Pay Off Your Debts in 2009: 3 Strategies To Being Debt-Free

Today’s post is a guest post By Rachel Karl, a student of MakeMoneyFromWriting.com ... there! 3.    Now comes the third and final task: The debt snowball. Look over all of your credit card bills ... you have three credit cards: “A,” “B,” and “C.” “A” has a balance of $800 with a minimum payment [more...]

Date: 2009-01-09 12:20:36

Blog posts (133) | Videos (54)
 

Slumdog, a “Perfect Fairy Tale for Our Hard Times”

Click here to view the embedded video. Frank Rich, writing for the New York Times, ... in the toilet of globalization: one of those mammoth call centers Westerners reach when ringing an 800 number to, say, check on credit card debt. When he gets his unlikely crack at instant wealth, the whole [more...]

Date: 2008-12-22 16:26:33

No, Bums Are Not Richer Than You!

A couple days ago, my buddy Neil Patel made a post claiming that bums are on the street are actually richer than the average ... . I would never run a Credit Card balance. That’s bad debt. However, I would have no problems going heavily ... , his debt exceeded his assets by $800 million because of the NY real estate crash. One could say [more...]

Date: 2008-12-20 14:00:18

Quote of the Day - Frank Rich

Quote of the Day - Frank Rich 21 Dec, 2008 3 Comments Our feel-good movie of the year is “Slumdog Millionaire, ... in the toilet of globalization: one of those mammoth call centers Westerners reach when ringing an 800 number to, say, check on credit card debt. When he gets his unlikely crack at instant wealth [more...]

Date: 2008-12-22 04:37:25

Fed bets $800 billion on consumers

That $200 billion aimed at spurring consumer borrowing will come from the Federal Reserve Bank of New York, which will lend that money to holders of securities backed by consumer debt, such as credit card debt. ... He said the fact that the Fed and Treasury had to work together to get an additional $800 [more...]

Date: 2008-11-25 19:04:49

Dickens for today…’Slumdog’ meets the zeitgeist

... when ringing an 800 number to, say, check on credit card debt. When he gets his unlikely crack at instant [more...]

Date: 2008-12-22 16:55:17

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

Fed Announces $800 Billion in Homeowner, Consumer and Small Business Aid

The U.S. Federal Reserve and Treasury Department announced yesterday (Tuesday) ... often taken for students, car owners, credit card ... in direct debt issued by those firms. Beginning next week, the Fed’s primary lenders will auction [more...]

Date: 2008-11-26 15:26:47

We're Borrowing Like Mad. Can the U.S. Pay It Back?

By Greg Ip at the washingtonpost.comIn its battle against the financial crisis, the U.S ... the government credit card to work with a massive fiscal boost for the economy. Necessary as these steps ... $800 billion of stimulus spending, and U.S. debt soars to 60 percent of GDP by 2010 -- the highest [more...]

Date: 2009-01-12 11:13:00

Latest News in Debt Consolidation - Dec 18, 2008

Nortel’s shrinking playing field - Globe and Mail 18 Dec 2008 at 1: ... recently to upgrade its phone system, it considered an … Cut up the credit card - Politico.com ... 31, 2008 to be close to US$800 million, a like-to-like decrease of 14% versus the same period last … [more...]

Date: 2008-12-18 11:44:57

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

My Debt Story: An Introduction

This post is from April Dykman, a new GRS Staff Writer. April was a typical GRS reader who used the things we talk about to improve her financial situation. Now that she’ll be writing for the site, she wanted to start by sharing some background on her financial history. In April 2008, I got married. My in-laws graciously gifted my husband, Luis, and me with an adventurous honeymoon in Mexico, complete with scuba diving, climbing Mayan pyramids, and navigating local markets. [more...]

Date: 2009-09-04 12:00:39

5 Weeks On The Brink Reliving Meltdown Of 08

NEW YORK – The nation was focused on a tropical storm spinning off the Carolinas and a hurricane headed for Florida. People were gaming out how a political novice named Sarah Palin might upend the presidential campaign. The Dow Jones industrial average closed at 11,220 on Sept. 5, the Friday after Labor Day last year. There was an economic slowdown under way — no one doubted that. Whether it amounted to a bona fide recession was semantics, a question for economists. [more...]

