debt in america : Ask the Dolans: Is a reverse mortgage a smart move? (blog)

Ask the Dolans: Is a reverse mortgage a smart move?

Filed under: Banks, Borrowing, Debt, Real Estate, Saving, The Dolans Ken and Daria Dolan, America's First Family of Personal Finance, answer your money questions every Friday. Click here to ask Ken and Daria your question. A reverse mortgage can sound like a tempting concept: Instead of you sending a mortgage payment each month [more...]

Date: 2008-11-14 16:00:00

Blog posts (121) | Videos (20)

81,312 Foreclosures in September. More Than Just a Number.

Well the September foreclosure figures are out from RealtyTrac ... to Read If You Live In The Real America, Be Patriotic. Go Shopping And Run Up Credit Card Debt ... foreclosures. Delinquent mortgages, like credit card defaults, do not have to turn into a financial train [more...]

Date: 2008-10-23 18:12:09

Bill Conlin

Angry Old White Man, or Sage?: “There are still newspaper readers who venerate the well-turned phrase, the bold analogy, ... in credit-card debt. They lead to one thing: The dumbing down of America.” Big fans of Conlin’s work [more...]

Date: 2008-12-10 14:45:50

Dandelion Salad By Paul Craig Roberts 10/06/08 “ICH” America has become a pretty discouraging place ... , social programs, and national debt reduction. However, without the Soviet Union as a check ... office. It was in 2000 that derivatives and credit default swaps were excluded from regulation [more...]

Date: 2008-10-07 02:29:39

Subtle Subversion

Medved Myths… Anyone who is not aware that the United States is in deep trouble needs to learn to read. Debt, private and public, is about to sink the good ship America into the sea of world government. The legal structure for Fascism has been set in place by the votes of the farcical individuals [more...]

Date: 2008-12-18 12:25:43

Waterford Wedgwood in receiver’s hands

By Jim Boulden CNN LONDON, England (CNN) — Fine china and glasswork maker Waterford Wedgwood plc has called in a receiver – the British ... Deloitte, and added it will announce later Monday which of its Irish and UK subsidiaries ... no longer pay its debt obligations to a consortium of lenders, headed by Bank of America. Waterford [more...]

Date: 2009-01-05 12:51:10

Getting Out of Debt Quickly pt 1

You are probably familiar with this feeling: Your bills are constantly piling up, but you feel so far behind that you simply cannot bear to even open them. When you do open them, you quickly realize that there is only enough saved up in your bank accounts for you to make the minimum monthly payments and nothing more. You have plenty of other company all over the country. The average family in America is carrying between $8,000 dollars and $9,000 dollars in debt on their credit cards alone. [more...]

Date: 2009-09-25 11:16:53

Banks Agree to Wipe Out Up to 40 Percent of Credit Card Debt But Watch Out.

Credit card lenders include Discover Financial Services LLC, Bank of America Corp., Citigroup Inc., JPMorgan Chase & Co ... with the help of the National Foundation for Credit Counseling, Consumer Federation of America and the Financial Service Roundtable to start the process of creating a debt solution, other than [more...]

Date: 2008-10-31 15:51:17

Shopping for Individual Health Insurance

I am currently on vacation. This is a guest article by Miranda Marquit, who writes about personal finance for Yielding Wealth and edits information on debt consolidation for DestroyDebt.com . One of the biggest concerns right now in America is health care [more...]

Date: 2008-06-09 16:49:45

DrumBeat: October 7, 2008

A Gift From the ’70s: Energy Lessons The presidential candidates claim to see America’s energy future, ... the government to approve state loans for refinancing debt, said a spokesman for OAO Lukoil [more...]

Date: 2008-10-07 13:15:04

Bailout Response

This week our country decided to bailout the economy with a $700 million in aid to lenders so there wouldn’t be a total collapse ... it is about financial loss or profit. In America we have cultivated an attitude of consumer spending that has led to consumer debt. Not only do we have national debt increasing, but household debt [more...]

Date: 2009-01-14 06:55:55

'Six Words for America' by Crunge23

A Declaration of Independence from the Growth Economy

I’ve been enjoying the HBO series ‘John Adams’ on Channel 4 recently, a seven-part series on the founding of America, ... Economy for its own Sake has exploited our talents, put us into debt, degraded our culture and eroded [more...]

Date: 2009-01-15 18:53:27

President Obama Wants You to Get Rid of Your Debt Apply For Your Free Federal Grant Now

Currently the United States of America is facing its most serious economic crisis in decades Commentators noted that the country lost about 2 6 million jobs last year, while another 589,000 were shed in January this year alone [more...]

