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...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...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...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...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...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,...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...Helpful Links
Recent Entries
- More financial pain to come
- The number of payday loan seekers has grown steadily
- Does credit card 'authorized user' have any legal obligations
- Wage garnishment in North Dakota
- Wage garnishment in Illinois
- CitiMortgage playing games or it did lose files containing personal information
- Bankruptcy numbers increase - more people with bad credit
- Fools rush in on April's fool day - gold and silver drops
- Stop foreclosure before it starts, before Notice of Default
- Stopping foreclosure - a tall order
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