The Goal Is Credit Restoration
by Jenice Q Zenbella Now that the requirement for obtaining a mortgage are tighter than ever before, it’s vital that you have a good credit score ... , an installment loan (a car loan, for instance) and if you can, a mortgage as well. When creditors see ... . You can repair your credit after making some financial missteps, but the best thing [more...]
Date: 2009-03-06 09:59:58
Blog posts
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The bail-out may be killed by add-ons (pfblogs.org)
Filed under: Deals, Bad news, Law, HousingThe list of additions to the $700 billion Paulson bail-out plan could well kill it ... , "a change to potentially allow purchases of instruments such as car loans, credit-card debt and other ... , if the plan is extended to include individual home mortgages and things like auto loans, the size [more...]
Date: 2008-09-22 08:51:01
Ford: Credit Still Available to Car Buyers
When the Great Depression hit, it came over a stock ticker, ... and is still lending to car buyers. Ford's financing arm is willing to lend and lease to consumers with decent ... loudspeakers. What happens when every talking head on TV says there's no credit? Well, people assume [more...]
Date: 2008-10-14 20:33:19
Bank Potentates
Bailout! The monster banks, which produced the major forces causing the depression, ... that excessively risky debt - home loans, car loans, credit cards, business loans - is the immediate culprit. This puts the blame on the poor consumers. Consumers were not careful. Consumers borrowed too [more...]
Date: 2009-02-13 17:17:25
Thomas Friedman Pleads for Reason
The wealthiest journalist in the US says he "understands" why we're angry at Wall Street, ... subprime mortgage bonds, which is why you were able refinance your house two years ago. And your local ... to finance your street’s new sewer system, and your local car company depended on the credit markets [more...]
Date: 2008-10-02 05:17:18
Capital One Violates Bailout Terms - Screws Customers from whom they took Taxpayer Bailout Money
I’ve been getting a lot of emails from readers who - for arbitrary “business reasons” have had their credit card interest rates substantially ... to reduce car loans 45 percent this year. And barely two weeks after getting the bailout funds, it moved ... in the Washington area.” So Capital One took over 3 billion of our tax dollars to bail them out of ba [more...]
Date: 2009-02-07 23:21:15
Chrysler to shut down all plants for a month
Chrysler announced today that it will be shutting down all of its manufacturing operation for a month starting Dec.19th as a result of the lack in consumer credit for new car buyers that has led to a decrease ... of financing. The dealers said that they have lost an estimated 20 to 25 percent of their volume due [more...]
Date: 2008-12-18 01:25:48
Wall Street bailout plan to include more than bad mortgage debt: Feds to absorb unpaid bar bets, inadvertently laundered postage stamps, unredeemed soda cans and insufficient tooth-fairy disbursements
Totally absurd? Think twice: In the dark of night over the weekend when most people were snoozing, the Treasury dramatically expanded its bailout plan to include buying student loans, car loans, credit card debt and any other “troubled” assets held by banks. The changes, which were included [more...]
Date: 2008-09-23 06:05:06
PayCycle Survey: Small Business Owners Expect Long Recovery
PALO ALTO, Ca. (October 23, 2008) - PayCycle, Inc., America’s #1 online payroll service, ... t get a loan. Nine percent (9%) indicated they may need to close their businesses due to lack of credit. “It’ ... insurance options, change car insurance options, keep the house warmer, have kid’s party at a park instead [more...]
Date: 2008-10-30 11:40:29
2/24/09 When the Dog Drove
I'm out frolicking in the sand and surf of Jamaica at the moment, so please leave a message at the beep ... not shy. Toss the gas can in the car, grab Daddy's credit card, and I am on my way.Another thing ... trip, but it was all crazy like we was trippin', yo) I mentioned the teeny little dog-driving-the-car [more...]
Date: 2009-02-24 05:01:00
The Benefits of Auto Financing
In today’s world, you have many options available to you to pursue any number of things when it comes to making purchases. You’re probably often given the choice to use cash, debit, credit, check ... estate market or a car dealership to obtain what you need. There’s a strong private market [more...]
Date: 2008-11-24 16:34:21
Beyond FINESSE: Greg Mortenson of THREE CUPS OF TEA Fame
This year has started out on a new curve for me with little exercise, much more work as a freelance editor, and (a bonus!) lots of determined reading ... . Not bad for a guy who not so long ago slept in his car. Then again, Greg Mortenson—a former ... . I credit Lisa Kenney with inspiring me to read every spare minute. Since finishing Snow by Orhan [more...]
