A Look at Peer-to-Peer Lending

In an article titled " In a Tight Market, Borrowers Turn to Peers ", Nancy Trejos writes for the Washington Post about the growth in popularity of peer-to-peer lending - noting that "analysts expect the industry to grow as customers who face rising credit card rates search for new ways to refinance their debt." [more...]

Date: 2009-09-20 15:01:40

Blog posts (128) | Videos (56)
 

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

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

Find debt consolidation nationwide!

How does payday loans actually work? Although having a loan is not a very welcome idea, the fact is that during emergency situations, ... when we urgently need to pay for our credit card bills, we did apply for a loan, lol! Good news ... have other services like debt consolidation refinance which provide debt settlement programs that reduce [more...]

Date: 2009-01-13 03:16:06

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

The Economy is a Lie, too

Dr. Roberts is a former assistant Secretary of the Treasury, so he knows whereof he speaks on economics issues. And, for the record, he was equally scathing of economic policy under Bush II’s regime. Flashback: US credit shrinks at Great Depression rate prompting fears of double-dip recession | Nassim Taleb on the economy: ‘We still have the same disease’ | Flaherty sees deficit, debt, and timetable to return to surplus all expanding | Investors dump money market funds | Scotiabank: [more...]

Date: 2009-09-22 12:19:52

Individuals With Too Much Debt Can Receive Monetary Assistance From Federal Grants – Available Now!

Owning a home is a great responsibility and equally a huge reward. Many people who move from an apartment into their own home cite it as one of the most enjoyable experiences of their lives. Home ownership is a very long commitment to a mortgage and that responsibility doesn’t go away just because other circumstances may change. In a financially challenged economy, many homeowners find themselves facing hardships when it comes to keeping their house payments up to date. [more...]

Date: 2009-09-29 18:16:01

Guest Post: Exposure At Default – As Banks Shrink, So Does The Economy

Zero Hedge Submitted by Chris Whalen, Institutional Risk Analytics “I was just reading your testimony on subjectivity and risk in models. I agree, though isn’t the contrast between objectivity and subjectivity more of a continuum? Think about banks. Only 100% reserves makes a bank objectively safe from runs. Once you move to fractional reserve banking you have to accept some subjectivity and make assumptions to model the right level of reserves in order to assess risk. [more...]

Date: 2009-09-17 16:20:49

Refinance Your Mortgage With Bad Credit

The housing bubble has burst, jobs are being eliminated at alarming rates, the stock market has yet to recover, and financial companies are facing unprecedented difficulties. Families across the country are facing financial and personal stress due to these problems in the economy. Jobs are lost, and bills fall behind. It can happen to anyone. There is a solution to finance and housing issues, even with credit blemishes. Bad credit mortgage refinance is available to those who qualify. [more...]

Date: 2009-09-21 19:13:19

Mortgage Refinance With Bad Credit Information

The housing bubble has burst, jobs are being eliminated at alarming rates, the stock market has yet to recover, and financial companies are facing unprecedented difficulties. Families across the country are facing financial and personal stress due to these problems in the economy. Jobs are lost, and bills fall behind. It can happen to anyone. There is a solution to finance and housing issues, even with credit blemishes. Bad credit mortgage refinance is available to those who qualify. [more...]

Date: 2009-09-22 20:48:58

Consumer Credit Debt Consolidation – The Best Options

Amazon.de Widgets The practice of taking out a single loan in order to pay off all previously existing loans is referred to as consumer credit debt consolidation. The reasons that people choose this debt elimination option are to secure a lower interest rate, and also for the simple convenience of having to pay only one loan at the end of each payment period.Collateral is traditionally required in these types of loans due to the borrower’s tarnished credit history. [more...]

Date: 2009-09-22 21:49:03

Exposure at Default: As Banks Shrink, So Does the Economy

Here’s our latest item.  The reader comment at the top is great stuff.  A fishing buddy, all I’ll say.  Best,  Chris ~~~ Exposure at Default: As Banks Shrink, So Does the Economy The Institutional Risk Analyst “I was just reading your testimony on subjectivity and risk in models. I agree, though isn’t the contrast between objectivity and subjectivity more of a continuum? Think about banks. Only 100% reserves makes a bank objectively safe from runs. [more...]

Date: 2009-09-17 02:33:03

Debt Consolidation Mortgage Refinance - Pros And Cons

Amazon.de Widgets Many people are in need of a strategy for paying back their loans. Some people just need a point in the right direction in order to get on the right track. Sure, if we had piles of money lying around our living rooms, paying off our debts wouldn’t be an issue. Since that is not the case, unfortunately, we must weigh all of our available options in order to find the one that best caters to your financial needs. [more...]