Date: 2009-09-28 12:22:12

The Gasoline Tax And The Renaissance Of The Bicycle

With the rise of the US automobile industry, the bicycle almost disappeared as a means of transportation in America ... -guzzling ways." It's better to use the money for mortgage payments, credit card debt, or a rainy day ... American public roads in good repair. They determined that the deficit between revenue and expense [more...]

Date: 2009-01-02 00:31:42

Credit card debt and a bad market are hurting debtors

Recently here in the superpower country the United States of America we are sensing the full blown result of what a economic slump can do ... in unsecured credit card debt are also the ones who are going through the most hardships. People should ... . These methods include the world renowned consumer credit counseling (CCCS), credit card debt settlement [more...]

Date: 2008-12-14 16:07:23

Aide with credit card debt is a must for a large number of US consumers

Presently here in the great country of the America we are experiencing a uncharacteristically hard economic cycle financially ... of Americans is the monster of unsecured credit card debt. We have reached an all time high here in the USA ... settlement. Debt consolidation loans can turn out to be pretty precarious. Reason being [more...]

Date: 2008-12-19 14:51:00

The ARM of Satan

Dear United States of America, I have decided to ask you, the government for a bailout ... I have too much credit debt and that is probably crimping my cash flow, but the truth is, I am too important to fail. If I don’t pay off this debt then the financial institutions that I owe money [more...]

Date: 2008-12-15 07:03:46

Debt Buyer Beware

If you receive quotes from anyone who does NOT ask you who your creditors are, you better RUN! With so many people in a financial hardship these days, many unscrupulous, untrained or ignorant people are jumping onto the debt consolidation band wagon… unfortunately this could mean big trouble for you! Did you know Citibank, Discover and Bank of America are much more likely to file a lawsuit against you if you make the mistake of enrolling into a bad debt setllement program over 24-30 months. [more...]

Date: 2009-09-29 15:22:37

Credit card debt and a bad market are hurting US residents

Today here in the great country the United States of America we are sensing the full blown end product of what a economic slump can do ... in unsecured consumer credit card debt are also the ones who are going through the most problems. People ... about to get out of debt. These methods include the world renowned credit counseling, credit card debt settl [more...]

Date: 2008-11-05 00:02:15

Debt Consolidation

Financial forecasts for this year are very dim. Analysts say that the financial crisis in America will be felt around the world and this year, all of us will receive its full impact. Advisors say that it will be wise to hold off big spending and save. Save as much as we can. [more...]

Date: 2009-01-15 02:36:47

And You Thought Credit Cards Companies Here Were Vicious? [Credit Cards]

America's painfully slow economic decline is partly fueled by almost $1 trillion of revolving credit card debt, an albatross our imperial credit card companies are all too happy to export. Most of the world's ... countries." "Industry experts" worry that the 100 million credit card users in China and Turkey may [more...]

Date: 2008-08-11 01:45:45

The Trib is dead; long live the Trib?

The first domino has fallen. The Tribune Co., publisher of what used to be some of America’s best newspapers and operators of 23 television stations, has filed for bankruptcy, citing nearly $13 billion in debt compared with $7.6 billion ... ., struggling with debt and trying to cop a $225 million mortgage on its year-old grand edifice [more...]

Date: 2008-12-08 23:55:19

Argentina's bankruptcy—still proceeding

THE AMERICAS: "Argentina: Better late than never; Ms Fernandez tries to charm the markets by revisiting the 2005 debt swap," The Economist, ... in from the cold. Fernandez does this to repair the country's credit perception as she seeks to float [more...]

Date: 2008-10-20 12:35:58

General Motors: The Next Growth Story?

Before you fall over in disbelief, let me explain that the title of this article is conditional. The legacy costs of ] are staggering. Too much debt, too underfunded defined benefit obligations, too many dealerships, too long before ... American growth story, and NOT just America's problem? There has to be a mandate change. The status [more...]

Date: 2008-12-22 10:35:58

The Curious Case of Ecuador’s Default – And Why It Matters

Thomas Trebat | RGE Monitor, Jan 8, 2009 One of the questions concerning Latin America in 2009 is whether or not the region will be plunged into yet another dismal round of debt defaults as commodity prices stay low and foreign capital ... birth to the term “serial defaulter”, Ecuador’s mid-December decision to default on its bonded debt [more...]

