Essential Information on Secured Debt

Secured debts are often described as financial obligations that are backed by collateral, such as a property or a car. By agreeing to a secured debt, the lending institution is able to provide loans with more favorable terms while decreasing the risk that would be present in case of an unsecured debt. The situation [more...]

Date: 2009-01-06 12:24:04

Blog posts (229) | Videos (70)
 

One Million Use Credit Cards for Mortgage or Rent - UK

According to housing and homelessness charity Shelter, about 85% of the UK’s £1.4 trillion personal debt is secured against property. The good thing with secured debts, of course, is that they normally come with a lower APR (Annual Percentage Rate) than unsecured debts. Nonetheless, a mortgage is by far the biggest debt most [more...]

Date: 2009-01-15 18:34:40

Will Huntington Bancshares Raise Cash? (HBAN, HBANP)

Huntington Bancshares Incorporated (NASDAQ: HBAN) ... the repayment of debt, stock buybacks, Investing in subsidiaries, and for acquisitions. Jon C. Ogg January ... , Depositary Shares, Debt Securities, Junior Subordinated Debt Securities, Warrants, Guarantees [more...]

Date: 2009-01-13 20:22:18

Reintroduce Yourself To Debt Consolidation

As we are attempting to simply get through each passing day and provide for our basic needs it can be very easy to find that we have gotten caught ... of debt consolidation to be of great interest. You can either consolidate loans yourself by using the services of debt management counseling or by securing a debt consolidation loan. Debt consolidatio [more...]

Date: 2009-01-08 01:41:42

What Is Debt Consolidation And Can It Help You

by William Blake Most people have heard of debt consolidation through junk mail, on television, or other forms of media ... cases, debt consolidation involves several unsecured debts into one secured loan. This secured loan ... , but typically the steps are different for student loans than for unsecured debt from credit cards [more...]

Date: 2008-11-09 14:01:07

Debt Consolidation

  Are you concerned about your personal finances, and especially your debt, in this current economy? ... Consolidation: taking multiple debt or credit lines and consolidating them into one new payoff plan ... with one payment, typically shifting credit card debts to secured debt by refinancing a mortgage. It could also [more...]

Date: 2008-11-20 21:04:14

Credit - Loan Approval, Part 1

When it comes to loan approval, lenders will use different criteria for different situations. Unsecured debt is riskier than secured debt in general since there’s no collateral involved in unsecured debt. You see, it’s all about “what happens if you default?” A house or auto is collateral [more...]

Date: 2009-01-15 06:21:33

New From the GAO

New GAO Reports, Correspondence and Testimony (PDFs) Source: Government Accountability Office 29 September 2009 + Reports 1. Debt Management: Treasury Inflation Protected Securities Should Play a Heightened Role in Addressing Debt Management Challenges 2. Combating Terrorism: U.S. Agencies Report Progress Countering Terrorism and Its Financing in Saudi Arabia, but Continued Focus on Counter Terrorism Financing Efforts Needed – + Correspondence 1. [more...]

Date: 2009-09-29 22:33:44

Chrysler CEO: Fuel Economy’s Up, Future is Green

Chrysler CEO Bob Nardelli sent a letter to the automaker’s employees yesterday in which he reflects on the past year, ... ;P analysts wrote, the agency considers the offer to exchange secured debt for equity or new debt ... to provide financial assistance as well to protect Canadian manufacturing. This support underscores [more...]

Date: 2008-12-23 18:00:54

Countervailing Powers

by hilzoy From the Washington Post: "Senate leaders won the support of Citigroup, one of the nation's largest banks, ... too. And I'm glad they won't be trying to block the sensible position that mortgage debt should be treated like any other secured debt in bankruptcy, which looks like a very good way to prevent [more...]

Date: 2009-01-09 01:20:17

Successful Debt Negotiation Can Lead To Lower Payments

by Dillon Azungen Unfortunately and often, many people find themselves in circumstances of overwhelming debt. When debt-collectors begin to knock on the door, indebted people understand that it is time ... is to engage in debt reorganization, the aim of which is to secure some form of debt relief. At this early [more...]

Date: 2008-11-30 16:59:42

The New FDR Takes Office

That’s who the media wants you to believe Obama is: The new FDR. I tend to agree with them ... is that his plan will get people back to spending like they did when they were living on debt secured ... and spent hundreds of billions dollars of debt that couldn’t be repaid. Obama’s plan to rescue [more...]

