Wise Use of Paid off Credit Cards? You Decide.

Like this article?  Here are 3 free ways to join the community and follow the progress – Sign up for email updates , Subscribe to my RSS feed , And/or follow me on Twitter . Paid off credit cards – shred ‘em, close ‘em, and forget ‘em – OR – shred ‘em but leave open and risk fees in hope of increased FICO score – OR – risk fees, leverage rewards, and laugh all the way to the bank! [more...]

Date: 2009-09-25 10:00:57

Blog posts (131) | Videos (30)
 

New Survey by U.S. : Debt Consolidation Loans – Federal Student Loan Consolidation

The possibility of federal loan consolidation can bring needed relief to graduates who are dealing with staggering educational debt. Thanks to the Higher Education Act government loans are eligible for free online debt consolidation . Funding that was made available for educational purposes through government programs such as the Federal Family Education Loan program, or FFEL, and the Direct Loan program can be consolidated. [more...]

Date: 2009-09-23 09:25:33

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

Don’t borrow and forget

We have seen it before, and perhaps too often for comfort. I’m talking about temporary amnesia after borrowing from a friend or family member. Once or twice I have been an offender (eating out with friends and the scramble for change leaves you in, say, P250 debt you plan to pay once you get to an ATM, that sort of thing), and several [more...]

Date: 2009-01-05 04:04:01

As The Politicians Battle It Out Ukraine's Economy Tunnels South In Search Of Australia

“In Ukraine, the evidence is still that policymakers do not quite understand the seriousness of the challenges they face,”. Timothy Ash, analyst at the Royal Bank of Scotland. “There is a burgeoning economic crisis in the European periphery,” Krugman said on the ABC network Dec. 14. “The money has dried up [more...]

Date: 2008-12-25 16:01:00

As The Politicians Battle It Out Ukraine's Economy Tunnels South In Search Of Australia

“In Ukraine, the evidence is still that policymakers do not quite understand the seriousness of the challenges they face,”. Timothy Ash, analyst at the Royal Bank of Scotland. “There is a burgeoning economic crisis in the European periphery,” Krugman said on the ABC network Dec. 14. “The money has dried up [more...]

Date: 2008-12-25 16:00:00

As City Budget Falters, Many Look To TIF

Open government advocates have long squawked about Mayor Daley's unchecked authority to keep billions worth of property tax revenue off the books and under his control through Tax Increment Financing (TIF). For years, they've have called on aldermen not to sign off on new TIF districts, [more...]

Date: 2008-10-30 16:48:35

Girl Turns to Prostitution to Pay Off Student Loan Debt

lasvegas09152008.jpg Photo courtesy of .craig We have all read stories of shocking things people have done to get out of debt ... for repayment of her student loan debt.  Some Nevada house of ill-repute has agreed to host the “event ... loan debt.  There are certainly many other reputable alternatives to debt repayment. Charity for Debt [more...]

Date: 2008-09-15 11:00:10

What Are the Services Provided by Debt Settlement Companies

Debt settlement companies are dealing with debt reduction and debt negotiation. They operate with a simple principle. They assist their clients to negotiate settlement with the creditors on behalf of the clients but in return, their clients have to pay back part of the benefits to the companies. A good service provider is able to use professional tactics to reduce their clients’ debts with lower interest rates. [more...]

Date: 2009-09-25 07:16:38

FTC Helps With Your New Years Resolution to Manage Debt

Information from the Federal Trade Commission to Help You Manage Debt: Knee Deep in Debt Having trouble paying your bills? ... , consider these options: realistic budgeting, credit counseling from a reputable organization, debt consolidation, or bankruptcy. Debt negotiation is yet another option. How do you know which [more...]

Date: 2008-12-30 17:45:34

Government Bail out fails - That’s a good thing

Yesterday was most likely one of those days that will go down in economic history ... the panic? Fear that Congress might not be able to come up with a fix to the nearly frozen credit ... to continue day-to-day operations. Businesses of all types depend on these loans and lines of credit [more...]

Date: 2008-09-30 10:49:17

Debt Reduction and Debt Elimination Programs: What’s the Catch?

One of the most frequent issues that readers contact me about is more information about a debt reduction or debt elimination program that they heard ... with consolidated one person’s debt into a convenient low monthly payment. However, this new consolidated ... payment, meant that the person involved would be paying on that debt for many years to come. [more...]

