Subprime lenders reporting increased defaults.

By Jack, on August 30th, 2006%

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 they [...]; . . . → Click Here to Read the Full Article

Comments are closed   Bankruptcy, Debt, Mortgages

Bankruptcy may improve your credit rating.

By Jack, on August 22nd, 2006%

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 slowly [...]; . . . → Click Here to Read the Full Article

Comments are closed   Bankruptcy, Credit rating, Credit repair

Never give out your security code to strangers.

By Jack, on August 11th, 2006%

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 to [...]; . . . → Click Here to Read the Full Article

Comments are closed   Avoiding Scams, Credit cards

ARM’s driving higher deliquency rates

By Jack, on August 10th, 2006%

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 90 [...]; . . . → Click Here to Read the Full Article

Comments are closed   Bankruptcy, Mortgages

How to beat the bank at the mortgage game.

By Jack, on August 1st, 2006%

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” is [...]; . . . → Click Here to Read the Full Article

Comments are closed   Banks, Mortgages