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

Blog posts (140) | Videos (105)
 

The fates intervened.. & randomness

I had planned to spend the evening catching up on my day job, but after spending 2 hours this afternoon, and then breaking for supper, ... of it. Secondly:  I’m within spitting distance of being credit debt free. I paid off the biggies today ... at the one teeny weeny little card that I have left.  The credit cards, except for my debit card [more...]

Date: 2009-01-12 02:40:20

DrumBeat: December 28, 2008

With gas falling, trucks come back NEW YORK (CNNMoney.com) -- After nearly a year of flagging sales, low gas prices and fat incentives are reigniting America's taste for big vehicles. Trucks and SUVs will outsell cars in December, according to researchers at the automotive Website Edmunds.com, something that hasn't happened since February [more...]

Date: 2008-12-28 14:31:34

Merry Christmas

by Bill Levinson (originally posted in 2007) Recent efforts to downplay Christmas range from retail stores that forbid their employees to mention the holiday to legal efforts to remove creches and other Christmas symbols from public places. While we understand the desire to avoid offending non-Christians with these displays, [more...]

Date: 2008-12-25 20:06:53

Investors May Be Too Optimistic About Consumer Recovery

The most accurate banking analyst, Meredith Whitney, has warned that banks are likely to continue to restrict consumer credit, ... , are implemented. Credit card issuers shifted their model away from one where they earned ... , the somewhat in debt and the chronically indebted. Indeed, in the stone ages of the 1980s, banks were really [more...]

Date: 2008-12-14 06:10:36

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

The Coming Great Depression

Martin Armstrong: The Coming Great Depression It is frustrating to read so many comparisons of our current situation with 1929 while watching ... may signal a recession, but the collapse in debt signals a Depression. This Depression was set ... and shifted spending that created jobs into the banks as interest on things like credit cards [more...]

Date: 2009-01-08 03:55:35

DrumBeat: October 22, 2008

Organic farming 'could feed Africa' Organic farming offers Africa the best chance of breaking the cycle of poverty and malnutrition it has been locked in for decades, according to a major study from the United Nations to be presented today. New evidence suggests that organic practices – derided by some as a Western lifestyle fad – are [more...]

Date: 2008-10-22 13:49:58

New York Times starts catching up to iSteve

From the Sunday, 12/21/08 New York Times:White House Philosophy Stoked Mortgage Bonfire By JO BECKER, SHERYL GAY STOLBERG and STEPHEN LABATON “We can put light where there’s darkness, and hope where there’s despondency in this country. And part of it is working together as a nation to encourage folks to own their own home.” — President Bush, Oct [more...]

Date: 2008-12-21 04:53:00

Gates of Vienna News Feed 1/8/2009

The latest word is that an agreement with Russia has been reached, and the flow through the gas pipeline will resume.Also, look for the storming of the Israeli consulate in Montreal, as well as other Gaza-inspired violence around the world.Thanks to AA, Abu Elvis, Insubria, JD, Tuan Jim, Vlad Tepes, and all the other tipsters who sent these in [more...]

Date: 2009-01-09 04:49:00

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

Gates of Vienna News Feed 11/16/2008

Don’t miss “Letter From Iceland” under the “General” heading. The most concentrated essence of the financial crisis can be found in Iceland, and the account of recent events there is fascinating — and sobering.Thanks to C. Cantoni, Conservative Swede, Diana West, Insubria, JD, no2liberals, RRW, TB, and all the other tipsters who sent these in [more...]

Date: 2008-11-17 04:57:00

Key Bank's "One-Two Punch"

Last week, we described how Key Bank has partnered with dozens of unlicensed and unaccredited trade schools to help thousands of students take on ... . Key Bank has apparently been able to avoid forgiving borrower debt at these defunct schools ... discharging borrowers' debt has been to intentionally disregard the U.S. Federal Trade Commission's [more...]

Date: 2008-12-17 20:20:04

Survival Basics From Depression-Era Kids

By Julie Rains My parents and my husband’s parents were children during the Great Depression. Mine lived in large cities; my in-laws, small towns. Their families started this era from neither a position of wealth nor desperation; just to add perspective, though, [more...]

