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Entries from December 24th, 2008

Rates Rally to Record Lows: Is it Time to Refinance?

December 24th, 2008 · 1 Comment · Mortgages

With mortgage interest rates dipping to historic lows, many homeowners may be asking this very question; should I jump on the refinance bandwagon now?  The answer will naturally be contingent on a number of factors, first and foremost your ability to qualify considering tightened lending standards, along with the equity (or lack thereof) available in [...]

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Credit Card Debt-Ridden Consumers in U.K. to Get “Breathing Space”

December 23rd, 2008 · No Comments · Bankruptcy, Credit Cards

The United Kingdom (U.K.)  payments association, APACS– along with some of the major players in the credit card industry– met with the British government last week to outline a new industry standard restricting the imposition of interest rate increases for debt-ridden customers, while providing help for those struggling with their finances. APACS (Association for Payment [...]

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USDA “No Money Down” Home Loans Available– Act Quick!

December 22nd, 2008 · 3 Comments · Mortgages

With the credit crunch continuing the tightening of the noose on lending buyers need to be diligent and perhaps even creative at finding financing for home purchases. I suppose borrowing money from the U.S. Department of Agriculture (USDA) would fall into the creative category; don’t they regulate foodstuffs, crops,  porky pig or something of that [...]

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Understanding “Inquiries” on Your Credit Report

December 19th, 2008 · 1 Comment · Consumer Debt, Credit Bureaus and Scores, Credit Reports

I recently ordered my annual free credit report and just about jumped out of my skin initially as I reviewed the inquiries section– I didn’t recognize the half of them! Fortunately, the lengthy list of inquiries I didn’t recall were simply “soft inquiries”, and therefore not going to be included in calculating my credit score. [...]

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