How the Recession Affecting the Loans Market

If you are looking for a loan or line of credit be ready to be depressed. The fact is that even if you have a perfect credit history, you’re likely to be offered a smaller loan than you applied for at an interest rate far higher than you’d ever expected. And there are likely to be onerous conditions attached. Take homebuyers for example. Over the last 18 months, the number of mortgage packages on the market has fallen from 30,000 to just over 2,500. [more...]

Date: 2009-09-11 01:49:24

Blog posts (825) | Videos (792)
 

Debt Consolidation For You

Credit cards have become the talk of the town these days, especially with the credit crunch. The reason is that several people have found themselves deep in credit card debts and the thing to think... Writers Wanted: Join Our Blogging Community Today! [more...]

Date: 2009-09-28 21:18:35

What to do if you’ve been turned down for a loan

Turned Down For a Loan? Improve Your Loan-Ability! This article was written by Becky House, Education Manager for American Financial Solutions. For more information about credit scores, budgeting or managing your debt, visit MyFinancialGoals.org or contact Becky at 1.800.894.3946. Two years ago, someone with a 600 (poor) credit score could qualify for a mortgage or car loan. Now, reputable lenders will not even consider lending to someone with a score below 700. [more...]

Date: 2009-09-26 14:37:00

Customize Paypal Clone Script

Pm me before bidding ***Customize Paypal Clone Script*** We already own the Alstrasoft Epay Pro script.You can find out more about it here http://www.alstrasoft.com/epay.htm#1 What we want is the addition of this feature: -Buy now option where a customer does not require to signup to pay by credit card.He can direclty pay using credit card. Pls only serious bidders. People who have already done such project are welcome as we need it done very fast. [more...]

Date: 2009-09-28 10:35:02

Latest Tips For Using Loan Calculators To Save Money

September 28, 2009 | By John Boone In Finance | by Ann WhittakerImagine the next time you join a discussion about simple loan payment calculators. When you start sharing the fascinating loan calculator facts below, your friends will be absolutely amazed.Financing your dream car and keeping bad credit at bay is as simple as 1-2-3. Financial institutions are increasingly becoming flexible about bad credit personal loan applications. [more...]

Date: 2009-09-28 20:24:26

Latest Tips For Using Loan Calculators To Save Money

September 28, 2009 | By John Boone In Finance | by Ann WhittakerImagine the next time you join a discussion about simple loan payment calculators. When you start sharing the fascinating loan calculator facts below, your friends will be absolutely amazed.Financing your dream car and keeping bad credit at bay is as simple as 1-2-3. Financial institutions are increasingly becoming flexible about bad credit personal loan applications. [more...]

Date: 2009-09-28 20:24:26

Federal Reserve Proposes Rules to Implement Card Law

Sept. 29 (Bloomberg) -- The U.S. Federal Reserve proposedrules today that will end banks’ ability to apply credit-cardpayments to balances with the lowest interest rates first,implementing legislation Congress passed in May. The Fed also proposed that creditors obtain consumers’consent before charging fees for transactions that exceed creditlimits. Restrictions on lending to people under the age of 21and subprime credit-card fees were also included, the Fed saidin a statement. [more...]

Date: 2009-09-29 17:59:56

Green Credits

Governments everywhere face the challenge of how to engage their citizens in a program of carbon emissions reductions. There have been two main approaches so far – carbon taxes and personal carbon quotas. We propose Green Credits, an alternative which is based on rewarding citizens after they have taken actions to reduce their emissions [more...]

Date: 2008-08-28 17:40:45

Credit Crisis Prompts Upheaval at Buyout Firms

P.A.I.’s management revolt over the summer shows how private-equity executives are feuding over power, money and strategy after the credit crisis shut off the debt financing used to make acquisitions, Bloomberg News reported. Dominique Megret’s exit from P.A.I. follows the departure this month of Jon Moulton from Alchemy Partners, the London-based firm he founded 12 years ago, after a dispute over investment strategy. [more...]

Date: 2009-09-29 08:53:46

Another Consumer Scammed By FreeCreditReport.com [Freecreditreport Com]

Freecreditreport.com is NOT actually free, nor is it related to Annualcreditreport.com, the free credit report that you are entitled to under federal law. So why are people still ... of my credit report. All of the major credit reporting agencies seem to strong arm you towards [more...]