Date: 2008-10-31 17:08:14

Battle of the Titans

For those of you that prepare yourselves, the OPPORTUNITIES will be abundant and limitless; for those that don't it could be a very difficult period ... as they BELIEVE they have the ability to print money and create credit out of thin air endlessly. In reality ... to print wealth through monetary and asset inflation for decades. The first law the G7 is [more...]

Date: 2009-01-15 00:00:37

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

Money Owes No Allegiance

By David Glenn Cox http://theservantsofpilate.com Jan. 5 (Bloomberg) ... at total US debt, like investors in GM stock, and ask, "Is this a viable entity?" The Fed lends to banks ... sign for a new car with nothing down, or they can buy $10,000 worth of Snickers bars on their credit [more...]

Date: 2009-01-07 18:28:58

Recognizing Credit Counseling Company Scams

People across the country are finding that they have used their credit unwisely and owe creditors a great amount of money that is increasing every ... of the credit account illegal for collection.  In nearly all of these cases, the information that the company ... and alerting them that the debt is uncollectible.  After some time has gone by, the company [more...]

Date: 2009-01-10 05:23:38

Transcript: DICK Cheney on Fox News Sunday | The Exit Interview | December 21, 2008

(Source: CQ Transcriptswire) Editor’s Note: This portion of the show transcript contains only the Cheney interview. Mr. Chris WALLACE: Mr ... s package basically extends a line of credit to the companies for a specified period of time and also ... that’s a target. That’s not a restriction. The bond holders taking equity instead of debt — that’ [more...]

Date: 2008-12-21 20:13:21

Why Are My Credit Cards Being Canceled?

In today’s economy, credit card companies are changing interest rates at whim (at least until the new credit card laws go into effect…in July 2010 ... . And this could ding your credit score a little bit, which is not something you really want to happen ... by following this simple tip - it helps your credit score and it lets you keep all your available cr [more...]

Date: 2009-01-07 16:59:00

Better Personal Finance Tips

Have you ever wondered why some people seem so financially sound? You might be surprised at the simple things you can do to be just like them ... to personal finance. Personal finance includes focuses like budgeting, retirement, savings and debt management ... people fail to budget and therefore they end up in debt and in financial trouble. People often [more...]

Date: 2009-01-15 10:00:30

DrumBeat: November 26, 2008

Russia’s Comeuppance Any international economic crisis afflicts different countries in different ways, but an unfortunate few experience every painful dimension of it. In the current crisis, Russia is confronting virtually all the negatives at once--sharply declining export earnings from energy and metals, [more...]

Date: 2008-11-26 13:53:17

Credit Repair For A Better Life

by Mike Carbeck Repairing your credit is never an easy thing. But, there are several things you can do to get yourself out of debt ... . If you find yourself in need of help, there are ways to pay your bills and get out of debt. The ever ... agency will be forced to remove it from your record. If you notice any errors or inconsistencies [more...]

Date: 2009-01-06 09:37:28

The Fed Should Buy Down Consumer Credit Card Rates - Fast

Lets say I owe the bank behind my credit card  1k dollars and Im paying  10pct interest because the best I can do is a little bit more than the ... that I have my credit card  with and charge it 5pct plus some warrants to in turn loan that money back ... with to help save people’s homes, are many of the same banks that are pounding credit card holders [more...]

Date: 2008-10-24 23:38:36

Philippine Fair Debt Collection Practices Act

Learning about the U.S. Fair Debt Collection Practices Act from playing the Bad Credit Hotel online game made me wonder if such laws also exist in ... Santiago introduced Senate Bill Number 1277 entitled “An Act Providing For Fair Debt Collection Practices ... : There is abundant evidence of the widespread use of abusinve, deceptive, and unfair debt colle [more...]

Date: 2008-11-26 22:43:50

The Man Who Blew The Whistle on Illegal Wiretapping

Jump to CommentsMichael IsikoffNEWSWEEK MAGAZINE Issue dated Dec 22, 2008 Thomas M. Tamm was entrusted with some of the government’s most important secrets. He had a Sensitive Compartmented Information security clearance, a level above Top Secret. Government agents had probed Tamm’s background, his friends and associates, [more...]

