Tips a Home Owner Should Know Before Refinancing
by katie George Mounting debt has many homeowners considering refinancing their mortgage for the purpose of cashing out the equity to consolidate credit card debt at a lower interest rate. Homeowners should not consider real estate mortgage refinance as a way to pay for a vacation unless it will be your last, a new car or a boat. A good [more...]
Date: 2008-12-29 22:15:15
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Bailing Out American’s Credit Card Debt
We have been hearing a lot of talk lately about bail outs. We bailed out Wall St ... collection agency than Uncle Sam. The end results ... for $16,635 in debt, excluding mortgages, according to Experian. The average credit card interest rate [more...]
Date: 2009-01-09 08:20:46
Beneficial Finance - Mortgage Review
Beneficial Finance, does personal, auto, and mortgage lending as a retail subsidiary of mega-bank parent HSBC Group (NYSE: HBC) ... of Beneficial Finance should be avoided. They are big pushers of credit cards, home equity loans, and debt consolidation mortgages. You can’t expect much better being a subsidiary of HSBC Mortgage [more...]
Date: 2009-01-14 22:05:31
Mortgage Rights and Wrongs
Congress has said that they want judges to adjust mortgage debt. On the face of it, this makes sense. After all, when people declare bankruptcy they get their credit card, auto loan, and personal debts adjusted. What makes a mortgage any different? Well, one difference is the law. By law [more...]
Date: 2009-01-14 05:01:08
20 tips for living on one income
Thanks to everyone who came by with Christmas greetings over the holidays. Hanno and I appreciated them very much ... and one of you loses your job?Your main goal is to keep your home, feed your family and pay off your debt ... it a try. We had already paid off our mortgage but we had a small amount of debt on our credit cards [more...]
Date: 2008-12-29 04:21:00
Mapping Your Financial Future: A Guide - Part 2
by Mike Lazear, PIC Current Assistant Producer This is the second of our three-part series on mapping your financial future ... of personal debt, whether it is from a mortgage, a car, credit cards, or all three ... to go about obtaining one: Sallie Mae - Sallie Mae is a trusted loan provider. Their website will answer any [more...]
Date: 2008-10-14 14:00:21
One Million Use Credit Cards for Mortgage or Rent - UK
According to housing and homelessness charity Shelter, about 85% of the UK’s £1.4 trillion personal debt is secured against property. The good thing with secured debts, of course, is that they normally come with a lower APR (Annual Percentage Rate) than unsecured debts. Nonetheless, a mortgage is by far the biggest debt most [more...]
Date: 2009-01-15 18:34:40
$75 user participation survey for those in debt
As I think I have mentioned before, I am working with a company called DebtGoal in development of their product ... in credit card debt At least 2 other types of debt (mortgage, auto, student loan, home equity loan [more...]
Date: 2009-01-10 15:48:20
Eliminate Debt: Get Back On The Road To Financial Independence
Everybody wants to attain financial independence but are tied down because of debts and lack of financial planning ... to credit cards, car payment, mortgage, student loans, personal loans, home equity, and other bill ... are as long as the one I mentioned above, then debt consolidation might be the best choice. The third [more...]
Date: 2009-01-12 06:32:10
Free credit report for a brighter tomorrow
The family encounters those financial problems arising. They make budgets for the family use and those debts to pay ... all at the same time? Like bills, mortgages, other loans, and credit card that way it’s beyond ... . With the use of debt consolidation, you can pay your multiple debts in one debt. Meaning, combining [more...]
Date: 2008-10-05 06:49:10
Economic Apocolypse: What if?
Economic Apocolypse: What if? September 29th, 2008 By JAZZ SHAW, Assistant Editor What if the stock market fell from 11,000 to 5,000? What if loose credit evaporated overnight? What if people who took outrageous mortgages and debt ... ? What if credit became tight to the point where average households couldn’t have nine credit cards [more...]
Date: 2008-09-29 23:48:42
Do it yourself Credit Repair
by Rob Kosberg You found yourself in a very bad financial situation. You may feel emotional, hopeless, guilty or all of them ... habits. It doesn’t mean a “debt consolidation,” program or a home equity loan .The word is PLAN. Round up all credit reports, bill payment and credit card records, loan and mortgage records [more...]