Date: 2009-09-23 18:25:44

Words from the (investment) wise 9.27.09

Words from the (investment) wise for the week that was (September 21 – 27, 2009) After hitting its best levels of the year on Wednesday ahead of the Federal Open Market Committee’s (FOMC) communiqué, the S&P 500 Index ran into heavy weather on the realization that the Fed could start scaling back on emergency support of the economy. US equities dropped further later in the week on renewed concerns about the state of the troubled housing market and weaker-than-expected durable goods orders. [more...]

Date: 2009-09-27 12:05:27

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

Several Tips About How To Talk to the Internal Revenue Service

Author : Vlavladi Vishnu That first phone call to the I R S may feel as if you are Luke Skywalker approaching Darth Vader for a final showdown After all, this is the federal government we’re talking about here! This is the same department that put Wesey Snipres away for tax evason, you know the courageous guy from Psassenger 57 All rgiht, so we know right away that of all the call center representatives you could smart-off to, this is not the one Adfter holding patieently and finlly [more...]

Date: 2009-09-25 05:06:03

23 Powerful Tips and Tools to Eliminate Debt

H ere is one of the most frequently asked questions in all of personal finance: "How do I get out of debt?" At one level, eliminating debt is simply about following a few steps: Stop going into more debt Spend less than you make Pay off debt with the difference If you follow these steps, eventually you'll be debt free. The problem is that following these steps isn't always so easy. And to make matters worse, there is a lot of "help" out there that can make matters worse. [more...]

Date: 2009-09-17 10:48:15

Thursday morning links

TOP STORIES GDP falls 0.3% in third quarter on dive in spending - MarketWatch World markets cheer Fed rate cut - AP Bernanke makes it official ... as U.S. dollar falls - Canadian Press Credit card borrowing reaches record levels as consumers turn to plastic ... . We are Japan. - MarketWatch Greenspan Slept as Off-Balance-Sheet Toxic Debt Evaded Scrutiny [more...]

Date: 2008-10-30 12:42:00

When You Have To Refinance Your Mortgage

by John Dashwood One of the most common reasons for refinancing is to use home equity to consolidate high interest card and other debt. Home mortgages have lower interest rates than credit cards and other unsecured credit, so it may lower your overall monthly obligations. However it may raise your monthly mortgage payment. A refinance means many things to many people. If you are switching your Adjustable Rate Mortgage (ARM) to a more predictable Fixed Rate Mortgage (FRM), you can budget your [more...]

Date: 2009-09-21 19:35:45

How you can get the lowest interest rate possible?

Next to winning the lottery, a debt consolidation loan is a debtor’s dream. With one monthly payment and a fixed monthly payment schedule, you can actually see an end to those monthly payments. In reality, consolidating bills isn’t always easy. If you have a lot of debt, it can be hard to find a consolidation loan at a lower interest rate. And if you’re not careful, you can end up deeper in debt than when you started. Your goal in consolidating your debt should be to lower your overall costs. [more...]

Date: 2009-09-20 21:23:42

Words from the (Investment) Wise (Sept. 27, 2009)

After hitting its best levels of the year on Wednesday ahead of the Federal Open Market Committee’s (FOMC) communiqué, the S&P 500 Index ran into heavy weather on the realization that the Fed could start scaling back on emergency support of the economy. US equities dropped further later in the week on renewed concerns about the state of the troubled housing market and weaker-than-expected durable goods orders. [more...]

Date: 2009-09-27 14:33:29

Need a Payday Loan? Important Tips are Here!

Do you looking for a same day payday loan? The financial help through a no fax payday loan will be a best option for you. Getting a loan on the same day of application is not that complicated because of the increase in payday loans available today. This will help you to manage your unexpected expenses without any delay. You don’t have to waste your time on faxing documents and proofs. If you are not getting approved by one lender, don’t be panic. You can try with other lenders. [more...]

Date: 2009-09-29 18:16:13

Lowering Student Debt: A Number Of Really Wonderful Tips

September 19, 2009 | By Dawn Enstruthe In Finance | It is easy for a college student to rack up a lot of student debt. Eventually all of those student loans have to be repaid. Here are some tips lower your student debt.You should not take any loan unless it is totally required. This applies to student loans, second mortgages and credit cards. The student aid application has a box to check if you are interested in student loans. [more...]