Date: 2009-01-11 16:41:10

A Word on Spending and Debt

Having you run into financial difficulties during the economic downturn?  If so, you are definitely not alone ... a credit card only for emergenciesSwitch to less expensive brands of everything from shampoo ... to understand what type of debt that you have.  There are two types of debt: secured and unsecured [more...]

Date: 2009-01-09 01:52:03

Debt Management – Made Easy

September 26, 2009 | By Michael Sasaki In Finance | by Michael SasakiIt is important for every person to lead a debt-free life; this can provide a secure future for them and their families. Long term debt can cause havoc to personal life. So, it is highly imperative to meticulously plan for debt and avoid huge debt payments.Research analysts have found out that people fall into the debt trap because of their spending habits. [more...]

Date: 2009-09-26 05:17:04

Sellers of Tribune CDS Protection Face Large Payout

Matthew Cowley reports: The dire conditions facing media companies were highlighted by this week’s auction to settle credit derivatives ... agency, had already suggested that recovery values would be “negligible” for the bonds, at between zero and 10% for secured notes and debentures, senior unsecured debt, and subordinated debt [more...]

Date: 2009-01-07 09:50:00

Sellers of Tribune CDS Protection Face Large Payout

Matthew Cowley reports: The dire conditions facing media companies were highlighted by this week’s auction to settle credit derivatives ... agency, had already suggested that recovery values would be “negligible” for the bonds, at between zero and 10% for secured notes and debentures, senior unsecured debt, and subordinated debt [more...]

Date: 2009-01-07 09:50:00

Manage Your Debt With CareOne Credit Counseling

We all strive for financial freedom.. a debt-free life.. a secure financial future ... : "The most common form of consumer debt is credit card debt, payday loans, and other consumer finance ... endless notices from creditors, accounts being turned over to debt collectors? Indeed, you're [more...]

Date: 2008-10-03 06:45:00

Frugal Credit Repair - Secure Debt

creditcard Once upon a time I was not the most responsible person with my money or my credit ... of the card whereas many companies will charge as much as 24% even though you are securing the debt [more...]

Date: 2008-08-26 22:01:38

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

Managing Debt Wisely

Leading a debt-free life is the best way to provide a secure future for ourselves and our families. Long term debt, when becomes very large, can wreck a persons life. So, it is imperative for everyone to meticulously manage their finances to avoid huge debt payments. It has been proven through research that most people have debt due to their spending habits. So, if there is a need to change our lifestyle to prevent a debt situation in the future, it should be done immediately. [more...]

Date: 2009-09-29 16:41:49

Breaking the Bank News: Millions of Fraudulent Mortgages

by Moe Bedard on September 23, 2009 · 0 commentsin American Nightmare Like all of us, I was sorry to learn that Lies of Our Times could not be sustained. It’s a real loss, and another signal that we have our work cut out for us in times that are in many ways ominous, but that also offer a good deal of hope. – Noam ChomskyThe headlines say it all, Honorable Judges of Kansas: “MERS had no right to the underlying debt repayment secured by the mortgage”. [more...]

Date: 2009-09-23 22:30:25

Despite Settlements, Auction Rate Lawsuits Continue to Mount

The headlines on the business pages have been dominated in recent days by the news of the blockbuster Citigroup and UBS auction rate securities ... rate securities consisting of collateralized debt obligations and credit linked notes, some of which [more...]

Date: 2008-08-11 10:51:02

Secured Debt Consolidation Loans: Life Is Now Securer And Safer

From now onwards, for the people who have the capacity to keep their assets as collateral, the debt burdens will appear to be nothing troublesome. You will be considered to be eligible for getting [more...]

Date: 2009-01-12 13:19:26

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

Internet Finds | Debt Consolidation…

Who among of you here that are looking nor searching a reliable and excellent provider on debt consolidation? or Are you one of those people who wanted to secure a medical debt consolidation for your medical ... of their customers who keep coming back and referring them. In line with the subject, debt [more...]

Date: 2009-01-14 17:57:54

Secured Debt Consolidation Explained

When people are faced with a lot of debt, whether from credit card, department store cards or some other form of consumer credit, ... the best solution for paying it off is often to consolidate all the balances with a single loan. In most cases, these consolidation loans are secured by some sort of collateral, such ... [more...]