Date: 2008-08-11 16:29:44

How Will Debt Consolidation Affect My Credit And My Overall Level Of Debt?

Amazon.de Widgets The use of debt consolidation is essential if you are wanting to avoid paying huge amounts of interest that will subsequently cause a great deal of anxiety when the day arrives that you are unable to make payments.Debt consolidation can be used as a solution to excessive credit card debt as well as other types of personal debt such as loans and offer relief to individuals. [more...]

Date: 2009-09-20 22:07:28

Why would anyone buy a home today?

From MarketWatch: Home buyers advised to look before they leap Fox-Pitt Kelton home-builder analyst Robert Stevenson said Wednesday he thinks this ... or no down payment and shaky credit scores are long gone. For buyers, the big fear is purchasing ... foreclosures, falling home prices, and a tightening credit market — millions more Americans are now [more...]

Date: 2009-01-07 18:21:09

“No One Saw It Coming” — REALLY?

One of the biggest outright lies of this housing, economic and financial collapse is that “No one saw it coming.” This is a patently absurd comment ... horribly skewed in the financial sector; Credit-default swaps generated big returns, but failed to consider the risk if defaults occurred; Banks were holding a portion of the credit securities [more...]

Date: 2009-01-02 12:48:58

The Best of Get Rich Slowly: September 2008

September was a sort of unofficial “credit card education month” around here. I tried to share information about how to use credit responsibly. (Now maybe it’s time to move on to debt reduction themes!) Most of all, there were some great ... ? (a fantastic discussion) Best of the Forums Though I didn’t have time to hang out there, the Get Rich [more...]

Date: 2008-09-30 20:00:17

Debt Consolidation Needs

When I was a branch sales manager before for a well-known direct selling company, I was privileged to avail four credit cards ... but now I am really having a hard time. How I wish I could avail of a debt consolidation! Anyway ... , I was able to find reliable information that can give me great tips on how to deal credit card debts [more...]

Date: 2008-07-23 04:02:17

A Look At 2009 From The Inside: Real Estate, Credit, and Debt

About two months ago I wrote a post that included information from a monthly magazine, (sic), I read religiously ... with more regulations. Consumer advocates will thrive and collection agencies will be riddled with compliance ... who is president and chief executive officer of debt broker National Loan Exchange, Inc. as [more...]

Date: 2009-01-02 15:47:36

Stores With Layaway Option Seeing Increased Interest

I know it is en vogue to bring back things from the past, but this is a trend I thought had gone forever:  layaway.  With tightening credit policies, and maxed out consumer debt, it seems layaway is making a comeback.  Personally, I am not a big fan of layaway, ranking it somewhere between using a credit card [more...]

Date: 2008-12-15 19:00:32

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

savings accounts in problem banks. Gen X Finance asks if you got suckered into a fake gas price hike from hurricane Ike ... 29. Rich Credit Debt Loan suggests ways to undo the results of financial trauma. Money Ning ... Posts:A Credit Card Survey, Passive Income, Car Payments @ The Carnival Money Articles To Make [more...]

Date: 2008-09-16 16:36:41

Will a short sale hurt my credit score?

When I meet with homeowners who are struggling with their mortgage are maybe behind on payments and have no equity in their home, ... or foreclosure on one’s credit report. I recently came across some great information provided by a mortgage ... my report and if it appears that their only option is to sell their house in a short sale, I always [more...]

Date: 2009-01-15 20:14:24

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

6 Steps to Doomsday: A Great Depression II Scenario

I have to get this out of my system. BP’s interview with historians Michael Allen and Larry Schweikart helped assuage my fears some ... , out of money, default on their mortgages, car loans, student loans, credit card loans, etc. Bond ... access to credit, you can’t get that loan to start up the new business you’ve been planning [more...]

Date: 2008-10-07 18:00:29

It's time to settle the bill for all that festive goodwill

Thousands of shoppers who over-flexed their plastic on Christmas presents will be dreading checking, let alone paying off, ... on to a 0% balance transfer credit card and pay off whatever you can within the interest- free period," says ... what is known as an "adverse order of payments". This means that when you pay off your credit card balance [more...]