Date: 2009-01-08 16:17:07
Do it yourself Credit Repair
by Rob Kosberg You found yourself in a very bad financial situation. You may feel emotional, hopeless, guilty or all of them ... habits. It doesn’t mean a “debt consolidation,” program or a home equity loan .The word is PLAN. Round up all credit reports, bill payment and credit card records, loan and mortgage records [more...]
Date: 2009-01-14 23:18:56
Commercial mortgage problems, GMAC & Indy update, Bank branch pricing strong
It was mealtime during an airline flight. “Would you like dinner?” the flight attendant asked John, seated in front. “What are my choices? ... and credit card debt. Last week GMAC received an early “Christmas present” by receiving the Federal ... private equity firms, and the hedge- fund firm Paulson & Co. Credit cards and commercial real estate [more...]
Date: 2008-12-29 13:07:42
Fair Debt Collection - Know Your Rights!
FAIR DEBT COLLECTION If you use credit cards, owe money on a personal loan, or are paying on a home mortgage, you are a “debtor ... Collection Practices Act requires that debt collectors treat you fairly by prohibiting certain methods of debt collection. Of course, the law does not forgive any legitimate debt you owe. This brochure [more...]
Date: 2008-12-27 18:39:33
Money Merge Account Analysis Pt 18
One thing I continue to run into are the post of people who claim to use the Money Merge Account, ... my credit card first! Why? When I pay my car off first, that’s another $387 that goes to other debt every month, vs. only about $60 from my credit card being paid off. My mortgage with 26 years left [more...]
Date: 2009-01-15 13:02:52
Paying off debt
I wish it wasn’t like this but money has a lot to do with simple living ... the life you want. Back in my spending days, credit card debt and a mortgage were normal parts [more...]
Date: 2008-08-18 06:38:00
Affiliate Program Review: T3Leads.com
It seems that new affiliate programs are popping up all the time, ... are in niches including: Debt Settlement Credit Cards Pay Day Loans Insurance Tax Debts Mortgage [more...]
Date: 2008-12-15 05:04:37
What your house is really worth
By Philip Brewer There are several things you can do with a house that you own ... a mortgage on the house or not. Just like having some credit card debt doesn't change the value ... to the structure of any debts you might have. A financial calculator can crank out a value for a $350 [more...]
Date: 2008-09-16 03:14:53
Net Worth December 2008
Finally, I'm wrapping up my 2008 numbers! Today I'll tackle net worth, and I'll post expense and income numbers tomorrow ... to have no debt other than my mortgage-- I had a little more outstanding on my credit card at the end ... growing as I pay down the mortgage-- this assumes that the market value of my home has stayed the same [more...]
Date: 2009-01-12 14:26:33
Credit Card law questionable
There’s no shortage of blame for the mortgage crisis that drove the economy into the ditch ... Act of 2005, households could erase their unsecured debts by filing for Chapter 7 liquidation ... the reform, overindebted households might file bankruptcy and get rid of their credit card debt [more...]
Date: 2009-01-13 10:09:00
New Congress Looks To Add Mortgage Debt To Bankruptcies - BIG MISTAKE
Congress So we have finally flushed most of the bad debt out of our system in 2008 ... modify other unsettled obligations, such as credit card debt. While the housing market downswing ... problem on the horizon is that Congress is back in session today. Instead of looking at 2009 [more...]
Date: 2009-01-06 14:51:56
Bill Clinton Speech Democratic National Convention Speech (Video, Text)
Villagers, it is my view that Bill Clinton did the right thing at the Democratic National Convention in Denver ... , poverty and inequality rising; mortgage foreclosures and credit card debt increasing; health care coverage [more...]
Date: 2008-08-28 01:01:00
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
Christmas: Paid In Full
Yippee! I don't have to pay my Christmas bills if I just download this sheet of stickers from Benny Hinn and follow his simple instructions:CLAIM YOUR DEBT CANCELLATION TODAY BY USING THESE STICKERS!Place a sticker on your mortgage, loan, and credit card bills, as you ask God to give you a financial breakthrough.As you send in your seed [more...]