Date: 2009-02-15 16:52:00
Breakin' It Down
I could warm to the current version of the American Recovery and Reinvestment Act ... : : ALternative Minimum Tax relief 11 billion Temporary credit for car buyers: Interest and sales tax deductions. Too bad it isn;t retroactive to my 2008 Equinox purchase last Fall. 39 billion Temporary credit [more...]
Date: 2009-02-11 12:36:00
GMAC limits loans to buyers with 700+ FICO rating
Filed under: Car Buying, GMIf you're in the market for a new car, you'd better get your credit score in order first ... some sales, but according to credit information services company Experian, 74.3% of all auto loans went ... . Auto lending units are looking for top tier customers right now, and GM's captive credit arm [more...]
Date: 2008-10-14 12:52:03
The Lending Lunacy Continues as GMAC Gives Out More Bad Loans
This past week the Treasury used $5 billion of funds from the Troubled Asset Relief Program ((TARP)) to purchase senior preferred equity in GMAC, the financing arm of General Motors (GM). GMAC reacted immediately to deploy the funds by lending to new car buyers with credit scores as low as 621 [more...]
Date: 2009-01-01 11:02:24
Paulson Changes Tack Yet Again on TARP
It's a good thing (for him) this guy doesn't have to face elections ... such as car loans, credit cards and student loans. The Treasury and Federal Reserve are exploring ... . From Reuters: Treasury backs away from plan to buy bad assets Wed Nov 12, 2008 11:51am EST [more...]
Date: 2008-11-12 18:22:26
Why the Dollar is Getting Stronger
When people first take an interest in finance (beyond balancing a checking account and buying a few stocks here or there) ... in our economy. All of the credit card balances, mortgages, car loans, government debt, CD's, bonds [more...]
Date: 2009-02-27 14:25:43
Five Key Steps to Managing College Loan Debt
This is a guest post by TJ Hanson of GoCollege.com A college degree is a very admirable goal ... . Two basic examples of bad debt are credit card debt and a car loan. Both debts will cost ... over time. A loan for college is also considered good debt as it is an investment in your future [more...]
Date: 2009-02-25 12:52:16
Eco-Car Credit Crisis - Green Auto Companies Head Into Survival Mode (GALLERY)
(TrendHunter.com) The building and developing of electric/hybrid cars is coming to a screeching halt. GM announced they are closing the plant that makes the motor for their electric car, the Chevy Volt. Tesla Motors, another… [more...]
Date: 2008-12-18 22:19:50
off again, on again
I sort of completely fell off the resolution wagon yesterday. My poor sick baby would. not. sleep. He woke up way too early in the morning ( ... of some refinancing paperwork, and you have a day where I managed to do the absolute necessities. Grrrr.Anyways. Noah fell asleep in the car on the way home from the credit union and Papa managed to carry [more...]
Date: 2009-01-07 15:04:00
Getting out of Debt (1 of ???)
I was going through my server logs and to my surprise, I discovered that the most downloaded audio file on my site wasn’t an old time radio show, ... and I made the last payment on my student loan. We have no credit cards. We have no car loans [more...]
Date: 2009-02-11 18:34:10
"How Cronyism and Rent-Seeking Replaced 'Creative Destruction'"
Eliot Spitzer: America's Fear of Competition, by Eliot Spitzer, Commentary, Slate: Although everybody claims to love the market, ... that binds together the near death of the American car industry, the collapse of the credit market ... a path of least resistance rather than confront the need for dynamism and innovation. ... The auto [more...]
Date: 2009-01-24 20:33:00
More on the bank bailout plan
So today is the big day. The Obama administration is putting a full-court press on for the bank bailout plan, ... . It originally was meant to provide $200 billion of financing to investors buying securities backed by consumer loans such as car loans, student loans and credit-card debt. Officials hope investor demand [more...]
Date: 2009-02-10 13:16:00
Pwned
From the Irvine Housing Blog, via Atrios: Generation Y began buying starter homes in earnest during the Great Housing Bubble ... ) to their housing costs, plus trying to finance car payments and credit card debt is going to find it very [more...]
Date: 2008-09-25 16:20:19
Types of assets: How people screw up their personal finances
Slow news day, so I figured I’d talk a little about this personal finance program I’ve been revising this month, ... track of liabilities (L). Liabilities are money you owe - mortgages, car notes, credit card debt [more...]