Date: 2009-09-06 13:58:18

Economic Recovery? Think Again

Read More Articles Like this on My blog at http://dailycashsaver.blogspot.com/ So i have been watching the news lately and the same old Roderick is back. It was 1 year ago today that Lehman Brothers failed and caused one the biggest financial collapses ever. So your saying what has this have to do with anything. Well now all these “economic experts” are saying were find and the economy is booming and Obama stimulus worked. Well in this post i am going to tell you why this is wrong and what to do. [more...]

Date: 2009-09-16 09:25:25

Forgiven Debt Isn't Really Forgiven At All

By Kate Luther If you've been struggling with the rest of the economy, chances are you've been forced to rethink your financial priorities. And as a result, credit cards are often the first thing to go. The good news is that once you get behind, many credit card companies will offer to "settle" your account, some for as much as just 40% of your original balance. And if you're looking at a large chunk of credit card debt, making it go away for 40% of its value sounds like a pretty good deal. [more...]

Date: 2009-09-22 13:00:09

How To Prioritize Your Debt Repayment Plan

Everyone knows that healthy personal finances requires debt reduction. However, paying down debt can become discouraging when you have a great deal of it, from a variety of sources. Paying a little bit extra every month on each of your debts doesn’t seem to make a dent, thanks to high interest charges. Instead, you can make more effective use of your debt repayment funds if you concentrate on retiring one debt at a time. This can also simplify matters and help you focus your efforts. [more...]

Date: 2009-09-24 01:03:28

Bad Credit Repair Industry in the Recession

September 6, 2009 | By Shantel Buatone In Finance | by Ryan ParkerWe all know that the economy isn’t in good health now. Compared to just a few years ago, we are definitely in a rut. Latest figures from the department of statistics indicate that just over 2 million people have lost their jobs this year due to the economic slow down. Leading trend companies have suggested that another 4 million jobs will be lost before any meaningful improvement in the economy will show up. [more...]

Date: 2009-09-06 17:46:58

10 Life and Money Lessons Learned from Immigrant Parents

By Vincent Scordo My parents were both born in Southern Italy where unemployment is high and quality of life is superb. My mother, Annunziata, made it to the 7th grade and my father, Tommaso, has the equivalent of a technical high school diploma. Both of my parents immigrated to the US in 1975 and are currently debt free, own their own two-family home, and have plenty of cash in savings. They are, in many ways, leading the American dream – by not adopting the principles of American consumerism. [more...]

Date: 2009-09-21 14:00:04

Obama's Empty Promise, GOP Introduced 35 Different Health Care Proposals That POTUS Won't Discuss

According to the Democrats, the opposition Republican party only knows how to say no. In fact one of the President's constant refrains is "where is their plan?" He also promises to meet with anyone to listen anybody who has other legitimate ideas regarding fixing the US heath care system, but that is an empty promise.  Since January of this year, the Republicans have introduced 35 different health care proposals, sadly President Obama is not serious about wanting to listen to alternative proposals. [more...]

Date: 2009-09-11 14:21:00

Dollar to fall under scrutiny at G20 summit

Apparently the French Press is the only major media outlet that wants to address this issue. Under the pretext of correcting trade imbalances and aiding developing nations, The UNCTAD and Chinese proposals, below, would have the effect of getting SDR bonds into circulation by monetizing international debts, purchasing investments in local currencies, and so creating an international currency based on a floating basket of investments. [more...]

Date: 2009-09-24 21:18:13

Add Your Comment:

« PreviousAll unemployed people are equal, but some are more equal than others Next »New column: Bond bust ahead Misunderstanding the FDIC Posted by Justin FoxThursday, September 24, 2009 at 5:04 pm 11 Comments • Trackback (0) • Related Topics:bailouts, banks, regulation, FDIC Bloomberg's Jonathan Weil has an uncharacteristically boneheaded column about the FDIC's money troubles. He begins:The FDIC's insurance fund is going broke, and Sheila Bair is wondering aloud about how to replenish it. [more...]

