Categories

Bankruptcy after divorce, can they come after my ex assets?

Mon Aug 2, 2010 05:08PM

For those of you who want to split and bear no hard feelings towards each other, it is an important question. This is quite a complicated issue and if you think you can get away filing for bankruptcy after divorce,...

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Ex husband is filing for bankruptcy and the cosigner on auto loan

Sat Jul 31, 2010 01:07AM

Q: 4 years ago my ex cosigned for my Nissan truck. That is a 60-month loan. We divorced 2.5 years ago now he is filing for Chapter 7. He told me the creditor would certainly come after my truck...

Credit card delinquencies fall

Fri Jul 9, 2010 10:07PM

Despite very high unemployment and plummeting home values, credit card delinquencies fell to an 8-year low in the first quarter of 2010, that is according to the American Bankers Association. And for the first time since 2002, the number of...

Credit card closed due to inactivity

Sat Jul 3, 2010 12:07PM

Q: I have 8 credit cards and have decided to pay them in full to keep them all with zero balances. Want to boost my credit score. I am currently at 652 with TransUnion. I am going with cash...

Investing in Rhodium

Thu Jun 3, 2010 11:06PM

Is Rhodium investment something you might be interested in? Remember buy-and-hold and day trading? Today the mantra is stock options. On the precious metals front, which many consider to be the only real money, it is investing in rhodium...

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EverBank CD - MarketSafe Diversified Metals CD

Wed Apr 14, 2010 10:04PM

I got wind of this rather cool offer from Whiskey & Gunpowder folks. The MarketSafe Diversified Metals CD which will be released at EverBank April 15, which is tomorrow. The concept is pretty unique, this EverBank CD will take as...

Credit card lenders charge off unpaid debt

Thu Mar 18, 2010 10:03PM

You heard of course that Americans are saving more, borrowing less and yes, oh yes, finally paying off their credit cards, bringing national credit card debt to the lowest levels since a very long time ago. Ya, right, according to...

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How to increase credit card limit

Sun Mar 14, 2010 10:03AM

Most consumers want to increase their limits in order to either raise their credit scores or improve the buying power. There are two ways you can undertake to increase your credit card limit. You can apply for higher limits on...

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Visa Black Card benefits, fees

Wed Mar 10, 2010 11:03AM

I have received more pre approved offers for Visa Black Card which is issued by Barclays Bank Delaware, than I care to remember. Seriously, I am not bragging, whenever they arrive in mail, I shred them. But after hearing...

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Discover Card rewards, fees, interest rates

Thu Feb 25, 2010 11:02AM

I can't ever understand why people are so excited with credit card rewards, like the ones Discover Card offers. What is more, some choose their credit cards based on rewards offered, not fees or interest rates. Of course, if you...

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How to buy house in 2010 - home buying guide

Thu Jan 28, 2010 01:01PM

In this home buying guide I want to focus on emotions of the buyers. Let us forget for a few minutes about your down payment and credit history, even though, we will of course talk about those. I suspect, it...

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Cheap Cash Advance Loans / Fees

Wed Jan 20, 2010 11:01PM

While cash advance loans cannot be cheap by definition and are normally given at very steep fees ... there are some cash advance online shops that occasionally offer 50% discount loan fees or even no fee loans (free advance loans)...

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FDIC insurance coverage, limits, rules

Sat Dec 26, 2009 09:12AM

The Federal Deposit Insurance Corporation or FDIC insurance coverage limits have been increased from $100,000 to $250,000. Certain rules apply and we will show you how to take advantage of those later, but in general, deposits at FDIC insured institutions...

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Stop paying mortgage, should you?

Sat Dec 19, 2009 12:12PM

Should I stop paying mortgage or should I keep making payments when my house value is way below of what I owe on the mortgage? Sure I can afford those pesky monthly payments but why should I? It is a...

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2009 income tax rates, brackets

Wed Nov 25, 2009 09:11AM

Here we go again, time to plan and check your 2009 income tax rates and brackets, and get together with your accountant. Or if your taxes are simple enough, your IQ is reaching triple digits and, most importantly, you...