Date: 2009-01-04 00:04:34

When Frugality Isn’t Enough

The following guest post is from Trent Hamm of The Simple Dollar. I’ve been a fan of Frugal Dad for quite a while ... high school (drug use, mostly) that left him with a poor local reputation, a poor credit history ... - the power company doesn’t tolerate him being late even a day on his bill because of his poor credit [more...]

Date: 2008-09-16 11:00:37

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

Carnival of the Green # 152

Copyright RealCentralVA.com, LLC. If you are not reading this at RealCentralVA.com the site you see is likely stealing content ... card companies who profess to Change the World With Credit. Is it possible? Doubtful. While there’ ... card is sketchy at best and can be dangerous to your wallet. Credit card companies [more...]

Date: 2008-11-03 12:01:27

Extreme Roof Riding

Link Scroll down for today's pictures & links. Extreme Roof Riding Those suffering from fear of heights look away now.. ... a steel sculpture of the composer's disembodied head. (image credit: Alisa) ------------ Mixed fresh ... ; each looks like a fortress, defending its contents. (images credit: Johnna Y. Klukas) Even [more...]

Date: 2009-01-08 02:24:25

Free Downloadable Suze Orman Book from Oprah

Here’s a quick reminder that Suze Orman will be on The Oprah Winfrey Show this afternoon to discuss jumpstarting your personal finances in 2009 ... within your means, rather than running up credit card and HELOC debt leaves you better able ... to topics like credit, retirement investing, spending, real estate, and “protecting yourself” [more...]

Date: 2009-01-08 17:53:44

Media Hops on 'Rate Cut' Wagon

A: Last post, I promise. Also, I will get back to posting on Manhattan real estate when I get back to work after my vacation; ... listings. So, don't worry to those who were disappointed with the main focus being on the credit crisis ... and the credit crisis. The main reason is that the biggest threat to our economy is deflation [more...]

Date: 2008-09-10 22:36:56

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

Mexico May Avoid Credit Rating Downgrade, JPMorgan Says

Mexico may stave off a credit- rating downgrade, JPMorgan Chase & Co. said. “From our conversations with the rating agencies, they appear to be giving Mexico the benefit of the doubt and will likely wait to see what components of the fiscal reform are approved by Congress,” JPMorgan analysts led by Joyce Chang wrote in a report to clients. [more...]

Date: 2009-09-29 16:44:07

Is Anyone Surprised at an Ugly Beige Book?

This morning, I gently mocked those economists who were (gasp!) surprised that Retail Sales in December stunk ... for consumer loans. Some districts noted an increase in refi activity. Boston reported that credit ... that lending activity continued to decline or remained weak, and many Districts reported that credit [more...]

Date: 2009-01-14 20:30:14

Random Snippets

by hilzoy Just a couple of things I had to highlight ... in recent years, credit card companies are realizing that some hard-pressed Americans will not be able to pay their bills as the economy deteriorates." Really? All those credit card offers to people [more...]

Date: 2009-01-05 07:20:09

1 Penny = 1 Billion Dollars

Taking a look at these humorous cartoons about how high gas prices were this summer, ... . We can use that extra money to either pay down our credit card debt, save more money or give our kids ... . Photo Credit: jackslife Advertisement: Real Estate Investing Forums Discuss real estate, network [more...]

Date: 2008-12-05 19:44:34

All the time, I get requests from readers asking me for recommendations of financial products ... account? What credit card should I get? Where should I get my insurance from? What kind of software ... in the world. I’ve never held a credit card with a lot of banks. I’ve only had accounts with a few [more...]

Date: 2008-09-09 20:00:17

Stages of the Slowdown & End Game?

A: I want to take another few steps back today (after last weeks Debt Deflation Theory discussion) ... markets yesterday. Nobody denies the credit monster anymore and most learned to respect this beast ... ) - Housing & Credit Deflation: first the national housing bubble popped, followed by the bust [more...]

Date: 2008-10-28 18:22:06

Say Goodbye To Plastic

Nouriel Roubini has been the most prominent Cassandra for the financial crisis, ... that I introduce her newest prediction: the severe curtailing of credit card lines. It would definitely make sense as banks haven’t been keeping credit card debt on their books, but instead turning them [more...]

Date: 2008-12-01 22:01:01

PEBO to Make Dire Forecast of World Without Stimulus; Also Will Push More Regulation

"I don’t believe it’s too late to change course, but it will be if we don’t take dramatic action as soon as possible," ... and leads to even less credit. "That is why we need to act boldly and act now to reverse these cycles ... in our future. That’s why we need to re-start the flow of credit and restore the rules of the road [more...]