Date: 2009-01-10 04:53:00

The Federal Government may be counting on Middle America's spending to shore up the economy, ... accounts. In the past few months, we've begun paying down debt and putting money aside for a rainy day ... , there's no ladder tall enough to help them see over the top. Some have ended up in this position [more...]

Date: 2009-01-15 14:26:27

America is crumbling

John and I have recently made the decision to start being more frugal with our money ... debt is being socialized, while profit is being privatized. The American people are being screwed. The middle class continues to shrink, while corporate fat cats rake in our tax dollars [more...]

Date: 2009-01-15 12:06:00

A “MISSOURI PLAN” TO CONTRACT THE DEBT BUBBLE PART 1 and 2 By Dr. Edwin Vieira, Jr., Ph.D., J.D.

January 12, 2009NewsWithViews.comAs complicated and confusing as are America’s present financial woes, her fundamental problem is simply stated: This country is staggering towards economic perdition under a gargantuan load of debt that is unpayable in terms of real wealth. ( [more...]

Date: 2009-01-13 13:39:18

Nortel Files for bankruptcy

From Bloomberg:Nortel Networks Corp., North America’s biggest maker of telephone equipment, filed for bankruptcy protection in the U.S ... , had more than $1 billion in assets and debt, according to a Chapter 11 filing of its U.S. subsidiary today in Wilmington, Delaware. Fourteen affiliates of Nortel’s financing unit are seeking similar [more...]

Date: 2009-01-14 18:24:00

236.com: America's Drug Dealer About To Cut Us Off

According to the New York Times, China is "losing taste for debt" from the U.S. Clearly, this is an attempt to goad comedy writers into a 30-minutes-after-you-eat-chinese-you're-hungry-again line. Nice try. And you, too, Royal Bank of Scotland economist Ben Simpfendorfer [more...]

Date: 2009-01-11 02:26:42

Redeem Your Rewards Points For Great Gifts

By Darren Cason The weakening of the global economy and the overwhelming credit crisis in America has led investors to reassess their risk perception, ... you to weather this turbulent storm without sinking deeper into the cesspool of credit debt like so many ... eliminating the former ease with which many obtained credit. This trend is likely to worsen [more...]

Date: 2008-06-06 10:56:40

My Big Financial Investment

The great crime in America is the crime of not discussing money openly ... I had incurred as a result of purchasing a plot of land in Florida. Debt consolidation was what she suggested ... was that when I arrived I was told I needed Debt relief because the land was under water. How is that possible [more...]

Date: 2008-08-20 18:16:00

Drudge Report: Downfall & Breakup of America

American and European think-tanks and media experts have time and again speculated about the breakup of India and Pakistan ... debt has grown like an avalanche, even though in the early 1980s there was no debt. By 1998 ... for the U.S. economy, initially made at an international conference in Australia 10 years ago at a time [more...]

Date: 2008-11-26 21:00:31

The Corporate Elite & Uncle Sam at their WORST!

-------------10/26/2008"Jonathan Melle", who lives in the bottom 10% of America's income & wealth set, via the U.S. Government, which has over $10 trillion (nominal) and counting higher in federal government national debt, now owns shares in my nation's corporate elite financial institutions, including, but not limited to, [more...]

Date: 2008-10-26 19:56:00

Bank of America Seeks Second Bailout From Treasury Department

Yesterday, I speculated on the question of whether a bailout of those in credit card debt would be fair ... bailout funds to one of the nation’s largest credit card issuers. Just when I had begun to think ... of banks that would survive the banking crisis and benefit from consolidation in the industry [more...]

Date: 2009-01-14 23:32:04

Credit Card Issuers See the Writing on the Wall: Forgiveness of Debt — they also got paid in full through securitization, so there is no obligation owed to them

Credit Card Companies Willing to Deal Over DebtBank of America says it eased off on more than 700,000 credit card holders in 2008, ... to foster the explosive growth of consumer debt in recent years, credit card companies are realizing ... and card companies are bracing for a wave of defaults on credit card debt in early 2009 [more...]

Date: 2009-01-05 00:34:25

The Collapse of Personal Savings Rate in America

This year’s dramatic shift in the economy found many Americans without a ‘rainy day’ fund. Millions of Americans lost their jobs and saw their 401(k) wiped out. It is unsurprising then to see that the trend of personal savings rate has been on a fast-pace decline since the mid 1980’s, reaching decade-low levels in recent years. The following graphic shows the trend of personal savings rate per month from 1959 to 2009, along with an alarmingly opposing trend of rising consumer debt. [more...]