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Payday loan settlement - how to settle payday loan debt and escape for good

Fri Nov 20, 2009 02:11PM

The economy is getting worse and the number of people turning to payday loans has steadily increased. A payday loan may help initially but will almost inevitably hurt your finances in the long run. This post deals with payday loan...

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Should I invest in Silver or Gold? Silver over Gold?

Tue Nov 17, 2009 10:11PM

Invest in silver over gold? I say, it's a wrong question to ask. Either metal will do well in the near future. A more appropriate question would be: which metal has more upside potential? Silver does. The current gold-to-silver ratio...

Home buyer tax credit act 2009 - in 2010 with increased income limits

Sat Nov 14, 2009 10:11AM

Welcome to another stimulus edition. Now that The Worker, Homeownership, and Business Assistance Act of 2009 extended the home buyer tax credit through April 30, 2010, offering specifically a tax credit of up to $8,000 for qualified first-time home buyers...

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Adjusted Gross Income vs. Modified Adjusted Gross Income

Fri Nov 13, 2009 09:11AM

With all the stimulus packages that have been passed left and right, everyone has gotten confused with the definition of Adjusted Gross Income or AGI. In order to qualify for many stimulus perks, your AGI, not the salary or...

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Silver price predictions - silver prices forecast 2010, 2011

Sun Nov 8, 2009 09:11PM

You have to plan ahead to stay ahead. Many sliver price predictions are quite daring. Many insiders forecast silver prices literally going through the roof, soaring in relative terms in the end of 2010 and beginning of 2011, just as...

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Roth IRA conversion in 2010, rules, income limit, eligibility

Wed Nov 4, 2009 11:11PM

2010 is almost here and Roth IRA conversion fever which I could never comprehend, is heating up. For those who do not know, Roth IRA was established by the Taxpayer Relief Act of 1997 and named for its chief sponsor,...

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Wage garnishment in Michigan

Tue Oct 27, 2009 03:10PM

Q: What is the wage garnishment law in Michigan? I am making close to nothing and old credit card judgement came back hard. A: Michigan wage garnishment writ expires 91 days after issuance, so a new one must be...

Checking Account Overdraft Protection - Avoid Bank Overdraft Fees

Mon Oct 19, 2009 11:10PM

Checking account overdraft protection can be enabled with ease if you have a savings account in the same bank. Call you bank and ask them to set up an automatic overdraft protection by drawing funds from your savings account. This...

Crude Oil Price Predictions - Oil Price Forecast 2009

Sat Oct 17, 2009 08:10PM

To give an intelligent crude oil price forecast for 2009, one no need to make off-the-ceiling predictions but just be a realist. Last week we made a prediction that crude oil will go up and it did. It was easy...

FDIC insurance limits

Thu Oct 15, 2009 10:10AM

Q: How much is the FDIC limit now? A: FDIC insurance limit is at least $250,000 through December 31, 2013, part of the Helping Families Save their Homes Act of 2009, signed by president Obama on May 20. Earlier,...

How often to check credit report, when should I check credit score

Tue Oct 13, 2009 12:10PM

I want to see what is going with my credit report. Something tells me that my identity could be stolen. I am getting some letters and phone calls from the creditors I have not dealt in my entire life. Afraid...

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Check us at SimplyForties

Mon Sep 14, 2009 09:09AM

Another Carnival on Personal Finance. Our insightful Gold Price Direction - Gold Prices Forecast 2009-2010 story is here....

Gold Price Direction - Gold Prices Forecast 2009 - 2010

Sat Sep 12, 2009 07:09PM

We thought we take a shot at the current gold price direction and gold prices forecast for 2009 - 2010 ... And why not? If every jerk on Wall Street can why can't we? And, of course, the price direction...

Check BCA at 221st Carnival of Personal Finance

Tue Sep 8, 2009 09:09AM

The How to dispute credit card charge is on Financial Highway....

How to dispute credit card charge

Fri Sep 4, 2009 04:09PM

How to dispute a credit card charge, depends on what is involved. I would break it on three categories - small charge credit card dispute, outright fraud and large purchase dispute. I personally have to dispute credit card charges several...

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Get credit card now, today!