Date: 2009-01-08 20:00:36

Selfishness in Affiliate Marketing

So last night I was up all night with my allergies, didn’t get to sleep until 7:30am ... . When he doesn’t pay the loan back, he’s charged 400% in interest and ends up being in debt for years. Rather ... allowance” out of it, less the money they deducted as “repayment” on the loan. All told, they took [more...]

Date: 2008-09-05 20:54:30

Democrat accuses state rep of engineering mortgage crisis

State Rep. Ruth Munson's (R-Elgin) not been in the Illinois State House to have engineered the nationwide foreclosure crisis Democrat challenger ... rates and endless debt, was the goal of the Payday Loan Reform act,” said Munson. “The law offered much-needed protections to keep individuals from falling into an endless cycle of payday loan debt [more...]

Date: 2008-10-14 19:40:02

Stop Foreclosure And Save Your Home

by Gary Rollins With the way the economy is today it is no wonder that many people are facing foreclosure ... repayment program with your mortgage company. The next option available is to consider getting your home ... and speak with one of their mortgage specialist, who will be able to help you determine what program [more...]

Date: 2009-01-02 11:04:05

Bernanke's Speech (Or we are all AIG)

The Crisis and the Policy ResponseFor almost a year and a half the global financial system has been under extraordinary stress--stress that has now ... confidence in credit markets. However, although the subprime debacle triggered the crisis, the developments in the U.S. mortgage market were only one aspect of a much larger and more encompassing credit [more...]

Date: 2009-01-13 13:06:00

The Total Money Makeover A Proven Plan for Financial Fitness

The Total Money Makeover A Proven Plan for Financial Fitness The success stories speak for themselves in this book from money maestro Dave ... (exposing the dangers of cash advance, rent-to-own, debt consolidation) and attacks the illusions ... what you make, Throw away your credit cards, Don’t trust any loan consolidation, Car loans are a [more...]

Date: 2009-01-09 21:03:16

BANKRUPTCY PREDICTION. What are indicators of financial distress? What are indicators used in predicting corporate bankruptcy?

BANKRUPTCY PREDICTIONHere are some concise points for our Financial Learning Corner.Will the company fail? ... to total assets Debt to equity Fixed assets to stockholders' equityDoes company size bear ... . A balanced budget requires difficult choices, such as curtailment or elimination in certain services [more...]

Date: 2009-01-10 08:41:00

Guest Post from Lune: The Automakers Take Their Turn at the Trough

After months of negotiations, Congress appears close to a deal on the bailout of the Big Three ... as senior debt that would be first in line to be repaid should the companies still go bankrupt ... that if there were no such agreement, the auto czar would be required to demand repayment [more...]

Date: 2008-12-10 05:30:32

Summary of House Approved Auto Bailout Bill

(Source: U.S. House of Representatives, Office of the Majority Whip) ... viability, international competitiveness and energy efficiency, including repayment of government ... debt.  The President’s Designee may provide financial assistance to an Auto Manufacturer to implement [more...]

Date: 2008-12-11 05:25:20

2008 Lookback: Where to Start?

It is not hyperbole to say that 2008 will go down as one of the more memorable years in the history of modern financial markets. Comparisons to the 1920s did not come across as ridiculous, and the unrelenting downpour of bad news has left investors with the feeling of having experienced four years inside of one [more...]

Date: 2008-12-22 11:09:00

Credit Counseling and Debt Management Plans

Credit Counseling and Debt Management Plans Credit Counseling: If you’re not disciplined enough to create a workable budget and stick to it, can’t work out a repayment plan with your creditors, or can’t keep track of mounting bills ... consumers to make “voluntary” contributions that can cause more debt. Most credit counselors offer [more...]

Date: 2009-01-13 03:28:07

Public Service Loan Forgiveness Program

This information comes from a great web page created by the National Council of Nonprofits ... Cost Reduction and Access Act of 2007. There might be hope for those with tremendous student loan debt ... , public safety, public interest law service, public care for children, elders or disabled [more...]

Date: 2009-01-05 21:51:43

Text: Summary of Auto Industry Rescue Bill – U.S. House Financial Services Committee

(Source: U.S. House Financial Services Committee) Summary of Draft Auto Rescue Bill Adds Title IV to the Emergency Economic Stability Act (EESA): Emergency Direct Loan Program – Directs Treasury to make no greater than $25 billion total ... for repayment.• Long-Term Restructuring Plan – Not later than 3/31/09, loan recipients must submit [more...]

