Loan Calculator Tips To Save You Money

by Kimberly Eaves This article explains a few things about simple loan calculators, and if you’re interested, then this is worth reading, because you can never tell what you don’t know. Interest only refinance loans offer the flexibility of lower monthly payments and increased cash flow along with providing tax benefits. If you want the best rates when mortgage refinancing you, nothing beats knowing that you can compare offers from lenders or get different brokers. [more...]

Date: 2009-09-19 23:08:59

Blog posts (248) | Videos (7)
 

Hoping to Finish Ahead by Starting Behind

This is a guest post from A.J. Clark , a long-time lurker at Get Rich Slowly. A.J. is a potential Staff Writer for GRS. He is a recent college graduate who writes software in the financial services industry, while trying to find his financial footing in the Real World. $76,133.53 — I owe this total to various lenders, who decided four years ago that trusting an eighteen year old with this sum of money was a good idea. [more...]

Date: 2009-08-06 12:00:28

Find Out More Information About IVA inside this Blog Post

The main advantage of the debt management companies is that they have the experienced in negotiations agents who are well aware of the ways that allow to make good deals with the credit lenders in order to arrange the debts of a client for less than the entire sums. This service comes usually instead of paying the money back in an entire amount. The reduction of the whole amount of debts in such a way is very good idea and it can really help you to avoid much stress. [more...]

Date: 2009-09-25 02:39:32

Loan Calculator Tips To Save You Money

by Robyn Eagan This article explains a few things about simple loan calculators, and if you’re interested, then this is worth reading, because you can never tell what you don’t know. Interest only refinance loans offer the flexibility of lower monthly payments and increased cash flow along with providing tax benefits. If you want the best rates when mortgage refinancing you, nothing beats knowing that you can compare offers from lenders or get different brokers. [more...]

Date: 2009-09-24 17:59:37

Rating cannot be construed as a substitute for an exhaustive audit or a fraud detection

Sep 26, 2009Accounting, Audit The credit crisis has exposed weaknesses in many financial intermediaries. How can rating agencies ensure their views are more accurate and unbiased?  Despite due diligence, there is always scope for improvement. Credit rating agencies (CRA) do not carry out a separate audit but takes cognisance of the information available from annual reports, submissions from management, secondary sources and opinions from lenders/ investors. [more...]

Date: 2009-09-26 05:31:47

Senior LO Sentenced In Mortgage Fraud Scheme Targeting Victims Through TV Ads

Winston Thomas , 43, New Carrollton, Maryland, was sentenced by U.S. District Judge Deborah K. Chasanow to 37 months in prison, followed by three years of supervised release, for failure to file federal tax returns and for conspiracy to commit wire fraud in connection with a scheme in which he and his conspirators offered to help financially vulnerable individuals save their homes from foreclosure, and instead defrauded homeowners and mortgage lenders. [more...]

Date: 2009-09-24 09:07:12

Your Guide into Payday Loans Issues

Pay day loans proved to be profitable for both lenders and borrowers. The former earn money due to lending, since they charge interest fees that proved to be rather high. The borrowers, in their turn, have a place to address, when they incur unexpected expenditures and urgently need money. Those, who are unlucky to have enough savings, may apply for a pay day loan, when they live through rainy days. The amount of borrowed cash usually varies from 100 to 1500 dollars. [more...]

Date: 2009-09-28 21:16:22

Horses are in the next county, time to shut the barn door…..

Okay, this is a classic example of closing the barn door after the horse is out.   Let me explain: New laws that go into effect on Thursday, Oct. 1 say that you can’t do “high cost” loans without verifying that the borrowers can actually make the payments.    There’s a concept that’s about 5 years behind it’s time. And mortgage lenders are “concerned” about it.   Why?   Because they say it will dry up the mortgage world. [more...]

Date: 2009-09-28 20:44:00

Hullabaloo (2009-09-28 19:00)

Fed Up by dday Alan Greenspan had an interesting change of heart today. He endorsed the Consumer Financial Protection Agency as an overseer of banks and lenders. For Alan Greenspan, lapdog to Ayn Rand, perhaps the only person in America not to recognize the possibility of human greed in the financial markets, to come out for a federal body overseeing the Masters of the Universe, the same kind of consumer protections he opposed while chairing the Fed, is quite a turnaround indeed. [more...]

Date: 2009-09-29 02:00:00

Payday lender asks NH OK on high-interest loans

Associated Press - December 29, 2008 4:35 PM ET CONCORD, N.H. (AP) - A payday lender that says it can't make enough money under a new interest rate cap in New Hampshire now wants the banking... [more...]