Thu Aug 13, 2009 04:08PM

To get credit card now is not easy even if you have excellent credit. Today, banks are quite selective when issuing credit cards. Just like everyone could get a mortgage, anybody had a card. For years banks just mailed...

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Best credit card offers - which is the best deal

Sun Aug 2, 2009 11:08PM

Q: I got two best credit card offers one can imagine, especially for someone like myself who had credit problems for as long as I can remember. I have worked very hard on my credit repair, paying off ton...

Payday loan no faxing required

Tue Jul 21, 2009 04:07PM

Q: I am new to payday loans. Just about to lose my job at Pontiac dealership here at Houston, and preparing for the worst case scenario. I know, a payday loan can lead to more trouble than one would...

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Should I pay off my mortgage early or invest?

Thu Jul 16, 2009 12:07PM

Such a dilemma. I thought I made my point before - you should not pay off mortgage early under current circumstances. But here is the email I received last Sunday, and with the sender encouragement, I am sharing it....

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How credit score affects interest rate?

Thu Jun 4, 2009 09:06PM

Obviously, the higher your FICO credit score, the lower your payments. It is not a rocket science. The following charts are borrowed from myFICO and the rates are as of of June 4, 2009. You can get such charts anywhere....

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Silver price is moving up

Fri May 29, 2009 12:05PM

Today move has certainly caught many of you off guard. As I am typing, silver price stands at $15.65. Considered by many as the key resistance and psychological level, $15 price hasn't been seen since last August or so....

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Will new credit card law further limit consumer spending?

Sun May 24, 2009 08:05PM

It just may. Now that we have new credit card law, we need to examine some things to see what may be coming to us. Even though most provisions will go into effect 9 months from now, with just...

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Credit card bill that passed - coming credit card law

Thu May 21, 2009 04:05PM

Once become law, the bills, that are to the best of my knowledge are House bill H.R.627 and Senate bill S.235, will not take effect for a year. The only exception taking effect in 90 days, is a requirement that...

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Capital One credit card is in restricted status

Tue May 12, 2009 11:05AM

I like using those 0% interest credit card transfers to the point that I often keep up to 8 cards which initially all get maxed out or very close to. I saw my credit scores plunged by 80 some...

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Banks cut your credit card limit and your credit score as well

Tue May 12, 2009 12:05AM

I just got an issue with JP Morgan Chase. It lowered the credit limit on my business Visa from $17,000 to $6,900. As Chase put it, to meet my business needs better. Very touching, but well, they are right,...

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Child identity theft

Mon May 4, 2009 03:05PM

Child identity theft makes a lot of sense for a potential crook, since few expect child identity to be stolen and often, there is a large gap between the theft and the discovery of it - often for years, giving...

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Wage garnishment laws in Pennsylvania - not so fast

Tue Apr 14, 2009 04:04PM

Q: I live in Pennsylvania, can you explain what the wage garnishment policy is here? I carry several thousands on Bank of America Visa, and last week received the letter standing that account is closed and I am given...

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2009 first time home buyer tax credit

Mon Mar 9, 2009 10:03AM

If you are the first time buyer, then you get the tax credit of 10% of the home purchase price, up to a maximum credit of $8,000 for homes bought in 2009. Now this is how the first time home...

How to lower credit card interest rates - can you today

Mon Mar 2, 2009 08:03PM

reduce interest rates on credit cards? Everyone thinks it is rather easy. But really, jokes aside as it isn't a joking matter for many, how can you get your credit card issuer to lower interest rates? There were times when...

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New York wage garnishment laws and garnishment of bank account

Wed Feb 25, 2009 03:02PM

Q: What are the wage garnishment laws in New York state? Also can my bank account be garnished? One of my creditors has just obtained a judgment and I need to know what to expect ... if I should...

Voluntary repossession is still a ... repossession

Tue Feb 17, 2009 03:02PM

No matter what you heard, read or want to believe, voluntary repossession is not going to protect your credit rating and relieve you from deficiency judgment. You credit report will simply show REPOSSESSION under status and have I8 credit...

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Payday loans in Las Vegas - Nevada is feeling the pinch

Wed Feb 4, 2009 02:02PM

Las Vegas payday loans used to be the answer for many blue color, mainly low paid workers in hotel or catering, as well as entry level security guards and cab drivers. What I saw on my last week trip to...