Date: 2009-09-19 20:12:24

How Divorce can Impact Your Credit Report

Divorce is hard enough.  Don’t complicate it by letting it ruin your credit report. Whether you’re considering a separation or filing for divorce, it’s important that you give your credit special attention. Your credit can have a significant impact on your ability to start this new chapter of life with the resources you need.  Here are the things  you need to look out for. In the event of a divorce, the divorce settlement legally covers things jointly owned. [more...]

Date: 2009-09-24 09:15:32

Debt Consolidation - What you will Need to Know

Amazon.de Widgets These days with the ever-increasing amount of personal debt spiralling out of control debt consolidation loans are becoming more popular.Making several different repayments to creditors each month can often becoming confusing and the odds of forgetting about one or missing a payment on one increase with the more outstanding debts you have.Consolidating debts into one easy loan means you only have one repayment to worry about each month. [more...]

Date: 2009-09-23 19:15:46

Words from the (investment) wise for the week that was (September 21 – 27, 2009)

After hitting its best levels of the year on Wednesday ahead of the Federal Open Market Committee’s (FOMC) communiqué, the S&P 500 Index ran into heavy weather on the realization that the Fed could start scaling back on emergency support of the economy. US equities dropped further later in the week on renewed concerns about the state of the troubled housing market and weaker-than-expected durable goods orders. [more...]

Date: 2009-09-27 07:51:48

Words from the (investment) wise for the week that was (September 21 – 27, 2009)

After hitting its best levels of the year on Wednesday ahead of the Federal Open Market Committee’s (FOMC) communiqué, the S&P 500 Index ran into heavy weather on the realization that the Fed could start scaling back on emergency support of the economy. US equities dropped further later in the week on renewed concerns about the state of the troubled housing market and weaker-than-expected durable goods orders. [more...]

Date: 2009-09-27 07:51:48

Should You Walk Away From Your Home?

(source) Despite the struggle, most responsible homeowners don’t think twice about whether they should make the mortgage payment each month ... ) which will be made tougher by the loss of income. There are many debt consolidation and loan ... back from bad credit and don’t want to let your credit score sink again. Whether you choose to fight [more...]

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

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

Review of 2008 Economic Predictions

Here we go… My overall assessment is that: a) All major directions were right in this prediction b) Where I was wrong, I was either too early and (amazingly) too optimistic. It has hard to realize how long ago in financial terms Jan 2008 was. As you read these predictions, they look almost mild, yet in January 2008, [more...]

Date: 2009-01-14 13:48:45

How to Use a Government Grant to Pay Off Credit Card Debt

Amazon.de Widgets As appealing as the idea of being handed cash to pay off all your debts may be, there are no government grants aimed at paying off credit cards at this time. Any company that tells you that they can find such a grant is just trying to get a fee out of you. In the end, these companies will tell you what you can find out for free on your own.This doesn’t mean that you can’t pay down some of your debt with free money from the government. [more...]

Date: 2009-09-17 20:35:47

Review: Financial Infidelity

Each Friday, The Simple Dollar reviews a personal finance book of interest. ... that can be the earliest cracks in the foundation of a marriage. A little withheld truth about a credit card debt ... some incredibly devastating tales of woe - suddenly discovered five-figure credit card bills, closets full [more...]

Date: 2008-08-22 14:00:37

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

More Credit Card Applications Are Being Rejected Than Ever Before

As if we needed more proof that the credit crunch has left a lasting impact upon the UK finance market, the news that between 40% and 50% of all new credit card applications are being rejected is evidence enough.  It seems that the banks and finance companies are running scared, and perhaps taking a more balanced view of potential future problem accounts.  So what is really happening? [more...]

Date: 2009-09-25 02:05:14

Debt Consolidation

Debt Consolidation December 29th, 2008 It is quite alarming to know that families find it hard to get by from day to day on average combined ... from and they have more than their loaned amount to pay from interest alone. Most credit card companies charge a whopping 400% interest per year if you aren’t really able to completely pay your credit card [more...]

Date: 2008-12-29 02:07:05

Government Intervention in Foreclosure

This is Part Four of a series of articles on foreclosures. This article does not constitute legal advice. Foreclosure laws vary from state to state. Homeowners in financial distress should always hire legal counsel. Call your local state bar association for a referral.  Reduced or free legal aid may be available in some states [more...]

