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Entries from November 2008

Housing Rescue Bill: Fannie and Freddie Get New “Lifejackets”!

July 31st, 2008 · 1 Comment

Just as the boat that Freddie Mac and Fannie Mae have been vacationing on prepares to sink due to tropical storm “Subprime”, the government comes to the rescue! President Bush has recently signed the initiative to pass sweeping legislation that will offer up to $300 billion in assistance to troubled homeowners and throw government support […]

Popularity: 21% [?]

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Tags: Banking · Consumer Debt · Mortgages

Debt Collectors Suing Consumers Naming Capital One As Plaintiff

July 30th, 2008 · 53 Comments

This makes 3 in a row this week - I’ve listened to people who claim they are being sued by Capital One, when in fact it is an attorney’s office acting as a collector who is suing. What’s the difference? Plenty.
For one thing, it’s fraud. In each of the cases, the […]

Popularity: 49% [?]

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Tags: Credit Counselor Front Lines · I'm being sued! · Legal Stuff

Congratulations, Your Account is in Collections!

July 29th, 2008 · 12 Comments

Many people are really worried when an account goes in to collections, meaning a credit card company has decided to charge off your debt due to non-payment. Sure, now you have two big negative marks on your credit report, but I’m going to make a statement now that may seem counter-intuitive: once something gets […]

Popularity: 43% [?]

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Tags: Consumer Debt · Credit Repair · Debt Collection

8 Ways to Save When Shopping Online

July 28th, 2008 · 1 Comment

Shopping online is certainly convenient, but can it save you money too? As long as you rein in the urge to give in to impulsive purchases, you’ll find that you can save major money when you do your shopping online. Here are some tips to help you get the most bang for your buck.

Always […]

Popularity: 20% [?]

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Tags: Budgeting

Debit Cards for 401(k) Plans - Can You Say “Bad Idea”?

July 25th, 2008 · 1 Comment

Do you know why fast food is so popular despite the fact that we all know it’s (a) bad for you (b) is high in calories and (c) has low nutritional value? Mostly because it’s convenient (and ok, sometimes it tastes good) and cheap. Here comes the fast food equivalent in loans, the […]

Popularity: 21% [?]

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Tags: Banking · Consumer Debt · Credit Cards

Increase Gas Mileage with Gas Tank Full or Half Empty?

July 24th, 2008 · 7 Comments

There has recently been a lot of talk on how you can get better gas mileage by driving when your tank is half full to empty or making sure you fill up when your tank is half full. Which is correct - or does either method hold any water?
The fill ‘er up when it’s […]

Popularity: 29% [?]

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Tags: Budgeting · Consumer Debt

Want a Laugh? Comedy Routine on the Subprime Crisis from Bird and Fortune

July 23rd, 2008 · No Comments

Hilarious analysis of the subprime crisis from Bird and Fortune. Two of my favourite quotes (I’m spelling rumor and favorite the British way since it’s a Brit speaking):

“Experts have to decided whether or not to Buy on the rumour and sell on the news, do the opposite, do both, do nothing […]

Popularity: 21% [?]

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Tags: Banking · Consumer Debt

Credit Fears - Fight or Flight?

July 22nd, 2008 · No Comments

Market Crash? Housing Crash? Gas at $5/gallon? What is your reaction to this constant bombardment in the news of these phrases? Does the fear affect your actions concerning your purchases, investment strategies or how you drive?
This strong fearful emotion comes from one of the most “ancient” parts of your brain (a part which […]

Popularity: 21% [?]

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Tags: Credit Repair

Ten Tips for Protecting Your PC Privacy

July 21st, 2008 · No Comments

Your home computer is your window to the world, but hackers bent on mischief can crawl in if you don’t protect it. Here are some tips to help you protect your identity and personal information in today’s online world:
1. Run antivirus, anti-spyware, AND firewall software. It is important to use all three as they […]

Popularity: 19% [?]

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Tags: Identity Theft

Spam Volume Down Due to Credit Crunch?

July 18th, 2008 · 2 Comments

The economy may be affecting who can afford to spend $.0001 per 1 million messages. Have you noticed recently that the volume of spam is down in your email boxes? I just came back from a 2 week vacation and instead of the 4500 spam email messages I expected, there were only about […]

Popularity: 23% [?]

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Tags: Banking · Budgeting · Consumer Debt