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Wage garnishment in Ohio - disposable income garnishment only

Thu Jan 29, 2009 11:01PM

Q: How does wage garnishment is structured in Ohio? I heard that up to 40% of paycheck can be garnished. Is every type of income can be garnished? A: In Ohio, creditors can garnish only 25% of your disposable...

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2008 IRA contribution limits

Thu Jan 22, 2009 03:01PM

Q: What were contribution limits for regular IRA in 2008? What about catch-up contribution limits? A: Standard contribution limit to a traditional IRA in 2008, according to IRS, was and still is $5,000. You can be making your 2008...

Payday loans in Wisconsin are booming in small towns

Sun Jan 18, 2009 12:01AM

Times must be tough. Payday loan business is all rage and nowhere it is more obvious than in small towns across America. Business is slow for many retail shops, but the ones selling payday loans in Wisconsin, which I...

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BCA is at Carnival of Personal Finance again

Mon Jan 5, 2009 10:01AM

See us at Clever Dude's Carnival of Personal Finance Fairy Tale Edition....

Is cosigning car loan different from cosigning other loans?

Sun Jan 4, 2009 07:01AM

Q: I am thinking of cosigning a car loan for a friend daughter who is finishing college. Friend's credit rating is poor. When I raise my doubts and objections, she tells me that cosigning a car loan is quite...

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Wage garnishment in Texas is not constitutional

Tue Dec 9, 2008 11:12PM

Q: I owe roughly $3,400 and the creditor threatens to garnish my pay. My legal department guy claims, Texas doesn't allow wage garnishment. Is this true? The creditor keeps on threatening. A: You are in luck, as long as...

Post dated checks should never be used

Thu Dec 4, 2008 11:12PM

With several emails asking the question, I can't stress it hard enough. Never send post dated checks to a debt collector, not even one. If that wasn't explained clear enough in Collection agency requesting post dated checks, I suggest...

Voluntary repossession doesn't protect you from a deficiency judgment

Tue Nov 4, 2008 04:11PM

Four emails came within last 2 days with the following question - if I voluntary give up my car to the lender which is known as Voluntary Repossession, will I be protected against a deficiency judgment? For the readers unfamiliar...

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Florida wage garnishment statute protects main bread winner

Mon Oct 27, 2008 01:10AM

You if live in Florida and you are the head of household, your wages can not be garnished, according to Florida Statutes §222.11. It is called head of family exemption. What is more, the amount of wages protected is unlimited....

Chapter 13 bankruptcy and foreclosure

Thu Oct 23, 2008 02:10PM

Q: Can Chapter 13 bankruptcy stop foreclosure? I am afraid we about to fall behind, I just lost my job and my husband had to take 15% cut to keep his. We are considering filing Chapter 13. Everyone says...

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BCA is on Carnival of Personal Finance

Mon Oct 20, 2008 09:10PM

under Money Management ...

IRS levy is just step behind the tax lien

Thu Oct 16, 2008 12:10PM

IRS tax levy is simply a continuation of the enforced collection process by the government. We have received over 20 emails on the subject just this week alone, as folks are fretting and IRS has stepped up its collection...

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Living on one income doesn't mean living on one paycheck

Wed Oct 15, 2008 06:10AM

Yes, it doesn't have to. Get a second job and another paycheck. To me living on one income means husband works while wife stays home to take care of it, him and kids. Of course today, you find wives working...

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Fri Oct 10, 2008 03:10AM

Looking for a blogger to help us to reflect the latest financial advisory in the Media. You'll be responsible for generating new content daily. Get paid per post and grow with the company. Strong writing skills and some basic...

0% balance transfer credit cards will be a thing of the past?

Fri Oct 10, 2008 01:10AM

I certainly hope not as I have tremendous use for every 0% balance transfer credit card I can get my hands on. I hate paying interest, even tax deductible. Often, I am simply amazed by the stupidity of the banks...

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Wage garnishment in California

Mon Oct 6, 2008 12:10PM

Q: What is the law on wage garnishment in California? I live in Hayfork up north. Why can't you make nice table just like you did on credit report freeze? A: Quite bad. California wage garnishment law allows lender...