Date: 2009-01-07 07:00:13

We Consolidated Our Debt But Right Back in the Same Spot Again. – Melissa

Rollover USA-401K Rollover to IRA is a post from: Rollover USA-401K Rollover to IRA “Dear Steve, Two years ago we refinanced our house to pay off some debt and get rid of our ARM loan, but we were stupid and now are in the same position with credit card debt. Would it be smart to refinance to try to get a lower payment? I keep getting things in the mail [more...]

Date: 2009-09-22 13:52:16

Credit Scoring Rules are Changing (again)

Not too long ago, FICO changed its credit scoring formula.  Remember when it changed the way it handled “authorized” users?  Well guess what? ... . If your credit card issuer slashes your credit limit…you could see your scores plunge, regardless of whether ... have few open, active accounts. Because more credit card issuers are shutting down unused [more...]

Date: 2008-12-30 13:00:02

Fannie and Freddie to Announce Mass Loan Modification Program

re-default. This may also further erode investor confidence in residential mortgage backed securities, ... monies to put towards housing payments. Step 3) Start Improving Your Credit Rating This can take a long ... you pay your bills on time, that you have good credit.  Paying your bills on time only accounts for 30 [more...]

Date: 2008-11-11 19:02:07

The Real Story of the Help for Homeowners-Part 1

This will be a series of posts- with the real life accounts of a friend of mine, who like many in this country is facing foreclosure, ... his mortgage, had no credit card debt and had money in the bank. As, in my opinion, the housing crisis ... of an insurmountable debt and all savings depleted. Bankruptcy the only option With all of his savings [more...]

Date: 2009-01-13 04:15:55

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

How close was the financial system to melting down?

I do not work for the Treasury, the Fed, or an investment house, so take this for what it's worth ... -term debt, which companies use to smooth out mismatches in their cash flows: Commercial paper: unsecured debt issued by corporations, with a duration of under 270 days, which avoids certain kinds [more...]

Date: 2008-09-22 20:19:24

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

Credit Score Checkup

Earlier this year I checked my credit report and score with one of the big three reporting bureaus. My score at the time was a 696 ... s one reason why I’m so motivated to bring my debt down. In 1 or 2 more years I want to refinance my 7/1 ARM ... faith phone call to collect the debt. I had no idea I was being billed and it’s not my fault [more...]

Date: 2008-12-11 15:48:31

It’s a Labor Day Carnival of Debt Reduction

Happy Labor Day everyone!  Labor Day originated in 1882 when the Central Labor Union of New York City sought a day off for those who work ... rid of credit card debt the smart way. Early Retirement Extreme tells how he would get rid of debt ... articles Think that using a debit card is a cure-all for debt problems?  Master Your Card warns [more...]

Date: 2008-09-01 05:00:37

Is Using Credit More Expensive? Not Always

One of the biggest things that anti-credit proponents like to hold up is that using credit is more expensive. But is it really? ... save you money - a lot of money. Using your good credit score to help you leverage your debt ... With A Cash Back Credit Card - My favorite method for this works especially well when you shop online [more...]

Date: 2009-01-05 13:14:47

Simple and Smart Ways to Consolidate Debt

Looking for an easier way to manage your finances? Or perhaps a faster way to eliminate debt? Debt consolidation has helped millions of people ... of dollars on a credit card, doubling your payments may not be enough. To knock down the debt, you’ll ... consolidation can help. Zero Interest Credit Card/Balance Transfer Some people use credit cards [more...]

Date: 2009-01-01 18:39:34

Buyer Beware: ‘Tis the Season

Boy, you’re going to think I’m the Scrooge…and this article may not apply to most of you…but I want to reach out to those of us who rely on our ... months and credit card companies including blank checks ... credit cards to help finance the holidays.  You see, years past it was not uncommon for home [more...]

Date: 2008-10-28 01:48:42

21 Ways To Save Some Cash By Letting Your Fingers Do The Walking

The twin mantras of a great personal finance strategy is to make extra money and spend less than you earn ... your credit card company. If you’re maintaining a balance (and hopefully working to become debt free), call your credit card company and ask for a lower interest rate. The national average is around [more...]

Date: 2009-01-07 06:01:46

A Long Way To Go In California

The Contra Costa Times reports from California. “A grass-roots effort aimed at curbing the massive home foreclosures in East County, as well as across the nation, spurred nearly 1,000 people to show up at a town-hall meeting at an Antioch church. ‘There are 10,000 homes in Contra Costa County that are owned by the banks [more...]

Date: 2008-10-30 17:31:39

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