Date: 2009-01-12 00:51:31

All Is Well In Stepfordville: More On The Pre-Election Chicanery of The Plunge Protection Team

Posted by dandelionsalad on November 3, 2008 by Dr. Ellen Hodgson Brown featured writerDandelion SaladEllen’s post Nov 3, 2008webofdebt.com “The Dow is a dead banana republic dictator in full military uniform propped up in the castle window with a mechanical lever moving the cadaver’s arm, waving to the Wall Street crowd [more...]

Date: 2008-11-04 01:37:01

How To Shop For A Legitimate Non-Profit Credit Counseling Service

How To Shop For A Legitimate Non-Profit Credit Counseling Service Posted in January 12th, 2009 by Mara Reid Rogers in Saving Money ... if they have an in-house program to help you put into place a debt-reduction program with more affordable ... know the subject of this article is not for-profit debt elimination, debt-management or [more...]

Date: 2009-01-12 20:29:53

Obama Wants Americans Out of Credit Card Debt This Month – Legally Erase 50% of Your CC Debt!

You can now legally eliminate credit card debt. Can you imagine what it would feel like to have your credit-card debt erased? Believe it or not, there are some obscure but effective and legal means and even laws that have assisted many Americans to reduce or eliminate past due balances without receiving another demand letter from creditors. [more...]

Date: 2009-09-25 06:01:42

Mortgage bankruptcy reform may speed losses

A change in bankruptcy laws to allow judges to reduce the mortgages of consumers would probably boost filings, accelerating lenders’ losses on home-equity, automobile and credit-card loans, according to Keefe ... harmed may benefit in some ways, the Keefe, Bruyette analysts wrote. Credit-card companies [more...]

Date: 2009-01-13 08:30:01

Better Personal Finance

Do you know the best way to financial freedom and wealth? You might be surprised at the simple things you can do to be just like them. The key to stability with your personal finances is successful management of your personal finance. Getting your personal finances in order will allow you to understand how to use your money better and how to keep [more...]

Date: 2009-01-15 15:52:33

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

Bankruptcy Is Not The End

During economic downturns such as the one we are experiencing, ... of bankruptcy, companies as well have to worry about whether they can keep paying the bills ... having to resort to filing for protection. These companies may also allow you to settle out of court [more...]

Date: 2009-01-15 03:32:03

A Guide to Repairing Your Credit Score

by Mary Bush In the United States, as well as many other countries, ... for skipping a payment, it may come back to haunt you later. Keep your credit card payments at a level ... . Debt consolidation may be a good idea. If you are paying on many debts, the varying interest rates [more...]

Date: 2009-01-10 08:35:57

Personal Finance Money Tips Q&A #1

This is the first post of the regular questions and answers series. If you have any question, please try our forum. If you are concern about private information, you can contact me using the contact form. Please note that you agree that our email may be published here (without disclosing identity) [more...]

Date: 2009-01-08 23:00:50

What Bush taught me about conservative Christian leadership

Indigo Incarnates Well, in just eight days it will be the End of an Error ... about what it means to be a "Compassionate Conservative Christian". Here's what I learned from Bush's ... up to 38% interest. -- When it comes to hurricane relief, it's important that millionaires [more...]

Date: 2009-01-12 23:46:00

Obama Inauguration Speech Leaked

Obama Inauguration Speech Leaked FamousDC has uncovered President-Elect Obama’s “Inauguration Speech” and we wanted to bring it to you first: Mr. President, Vice President Cheney, Vice President Biden, Senator Reid, Speaker Pelosi, Oprah, my fellow citizens. … I must first thank President Bush for his service to his cronies [more...]

Date: 2009-01-05 18:55:33

Bachelorettes in Debt -- The New Reverse Dowry System

My wife raises an interesting point that I've never heard anyone discuss ... . Right. Thus, an awful lot of them have a lot of debt, especially credit card debt, which they keep ... card debt, which she's paying $5500 per year of interest on, does the idea of a joint checking account [more...]

