The Wall Street Journal reports that subprime lenders “…the mortgage companies that cater to those with poor credit — so called subprime customers — see trouble first, and they are already warning about credit troubles.”
As …
Posted in Bankruptcy, Debt, Mortgages August 30th, 2006 by Jack | No comments
One of the great misconceptions among people whose debt has gotten out of control is the belief that bankruptcy will ruin their credit rating. I was talking to an elderly woman who had been …
Posted in Bankruptcy, Credit rating, Credit repair August 22nd, 2006 by Jack | No comments
One scam that has been going on for years seems to be picking up. Someone calls and says they are from your credit card company and they think there has been a phony charge …
Posted in Avoiding Scams, Credit cards August 11th, 2006 by Jack | No comments
With 17 increases in a row, the Fed has driven interest rates way up, and adjustable rate mortgages (ARM’s) have gone right along. The portion of adjustable rate mortgages that are at least …
Posted in Bankruptcy, Mortgages August 10th, 2006 by Jack | No comments
If you are familiar with the game of moving your credit card debt every time you get a low introductory offer from another credit card company (”zero percent interest on transferred balances for six months” …
Posted in Banks, Mortgages August 1st, 2006 by Jack | No comments