Archive for May, 2009
Banks Brace for Credit Card Write-Offs (source: New York Times)
By admin on May 13th, 2009
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Even the grim projections may vastly understate the size of the credit card troubles in store for major U.S. banks. (source: New York Times) - News widgets and RSS feeds on Feedzilla.com
Bill would allow return to lower credit-card rates (source: SF Gate)
Consumers behind on their credit-card payments could regain their older, lower interest rates if they pay their bills on time for six months, a compromise reached by lawmakers seeking changes in federal law governing the credit card industry. Companies co… (source: SF Gate) - RSS and News widget on Feedzilla.com
Heidi Montag Becomes Heidi Pratt (source: US Magazine)
To honor her husband Spencer Pratt, Heidi Montag has legally changed her name to Heidi Pratt. ”When we filled out the marriage license, I checked the box to change my name to Heidi Pratt,” she tells Usmagazine.com exclusively. ”It’s on my new license, c… (source: US Magazine) - RSS news feeds and Widgets on Feedzilla.com
Senate nears passage of bill to benefit credit-card holders (McClatchy Newspapers via Yahoo! News)
By admin on May 13th, 2009
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WASHINGTON Consumers jolted by sharp, sudden interest rate increases on their credit cards would get strong new protection from such surprises under legislation that appears headed for Senate passage later this week.
Financial Bailout
Bad Credit Mortgages
By admin on May 13th, 2009
Whether you’re buying a home, refinancing your current home or consolidating debt there is a mortgage loan for you regardless of your past credit history. Options are available for borrowers with credit scores as low as 350!
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Click here to watch the video (05:24)
Submitted By: paulinemitchell
Tags:
Mortgage Refinance Bad Credit Debt Consolidation Homes Real Estate First Time Homebuyer Down Payment
Categories: News & Events
Credit card debt consolidation
Credit cards have become a very vital part to many of our lives. We seem to end up in the credit card trap, even when we are careful. In order to understand credit card debt consolidation you need to understand a little bit about how credit cards work. Credit card companies have a variable interest on their credit cards. This interest rate will change as the market changes or as your personal credit history changes. If you start sliding into debt your interest rates are going to rise. This means that your credit scores are going to deteriorate. If you don’t pay off the monthly balance every month you will be charged interest. The larger balance you carry the more money the credit card will be earning off of you. If you switch credit cards every three months or even every year your credit score is going to be affected. This means that you will lose points. If the balance is higher than 49% on the credit card your points will continue to lower on your credit score. In order to help yourself you will want to try credit card debt consolidation. For some you can simply choose a card that has the lowest interest rate, and best credit limit. You can then do a balance transfer from all the cards you have onto one. Keep in mind this only works if you can keep the credit limit less than half used. In this case you gain one payment a month that is lower than what you have paid on all the cards. This usually doesn’t work for very many of us because we have small credit card limits, and more than two cards. This is where the true credit card debt consolidation comes in. You are going to take your credit card debt consolidate it into a loan that offers a lower monthly payment and interest rate. Instead of having a credit card to pay off you will have a loan with a certain time period to pay it off. Usually this is less than five years. The interest rate on credit card debt consolidation loans are usually an average of 12%, which is about 10% of most credit cards when you are sliding into the poor or bad credit section with your scores. The loan is going to be an unsecured loan that will cover all the credit cards you have.
Nedbank Provided 1.5 Billion Rand Credit Facility to Gold Fields (Bloomberg)
By admin on May 12th, 2009
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May 11 (Bloomberg) — Nedbank Group Ltd. said two of its units provided a 1.5 billion rand revolving credit facility for Gold Fields Ltd., showing that the lender is open for business amid the global credit crisis.
Toledo’s White-Collar Workers Recalibrating Their Lives After Layoffs (source: Washington Post)
By admin on May 12th, 2009
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TOLEDO — Rob Noonan’s friends think he’s a sucker. Laid off from his $140,000-a-year construction management job when the credit markets froze, he still shows up at work, one man working without pay in a cluster of vacant cubicles, trying to make somethi… (source: Washington Post) - News widgets and RSS feeds on Feedzilla.com
Successful Women Credit Mother’s Influence (source: ABC News)
Behind every successful woman may be an inspirational mother. (source: ABC News) - RSS news feeds and Widgets on Feedzilla.com