Date: 2008-12-27 02:35:00
Reasons to Refinance Your Mortgage
Image courtesy of Notionscapital.comThe rates on a 30 year home loan have recently fallen to record lows; and will possibly fall even further ... account or help you pay off your credit card debt a lot faster.Low Cost. If you are one of those ... the process to refinance their loan.Even though the current rate may be lower than what you are paying [more...]
Date: 2008-12-29 11:15:00
To Consolidate Credit Card Debt…
…with a home mortgage, you will generally be refinancing your property and taking cash out to pay off the debts. [more...]
Date: 2009-01-13 13:45:03
Home Equity second mortage Loans - Good For Building
Homeowners sometimes find that after they have moved into their dream home, ... mortgage. This extra money you take out against the home can be used to pay off credit card debt, medical ... as a way to improve the atmosphere of the home. Others will use it to consolidate their bills [more...]
Date: 2009-01-14 07:53:00
Bailout Gets More Costly Due to “Bipartisan” Deal; Foolish Limits on Foreclosure Should Be Removed
Liberal Congressional leaders have apparently reached a deal with the Bush Administration on the principal elements of a $700 billion bailout of the ... student loans, car loans, credit card debt and any other ‘troubled’ assets held by banks.” ... have stuck taxpayers with 100 percent of all losses on any bad loan or mortgage, but not the profits [more...]
Date: 2008-09-28 20:34:55
How Our Gutless Media Helped Trigger the Credit Crisis
By Trudy Lieberman, Columbia Journalism Review. Posted November 20, 2008 ... on a card issued by another lender. This practice has caused credit-card rates for some people ... and helping to pile on debt that has contributed to mortgage foreclosures. But then-Governor Eliot [more...]
Date: 2008-11-21 01:28:57
Mortgage and Credit Card Companies Under the Spotlight on Consumer Charging
For the first time since May 1996 reports have indicated that wage increases have risen faster than house price inflation ... that consumers are struggling with debt. Ed Stansfield of Capital Economics, said, “Today’s figures show that for a small but growing minority of borrowers levels of debt have become a problem, despite [more...]
Date: 2009-01-14 23:35:31
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
Fed's Latest Rescue Package Throws Lifeline to Home Buyers
According to this Reuters article, the Fed announced a new rescue package of $800 billion USD to lower the cost of home purchases, credit card and student loans. Under the new mortgage program, the Fed will buy up to $100 billion of debt issued by government-sponsored mortgage enterprises Fannie Mae, Freddie Mac [more...]
Date: 2008-11-26 09:12:56
Plotting the Debt Reduction Course
It feels like it’s been months since I last accomplished a financial goal. In fact, it *has* been months. It’s getting me down. I eliminated $28k+ worth of credit card debt way back on March 27 with a $508.13 payment ... , you have the right to request cancellation of PMI when you pay down your mortgage to the point that it equals [more...]
Date: 2008-06-12 16:55:34
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
The Friday Gathering: Reader of the week
Wow, Friday already. This week has really flown by. I guess that’s the benefit of staying busy ... Paying credit cards before a mortgage was included in the Carnival of Debt Reduction Frugal Babe [more...]
Date: 2008-09-12 09:42:26
Peter Schiff vs Connie Fogal : Tarvitsemme lisää säästämistä ?
RussiaToday haastattelee.Peter Schiff oli yksi Ron Paul-kampanjan taloudellisista neuvonantajista - ja ilmeisesti Itävaltalaiskoulun yli-innokas ... (credit supply) of 800 billion dollars. Therefore, the debt owing is three times larger than the amount ... billion) is credit created by the major chartered banks as loans (mortgages, credit card loans [more...]
Date: 2009-01-13 13:04:00
When The Checks Stop Coming In: The Human Beat Box
Posted by Bossip Staff Yes. Another one bites the dust, again: Rap icon Doug E ... by banks looking to collect more than $3.5 million in unpaid mortgages on a trio of his Harlem homes. The rapper, 46, also is being chased by American Express for nearly $60,000 in credit-card debt [more...]
Date: 2008-12-15 15:10:01
It will take the average…
…person with $10,000 in credit card debt 30 years to pay off. Consolidate this debt into your mortgage so you have the tax-deduction at the end of the year. [more...]