Credit freeze letter

Thu Oct 2, 2008 03:10PM

You can request a security freeze in writing by sending a credit freeze letter by certified mail to the credit reporting agencies. Most states charge you a nominal fee unless you are an identity theft victim, and several states allow...

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Payday loans in Georgia and the laws

Sat Sep 27, 2008 01:09AM

Q: Can someone tell me what the core payday loan laws are in Georgia? I have just transferred in greater Atlanta area and would like to learn as much as I can. I intend to use them but my...

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American Buffalo gold coin sales are suspended

Fri Sep 26, 2008 12:09AM

Due to unprecedented demand and depleted inventories, the U.S Mint said Thursday it was temporarily suspending sales of American Buffalo bullion coins, the only 24 karat gold one-ounce coin minted in U.S. This follows mid-August shortage of American Eagle...

How to dispute rent increase and rental deposit return

Tue Sep 16, 2008 11:09PM

After the recent sample of a rent dispute letter we received at least a dozen requests to put together another two - on how you dispute rent increase and rental deposit refund, which are two rather large issues nowadays, with...

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Physical silver shortage, Austrian Philharmonic Silver coin

Sat Sep 13, 2008 08:09AM

Apparently with silver, gold, platinum and palladium futures falling down the drain, shortage of physical silver is very acute. I checked with few local stores and they are out. One dealer said he may get me few Engelhard 100...

100 ounce silver bars shortage

Sat Sep 13, 2008 12:09AM

100 oz silver bars have disappeared. Presently no one is taking orders. With the price of silver sitting under $11 USD, the "bricks" all sold. You can't find 10 ounce bars either. And good luck getting a 1 oz...

Rental dispute letter

Wed Sep 3, 2008 04:09PM

Several readers were looking for a rental dispute letter. While this is not exactly our forte, we realized two things - there is virtually nothing resembling a rental dispute letter nor instruction on how to write one, and rental disputes...

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Bad Credit made Carnival of Personal Finance for Labor Day

Mon Sep 1, 2008 11:09AM

Under Plastic Utensils on Caveman's Carnival #168 ... ...

Bankruptcy attorneys and advice are in demand as bankruptcy filings are rising

Thu Aug 28, 2008 03:08PM

Bankruptcy attorneys are having a field day, or rather a year. The number of people and businesses seeking bankruptcy advice or heading to bankruptcy courts is very high. According to government figures released Wednesday, bankruptcy filings surged 29% in the...

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American Eagle Gold coins shortage - what's causing it?

Thu Aug 21, 2008 09:08PM

Temporary suspension According to Reuters and Yahoo, the U.S. Mint temporarily suspends sales of the American Eagle gold coins due to ... shortage. The news came from the coin dealers - the Mint told dealers in a memorandum it...

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Arizona payday loans stay legal

Mon Aug 18, 2008 03:08PM

Arizona payday loan industry will live to see at least another year to 18 months. Instead of banning payday loans completely, Arizona legislators had to settle for the Prop. 200 - the Payday Loan Reform Act, which voters will decide...

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Fannie Mae quarterly earnings and outlook spell disaster for home values

Tue Aug 12, 2008 08:08AM

I had always little belief in so called Wall Street analysts, and their forecast of Freddie Mac and Fannie Mae losses is simply laughable. So Fannie Mae lost cool $2.3 billions in quarter as defaults on Alt -A home loans,...

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Honda Finance making paying off early a bit complicated

Mon Aug 11, 2008 10:08PM

I have had very decent experience with Honda Financial Services, but several readers sent email in response about having some problems when they tried to pay off their installment loans with Honda Finance early. All reside in south-western states....

US dollar forecast is mixed

Mon Aug 4, 2008 08:08AM

US dollar is going to get stronger according to forecast by many economists. Based on following factors - likely slowdown in Europe, Federal Reserve raising interest rates, demographics and productivity, some say that the dollar is going higher for...

Honda Financial Services could be the best for 668 credit score

Wed Jul 30, 2008 12:07PM

Q: I want to buy a 2005 Acura TL but having issue with financing. My scores are 664, 668 and 691 and my credit history length is under 15 months. Few places I went to get approved are giving...

