Debt consolidation Loan/Credit Card?

I have a bunch of credit card debt and am looking to consolidate it ... ( over 21% for one of them). The problem is being in a lot of debt i dont get enough credit ... with a perfect payment history but hight debt to available credit ratio can consolidate? It is nice [more...]

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

Blog posts (21) | Videos (8)
 

September 30th, 2008 - Help Stop Debt Harassment, Learn Your Rights!

Obtaining credit can be fairly simple. If you have a steady job, an acceptable debt-to-income ratio, and no history of serious credit delinquency, ... Responsibility of Debt Collectors or other Furnishers to the Consumer Reporting Agencies. Procedures in the Case [more...]

Date: 2008-09-29 05:38:41

Borrowers Beware: Stricter Loan Requirements in 2009

Ah, credit. The nation’s widespread adoption of it has allowed several generations of Americans to spend beyond their means, ... pay more for it. You’ll also need to keep an eye on your overall debt ratio if you’re in the market ... debt ratio at or below 45 percent of their pre-tax income. If you plan to apply for an FHA loan [more...]

Date: 2009-01-13 13:27:55

YRC Worldwide Pursues Long-Term Solution to Improve Financial Condition

Cancels Tender Offer and Evaluates Better Opportunities with its Banks National Integration to be Complete by Early Spring 2009 YRC Worldwide Inc ... facilities that would enhance the company’s financial flexibility including changes to its leverage ratio. The company’s credit agreement defines the leverage ratio generally to be total debt [more...]

Date: 2008-12-26 09:26:02

Credit Spiral

So, say you’ve had a good relationship with a credit card company and been paying off substantially more than minimum payment over recent months ... from the credit card company saying they’re reducing your credit limit, right before Christmas. Would ... of our house leading to a less positive debt ratio report from a credit rating agency [more...]

Date: 2008-11-26 19:39:28

Understanding The Coming "Depression"

Glenn adds an update to a post on financial issues facing old media. BCB highlights some seemingly positive online shopping news ... - low savings, high debt and credit ratios - aren't actually sound economics. Changing it isn't all bad. But be smart and don't fool yourself into thinking this is all mostly a media inflamed problem [more...]

Date: 2008-12-08 12:53:39

Nevada Mortgage - How Much Can I Borrow?

This is typically the first question our Las Vegas Mortgage clients ask when applying for a new home loan ... , type of credit borrowed, and recent inquiries. Debt-to-Income Ratio The (DTI) is calculated ... The DTI would be 42%. Most mortgage guidelines require a 45% or lower Debt-to-Income ratio. Loan [more...]

Date: 2008-12-31 21:02:55

Families transform their finances in ‘U-Turn Challenge’

First Tech Credit Union is about to announce which households will be participating in its U-Turn Challenge ... participating families: Source and stability of income Type of debt Debt-to-income ratio Disposable income ... -determined categories: Debt reduction Savings increase Overall net worth increase Overall level [more...]

Date: 2009-01-15 11:21:05

Is It Time to Refinance?

Is It Time to Refinance? Written by Credit Karma January 9th, 2009 at 7:09 AM CST 2 comments ... . Have the Proper Debt-to-Income Ratio. In the housing boom, debt to income ratios (DTI) were pushing 50 ... your score. Have Equity in your Home. Like the subprime mortgage, 100% financing is generally no longer [more...]

Date: 2009-01-08 17:50:03

Does Your Credit Score Matter?

Almost every other day I see those goofy commercials on TV for your free credit report ... this information doesn’t help.  In reality, most lenders are more concerned with your debt-to-income ratio than ... is actually calculated). If you have a large amount of revolving unsecured debt (primarily credit cards [more...]

Date: 2008-11-26 23:03:58

If you are unable to payoff…

…your credit card debt short-term, consider asking your creditor for an increase in credit. By decreasing the ratio of your balance to the credit limit will be taken to account in most credit scoring models. [more...]

Date: 2009-01-10 17:35:36

How Do I Get Personal Loan With Fair Credit Score But Debt To Income Ratio Is High. I Had Been Declined?

I just got a new job as a nurse, my college loan, car loan, co-signer daughter car loan, mortgage payment, owned a house but no more equity left. my credit score is fair, no late payment. I need immediate financial need to keep me going for the next 6 month. Where can I get quick loan ? [more...]

Date: 2009-09-27 10:51:16

Recent Bankruptcy? It’s Not Impossible to Obtain a Home Loan

Because the new bankruptcy laws go into effect on October 17, 2005, more Americans than ever are filing for relief using the federal bankruptcy laws ... discharge. Ironically, some those that would not previously qualify for a mortgage do qualify after ... payments. The DTI* (debt-to-income) ratio of this person is 81.25%. Since his credit score is low [more...]

Date: 2009-01-15 00:11:26

Economic Crisis Affecting Credit Card Payments

Last week, Standard and Poor's released a new survey that provides a statistical glance at how American households are doing during the current ... who carry a balance, 22% have between $5,000 and $20,000 in credit card debt. 3% have more than $40,000 ... with their secondary card. "This shows that many cardholders have a high debt utilization ratio, [more...]

Date: 2008-10-21 22:20:27

Lending Club P2P: Review of New Post-SEC Changes, Free $25 Lender Bonus

Now that LendingClub has finished their SEC filing and is one of the only P2P lenders currently operating ( ... 660 with a debt-to-income ratio (excluding mortgage) below 25%. In addition, your credit history ... you get. Then you can simply compare this rate with your other options - credit cards, home equity loans [more...]

Date: 2008-12-14 14:30:58

Best Refinance Mortgage Rates - Ways to Qualify for a Low Refi Rate

Obtaining a low rate is a top concern for many homeowners who choose to refinance their existing mortgage ... payments, judgments, and high debt to income ratio are damaging to your credit score [more...]

Date: 2009-01-15 04:45:36

Zimmer Holdings (ZMH): A 'hip' holding

Zimmer designs and manufactures orthopedic implants, including joint, dental, and spinal replacements, ... given how the credit crunch is causing problems for many companies. Zimmer’s ratio of long-term debt to equity is only about 20% of its industry’s average, and it maintains a high level of cash [more...]

Date: 2009-01-08 01:35:40

Reverse Mortgages can Benefit Elderly

As an independent, family company (my father founded Lger holidays in 1983) ... from Scottish widows swap ratio hill may induce patchy measure mortgages grow . IVAs and Debt Management ... in some simple details at our website(www. A change credit gives you notes based on the justness [more...]

Date: 2008-12-19 16:15:44

Rule of Thumb For Reasonable Housing Costs?

In an earlier post on motivating myself to work harder, I had thrown out a piece of “common” financial advice: ... from a mortgage calculator. The “other debt” is the sum of your other recurring monthly liabilities - car loans, credit card balances, student loan payments. There are usually two lender ratios [more...]

Date: 2008-09-10 13:58:59

Top 3 Tips for Qualifying Your Renter / Tenant

What Make A Good Renter? Is a good renter someone with great credit, or large deposit or maybe  high income? ... really work and how much do they make. Debt to Income Ratio - While pulling credit can give ... a debt to income ratio .  This will illustrate whether they have sufficient income to cover their rent [more...]

Date: 2008-10-03 12:59:43

How to Avoid Filing for Bankruptcy

Bankruptcy is an ugly word in the financial world. But many people see it as their only way out of financial trouble ... . Instead, steps should be taken in order to pay back debts and clear credit, like debt consolidation ... is also affected by our society’s recent dependence on credit cards, as well as our debt to income ratio [more...]

Date: 2009-01-06 14:45:08

21 Results