Date: 2009-01-27 15:08:29
Quick analysis : Two investment ideas
I have been analysing and following these two companies for quite some time ... ) You can find the analysis for maruti suzuki here . During the month of november, due to the credit crunch and general slowdown, car sales dropped dramatically. The market reacted sharply and pushed [more...]
Date: 2009-02-13 21:50:00
Joe Sixpack and the Subprime Crisis
The Subprime Crisis is a broken promise to Joe “Sixpack”. One Day in early 2006, Joe was feeling pretty darned good about himself ... up in the bank. He had no credit card debt. He owned his car free and clear. He looked at his pregnant wife ... % equals a payment of $1,787.50 a month and at 5.5% interest rate that equaled a loan of $315,000 [more...]
Date: 2008-10-11 20:31:04
Debt Payoff Refinance - Mortgage Rate and Tip For 1-7-09
Real Mortgage Rate and Tip For Today One min. Podcast Ask Terri A Question - Click Here! ... % in yield spread premium. A debt payoff refinance uses the equity in your home to pay off debt like credit cards or car loans. You can’t use all of your equity. There has to still be 10% equity left [more...]
Date: 2009-01-07 16:31:45
03/05/2009, 3:00 PM
ElectricRe-Illustrated: 2012 Tesla Model S In February, we brought you an exclusive illustration of the 2012 Tesla Model S, ... is expected to range from $57,400 to $67,400, though the car’s eligibility for a $7500 tax credit will reduce ... a whole new computer-generated illustration of the rear of the car, plus updated our side profile [more...]
Date: 2009-03-05 20:00:29
Legal Helpers vs Transforming Debt Into Wealth Course - A review of two popular debt elimination programs
Transforming Debt Into Wealth Review A person deep in difficult financial situation and is desperate for a solution tends to grab the first ... or rent payments, car loans , and credit card payments. He wants to help you to own your life [more...]
Date: 2009-02-07 18:21:32
50 Financial Skills Every Person Needs To Know
Popular Mechanics created a list of 100 Skills Every man Should Know, ... . Contest errors or inaccuracies on your credit history. Apply for a loan (car loan, mortgage). Get a bank ... which naturally gravitated towards DIY/physical skills like jump starting a car and split firewood [more...]
Date: 2008-10-27 11:00:10
AP Tries Desperately To Prop Up Failing President
Read this amatuer propagandist tripe. Man, what a hack job. It has all the sophistication and tactical skill of a 14 year-old in the backseat of a car ... homeowners avoid foreclosure; a new credit plan to spur lending for people and businesses [more...]
Date: 2009-03-07 16:00:44
Know more about the average credit score
If you’re wondering how you compare with the national average credit score, then you don’t have to wonder anymore ... to maximizing your financial potential. Whether you’re applying for housing loan, buying a new car ... history); 10% (concerns the types of credit used whether revolving, installment or consumer finance [more...]
Date: 2008-12-26 06:25:32
Iz R Korprations Lerning? - by: matt
Mich. lawmakers want gov’t to help auto financing AP (10/22/08) ... Henry Paulson to use their regulatory powers to loosen up credit to help finance car loans. … ... of the financial sector to restore liquidity in the U.S. auto industry. Right, because loose credit [more...]
Date: 2008-10-22 22:30:58
U.S. Tries a Trillion-Dollar Key for Locked Lending
By VIKAS BAJAJ NYT Credit cards, home equity lines, student loans, car financing: none come cheaply or easily in these credit-tight times. The banks, the refrain goes, just will not lend money [more...]
Date: 2009-02-20 11:52:00
Rick Santelli, CNBC, and Patenaude & Felix: Go. To. Hell.
Speaking of greed and capitalism and pure evil hiding behind the “ free market , ... have to pay them. Or they’ll sue and take your house, your car, your TV set, your credit rating ... . You have a terminal illness? They don’t care. The credit card company gave you a $12,000 limit [more...]
Date: 2009-03-05 17:27:50
I CAN SOLVE THAT ECONOMIC CRISIS IN 10 PAGES
by Lee Newcom What is needed to save the free market system and get the economy going is a simple plan that creates massive economic activity ... of this and how much of a credit is needed to create the incentive to act). A tax credit for the purchase or start of a new home or building in 2009-10. A tax credit for the purchase of a new car or [more...]