Date: 2008-11-18 22:34:56

How to Stop Foreclosure

by Gary Rollins With the way the economy is today it is no wonder that many people are facing foreclosure ... to do is contact your mortgage company. 9 out of 10 times they will have some type of repayment plan ... company. Numerous companies deal in stopping foreclosure, they help to negotiate a fair repayment [more...]

Date: 2008-12-15 12:44:24

Mindful of the Miracles

On Tuesdays, I pay bills. This week, I paid all the bills. I can't remember the last time I was able to do that —just write the checks, matter-of-factly, in order of due date, without having to shuffle anything to the back of the pile or dial an 800 number to ask for more time. It seemed like a miracle. It is a miracle [more...]

Date: 2009-01-15 17:50:33

Questions about Ayers? Denounce Kurtz!

Jim Lindgren posts that target="_blank">Obama Campaign Denounces Kurtz To a Much Greater Extent Than Ayers, while Steve Diamond posts on how the Obama Campaign Harasses WGN Radio Host. Diamond: Most recently, Dr. Kurtz has turned his attention to a subject that Global Labor has been exploring - albeit from a left perspective - the [more...]

Date: 2008-08-28 18:19:59

What Private Equity Can Teach Government About Rescue Investing

Treasury Secretary Hank Paulson’s $700 billion Troubled Asset Recovery Program. President-elect Barack Obama’s stimulus package, which could head north of $850 billion. Government rescues are coming fast and furious. But questions abound about whether the government is spending its money wisely [more...]

Date: 2008-12-22 10:45:00

How Does Consumer Debt Counseling Services Affect My Credit Score?

By John Rasor These not for profit debt management companies offer a great service but how will your credit scores react? ... in actually enrolling in the debt management program. A debt management plan is a reasonable way ... repayment plan with your creditors. Upon agreement, you make a single payment to the debt management [more...]

Date: 2008-12-25 22:02:37

Guest Post: A Bankrupt Policy

By Deanne Loonin As most readers of Higher Ed Watch know, current bankruptcy law treats students who face financial distress the same severe way as people ... , a law professor at the University of Michigan, lays out a number of plausible theories for why student [more...]

Date: 2008-12-03 21:45:00

Repaying Your Student Loans

This entry is part 2 of 2 in the series Student LoansStrategies For Paying Back Student Loans “60 percent of 2007 college graduates had student debt, each taking on an average of $22,700 in loans.” —College Board Report “Default rates ... who leave college with a lot of debt.” — EducationSector Student loans are often easy [more...]

Date: 2008-11-18 17:43:48

Various Federal Student Loan Interest Rates

There are three types of federal student loans. The rate of interest and use of these loans has risen dramatically over the last few years ... student loan debt. This article will take a look at the two most common, Stafford and PLUS loans as well ... 8.25%. The rates are based upon the 91-day T-bill rate plus a certain percentage during repayment [more...]

Date: 2008-12-27 08:16:16

Loan Modification: Fannie and Freddie Streamline Modification Program

Listen in on a Interview I did on Loan Modifications and the Fannie Mae and Freddie Mac Streamline Loan Modification Program The Federal Housing ... Modification Program that is designed to help struggling borrowers avoid foreclosure by having ... prior to January 1, 2008 Your Debt-to-Income Ratio needs to be at 38% using current paystub (another [more...]

Date: 2009-01-10 17:14:22

Deepak Chopra: Saving the U.S. Economy Through "Trickle Up" Economics

Dear Friends, I would like to share with you the 14 Point Program that my good friend, ... proposed his bailout plan and we discussed on my Sirius Radio program. Rinaldo is moderating ... in the first place, adding new layers of federal debt on top of layers of existing private and public debt [more...]

Date: 2008-10-07 03:22:20

Hope For My Student Loan Debt…Maybe

Yesterday, I found out that the rules and regulations for the College Cost Reduction and Access Act of 2007 (CCRAA) were finalized ... . I have approximately $56,000 in federal student loans (a Direct Loans consolidation loan) and $48,000 in private ... , however, I want to confirm that my Direct Loans consolidation loan does qualify. Also, I’ve read [more...]

Date: 2009-01-06 16:51:15

Progressives Have Come Up With A Bill Worth Backing But Will Rahm Emanuel And His Allies Kill It?

Yesterday Alan Grayson, the Blue America endorsed candidate for the Orlando congressional seat held by pathetic Bush rubber stamp Ric Keller, ... , then, should we now suddenly fear that credit disappear?Since this bailout would be financed with debt [more...]