Date: 2009-01-12 17:32:56
Mortgage Delinquencies Continue to Climb, Watch Out for Other Loans
It's beginning to get really ugly out there... unfortunately 13 months ago when we were told "this is just a subprime issue" ... , student loans, credit card debt. It's all coming down the pike. It appears the pike is coming right ... last year for many loan categories. Overall, 6.6% of mortgages were at least 30 days past due at the end [more...]
Date: 2008-09-23 17:13:49
Top 10 Ways To Save Money - Number 2 - Live On A Budget
Let’s take ten minutes and create your new budget for December. Write down your expected monthly income. (Use your take-home pay.) ... , mortgage, insurance, food, clothing, gifts, miscellaneous, cell phones, credit card payments, etc. Need ... ! This is the amount that you can budget for extra savings or extra debt reduction payments. Did [more...]
Date: 2008-11-29 21:41:51
Declare Bankruptcy, or Tough It Out?
One of our readers, Jill, had this question for us: Mr. Credit Card, We have kept up all our payments and haven’t been 30 days late in 5 years ... us any? We currently owe 38,000 in unsecured debt, 116,000 on two mortgages on our home which is valued ... go about taking that path first, then we’ll look at the reverse situation. Right now, you are [more...]
Date: 2008-11-11 09:45:44
Debt Consolidation.
It is quite alarming to know that families find it hard to get by from day to day on average combined salary of two working parents ... . Most resort to having multiple credit cards and multiple loans to have basic needs met - mortgages, insurance, car payments, tuition fees of children. This is because their monthly ... [more...]
Date: 2008-12-22 18:06:45
When Your Financial State Improves, Do Your Frugal Standards Change?
... replaced. We have very few debts now - just one student loan and a mortgage, no credit cards [more...]
Date: 2009-01-07 20:00:34
Should Christians Use Credit Cards?
This post was written by Linda Bustos is an editor for Creditor Web, where you can learn about debt forum. The Bible gives wise advice that we should not go into debt. There aremany reasons for this – ... there can be understandablereasons to go into debt – a mortgage, a student loan, a car loan – thedebt in itself [more...]
Date: 2008-07-03 12:07:00
Debt Payoff Refinance - Mortgage Rate and Tip For 1-7-09
Real Mortgage Rate and Tip For Today One min. Podcast Ask Terri A Question - Click Here! ... like credit cards or car loans. You can’t use all of your equity. There has to still be 10% equity left in your home or an loan to value of 90%. These used to be very popular right after the holidays to payoff [more...]
Date: 2009-01-07 16:31:45
Debt Consolidation Loan For A Home Owner - 3 Things To Consider
If you want to consolidate your debt–and you own your own home–you’re in luck! ... is typically higher than your first mortgage, it’s usually still lower than the average credit card ... If you’re willing to use your house as collateral, you have a lot of low-cost options for debt [more...]
Date: 2008-12-26 05:47:45
The Truth about Debt Management Plans
by Jon Ochs In my years of experience in the industry, I have found that most people are looking for a debt relief option that does not exist ... Consolidation: Debt consolidation is, in nearly all cases, a home equity loan or second mortgage ... . Because these programs rarely ever do what they claim, and many credit card companies no longer endorse [more...]
Date: 2008-09-21 12:49:13
Consolidate credit card debt with debt consolidation - Loan Modification not the answer
Amazon.de Widgets Consolidate credit card debt with debt consolidationThe move by the FTC comes as federal and state officials plan to expand a crackdown on mortgage-related scams to other schemes that prey on debt-ridden consumers.. Try Credit card debt consolidationCan’t Pay Your Bills? You’re not alone. Today, millions of Americans are having difficulty paying their debts. Most of those in financial distress are middle-income families with jobs who want to pay off what they owe. [more...]
Date: 2009-09-23 18:54:41
The first law that should be repealed in the United States is the 2005 Bankruptcy Bill: Will Obama eliminate debt slavery?
Our centralized government representatives would like us to believe that the subprime mortgage crisis was not expected, however, ... American citizen from this scam? In 2005, they created Debt Slavery by passing The Bankruptcy Bill. After years of lobbying, the “dream bill for credit card and financial service companies” finally came [more...]
Date: 2008-11-17 18:10:02