Date: 2009-09-29 15:15:49

THE FINTAG NEWSLETTER @ 25 August 2009

FINTAG COMMENT Plastic Ono Bank. Bank of America is having trouble packaging up its credit card receivables and flogging them on. You see, to get a decent FICO score you need debts that are likely to be paid back but BoA seems unable to throw any into the mix. I made the error yesterday of stating Mastercard and Visa were in trouble and rightly so I was shot down for they are payment processors not debt holders. I was using a metaphorical term but it didn't work. [more...]

Date: 2009-08-25 23:35:00

Will America Split, Again?

A Russian professor, Igor Panarin, has been predicting for more than 10 years that the U.S. will soon break-up into smaller parts ... . There is no shortage of cracks in the current system we live under. Our rapidly rising debt to other nations ... request (treasury certificates) what do we do next?On another note, Florida is looking and sounding [more...]

Date: 2009-01-10 17:32:00

Libertarian VP candidate Wayne Root on ‘the battered voter syndrome’

Posted at Root for America “He lies to me all the time. He takes my money and tells me that I can’t spend it as well as he can. I’ve watched him spend us into financial ruin, giving money to his friends. Wasting money on irresponsible schemes. We’re so far in debt, we’ll never get out.” “I work extra long hours to support him [more...]

Date: 2008-10-27 21:27:48

W. and the damage done

President Bush inherited a peaceful, prosperous America. As he exits, Salon consults experts in seven fields to try to assess the devastation ... of $128 billion. Now he's about to dash out the door, leaving a large, unpaid bill ... , or is not among the nearly one in four mortgage-holders whose homes are worth less than the debt on their homes [more...]

Date: 2009-01-09 18:02:54

Evening Buzz

Permalink | Comments (0) | TrackBacks (0) America's Inauguration: A Retrospective--Thomas Jefferson: Americans "Enlightened by a Benign Religion" ... Government, which shall restrain men from injuring one another, shall leave them otherwise free ... , when national administrations of both parties are planning to add trillions to the national debt [more...]

Date: 2009-01-15 21:04:04

Credit card crackdown coming soon!

The Fed is set to vote Thursday on a number of key protections for credit-card customers. Issue #1: America’s Money Crisis Oh Gee, Wow! ... to get out of the spiraling clinches of “Credit Card Hell” and take back your credit worth reputation. This is NOT– Debt Consolidation, Debt Settlement, Arbitration or Credit Consumer Counseling. Don’t even [more...]

Date: 2008-12-18 01:12:11

“America’s Covert Government Lending”

Bingo: Steve Clemons gives it a name. The rationale for the secrecy—that disclosure would precipitate lack-of-faith events that could be disastrous—is entirely valid; but the proposed solutions are not. The popular “debate” so far ... either problem: it exacerbates both. The solution isn’t how best to prop up an empire of debt; rather [more...]

Date: 2009-01-15 07:35:43

Credit Cards Evolve to Attract More Customers

by Darren Cason The weakening of the global economy and the overwhelming credit crisis in America has led investors to reassess their risk ... will allow you to weather this turbulent storm without sinking deeper into the cesspool of credit debt ... perception, eliminating the former ease with which many obtained credit. This trend is likely [more...]

Date: 2008-08-28 00:35:49

Bye Bye Nortel

Once North America’s 2nd largest telecom equipment maker, Ontario-based Nortel Networks Corp. (NT) filed for bankruptcy this morning ... the proximate cause was a (US) $107m interest payment due tomorrow. Another factor was today’ ... a waiver necessary to use the line of credit after Moody’s downgraded Nortel debt to junk bond status [more...]

Date: 2009-01-14 18:01:54

Put an experienced VC in charge of the TARP funds

News Report: BofA to access more TARP funds Not that it should come as a complete surprise, but Bank of America (BAC:NYSE) ... is close to getting billions of dollars more in federal support from taxpayers. As Congress debated ... -elect is being sworn in? In the venture capital world at least, VCs and venture debt lenders alike [more...]

Date: 2009-01-15 15:37:09

THE DEMON ECONOMIST OF MAIDA VALE; ARE 800 YARDS ENOUGH TO KEEP AMERICA FROM DEVOLVING INTO 3RD WORLD MEDIOCRITY?

America cannot stomach the bare facts of economics. What goes up must trough at some point, level, and then rise again ... these must be tax cuts for small businesses and relief for Americans who are threatened with foreclosure ... of debt that by itself could doom the US economy. Most importantly, it must put people who wish [more...]

Date: 2009-01-09 21:59:00

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