Date: 2008-10-01 09:30:00

Disadvantages of Student Loan Consolidation

Every loan has its pros and con and same thing holds true for student debt consolidation loans as well. No doubt the loan provides several benefits ... is unstable at present. And as the global recession continues applying for student loan consolidation ... installments over the years. With all these benefits the student debt consolidation loans becomes [more...]

Date: 2009-01-08 04:44:15

The Crisis and the Policy Response - Benanke

SpeechChairman Ben S. BernankeAt the Stamp Lecture, London School of Economics, London, EnglandJanuary 13, ... on many financial institutions and shook investor confidence in credit markets. However, although ... one aspect of a much larger and more encompassing credit boom whose impact transcended the mortgage [more...]

Date: 2009-01-14 14:16:00

Credit Card Issuers See the Writing on the Wall: Forgiveness of Debt — they also got paid in full through securitization, so there is no obligation owed to them

Credit Card Companies Willing to Deal Over DebtBank of America says it eased off on more than 700,000 credit card holders in 2008, ... to foster the explosive growth of consumer debt in recent years, credit card companies are realizing ... and card companies are bracing for a wave of defaults on credit card debt in early 2009 [more...]

Date: 2009-01-05 00:34:25

MCEA Sets its Annapolis Agenda

Following are the remarks of MCEA President Bonnie Cullison at the union's legislative breakfast this past Saturday. In attendance was the vast majority of Montgomery's statehouse delegation. Note the union's positions on the state school aid miscalculation, GCEI and teacher pensions [more...]

Date: 2009-01-12 19:00:00

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

Christian Debt Consolidation Company Advice: Finding the Best Program Solution

There are many Christian debt consolidation companies that may appear to be contradictory to many Christian’s beliefs ... that it is Biblical to take advantage of a consolidating program run by a Christian debt consolidation company ... the amount owed against it or the debt is not so large that repayment puts undue strain on the budget [more...]

Date: 2009-01-14 07:18:02

How Much Down Payment Do I Need and How Do I Get It?

With housing prices having crashed in most of the higher cost areas of the country, ... score debt to income ratio and loan to value ratio. I do have a source for loans with only 5% down purchase money loans that seems increasingly solid - but it's only one. One program from one lender [more...]

Date: 2008-11-04 14:41:53

A Debt Management Program Is All Worth It

It’s very difficult to manage multiple debts. Your earnings for the month are not enough to cover the monthly repayments required ... s this program you can sign up to manage all your debts. The so-called debt management program will help you solve your debt problems. It is a program designed for people undergoing a financial crisis [more...]

Date: 2008-12-29 00:00:11

Hoover Sings His Own Praises

Murray Rothbard opened my eyes to the real story about Herbert Hoover, but his quotation splicing makes me wince. In my next two posts, I'm going to dissect one of Hoover's last major speeches before the 1932 election - his November 5, 1932 address in St. Paul [more...]

Date: 2008-11-11 23:05:01

Treasury rejects credit card debt, only Wall Street debt matters

As much as I am against credit card debt, I'm fed up with the double standards of Paulson and Bush ... program that would allow as much as 40 percent of credit card debt to be forgiven for consumers ... . There are plenty of Americans who pushed debt onto credit cards because they were struggling [more...]

Date: 2008-11-14 01:05:01

No Debt that Can not be Consolidated

The debtors who have been trapped in debt are increasing day by day ... on how to deal with your loan and bed debt. In fact, taking loan is something inevitable in our life. But some unexpected situation may come up making us trapped in debt. Hence, a debt consolidation [more...]

Date: 2009-01-10 02:12:54

McCain, Obama on Education

By Rob Boisseau at AIP With less than two weeks before the election, a series of FYIs will offer the presidential candidates’ positions on education policy.  Below is an excerpt from the October 15 presidential debate when Senator John McCain and Senator Barack Obama pressed their education reform agendas [more...]

Date: 2008-10-24 18:16:37

california home loan mortgage second

Your kids are growing and your house is getting smaller. Thinking big? ... . You won’t regret it. You don’t need any equity, and this loan program will actually allow ... offered with a fixed interest rate for 15, 20 or 25 year repayment terms. If you have credit card [more...]

Date: 2009-01-14 05:07:26

General Student Loan Consolidation FAQ's

Many people considering student loan consolidation as a financial aid option often have the following questions ... about them. This post contains answers to general questions for student loan consolidation as an option for affording college, and my next posts will be specifically for private and federal student loan [more...]

Date: 2009-01-11 01:50:20

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