Date: 2008-07-07 21:20:58

What Else Did Brownski Need- A SMACK IN THE GOB…10 Folk that predicted the Meltdown…

October 12, 2008 Ten people who predicted the financial meltdown The financial events of recent weeks have filled many of us with shock and panic ... pinned against record levels of personal debt, which is secured, if at all, against house prices ... on the problem of consumer debt?”Mr Brown did not answer how he would solve the problem, merely [more...]

Date: 2009-01-10 10:45:36

Secured Debts - Why Your House Mortgage Must Not Be Overlooked

A simplify definition of debts are money due or own to people under an express agreement to repay ... of the property, and is based on the principle that if you fail to pay or default on your payment ... is to be avoided whenever possible. When that happens, you also lose all the payment that you have already [more...]

Date: 2009-01-15 23:26:29

No more blank check bailouts

By Kathy G. Sorry for the lack of posting, but I have been working on a couple posts (which hopefully I'll put up tomorrow) ... additional bailout money: Give priority – directly if possible – to help people keep their homes ... losing their jobs, health care, pensions, and homes . . . we need a raise in social security, less debt [more...]

Date: 2009-01-15 04:49:51

Peter Moricl on the Growing Depression

Even though Nuclear Green is an energy blog, I am taking note of the ongoing economic crisis because it effects everything including the future of ... lenders bought Treasury securities and collateralized debt obligations that fueled the housing bubble ... has collapsed, and without a sizeable reduction in the trade deficit, a sustainable growth path for [more...]

Date: 2009-01-09 11:42:00

A Look At Secured Debt Consolidation

by William Blake When you’re faced with a large amount of debt, whether on credit cards, ... cards back up. About the Author: How do you know if credit card consolidation is the best way ... a consolidation loan. There are agencies and services in most larger cities, as well as on the internet [more...]

Date: 2008-11-05 16:09:46

Claims Number Deals Another Blow to Market

Claims Number Deals Another Blow to Market Posted by MarketBeat Staff Stock futures declined Thursday morning after the Labor Department ... will be in three years from now than where it will be at one o’clock this afternoon,” said Quincy Krosby ... that the government won’t use the Troubled Assets Relief Program to buy debt securities. [more...]

Date: 2008-11-20 13:41:27

But I Thought It Was Just A “Panic”?

But I Thought It Was Just A "Panic"? Courtesy of Karl Denninger at The Market Ticker Or so we were told… Remember, the values at which subprime mortgage bonds were trading at reflected "irrational fear" and "unreasonable expectations of default." Really? * As of last week, the ABX index of sub-prime mortgage debt showed that AAA-rated securities from early 2007 were trading at 28 cents on the dollar – AA was at 4 cents, near all-time lows. [more...]

Date: 2009-09-14 02:05:36

Kashkari Now Packing 4.5 Revolver: Cenbanks Edge Away from Treasury Target Practice

"Oh my … " - blogger Calculated Risk (Dec 3, 2008) Careful where you’re pointing that thing, Neel! OK, so the gang that couldn’t ( ... to 4.5. Meanwhile, back at the Agency Debt Ranch, I see our old friends the bond-holding foreign central ... mortgage-backed securities and debt issued by Fannie Mae, Freddie Mac and Ginnie Mae [more...]

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

"Pixel money" for highway improvements

Jim Kuntsler thinks we might be better off improving our railway system rather than our highway system given the potential for the current economic ... currently vanishing in the form of exposed securities swindles, unwinding bad debt, and imploded ... like highway repair. If so, we will be investing long-term in infrastructure that we probably won't [more...]

Date: 2008-12-08 22:15:19

Someone at Credit Suisse has a wicked sense of humor

It really is a thing of beauty (via Bloomberg): Credit Suisse Group AG's investment bank has found a new way to reduce the risk of losses from ... bonuses. The bank will use leveraged loans and commercial mortgage- backed debt, some of the securities ... compensation packages, people familiar with the matter said. The new policy applies only to managin [more...]

Date: 2008-12-18 22:08:35

Homeowner Loans

About Champion Finance Champion Finance is a UK based finance company that provide competitive any purpose homeowner loans, secured loans and debt consolidation services starting from as low as 7.5%. Champion Finance works ... the New Year with lowering your monthly outgoings If you have an overdraft, credit cards or any other [more...]