Date: 2008-12-29 22:03:05

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

The $800 Million Bottled-Water Bank Fraud

For a small, bankrupt drink-maker, Le-Nature has created quite a mess. Lenders and investors, including Wells Fargo (WFC) and BlackRock (BLK), were defrauded of some $806 million between 2000 and 2006, when the company filed for bankruptcy, according to a lawsuit unsealed today. Bloomberg : Ex-Le-Nature’s Inc. Chief Executive Officer Gregory Podlucky was indicted on charges he and other officers at the defunct beverage maker duped creditors of more than $800 million. [more...]

Date: 2009-09-29 16:23:00

100% Home Loan Financing – Bend your muscles

Listen with the current "mortgage meltdown" we are so much about that day, your average consumer thinks that the days of the 100% financing have gone by the wayside. It's true, you are hard pressed these days to a bank or lender who want to carry a second mortgage will find that adding combined with a first mortgage, financed at 100%. This is because if there is a standard, sit in second lien position is particularly risky. Too much risk is involved. [more...]

Date: 2009-09-19 11:52:46

Bonita Bay Brawl: Are Club Members “Victims” Of Developer Lucas and KeyBank?

By Teri Buhl for BankImplode.com The developer of Bonita Bay Club, an exclusive golf community on Florida’s west coast, is using aggressive tactics to get the club’s members to pay off his debts and save him from bankruptcy, according to some disgruntled investors. Questions continue to swirl regarding whether the club’s group of lenders, led by KeyBank , who had lent the developer $120 million by securing club property, is aiding in the scheme. [more...]

Date: 2009-09-29 16:03:28

Lenders hold the keys to housing recovery

Christian L. Redfearn is an associate professor of policy, planning and development at USC and a faculty member at the Lusk Center for Real Estate. He is currently involved in both domestic and international research projects, including Swedish housing markets, residential real estate markets in Singapore, and Los Angeles Basin Real Estate Submarket Dynamics. Insider Q&A spoke with Prof. Redfearn recently about which economic factors are keeping the market bottom at bay. [more...]

Date: 2009-09-26 09:00:20

UK Tenant loans: Great Monetary Aid For The Tenant

When financial requirements are small and urgent people usually prefer to avail funds through unsecured loans. But the main issue is getting funds without any collateral is sounds really difficult. Generally, lenders first ask you to submit collateral against the amount then accordingly they’ll approve your loan application. Due to this reason tenants and non-homeowner can’t able to apply for loans. [more...]

Date: 2009-09-28 11:22:47

What to do if you’ve been turned down for a loan

Turned Down For a Loan?  Improve Your Loan-Ability! This article was written by Becky House, Education Manager for American Financial Solutions. For more information about credit scores, budgeting or managing your debt, visit MyFinancialGoals.org or contact Becky at 1.800.894.3946. Two years ago, someone with a 600 (poor) credit score could qualify for a mortgage or car loan. Now, reputable lenders will not even consider lending to someone with a score below 700. [more...]

Date: 2009-09-26 14:37:00

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

Peter Moricl on the Growing Depression

Even though Nuclear Green is an energy blog, I am taking note of the ongoing economic crisis because it effects everything including the future of ... lenders bought Treasury securities and collateralized debt obligations that fueled the housing bubble ... has collapsed, and without a sizeable reduction in the trade deficit, a sustainable growth path for [more...]

Date: 2009-01-09 11:42:00

What Goes Down Must Come Up

Wise man once said that: a great person can see opportunities in certain circumstances where other people see it as problems ... , or to refinance an existing loan. They can help us compare Oregon mortgage rates, calculate payments, run amortization tables and connect us with the best lenders. There are some incredible Oregon [more...]

Date: 2009-01-11 02:25:58

Foreclosure Conflict

The problem of foreclosure is becoming common every where due to the extremely low economic level for several homeowners ... from their relatives or friends. Though this increases the debt ratio but the success in their job ... with strength and hope. Consulting the lender or the bank officials can help the owners to find many solutions [more...]

Date: 2009-01-15 11:09:29

Why Mortgage Calculators Can Be Useful For Comparing Loans

by Katherine Mclaren Are you looking for some inside information on the formulas used to calculate mortgage payments? Here’s an up-to-date report from experts who should know about free mortgage calculators. Mortgage calculators can be found on a numerous websites. Lots of these websites are run by banks and mortgage lenders and others are run by those who just wish to provide internet users with helpful information. [more...]

Date: 2009-09-25 21:33:49

Stopping Foreclosure On A Biz

The Wall Street Journal: What options you have at this point depend largely on the severity of your financial situation and how you’ve tried ... with the bank or lender early — long before you get any warning notices — when you’re unable to repay ... . If a bank thinks it will get more of the money you owe by making it easier for you to repay, it might [more...]