An incredible number of foreclosures

Mon Jul 28, 2008 12:07PM

A loan officer whom I've known for years sent around 2,500 letters to her old clients some 10-14 days ago, in effort to get at least some business going as times are truly horrendous for mortgage brokers. 11 people called...

Bad Credit Advisor on Carnival of Personal Finance #162

Mon Jul 21, 2008 06:07AM

Bad Credit Advisor recent article is under Credit section....

Dave Ramsey, Costco and Chinese made products

Tue Jul 15, 2008 12:07PM

I read The Costco Connection mag sometimes, since my wife is a Costco member, and who isn't these days? Under 'Starting right' section there are 5 "experts" including Ramsey, Tiffany Bukow of www.msmoney.com, Eric Tyson who wrote Personal Finance for...

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Free fall for housing market with no end in sight

Sun Jul 13, 2008 05:07PM

I was talking again with few people who are very enthused and simply itchy for housing to rebound. One is the realtor and two others rather heavily bought into few foreclosures and REO properties. Presently these two have been watching...

Will Indians return to gold in masses and when?

Sat Jul 12, 2008 10:07PM

The amount of gold people from India buy accounts for a very large percentage of world gold sales. Interestingly enough, in 2007 quite a number of Indian investors sold their gold to buy stocks, which of course was a...

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Buying foreclosures in this market? Not me ...

Fri Jul 11, 2008 04:07PM

I would not touch anything right now with 50-foot pole. Wait, make me a 150-foot one please. What you buy today for 70 cents on a dollar, you may be forced to sell tomorrow for 50 cents and so on....

Gold hits $964, $1,000 level to be tested soon

Fri Jul 11, 2008 03:07PM

You have to be quite foolish not to invest in gold, and I am not here to offend anyone. With the Federal reserve now promising more $$ to bail Fannie and Freddie, you can expect inflation skyrocket and $...

More financial pain to come

Sun Jun 29, 2008 11:06PM

On Thursday the DOW fell 358 points to close at a new low for the year and the NASDAQ dropped 80 points and the S&P 500 gave up 39 points. Then on Friday the DOW went down additional 107 points,...

The number of payday loan seekers has grown steadily

Thu May 29, 2008 12:05PM

Shows the state of economy and personal financial struggles. How do you think a person who makes $10 an hour and travels 15 miles or more one way to work gets by? Gas, food and mortgage/rent take what is left...

Does credit card 'authorized user' have any legal obligations

Wed Apr 30, 2008 04:04PM

Q: My ex was an authorized user on the MasterCard that belongs to my brother. He charged $1,700 on it and refuses to pay. Is there a way to force him pay? Being only an authorized user, he can...

Wage garnishment in North Dakota

Mon Apr 21, 2008 03:04PM

That is the second time in a week readers ask about wage garnishment, this time in North Dakota. The maximum part of an individual aggregate disposable earnings for the work week that is subject to garnishment in North Dakota...

Wage garnishment in Illinois

Fri Apr 18, 2008 02:04PM

Q: I live in Illinois and have judgement against me for $3,250. Can they go after my paychecks and garnish my wages? A: They sure do, according to Fair Debt Collection, in Illinois the maximum part of an individual's...

CitiMortgage playing games or it did lose files containing personal information

Thu Apr 10, 2008 12:04AM

CitiMortgage which is rumored to be bankrupt or on the verge, sent letters which are rather worrisome. Dear CitiMortgage Client: We are writing now to inform you that, during a routine shipment, a box containing your original loan file...

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Bankruptcy numbers increase - more people with bad credit

Wed Apr 2, 2008 07:04PM

Bankruptcy filings continued to increase in the second quarter of 2007, rising 7% to 210,449 from 193,641 in the first. Business bankruptcies rose by 6% to 6,705 from 6,280 in the first quarter and Chapter 11 filings increased by...

Fools rush in on April's fool day - gold and silver drops

Wed Apr 2, 2008 10:04AM

Yesterday on April's fool day, gold and silver prices went down the drain while dollar went up. While some of it can be addressed by market manipulation and margin calls, meaning traders who lost money on stocks had to...