Date: 2009-02-02 15:09:31
Terrorism Financing Meets Judicial Review
The Washington Post's big Sunday story is on how badly the American pushed international terrorism financing prevention regime has done in courts in ... if you found yourself suddenly unable to use your credit or debit cards, house, phone, computer, car [more...]
Date: 2008-11-02 06:52:12
Compare and Select The Best Loan Among Different Loan Types
by Ada Denis Christmas time and the festive period in general is renowned for being a time where we all spend lots and sometimes more money than our ... to consolidate card and other debts but also perhaps to buy a new car, take a holiday, finance a wedding ... and credit cards to finance their purchases of gifts and other extravagances; in fact [more...]
Date: 2009-01-02 09:54:05
How Wall Street's Woes Affect Car Shoppers
Usedsuvs Unless you have Bill Gates’ credit history — or you are Bill Gates — you may have trouble getting a loan to buy a car these days, ... , the loan will be rejected. "Some banks insist they haven't stopped giving auto loans, but they're charging such high interest they don't get any auto loan business." Dealers admit losing sales because [more...]
Date: 2008-09-16 15:45:26
No Thanks, Mr. Paulson, We’re Repairing Our Balance Sheets
The newest push-on-a-string plan from Treasury Secretary Paulson is to force more federal money into consumer credit. The idea is that we can then max out our credit cards to new limits, buy houses and cars with too ... payments so we can have smaller mortgages? What if we've realized that "zero percent financing [more...]
Date: 2008-11-26 15:42:12
Plug-In Hybrids Could Get $10,000 Tax Credit
Last year, legislators passed new rules about plug-in hybrids and their tax credits ... . Currently, there are no such plug-in commercial vehicles planned. Senate Finance Committee Markup Proposes Doubling PHEVs Eligible for Tax Credits to 500,000 Units (Green Car Congress) [more...]
Date: 2009-01-28 20:09:42
Prepare For A Budget Meltdown By Conducting A Financial Fire Drill [Personal Finance]
You're fired! Now what? It's the nightmare scenario, and you can prepare for it by conducting a financial drill ... at your car. Is it nice? Good, then ride it 'till it's dead. "Mr. McKinley, who drives a 2003 Honda Pilot ... about car trouble." Borrow: Yes, borrow. Since your credit will dry up as your financial situation [more...]
Date: 2009-01-17 21:20:28
Better Daze
Man, working at Gray & Prouty is losing some of its new car smell. Today just seemed to drag on and on. Good news, though! I got my first paycheck from them today. Too bad it all goes to paying off my credit card. Gas ... a thousand miles on my car, and I need an oil change again now. Oh, and eating out all the time [more...]
Date: 2009-02-24 02:34:36
The Credit Crisis Hits Home
Evidence that the tight credit markets are having an impact on Main Street: ... s still quite possible to get a car loan, even with less-than-perfect credit. But the most favorable ... interest-free financing, for example, on certain sport-utility vehicles that haven’t budged from car [more...]
Date: 2008-10-07 16:39:06
A Best Seller? Stop Building It!
While the rest of the world’s auto markets swirl down the bad-credit drain, sales of new cars in Russia are still growing. With Russian sales set to hit a record 2.8m units this year, it’ [more...]
Date: 2008-11-13 16:51:45
Credit Crunch Defying Car Debuts - A Sneak Peek at the Sleek Volvo S60 Concept (GALLERY)
(TrendHunter.com) Detroit still hosts one of the premier auto shows, and this year is no exception, even though there is a gloomy dark cloud hanging over Motor City. Cars like the Volvo S60 Concept [more...]
Date: 2008-12-17 13:19:57
"Bad Bank?" Bad Idea.
SCENARIO 1: I tell my son that if he washes the car, he can use it on the weekend. Will he be more or less likely to wash the car? ... , Banks made insane loans to non-credit-worthy people, lied about asssessed valuations, and engaged ... in the financial industry played the game, and many got caught with an awful lot of bad loans. Geithner's [more...]
Date: 2009-01-23 19:49:00
Ownership in a Digital World & Blurring the Boundary Between Products and Services
A group of auto dealers in Oregon secretly attached GPS tracking units to the cars of customers with poor credit to better track them in the event of repossession. This questionable act [more...]
Date: 2008-12-19 19:49:55
Do I really miss it?
Do I really miss it? February 22nd, 2009 You know, ... like we used to. You know, at least 3-4 times per month. And that I’m really love to go house and car ... now we are attacking all the credit card debt we’ve built up somehow over the years. Once those [more...]
Date: 2009-02-22 23:11:50
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