Date: 2009-09-24 21:04:40

How To Raise Your Credit Score

A credit score, together with credit history, determines whether you are eligible for a loan or not. If you successfully maintain a high credit score, you’ll be allowed to have the best credit cards, the lowest interest rates, and you won’t face any difficulty while finding financing for large purchases such as auto loans or home mortgages. Most of the people are always worried about their credit score, and are constantly looking for ways to increase their score. [more...]

Date: 2009-09-06 06:10:00

Learning About CESI And Being Debt Free

September 24, 2009 | By Imus Jackson In Finance | by Imus JacksonWith the economy in the state that it is in these days, more people than ever are deep in debt and cannot find the resources to get out on their own, or they have no idea how to start or where to start. There are many options open for people in these circumstances, and one of the most comprehensive groups out there with many offerings of help is CESI for getting debt free.CESI, which stands for Consumer Education Services, [more...]

Date: 2009-09-24 10:42:59

uh, From Smiling Coffee Vendor to Terror…

uh, From Smiling Coffee Vendor to Terror Suspect , the most bizarre part: In April 2008, according to bankruptcy records, he began using a Discover card. May 2008: a Shell card. June 2008: five new credit cards. July 2008: three more, including ones from Sony and Radio Shack. August 2008: two more. He would later report that his monthly expenses were $1,108, including $450 in rent and $390 for food. His stated income was only $800. … In March, Mr. Zazi filed for bankruptcy. [more...]

Date: 2009-09-26 08:47:03

Where has the Bailout Money Gone? Good Billions After Bad

Where has the Bailout Money Gone? Good Billions After Bad Vanity Fair by Donald L. Barlett and James B. Steele As the Bush administration waned, the Treasury shoveled more than a quarter of a trillion dollars in tarp funds into the financial system—without restrictions, accountability, or even common sense. The authors reveal how much of it ended up in the wrong hands, doing the opposite of what was needed. Just inside the entrance to the U.S. [more...]

Date: 2009-09-28 06:17:36

Bad Credit Repair Industry in the Recession

We all know that the economy isn’t in good health now. Compared to just a few years ago, we are definitely in a rut. Latest figures from the department of statistics indicate that just over 2 million people have lost their jobs this year due to the economic slow down. Leading trend companies have suggested that another 4 million jobs will be lost before any meaningful improvement in the economy will show up. This could be anywhere from 5-10 years. [more...]

Date: 2009-08-31 07:30:57

What Is The True Cost of Only Paying The Minimum Payments On Your Credit Cards?

AOL’s Finance blog, WalletPop , recently ran an interesting article about how overdraft charges on your bank account can make a cup of coffee cost $38.  Don’t believe me?  Check out this math!  The average cup of fancy coffee with crazy steamed cream or froth at your exquisite coffee shop around the corner costs about $4.  But, what if you use your debit card to make the purchase?  And, what if it was the close to the end of the month and your checking account was accidentally overdrawn for [more...]

Date: 2009-09-14 12:00:09

12 Most Outrageous Examples of Government Waste

Most have heard the saying that no one takes care of a rental car like they take care of their own. Why not floor the gas pedal or track sand into the car - the reasoning goes - if you’ll never see it again after this week? In many ways, this is a perfect analogy to government waste. No matter which party is in power, spending other people’s money rarely compels one to be as prudent as if they were spending their own. [more...]

Date: 2009-09-24 20:03:11

Collection Agency calling from 571-431-1958 (Washington, VA)

Steve reported a Collection Agency (5714311958 from Washington area, VA) . The following comments were posted: AACC AACC AACC 5127689800 AACC 804-234-9056 assetacceptance.com Asset Acceptance is a leading purchaser and collector of charged-off consumer debt. Since 1962, we have provided credit originators such as credit card issuers, consumer finance companies, retail merchants, utilities and others an efficient alternative in recovering defaulted consumer debt. [more...]

Date: 2009-09-25 19:53:49

Nina Ginsberg Useful Idiot To Terrorists Exposing Names Of CIA Agents Prisoners at GITMO

"John Adams Project" Lawyer Confronted by "The O'Reilly Factor" Producer Factor Producer Dan Bank confronting "John Adams Project" lawyer Nina Ginsberg . O'Reilly explains "the John Adams Project is secretly photographing CIA agents and showing the pictures to terror suspects at Guantanamo Bay." Ginsberg said "CIA agents put a lot of people in danger, they put this country in danger, they put American Soldiers in danger." After trying to grab the microphone away from Bank's [more...]