Date: 2008-12-26 15:08:57

What to do if you’ve been turned down for a loan

Turned Down For a Loan? Improve Your Loan-Ability! This article was written by Becky House, Education Manager for American Financial Solutions. For more information about credit scores, budgeting or managing your debt, visit MyFinancialGoals.org or contact Becky at 1.800.894.3946. Two years ago, someone with a 600 (poor) credit score could qualify for a mortgage or car loan. Now, reputable lenders will not even consider lending to someone with a score below 700. [more...]

Date: 2009-09-26 14:37:00

Payday lender can't charge 365% loan rate in NH

Associated Press - January 6, 2009 3:15 PM ET CONCORD, N.H. (AP) - New Hampshire's banking commissioner has denied a payday lender's request to charge 365% interest on open-ended lines of... [more...]

Date: 2009-01-06 20:40:33

Dealing With Third Party Debt Collectors

Currently, the American penal system doesn’t feature debtors’ prisons. We’re not living in Victorian times ... individuals from invasive debt collection practices. These include statutes of limitations, which say ... after the original lender has sold them to a collection agency. In states such as California, statutes [more...]

Date: 2008-07-03 13:13:03

Bank of America nears govt aid, Citigroup shares drop (Reuters)

WASHINGTON/NEW YORK (Reuters) – Bank of America Corp may receive a $15 billion government infusion to help absorb Merrill Lynch, ... to handle soaring credit losses. Both lenders face mounting pressure from investors that they can manage a surge in bad loans caused by a deep economic recession. The two companies will offer more details [more...]

Date: 2009-01-15 23:32:10

White House Philosophy Stoked Mortgage Bonfire

The global financial system was teetering on the edge of collapse when President Bush and his economics team huddled in the Roosevelt Room of the ... : The credit markets, gripped by panic, had frozen overnight, and banks were refusing to lend money ... , like lenders who peddled easy credit, consumers who took on mortgages they could not afford and Wall [more...]

Date: 2008-12-22 07:32:37

Bad Credit Payday Loans: Meets The Instant Needs Comfortably

If we have been using reduced of finance management during a really consequential juncture, it can be a lot frustrating. Along with it, a past credit problems creates barrier that serve reduces a possibility of availing loans. This credit complaint diminishes your credit and lenders have been not during all meddlesome to suggest any financial assistance. [more...]

Date: 2009-09-29 04:23:53

All cash

We loved this story about people going to an “all cash” lifestyle during the economic downturn:  Kate lost her home to foreclosure, has credit debt judgments against her and faces wage garnishment by credit card companies ... that will make it harder for credit card and other lenders to go after her assets. It’s ugly [more...]

Date: 2008-10-24 15:23:34

Fiat Credit is NOT a Loan

A loan necessarily implies the temporary, conditional surrender of an asset (generally accumulated savings) to another person ... , the lender loses out on whatever he lent you. The equations balance. However, a credit card ... the issue of new debt which must eventually be repaid.  Credit of this nature (not to be confused [more...]

Date: 2008-07-24 13:32:21

Loan Consolidation Can Help You, But Know What You’re Getting Into

Tom Garimentis has given us the great opportunity to look on his web page and find many different lenders whom are offering “unsecured financing” ... in the United States are virtually buried under credit card debt. Many can never seem to get past ... for and they are finding themselves further in over their heads as each month goes by. Credit card debt [more...]

Date: 2008-12-09 15:55:52

Economic Turmoil Causing Credit Card Changes

The economy's roller coaster ride has left most Americans wondering how the recent events will affect their personal financial situation ... , CEO of LowCards.com and author of The CreditCard Guidebook. "Lenders are now focused on limiting ... against cardholders who have taken on too much debt and have increased the risk of defaulting [more...]

Date: 2008-10-02 20:27:18

Consumers' New Found Embrace of Savings Will Make for a Nasty Downturn

The blow to many Americans' net worth via diminished home values and shrunken retirement accounts has lead to a new found insecurity and ... by credit card companies, banks, and auto lenders getting more stringent and, where applicable, cutting ... are not particularly keen to extend credit to them. We have long warned that America's debt-fueled [more...]

Date: 2008-10-21 04:06:27

President-elect Barack Obama says preventing foreclosures is ‘number one’

“I think the most important thing when it comes to declining home values is number one, preventing further foreclosures ... January 19, is considering whether or not to direct “some of the remaining bailout money to foreclosure ... would provide lenders with incentives to modify loans that are either already in default or headed [more...]

Date: 2009-01-08 17:11:53

Monetizing Your Website With Google Adsense Is Easier Than You Think

This site is specifically created for those who don’t want to waste time searching for ‘the best solution’ to earn money online ... Debt Consolidation Endowment Purchase Online Student Loan Consolidation Pop Up Displays California ... Mortgage Refinance Rates Accident Helpline Lenders Tree Acorn Stair Lifts Ambulance Billing Secure [more...]