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Stop foreclosure before it starts, before Notice of Default

Thu Mar 13, 2008 03:03PM

The best way to stop foreclosure is to prevent your mortgage holder sending you Notice of Default. Notice of Default is pretty much the beginning of end of your home ownership. Once you have defaulted 3 monthly mortgage payments...

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Stopping foreclosure - a tall order

Thu Mar 13, 2008 03:03PM

Stopping foreclosure is quite difficult task as, according to just released statistics, one out of every 557 households in the US has failed to stop foreclosure and is in some stage of foreclosure process. That is quite staggering, but...

High credit scores are more important than ever

Sat Mar 8, 2008 02:03PM

Times have never been better for home buyers and likely to get even better. The prices are steadily eroding and unsold homes are mounting. But to qualify for a home loan, especially if you are the first time home...

Filing bankruptcy after judgment

Wed Feb 20, 2008 10:02PM

You can file bankruptcy after judgment was made. Your bankruptcy attorney must file to have judgment vacated or dismissed after your discharge....

Vantage Score and FICO Score is

Mon Feb 4, 2008 11:02PM

on Superbowl of personal finance - under Tight Ends....

Everyday things get more expensive

Fri Jan 4, 2008 11:01AM

One of my clients just complained that it is getting rather tight to get by. In his own words, he has to pick and choose which Cognac to buy, because he can't afford to pay $40 per bottle once a...

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Mortgage rates freeze - a bad decision?

Thu Dec 6, 2007 01:12PM

The deal is imminent to on mortage rates on sub prime mortgages. Here are the details of this mortgage bailout. Why understandable on a personal level that loosing a home is not very pleasant, is this a solution or just...

DOW closed up 330 - example of irrational exuberance

Thu Nov 29, 2007 04:11AM

The second biggest 2-day gain in 5 years and the reason was ... the rate cut, evidently. Call me stupid and all those investors smart, but according to Mrs. Gump who was a very wise woman, stupid is as...

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Credit card debt will blow up

Thu Nov 8, 2007 11:11AM

There is no question the credit card debt will blow up, the only question is how soon and how bad. There is something close to $915 billions in U.S. credit card debt, most of which is held by Chase,...

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Yahoo!Finance experts advice, hahaha

Mon Jul 30, 2007 03:07PM

I am in a bashing mood, so I picked few articles from Yahoo!Finance experts, and decided to put 5 cents, literally, only 5. I often think that they just have to write to fill the space, so they put...

Knowledgeable accountant often means huge savings

Fri Jun 15, 2007 11:06AM

If you are self employed and making substantial amount of money, over $200,000 a year, selecting a sharp, knowledgeable and experienced accountant can make a huge difference. Sometimes tens of thousands of hard earned $$$ will stay in your...

Investing in real estate is still very risky

Fri Jun 8, 2007 02:06PM

Thinking of investing in real estate now with the prices low and with everyone telling you that the worst with housing market is over? These people are either in the state of denial, or on drugs. You may want...

IRA and 401k plans - are they bad or good or ugly?

Fri Jun 1, 2007 01:06PM

Can IRA and 401k accounts go bad? I received several emails with questions on what can go wrong with IRA and 401k accounts. I have a somewhat unusual angle on those retirement accounts, never mind bad stock market, bad fund...

Your house is destroyed - so is your home equity line of credit

Fri May 18, 2007 04:05PM

Interesting how many rely on the home equity line of credit as the last resort. Large number of homeowners keeps such lines of credit as an emergency lines, in case of loss of employment, for example. But what happens if...

Using 0% interest credit cards to fund your CD or saving account? It isn't worse the trouble

Tue May 8, 2007 02:05PM

Q: A friend recently told me about getting cash advance from his 12-months 0% interest credit card, and putting them into the 12 month CD which pays 6.5 percent. He put $12,000, and now looking for similar credit cards....

Get your personal finances in order - worse things to come?

Sun Mar 18, 2007 09:03AM

Dollar fell to 3-month low on sub prime news, and Mr. Greenspan said that weakness in the housing sector could spread into the broader economy. On Friday at some point, the dollar was at its lowest since early December, against...

Dow Jones falls on broken dreams - 11,000 level is possible!