Date: 2009-01-07 17:46:30

A Lot of Homes for Sale

A Lot of Homes for Sale A Lot of Homes for Sale Many experts believe that a housing market recovery is just what's needed to revive the ... more refinancing. Rates began falling as the Federal Reserve launched an effort in late November to aid housing and rein in spreads on related debt and securities. Some of the worst-affected areas [more...]

Date: 2009-01-14 20:25:48

The “Helicopter Drop” Has Begun

The Fed cut interest rates to effectively 0% today, but that really isn’t important. The problem is that even though money is now ( ... about all the existing debt starting to go bad, so creating new loans doesn’t make sense. Thus comes the “helicopter ... debt and mortgage-backed securities to provide support to the mortgage and housing markets.” [more...]

Date: 2008-12-17 00:03:00

How does a government create jobs?

One of the predominant promises of the trillion dollar and growing stimulus package demanded by Barack Obama and being developed by Congress is the ... out of it or has secured by taking on debt, is untrue. I see three basic problems with the government creating jobs ... decrease in personal debt load, an increase in cor [more...]

Date: 2009-01-15 22:10:41

Forest City stock takes hit

Denver Post Wire Services Forest City Enterprises fell 16 percent in New York trading after Moody's Investors Service said the property ... of the company's debt is secured by assets, a position Moody's called "aggressive." Forest City is working ... developer's credit outlook is negative because of high debt. Moody's rates Cleveland- based [more...]

Date: 2009-01-13 16:14:22

Kirchick: gays, cool your jets on Warren

Blenders, what is your take on this piece by Jamie Kirchick, "The Gay Community Needs to Calm Down About Rick Warren"? ... that will no doubt be fought in the years ahead. Getting rid of the odious and national security-weakening "Don't ... a political debt to us when these truly significant issues come up for debate. But how sincere [more...]

Date: 2008-12-27 20:36:49

Got a tip for a post?: Email us | Anonymous form Get PEEK in your mailbox! ... of secured debt insured by the FDIC. Yet, as with almost all banks, it has been tightening its credit [more...]

Date: 2008-12-08 18:30:08

US Interest Rates Zero to 0.25% and soon 4.5% US mortgages

Hale Bonddad Steward at Huffington Post has a lot of charts that show the bad financial situation ... to refinance a mortgage at 4.5%. The Fed and the Treasury appear ready to start buying up large quantities of securities -- government debt, mortgages, commercial loans, even stocks -- from banks [more...]

Date: 2008-12-16 20:29:22

Blackwater CEO Lights Pants on Fire in WSJ Op-Ed

Blackwater CEO Erik Prince's op-ed in the Wall Street Journal is so full of spin, sugar-coating, and quarter-truths, ... writes in Licensed to Kill: Hired Guns in the War on Terror. "He ran up credit card debt and worked day ... into the security industry after having careers in the military of law enforcement, Shannon just read [more...]

Date: 2008-12-17 19:14:15

Unsecured Debt Consolidation Loans - What You Should Know

Unsecured loans can be the answer for anybody who is having trouble managing their expenditure and does not have anything to offer as security for ... of monthly bills. A Debt consolidation loans is a loan that pays off all of your other loans ... on credit cards, store accounts, plus car loans, etc that they are paying each month [more...]

Date: 2008-12-26 08:15:00

Cato and the Financial Crisis

A libertarian friend recommended as “great” this missive from Cato President Ed Crane making the case that if only we’d listened to the libertarians ... , there is a market perception that Fannie Mae and Freddie Mac mortgage-backed securities and debt carry [more...]

Date: 2008-11-29 17:36:19

MOODY'S UPGRADES WILLIAMSON COUNTY (TN) TO AAA Bond rating

I just heard this on 950 WAKM's noon news update....Good news for Williamson County government and its citizens ... million of previously-issued parity debt. The General ObligationBonds are secured by the County's ... projects. The School Bonds are secured by an unlimited property tax pledge on all county taxable [more...]

Date: 2009-01-12 18:17:00

GE Breakup Watch--Motley Fool Weighs In! Will Jeff Immelt Call In Some More Bailout Chits With the Obama Administration?

The Cable Gamer has believed for years that GE would break up, spinning off its various assets, including its media properties, NBC, MSNBC, CNBC, etc ... is one of the nation's largest lenders. Among those assets are $51 billion in real-estate debt securities. Investors [more...]

Date: 2009-01-14 22:30:00

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

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