Entries from November 2008
September 30th, 2008 · 3 Comments
Yesterday, Cindy wrote about the $700 billion bailout package proposed by the House. The assumption at the time was that it would pass. News of the House rejection of the Plan yesterday stunned Wall Street and world markets. Some people cheered the rejection, as the plan has the reputation of charity […]
Popularity: 19% [?]
[Read more →]
Tags: Banking · Consumer Debt · Credit Cards · Mortgages
September 29th, 2008 · No Comments
Remember those tounge-twisters we loved as kids? Say this a few times quickly: “buku billion bucks buys bad bank books in bailout billiards”. Or perhaps a more appropriate gaming analogy is the Treasury Department going “all-in” in a $700 billion Texas Hold ‘Em poker bet. All kidding aside, either way, it’s a scary proposition for […]
Popularity: 18% [?]
[Read more →]
Tags: Banking · Consumer Debt
September 26th, 2008 · No Comments
And the survey SAYS…. How to work their iPods! Now THERE is a skill that is going to lead the Gen X and Gen Y’ers to great things, no doubt!!
Back in August, I published a blog entitled “How Much Debt Does Your Generation Have?” and the statistics were taken from a survey sponsored by the […]
Popularity: 17% [?]
[Read more →]
Tags: Consumer Debt
September 25th, 2008 · 1 Comment
On Tuesday, September 23, the House passed the Credit Card Reform Act, which we’ve been following here in this blog. This is great news! The bad news? Congress is totally tied up with the economic bail out, so the Senate may ignore this bill. Let’s hope not. As we […]
Popularity: 20% [?]
[Read more →]
Tags: Credit Cards
September 24th, 2008 · 1 Comment
It sounds like a sensationalistic headline, right? Stealing? Isn’t that too strong a word? Nope, it happens to be the truth. Citibank was actually removing excess cash from statements, and also stealing from the recently deceased. This is a another great reason to read your statements every month. […]
Popularity: 18% [?]
[Read more →]
Tags: Credit Cards
September 23rd, 2008 · 1 Comment
Student credit card debt is a problem. The average college graduate carries $2,748 in credit-card debt, according to a 2007 survey by student lender Nellie Mae. And nearly one in four graduates leaves school with more than $5,000 in credit-card debt, according to a recent survey by Zogby International that was commissioned by credit […]
Popularity: 19% [?]
[Read more →]
Tags: Consumer Debt · Credit Cards
September 22nd, 2008 · No Comments
Give money away in this environment? There’s always some worthy cause especially in this environment. Some people believe that we can give only out of selfish motives. So, for those of you who might want to give but need a few selfish motives, here are ten benefits to giving away some […]
Popularity: 19% [?]
[Read more →]
Tags: Banking · Budgeting
September 19th, 2008 · 1 Comment
In other (more lengthy) words, your credit score will not be “calculated” in the same way contingent on which credit reporting agency you request it from. With so much emphasis on a consumer’s credit score in today’s tumultuous economy, when you request your credit score, you want to see the same score that a potential […]
Popularity: 20% [?]
[Read more →]
Tags: Credit Reports
September 18th, 2008 · No Comments
Your mortgage remains in effect. Even if the lender goes out of business, someone else will take over the bankrupt company’s assets (the loan to you) and demand payments from you. If you don’t pay, they will take your house. You may even be sending your payments to a bank trustee (the entity […]
Popularity: 21% [?]
[Read more →]
Tags: Banking · Bankruptcy · Consumer Debt · Mortgages
September 17th, 2008 · 1 Comment
Sure it’s easy to get your credit report for free, but how about your
Popularity: 21% [?]
[Read more →]
Tags: Banking · Credit Cards · Credit Reports