Date: 2009-01-02 00:57:08

How liberal organizations sell out

What does Martin Luther King Jr. Have to Do With Payday Loans? Recently, the president of the Southern Christian Leadership Conference (SCLC) ... ? Not when you consider that late last year, subprime credit card and payday loan company CompuCredit ... in the civil rights establishment has signed on with the payday lenders. The NAACP has been active [more...]

Date: 2008-08-14 00:19:11

Fix Bad Credit

by John Cooper If you have a low credit score contrary to popular belief you do not have to just wait seven years for your credit report to ... has received some form of payment. For example with a charged off credit card account the debt has been sold to a collection agency, and the lender has no need to save any record of your account [more...]

Date: 2008-12-24 10:55:40

Repossessed Car Owners Shocked After Being Sued By Car Lenders

The latest in reality shows is Operation Repo, a team of “highly paid professionals” in the San Fernando Valley of California who repossess ... $2000. According to the Fair Credit Reporting Act, an auto loan deficiency debt can remain ... a creditor has to take someone to court to enforce a bad debt. Creditors in Rhode Island have ten years [more...]

Date: 2008-12-29 15:51:27

SoCap 2008: Securitizing Philanthropy

There is an irony in the fact that so much of the conversation at the SoCap conference is about moving philanthropy towards a financial markets ... head of the Harvard endowment and current co-CEO of PIMCO, one of the largest investment managment ... capital into a nonprofit debt financing deal to make it more attractive to for-profit lenders. The idea [more...]

Date: 2008-10-15 15:42:43

Is the crunch putting the brakes on credit cards?

by Mark Wright The current economic slowdown that is battering the financial world is a little different from previous ‘market readjustments’ ... debt that individuals have built up during the good times, when credit was easy to obtain ... . In lender’s eyes, this lack of available cash means that customers pose a greater risk to the credit card [more...]

Date: 2008-12-18 10:32:04

How You Can Remove a Collection Account From Your Credit

by Justin Hutto You must dispute a collection, to remove it from your credit report. This dispute needs to be filed with the credit bureaus ... dispute information requests, debt validation, and creditor direct intervention. What is a collection ... to recover payment. It is common for lenders to have an in house collection agency. However many also [more...]

Date: 2008-11-15 18:16:08

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

How To Do A Short Sale

Why Would a Lender Accept a Short Sale? By Elizabeth Weintraub A short sale in real estate is not always a pleasant transaction ... credit, embarrasses the family and strips an owner of dignity is one of the hardest. For owners ... conditions pursuant to the Mortgage Forgiveness Debt Relief Act of 2007, be aware the I.R.S. could [more...]

Date: 2009-01-11 18:17:51

Get a new house with bkr loans, 474007 euro in one day

Start with credibility. It’s not easy to know if the prices quoted by lenders are reliable. And of course, each loan and each borrower are different ... estate rather than other property and in some cases only land may be mortgaged. Settlement costs ... for 6 percent. While a mortgage in itself is not a debt, it is evidence of a debt of 8 percent [more...]

Date: 2009-01-15 21:15:03

Chase pulls out of Wholesale Lending with Mortgage Brokers

I just received this memo from Chase: “Home lending remains an integral part of our firm’s overall financial strategy, and as such, ... -originated loans acquired from Correspondent lenders. Our new strategic direction is supported ... decision, we will no longer accept any new locks and registrations from or purchase any loans [more...]

Date: 2009-01-13 20:24:21

Fix Bad Credit

by John Cooper You do not have to just wait for negative marks on your credit report to fall off. You can remove them and improve your credit score ... card account the debt has been sold to a collection agency, and the lender has no need to save any ... dispute information requests, and debt validation. You can also help your credit score by opening [more...]

Date: 2009-01-14 19:07:31

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

re: William Watson: Deflation isn’t the problem

Mr. Watson I'm not convinced you're right on this. For one thing, I'm not sure that an economy burdened by debt can prosper. The rewards need to favour the risk takers over lenders, otherwise nothing happens. Therefore, this ratio will likely sort itself out (in the form of inflation) whether intentional [more...]

Date: 2009-01-15 06:37:43

Bankruptcy Concerns

A big concern for those Americans who choose to file Chapter 7 or Chapter 13 Bankruptcy is how and when they will be able to regain their credit ... you from getting new credit. Many lenders target recently bankrupt consumers as customers. And now is the time to begin credit repair. Immediately after a bankruptcy filing, you can expect credit [more...]

Date: 2009-01-14 22:18:32

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