Fri Mar 2, 2007 03:03PM

Investors became too confident again ... and lost. Some lessons are never learned. Where is Dow going now? Look at the Dow chart (2-year) and see yourself: the only established support area on the way down is around 11,000 levels....

Make money by staying away from the Stock Market - the biggest fraud of the 20th Century? A confession of the former day-trader

Sun Feb 4, 2007 01:02PM

A friend of mine was kind enough to share his 'investing in stocks' and day-trading experience. I find it useful and alerting for all of us, and here it is in a brief version. "Want to make money? I...

Save BIG and small - the things that you shouldn't do

Sat Jan 27, 2007 12:01AM

- don't lease the car because you can't afford buying it - you will waste a ton of money - don't get a 30 year fixed mortgage rate just because it is more secure - you likely sell in 3...

Getting rich slowly or die trying first

Wed Jan 24, 2007 12:01AM

When I came to this greatest country in 1989, someone whom I met on the way to Chicago, told me, he was thinking about getting a degree in Accounting. I was puzzled since I knew him as not exactly...

Dave Ramsey, bad debt, debt reduction - why I think Dave Ramsey makes no sense

Mon Jan 22, 2007 12:01PM

I haven't heard about Dave Ramsey, until recently when I read about him on few money and personal finance blogs. I went to his website, and that was a true revelation. Dave Ramsey sells tapes, CDs, training courses, books...

Earn 6% on your checking account from EverBank

Wed Jan 3, 2007 11:01PM

The FreeNet Checking Account from EverBank offers introductory 6.01% Annual Percentage Yield for the first 3 months after account opening. This is very nice, however, afterwards the interest paid will depend on the average collected daily balance, with APY...

Brick and mortar banks paying high interest

Fri Dec 15, 2006 11:12AM

Those of you who are leery of putting money to the virtual online saving accounts, like ing.com or etrade.com, can find similar if not better deals within few blocks from where you live. The only caveat is that account balance...

Home sales, gold price, interest rates, federal reserve.

Thu Nov 30, 2006 10:11AM

Three things have happened since I pitched buying gold coins in October when the price of one ounce of gold was $589. First the existing home sales report came out as rather bleak, showing the largest year-to-year drop on the...

Chase Freedom credit card

Fri Nov 24, 2006 11:11PM

Chase Freedom credit card has been introduced recently, and it comes with some nice features. Specifically, Chase Freedom gives 3% cash back for every dollar spent in participating groceries stores, gas stations and fast food joints. You can even...

"Hard landing" according to Countrywide is here, we think it is just a beginning

Thu Nov 16, 2006 01:11PM

According to what Countrywide Financial Corp. CEO Angelo Mozilo said at a Merrill Lynch & Co. conference in New York, the feared "hard landing" is already here, at least for the mortgage industry. We say that this is nothing...

Buy gold while gold price is still low

Thu Oct 12, 2006 10:10PM

The gold price is at $589 as I am writing, and I think this is a nice buying opportunity. My wife calls me Leprechaun, and even though I am not Irish, I like the comparison with the little green...

What is APR and how it differs from note rate?

Tue Oct 3, 2006 03:10PM

APR stands for Annual Percentage Rate, and reflects true annual cost of the money you borrow from a bank over full loan repayment period. Suppose you went to Wells Fargo and took 30 year mortgage for $100,000, with the...

Countrywide insiders selling and mortgage rates

Thu Sep 21, 2006 11:09AM

The fact that Federal Reserve and Mr. Ben Bernanke opted not to raise federal funds rate and leave it at 5.25%, gives us little comfort. That was expected, and the prime interest rate stays at 8.25% for now. You can...

New Minnesota law allows credit report freeze

Mon Aug 28, 2006 11:08AM

This law has been in effect since August 1st. Minnesota joins growing list of states that allowed their residents to impose credit report freeze. Any resident of Minnesota can freeze his or her personal credit report for any reason. Victims...

Selling your house when nothing is selling

Thu Aug 24, 2006 02:08PM

If you have large debt, or your mortgage terms have changed and new monthly payments are driving you into more debt, or whatever the reason is, and you absolutely have to sell your house, don't list it below what others...