I don’t like debt
Piling of debts can lead to dangerous and often shameful situation. It’s very hard for me to handle more than one debt ... that are searching nor looking a reliable and excellent provider of debt consolidation? No Debt Today group all your credit card payments into a much reduced, onetime payment or they arrange [more...]
Date: 2008-11-24 11:04:56
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Money Monday, 1/12/09
TODAY! (she declared, boldly!) Is the first day of the rest of my life!! ... all these thousands and thousands of dollars needed to beef up the emergency fund, pay off the debts and perhaps even ... start turning my attention to the debts – because frankly, each of those I get paid off reduces how [more...]
Date: 2009-01-13 00:55:00
Fed Watch: Misguided Policies
Tim Duy: Misguided Policies, by Tim Duy: From the wires: 15: ... s economy. Policy would be best focused on supporting the inevitable transition away from debt ... , I find programs that purport to “help” homeowners by reducing their mortgage payments [more...]
Date: 2008-11-13 00:23:00
Jeb, popular with 60%, defended in NYT
Jeb Bush's former budget chief, Donna Arduin today responds to Bill Kristol's recent column questioning the government shrinking credentials of her old boss: During his eight years, Governor Bush reduced the number of state employees by 13,726 ... ; carrying out debt affordability measures; and privatizing services that are run more efficiently [more...]
Date: 2008-12-18 18:25:08
Retirement Investing During Deflation
If a recession becomes severe, dollars may suffer from deflation rather than inflation ... by reducing payments or restructuring. As deflation sets in you’re paying off debt ... in value (real estate, stocks, etc). Most retirees have no job to lose. They’re living off Social [more...]
Date: 2009-01-14 17:25:11
AG urges Congress to changes to help distressed homeowners
Washington's Attorney General has joined 21 other attorneys general to encourage Congress to loosen bankruptcy rules in an effort to reduce home foreclosures. Current bankruptcy laws allow judges to readjust mortgage debt on vacation homes and farms, but not on primary residences. The attorneys general would like to see that changed [more...]
Date: 2009-01-07 22:13:01
Credit Repair Tips and Tricks
The best part about finding a third party credit counselor to tackle your credit repair is that you won’t feel so alone ... a larger portion of your available credit. Last off, look at getting what is known as “good debt,” ... , you should work at boosting your score to at least 700. Reduce your credit card balances down [more...]
Date: 2008-11-24 18:27:25
How to Live on $6,500 a Year and Love It
Show of hands: how many of you dream about moving to the country, growing your own food and living off the grid? ... and comfortably on $6,500 a year. They started with the snowball approach to debt: they worked as hard as possible to eliminate all debt, one loan at a time. After that, they got creative with reducing [more...]
Date: 2009-01-06 11:00:34
Financial Forecast for 2009, Considering Resource Limitations
In this post, I consider some major issues contributing to our current financial problems, before making a financial forecast for 2009. These are 1 ... from the bottom: Layer 1. Household Debt (Mortgages, auto loans, credit card debt, student loans ... debt-based financial system operating. 3. Where we are now, and the role reduced resources [more...]
Date: 2009-01-06 15:10:32
debt debt debt
A debt consolidation company will allow you to make minimum monthly payments. But your principal amount will not be reduced ... have expected, but not stellar by any means. Oh, yeah — any credit card debt forgiveness counts as income ... payment options. Check out this debt settlement company who has helped me with the unsecured debt [more...]
Date: 2008-09-29 12:40:58
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
Impact of Credit Crisis on the Energy Industry - Where Are We Now?
I recently looked through news articles to see which energy sectors were being affected by the credit crisis ... related problems. One is reduced access to credit, making new borrowing difficult for nearly every business that requires debt. Prices for all commodities have been dropping as well. At least part [more...]
Date: 2008-11-30 13:00:54
So you can cut taxes and boost services
The following press release has just been sent out by Conservative run Hammersmith and Fulham Council in London: ... debt. More than £13 million of red tape is being cut in 2009/10 by reducing staff numbers, office space ... Grant settlement (RSG) which sets out central government funding for local authorities in 2009/10 [more...]
Date: 2008-11-26 12:18:52
The Political Case for a Strong Stimulus Bill
The Political Case for a Strong Stimulus Bill Although Obama's proposed stimulus plan is better than what Bush would have devised, his own economic team admits it doesn't do enough to reduce unemployment: “Full employment” ... that won't be effective, but will burden us with greater debt as we plunge deeper into recession [more...]
Date: 2009-01-15 19:06:36
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
Keynesian economics
There is one situation where Keynesian economics work. I should add that as I am a Keynesian supporter in a crude way ... and creating the self-feeding cycles we often see. Savings also reduce the “booms” as people save “ ... just to buy what they did the year before and debt is then the way you buy washers, furniture [more...]
Date: 2009-01-14 22:02:21
How to Deleverage Balance Sheets
Bouncing around trading desks: Credit Suisse is using a novel approach to deleverage its balance sheet…using its illiquid assets to pay bonuses; ... its real! Credit Suisse Group AG’s investment bank has found a new way to reduce the risk of losses ... bonuses. The bank will use leveraged loans and commercial mortgage- backed debt [more...]
