As interest rates have gone up, mortgage delinquencies and foreclosures have risen as well. This has brought out the vultures.
An article in the Wall Street Journal (5/30/06) details two businesses that feed …
Posted in Bankruptcy, Mortgages May 30th, 2006 by Jack | No comments
If you use Paypal to buy things on the web you are entitled to some free protection.
Paypal now offers free Equifax Credit Alerts to its users. They’re an early warning detection system that …
Posted in Avoiding Scams, Credit rating, Credit repair May 26th, 2006 by Jack | No comments
It is possible to pay 18-25% interest to a bank on your evolving credit balances, or you could apply to the same bank for a home equity loan and pay 6-9% for the same money. …
Posted in Banks, Credit cards, Debt, Debt management May 25th, 2006 by Jack | No comments
The Federal Trade Commission estimates that 27 million Americans suffered from some form of identity theft over a recent five year period, and that this cost consumers more than $5 billion. It also created …
Posted in Avoiding Scams, Credit, Credit repair May 24th, 2006 by Jack | No comments
Credit Counselors say they will help you manage your debt and clear up old debt. As we have pointed out on the page on Credit Counseling, we have found most of those with …
Posted in Avoiding Scams, Credit counseling, Credit repair May 18th, 2006 by Jack | No comments
As we’ve been reporting, the housing market is softening. In response, some banks are loosening their standards for mortgage loans.
A survey by the Federal Reserve Bank found that 11% of banks responding said that …
Posted in Credit, Mortgages May 17th, 2006 by Jack | No comments
It’s called “microlending.” It was pioneered in the 1970s by firms like Grameen Bank in Bangladesh, says the Wall Street Journal. “[It] has since spread all over the world. As many as 10,000 microlending …
Posted in Credit cards, Debt May 15th, 2006 by Jack | No comments
It’s not what you think, according to some research done by Professor Elizabeth Warren of Harvard Law School. Echoing a study done by “The Center for American Progress” Professor Warren claims that flat …
Posted in Debt May 13th, 2006 by Jack | No comments
“Phishing” is the practice of sending out emails that try to trick you into providing credit card or bank data that the phisher immediately sells or uses to steal your money. We all get these …
Posted in Avoiding Scams, Banks, Credit repair May 12th, 2006 by Jack | No comments
Mortgage interest payments rose 15.8% last year as adjustable rate mortgagees saw their rates go up substantially. So home mortgage payments are an increasing burden on all Americans.
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Get Smart! Learn the Mortgage …
Posted in Debt, Mortgages May 11th, 2006 by Jack | No comments