Date: 2008-11-07 22:28:55

Parsing Mr. Paulson’s Bailout Speech: The Unprecedented Giveaway of Financial Wealth by Michael Hudson

Dandelion Salad by Michael Hudson Global Research, October 18, 2008 Mr ... of Wall Street (but not the rest of the economy!) sustain a debt overhead that is growing exponentially? Is there any limit to the amount of U.S. Treasury debt that the government can create and turn [more...]

Date: 2008-10-19 12:58:26

Student credit card:Is it a need?

Credit card is really a necessity in modern world. Without carrying so much cash, you can just buy using the credit card ... card can be used the same way as a traditional credit card, although they do come with certain ... and credit cards issuer require co-signer for student credit card application to avoid the risk [more...]

Date: 2009-01-12 00:47:16

More Info On Good Credit Report Score

Bankruptcy is an option but the laws have changed and it is not always the best way ahead ... of overspending and poor financial planning, but whatever the grounds for being in debt there are some ways of credit card debt relief. There are no instantaneous solutions and your credit card debt relief [more...]

Date: 2009-01-07 23:33:05

Fiscal Therapy

Getting the economy back on its feet, giving taxpayers a break, saving your retirement fund and your kid's college tuition? Done ... . Today, more and more of us do not have enough money to live on without going into debt. For each dollar [more...]

Date: 2009-01-12 09:26:00

Fed Predicts Economic Decline in 2009 Despite Obama

Minutes from the December 16th Federal Reserve meeting have been released and 2009 is not going to be a good year for you. The Federal Reserve, always taking care in how they address economic conditions, predicted rising unemployment continuing as companies make cut backs [more...]

Date: 2009-01-08 18:59:25

Credit Cardholders’ Bill of Rights Reintroduced

The Credit Cardholders’ Bill of Rights was reintroduced into Congress today ... is the issue of rising credit card defaults and debt forgiveness.  The earnings reports of J.P. Morgan ... debt will hit 8 percent in the near future.  Congress should find a way to step in now to protect [more...]

Date: 2009-01-16 02:42:23

Government To Commit Another $600 Billion On Mortgages, Another $200 Billion on TALF

Not content with previous Bailout Pledges of $7.7 Trillion the Fed Commits $800 Billion More to Unfreeze Lending ... businesses, committing up to $800 billion.The central bank will purchase as much as $600 billion in debt ... are beginning to take a large amount of credit risk.”The Fed will purchase up to $100 billion in direct debt [more...]

Date: 2008-11-25 16:55:00

Another Economic Stimulus Package, Tip’d, and More!

Another Economic Stimulus Package? The financial world continues to change on a daily basis ... . $50 from Chase Freedom Credit Card Tomorrow is your last chance to get a $50 bonus rebate after your first purchase. Friday, the Chase Freedom card will be removed. PineCone Research Sign [more...]

Date: 2008-10-22 13:29:55

An Agenda of Equal Opportunity: The New Contract with America?

Today's style section in the Washington Post features newly minted House Minority Whip, Congressman Eric Cantor ... : McCain Health Tax Credit = Good Idea; McCain's Explanation of His Plan = Terrible. Like Newt Gingrich's [more...]

Date: 2008-12-11 21:29:30

180th Carnival of Personal Finance

Hi and welcome to the 180th Carnival of Personal Finance.  This is my first time hosting the Carnival of Personal Finance and I’m excited to do so!    If you are interested in hosting or submitting to the Carnival please check out the website. My name is LAL and I’m a twenty-something DINK writing about my journey to one day live large [more...]

Date: 2008-11-24 14:05:11

Will the Federal Government Provide Bankruptcy Financing?

One topic we've mentioned from time to time is the near disappearance of the debtor in possession financing market and why that is a more serious ... to other debt, to pay all those bills during the Chapter 11 process. No DIP, no Chapter 11 for a lot [more...]

Date: 2008-11-25 06:35:10

Pertinent Obituary, Dimon Says Worst Not Over, Oil Producers Struggle, The Next Bubble and More!

One company to summarize all of the last 10 years… now on its deathbed Credit crisis survivor predicts “worst… not yet behind us” Oil ... more in the fourth, had a $100 million interest payment due this morning and $4.5 billion in looming debt [more...]

Date: 2009-01-15 19:40:53

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