Date: 2008-12-18 19:00:02
Rite-Aid: Bewildering Optimism
When considering a company for investment purposes, investors must be wary of managements that over promise and under deliver ... release, management noted reduced profit expectations going forward from an already negative $500 ... % EBITDA increase over prior year (as if debt, taxes, and depreciation are meaningless, all of which [more...]
Date: 2009-01-14 13:53:19
Someone at Credit Suisse has a wicked sense of humor
It really is a thing of beauty (via Bloomberg): Credit Suisse Group AG's investment bank has found a new way to reduce the risk of losses from ... bonuses. The bank will use leveraged loans and commercial mortgage- backed debt, some of the securities ... compensation packages, people familiar with the matter said. The new policy applies only to managin [more...]
Date: 2008-12-18 22:08:35
Learn about debt consolidation.
Debt consolidation alternatives can help you get out from under your overwhelming debt that so many Americans are feeling today and have been ... I know people who have just gotten out of credit card debt just a little while ago, and it was a struggle ... these hard times become easier. Their services include: # Reduce Balances up to 50% - Save [more...]
Date: 2008-12-18 01:57:44
Top 5 ways to ease the strain on household finances
by katie George The onset of the global credit crunch across the UK last year, combined with the after effects of a series of interest rate rises, ... your debts. If you have a range of higher interest debt such as credit cards, store cards, and high ... consolidation loan, which can ease financial management as well as reduce your monthly outgoings. 2. [more...]
Date: 2008-12-15 21:12:10
Gazprom cuts gas deliveries via Ukraine
Gazprom has reduced deliveries of natural gas for transit through Ukraine, which would affect Western European customers, ... deal for 2009 and debt repayments failed late on New Year’s Eve. Around 80% of Russia’s gas ... the shortfall by deliberately cutting deliveries to Europe. With Ukraine’s gas debt to Russia from 2008 [more...]
Date: 2009-01-06 08:42:51
BANKING ON THE FUTURE: YOU
What if students repaid loans with a percentage of their future earnings? ... to remove the risk of overwhelming debt for students and mitigate the social costs of trying to repay it. By gearing repayment to income, the contracts reduce those burdens sharply -- a student [more...]
Date: 2008-12-16 14:13:58
IRS Help for Taxpayers Owing Back Taxes
If you currently owe the IRS and are having trouble making payments due to your current financial condition, there may be relief for you from the IRS. While they won't forgive the debt, they will make ... with an installment agreement in place. They may be allowed to miss a payment or even reduce [more...]
Date: 2009-01-10 17:19:13
Solarfun Swoons; Collins Stewart Cuts Ests Ahead Of Earnings Tomorrow; Sees Possible Cash Crunch Ahead
Collins Stewart solar analyst Daniel Ries once again is cutting estimates for a solar company ahead of earnings ... strained in the year ahead despite a reduced cap ex budget, and revised pre-payment obligations ... by the second quarter of 2009, likely through bank debt. SOLF today has tumbled $1.24, or 21.8%, to $4.45. [more...]
Date: 2008-12-01 16:54:48
Will Bankruptcy Judges Get Power to Strip Down?
The details of the Great Bailout Bill of 2008 are still being mulled, turned over and kicked about by economists, ... of the terms of certain debts, namely auto and student loans and second-home mortgages. Under the Democrats ... of the property falls below the loan amount, debtors potentially could reduce the balance of the loan to equal [more...]
Date: 2008-09-24 15:15:01
Credit Card Settlement Can Trigger Tax
Credit card banks may offer settlement at a reduced amount if you get behind and fail to keep current on your payments. My colleague, Doug Jacobs, talks about Negotiating Your Credit Card Balance in an earlier series of articles on this website. However, if a bank or other finance company agrees to settle a debt [more...]
Date: 2008-09-07 00:48:44
What Henry Ford Knew
"An underpaid man is a customer reduced in purchasing power. He cannot buy. Business depression is caused by weakened purchasing power. Purchasing power is weakened by uncertainty or insufficiency of income. The cure of business ... --counting government loans, stock purchases, debt guarantees, and backdoor handouts by the Treasury [more...]
Date: 2009-01-11 23:58:00
Hark! The Herald angels sink
It’s nice to not have any competition anymore, because that means you can bring the axe down on your staff and reduce the quality of your product, and there’s nothing anyone can do about it. See also: January 9, 2009 — Globe to publish on three Sundays, layoff staff December 3, 2008 — Debt crisis hurts HugeMediaCorps November 28, 2008 — CTV [more...]
Date: 2009-01-15 07:56:52
Where Can I Find Debt Consolidation Information - And How Can I Get Started?
Millions of people find themselves in debt every year ... consolidate debt” and so forth. Depending on the state of your credit rating or credit score ... with you and your creditors to find solutions. Often a credit card company will agree to reduce the amount [more...]
Date: 2008-12-31 00:24:32
Reduce debt
Is reducing debts possible? Absolutely, it is! Debts can give someone a stressful life but with the help of an approved company, ... today and have a DEBT REDUCTION. They have the best credit counselors which will be at your side ... one will be aided in his way to a debt free life. To all clients who are experiencing a problem [more...]
Date: 2009-01-12 03:12:05
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