Everyone needs to be very wary of doing business with Advanta. This month my interest rate was increased from 11.99% to 25.39%. When I questioned why this was since I was an excellent customer and have excellent credit, I received the following reply. It seems now it doesn’t matter how good you are at paying [...]
eventually everyone will have a college education not necessarily a degree. With the US economy collapsing a lot of jobs that required a masters degree or more more will either be lost or not pay as well. They'll just end up hiring people who have experience but not the education who are willing to take [...]
I'm 25, and I seriously considering buying my first property. I had some money in my Roth IRA that I was going to use for a down payment, but after reviewing the guidelines further I realized the money would have to be in there for at least 5 years for me not to incur any [...]
Obama’s community organizer colleagues in the Association of Community Organizations for Reform Now (ACORN) have organized us right into the current financial crisis by using frivolous lawsuits and strong-arm tactics to force lenders into making sub-prime loans and Fannie Mae to buy up the bad loans. Community organizers intimidate banks into making high-risk loans to [...]
currently have 9 yrs left on a 15 yr mortgage. approx 120-130K in equity on home. should I sell and roll over proceeds at new location or keep it as a rental and take home equity loan or cashout for down payment on new home at new location. Not sure how long will stay at [...]
We have mortgage on the condo we live in that is worth now what we owe on it.. maybe a little less. Our dilemma is whether or not to sell or stick it out. We have student loans and high credit card balances. In addition we have a prepayment penalty for one more year if [...]
I just bought a new Mitsubishi earlier this month. I bought the car at dealer invoice at 0% APR for 5 years. Mitsubishi Motors, I thought, would be servicing the loan. Not two weeks later I received a cordial notice that my auto loan was purchased by Merrill Lynch. I am aware that loans of [...]
The computer says: “Why Is My Score 828? 1. The time since your most recent account opening is very recent Research shows that consumers who have recently opened new credit accounts are slightly more likely to miss payments than those who have not. This is not an especially strong risk factor, and therefore usually means [...]
I see the argument a lot, especially in places like Yahoo Answers and blogs but I have never really seen it backed up with examples or evidence. I can only assume that people are referring to the wars in Iraq and Afghanistan and our current economic status. I just want to give some perspective that [...]
If you think Bush caused our economic crisis then have you read this article put out by the New York Time article? Fannie Mae Eases Credit To Aid Mortgage Lending By STEVEN A. HOLMES Published: September 30, 1999 In a move that could help increase home ownership rates among minorities and low-income consumers, theFannie Mae [...]