit card but have several in their wallets. How do you know how many credit cards is too many? Well [more...]

Date: 2009-01-14 00:37:26

Wolf Versus Pettis on US Stimulus, Fiscal Deficit (Not for the Fainthearted)

Martin Wolf has a very good comment in the Financial Times, "Why Obama’s plan is still inadequate and incomplete," ... 6) I argued that the debt-encumbered US private sector would now be forced to save .... The excess [more...]

Date: 2009-01-14 15:43:00

GOPUSA ILLINOIS Daily Clips - January 6, 2009

Articles of interest to Illinois Republicans recently posted by ABC7, NBC5, CBS2, Chicago Tribune, Chicago Sun-Times, Crain's Chicago Business, Daily Herald, Suburban Chicago News, Suburban Life, Pioneer Local, Southtown Star, Rockford Register Star, Bloomington Pantagraph, Peoria Journal Star, Springfield State Journal Register, [more...]

Date: 2009-01-06 14:05:29

Debt Management Dealing With Do Debt Management Plans Work & Non Profit Debt Management Programs

Debt Management Dealing With Do Debt Management Plans Work & Non Profit Debt Management Programs If you feel like you are already drowning in the debts that you have gotten yourself into, maybe it is time to get card credit debt management ... the necessary steps to find that debt management credit counselor resources or company [more...]

Date: 2009-01-14 03:27:20

Top Online Credit Card Debt Elimination Programs

Top Online Credit Card Debt Elimination Programs Posted in January 15th, 2009 Category: ... Debt Relief Excessive credit card debt has become the leading financial problem for millions ... bills, debt consolidation might be the help you’ve been looking for. To find out if consolidation [more...]

Date: 2009-01-15 22:12:44

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