Date: 2009-09-14 09:11:08

What part of 'do not call' don't you understand?

#contentArea .entryDetail img { border-style: none; margin-right: 10px; margin-left: 10px; border: 0px; } Besides the large amount of groupies calling me on a daily basis, my cell phone remains silent. But the past month, I kept receiving calls from an 800 number. The caller never left a message, and I couldn't call the number back. So I investigated, and credit cards were involved. The number is (866) 801-1163. [more...]

Date: 2009-09-02 21:33:53

Republicans offer alternative health care reform solutions

State Rep. Mike Ritze, D.O, has countered ideas on socialized medicine with conservative, state-level alternatives to health care reform. “I believe that the liberally-dominated Congress and President Obama are taking the wrong approach to our health care crisis,” Ritze, R-Broken Arrow, said. “Their plan will take $500 billion out of Medicare and raise taxes by $800 billion for a total of $1.3 trillion. [more...]

Date: 2009-09-03 18:43:31

Reinventing America

America faces serious challenges to maintain its storied status quo. Hurdles include a sinking economy, wars in Iraq and Afghanistan, the rising cost of education, global warming, a crumbling infrastructure and American workers with uncertain futures. Trendwatchers are more acutely aware of these issues than most, but they’re also more hopeful [more...]

Date: 2009-01-13 09:40:59

Hello PF! What’s up? Long time no see.

I met a theory in a class my senior year of college that I wish I had known before I got out of high school ... no sometimes”, and “Put the credit card down sir. Nice and slow”. This class taught me so many useful ... %                                                                $280.00 Debt   10 [more...]

Date: 2009-01-08 23:53:26

Bad Credit Repair Industry in the Recession

It isn’t hard to see that the state of the economy is a bit worst for ware than it was just a few years ago. The number of people retrenched increased by 2 million just this year. Estimates have it that another 4 million people will lose their jobs before the economy takes a meaningful turn upwards. When this actual turn is to happen could be anywhere from now to somewhere 5-10 years in the future. [more...]

Date: 2009-08-31 07:33:36

London Banker: “The market has failed, and officialdom is perpetuating that failure.”

Ever since the two Bear Stearns hedge funds defaulted 17 months ago triggering a global financial crisis, ... to fight credit contraction is by flooding the financial system with liquidity (”quantitative easing” ... one’s way out of a debt bust.” Bernanke’s strategy may provide some temporary relief, but it won’ [more...]

Date: 2008-12-18 12:43:51

Spending Down by Thomas D. Begley, Jr., Esquire

  The client who engages in Medicaid planning is usually a person of modest means who has been diagnosed with an illness and therefore the option ... his assets.   Pay Off Debts   Repayment of a debt is not considered a transfer, because ... actually be written and delivered. An outstanding debt is simply a liability that does not reduce [more...]

Date: 2009-01-12 14:51:31

Restore Your Fico Score – Part One

While obsessing over a FICO score is not a good idea, this is a number that will have a lot of bearing in your life. This number determines whether or not you will be able to get a house, a new credit card, or in many cases, whether or not you will be able to rent an apartment. Lenders and businesses are relying on FICO scores more than ever, and it is have never been more important to make sure that your score is where it should be. [more...]

Date: 2009-09-23 22:27:24

Impressive Credit Card Debt Facts That People Should Know

When it comes to credit cards there is a lot of information that we can find out about them. Credit card debt facts are something that is quite often overlooked by the people that use them. Some of the things that we can learn are astonishing. Let’s look at some of the facts that we have uncovered surrounding credit cards debts. One of the most shocking credit card debt facts is that more than 5 billion mail pieces are sent out to people nationwide in an attempt of having them apply for a credit card. [more...]

Date: 2009-09-18 03:13:37

Gary Shilling: "Collapse on Schedule (with video)

Um.......Sadly, I think he may be right. It does bode well for large caps though. A sluggish economy will crush the smaller firms and startups as credit tightens ans results are muted. I think the play here is buying the monsters in sectors.. Here is a great interview with Henry Blodget and Aaron Task from today: Now, here is Schilling report: [more...]

