Today’s current housing market fiasco has created problems for many individuals and lending companies alike. If looked on a line spectrum there are those consumers with excellent credit who will pretty much be able to ride out the storm and get future credit when they need it, and on the other far end of that […]
A lot of news of late has been about the new sub-prime assistance plans that the White House recently announced. On the surface, the news touted how the plan would help those with sub-prime mortgages by freezing interest rates which would have led to skyrocketing monthly payments. The truth, however, is less shiny.
Many of those […]
The current housing market problem is beginning to swell to the point that government sponsered housing programs are starting to take some action. It is expected that US Senators will vote on a bill to modernize the federal agency (FHA) in the very near future. It is hoped that this new bill will help the […]
Let’s say you’re a good borrower. You pay your bills on time, you are buying your home, and you now want two things. One, you want to buy a new car ( or something similar in cost ) and you also want to refinance your home sometime soon. Would buying that new vehicle impede your […]
Holiday spending this year by American consumers is going to be a mixed bag between credit card purchases and cash purchases. According to the National Retail Federation, it is expected that Americans will spend nearly $475 billion during the holiday period this year and that much of that will be bought with credit cards.
This should […]
Interest rates for refinance loans are falling, and that is good news for many homeowners, but home values are also falling in some areas of the nation, and that is bad news. In fact, this strange combination of events is causing some problems for many consumers who wish to refinance their high interest mortgage loans […]
The US housing mess is far from over, it seems. Foreclosure filings almost doubled in October as compared to the same month one year ago. This is only the latest indicator that homeowners are continuing to fall behind on their home payments and that many of them are losing their homes to foreclosures.
In October of […]
Ever wonder what the rest of the world spends on Christmas shopping? Some studies have been conducted and the results may surprise you.
In general, the British will spend more this year on Christmas than Americans and Australians. In fact, they will spend, on average, three times more. The study conducted by the UK-based APACS discovered […]
First is was phishing, and now it is vishing. Credit card scams are everywhere it seems. This newest one is cunning, to be sure. Here is how it works.
You get an email that reads something like: Please be aware that your VISA card has been disabled and you will not be able to use the […]