Date: 2009-01-08 11:06:09

Credit Crisis Is Bad News for M.B.A. Students

Credit Crisis Is Bad News for M.B.A. Students By Catherine Rampell … and not just because they will have trouble finding jobs on Wall Street. Some have also just had their student loan options yanked. An e-mail message sent to students Monday at MIT Sloan School of Management: Dear Sloan M.B.A. student, As a result of the nationwide [more...]

Date: 2008-10-07 23:08:38

What to Expect From a Consumer Credit Counseling Service?

There are thousands of people in times of today who are stressing over the increasing pile of bills and debts stacked on their desk. To help aid your frustration and soothe your tension, get to know about consumer credit counseling service and what to expect once you’ve signed up for them to help you. [more...]

Date: 2009-09-25 06:01:43

Consumer Groups Blast Banks' Card 'Tricks'

If credit cardholders feel worse off since the passage of the law designed to protect them from banks, that's because they are. An avalanche of new fees, interest rate hikes and other costly changes since the law was signed in May suggest the Credit Card Accountability, Responsibility and Disclosure Act, or the CARD Act, has backfired. [more...]

Date: 2009-09-29 19:40:03

He Gets Credit For Candor

He Gets Credit For Candor Jennifer Rubin - 12.18.2008 - 2:56 PM Pro-business groups and conservatives aren’t the only ones, ... . McEntee, president of the American Federation of State, County and Municipal Employees, told editors ... when the FBI linked a competing union to Gov. Rod R. Blagojevich’s effort to sell Illinois’ U.S. Senate [more...]

Date: 2008-12-18 19:56:56

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

October Hysteria in Hindsight

October Hysteria in Hindsight By Casey B. Mulligan Casey B. Mulligan is an economist at the University of Chicago. After Lehman failed and “credit markets froze” in the second half of September 2008, many people ... . As a presidential candidate, Barack Obama said that “the credit market is seized up and businesses [more...]

Date: 2009-01-07 11:30:18

Twenty-First Century Trust-Busting

Halfway through Michael Lewis and David Einhorn’s NYTimes Op-Ed (btw, when did those two hook up?) ... businesses to the highest bidders — perhaps to some bank that was not swept up in the credit bubble ... that if you don’t prop up these banks you risk an enormous credit contraction — if they aren’t in business [more...]

Date: 2009-01-04 15:45:51

Top 3 Tips for Qualifying Your Renter / Tenant

What Make A Good Renter? Is a good renter someone with great credit, or large deposit or maybe  high income? ... really work and how much do they make. Debt to Income Ratio - While pulling credit can give ... a debt to income ratio .  This will illustrate whether they have sufficient income to cover their rent [more...]

Date: 2008-10-03 12:59:43

Dr. Doom #5

Many thanks to a comment from Pej. It turns out we have a fifth Dr. Doom. Peter Schiff. His extremely bearish views on the U.S ... would extend to the credit card lending industry. Thus Peter Schiff appears ... to have been de rigeur, in terms of a housing bust and excessive consumer credit. I feel a lot of people sort [more...]

Date: 2009-01-07 16:36:06

Ben's Printing Continues

A: In mid-late 2007, I decided to change the tune of this blog from daily discussions of Manhattan real estate, to the credit crisis. Now, its weeks before 2009, the credit crisis continues, the fed has taken unprecedented measures, and I will start to incorporate the effects of such policy into this site. Why? [more...]

Date: 2008-12-21 15:34:39

Mortgage Mania 26 - …And Henry Giveth Again

You would have to be living under a rock to have missed this today, so here is a newsflash for all you subterranian dwellers ... up mortgage assets, consumer credit card debt and car loans. In his article, “Fed bets $800 billion ... securities backed by auto loan and credit card debt. Hmmm, let me see if I get this straight [more...]

Date: 2008-11-26 04:30:52

Personal Bankruptcy Rising

Front page NYT article on the increasing number of personal bankruptcy filings: ... , legal scholars, retired bankruptcy judges — was passed after the credit card industry spent more than ... you that this bill was pushed by the credit card industry — mostly based on claims that were factually [more...]

Date: 2008-11-16 13:39:54

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