Date: 2008-12-20 10:21:00

“I did see that Tina Fey was named entertainer of the year and Katie Couric’s ratings have risen. And I know that a lot of people are capitalizing on, oh I don’t know, perhaps some exploiting that was done via me, my family, my administration. That’s a little bit perplexing, but it also says a great deal about our society [more...]

Date: 2009-01-13 12:37:59

Most Young Adults Not Financially Literate

A recent poll by YoungMoney.com found that only 24 percent of people felt they have a decent knowledge of personal finances. This correlates with the 2008 Jump$tart Coalition’s Personal Financial Literacy Exam, which found that the financial literacy of high school students is at the lowest since Jump$tart has been administering this exam. In the eleven years that the Jump$tart financial literacy exam has been given, 2008 had the worst score. [more...]

Date: 2009-09-02 05:00:46

Can Congress Bail Out of the Bailout? by Michael Hudson

Dandelion Salad by Michael Hudson Global Research, October 13, 2008 And what about the Fed’s Even Larger Giveaway? ... oligarchic elite, or in a debt cancellation, a Jubilee Year to rescue society. But when the government ... in a zero-sum game. A debt overhang always ends either in foreclosure of the debtor’s property [more...]

Date: 2008-10-14 00:46:15

The Poverty Business

Sorry if this appears to be an older article, and not latest headlines, just thought it was interesting - loki The Poverty Business Inside U.S ... into Byrider, Tsosie drove off, jubilant, in a 1999 Saturn subcompact she bought entirely on credit ... access to credit has put cars, computers, credit cards, and even homes within reach for many [more...]

Date: 2009-01-15 00:45:24

Big Four Australian Banks Continue To Be Highly Profitable Despite Financial Crisis

Australian banks continue to be some of the most highly profitable financial institutions globally, ending the year relative to their peers on a high note, with three of the Big Four generating cash profits of $11 billion between them. Westpac , NAB and ANZ are expected to deliver more than $15.8 billion between them in 2009, with CBA being the first to report full year profits, which came in at $4.3 billion for the year ending June 30th. [more...]

Date: 2009-09-28 06:34:10

Introducing eBillMe Walk-In

Rye Brook, N.Y., Sept. 3, 2009 -- There are 28 million Americans without a bank account and another 44 million Americans considered ‘underbanked” according to the FDIC. Today eBillme™, the online payment option that already enables consumers and small businesses to use online banking to pay securely with cash, has introduced eBillme Walk-In, a new way for consumers to shop online and pay with cash, without having a credit card or even a bank account. [more...]

Date: 2009-09-03 21:44:00

Book Review: Killing Sacred Cows

Carnival of Twenty-Something Finances.  Be sure to check it out.  Next week I’ll be hosting the Carnival of Personal Finance ... One Family’s Debt Roundup Posts I found interesting this week. Wenchypoo’s “why we skip ... his ownership of CNN does influence what we perceive as the “economy”. NCN gives us the lowdown on “debt [more...]

Date: 2008-11-21 03:30:56

How To Pay Off $14,330 In 20 Months

Written by Ben Popken Stuck in a $14,300 debt hole, reader Trixare4kids was able to dig herself out using tips she learned about on Consumerist.com ... it all in 20 months. She writes: “This morning I made my very last payment on $14,300 in credit card debt ... credit card company and tried to negotiate for a lower rate. I was successful with a lot of [more...]

Date: 2008-10-07 18:29:39

Horse-race-loving former police chief winds up behind bars

Frank Kessler, former Garden Grove police chief, councilman and mayor, and his wife were arrested Wednesday on suspicion of financial misdeeds, ... and personal loans with a city-issued credit card. They were named in a 21-count district attorney ... card, then charged an additional$2,000 to the card to pay a debt collection agency. The PE reports [more...]

Date: 2008-12-18 19:55:29

Munger on Middlemen

Mike Munger of Duke University talks with EconTalk host Russ Roberts about the often-vilified middleman--someone who buys cheap, sells dear and does nothing to improve the product. Munger explains the economic function of arbitrage using a classic article about how prices emerged in a POW camp during World War II [more...]

Date: 2008-10-27 12:39:55

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