Tag Archives: economy
- Would it Be Better For Banks to Lend With More Care or Lend With Abandon?
I was reading It’s Official: You Can’t Blame Banks For Not Lending Anymore and the statement was made: There’s also the possibility that, while there is less of a demand for new debt, banks are also on the brink of tightening lending standards again, worried about new capital requirements from the Fed and Basel III. [...]
- People Screwing Themselves Out of Their Own Jobs. The Miracles of Capitalism.
Under what has to be classified as the irony of capitalism, American consumers are doing more to prevent themselves from kickstarting a robust economy. Look, I’m all about getting out of debt and enjoying a life worth living, and this recent piece by Ben Stein was awesome to talk about a life worth living. Get [...]
- Daniel Writes In – “How Can I Get Out of Credit Card Debt?”
Daniel says, “I’ve been buried in credit card debt and it feels like I make payments each month and instead of things going down, things go up. My interest rates recently went up even though I have not missed a payment or paid late. Another one of my MasterCard’s just lowered my limit a lot. [...]
- Rebecca And Her Husband Are Struggling to Keep The Business Going
“Dear Steve, My husband and I own our own business but have been struggling lately. I work a 9-5 job while he stays at home to run the business. We owe a lot of debt in credit cards from working to get the business up and going – and we’re just a few hundred dollars [...]
- America’s 35 Hardest Economically Hit Cities
Nice infographic from BillShrink that helps to show the hardest hit American cities during this economic crunch. @GetOutOfDebtGuy
- If You Live In The Real America, Be Patriotic. Go Shopping And Run Up Credit Card Debt.
Have you heard the stories that the government wants us to get out and go shopping to stimulate the economy? Remember after 9/11 when President Bush encouraged people to go shopping to get things moving again? Well I think the patriotic shopping argument may have gone too far now with Discover flying their American flag [...]
- Lower Your Car Payment. Skip It, Lower Your Interest Rate and Get Cash Back
Here is a little financial tip that I’ve used in the past but I keep forgetting about. Refinancing an existing auto loan to lower interest rates and monthly payments. I just got an email that a client was instantly approved for an auto loan refi and that’s good news. You see when this particular person [...]
- A Sign I Passed That Best Sums Up The Economy
So I was on the final leg of my last motorcycle trip. This time heading back at the end of a 1,800 miles on the road. I’m tired, not feeling well and it is early in the morning but I see the sign below and I just had to turn back around to get a [...]
- So What If GM Goes Bust. Let’s Just Hope You Don’t Own a New GM Vehicle.
There is more to worry about if GM goes bust. Sure, nobody likes yet another bailout but the repercussions in job losses will rocket through not only the car company but all the suppliers, local economies, GM dealers, and so much more. But here is a subject that I have not heard talked about. If [...]
- How to Talk to Your Children About Your Financial Problems
I came across this article below, purely by accident, but then again maybe it was more of a divine on purpose? Who knows. Talking to your kids about debt when you are living though problems has always been something I feel is very important. from wikiHow – The How to Manual That You Can Edit [...]
- As Economy Slows, Lenders Begin to Curb Credit Cards
As Economy Slows, Lenders Begin to Curb Credit Cards New York Times, United States - 2 hours ago Currently, the total losses amount to 5.5 percent of credit card debt outstanding, and could surpass the 7.9 percent that occurred after the technology …
- In this economy, layaway is in vogue
In this economy, layaway is in vogue Tampabay.com, FL - 2 hours ago Consumer credit is getting tighter at a time when rising joblessness, foreclosures and prices make it harder to pay off credit card debt . …
- Which Presidential Candidate Is Better For Debtors? Personal Finnance Bloggers Question of The Week.
This weeks personal finance brain trust question was: Which U.S. presidential candidate will most likely do more to help debtors and/or reform current bankruptcy regulations? Feel free to elaborate. WC – A 27-year-old writer living in Chicago and writing about personal finance through The Writer’s Coin. This question seems like a veiled attempt at asking [...]
- I Couldn’t Help Myself, I Had to Look At The Local Foreclosures
I just wrote an article about the really high foreclosure rates as reported by RealtyTrac. That really got me thinking about foreclosures in my area so I went to RealtyTrac to find my local foreclosures, and there were a lot more than even I expected, and the economy around me isn’t bad! If you want [...]
- Crys Writes In And Asks “We’ve Been to Credit Counseling But Should We File For Bankruptcy?”
“Dear Steve Hi! I am a piano teacher, and due the bad economy have very few students, even though I am used to having plenty. We just moved because we could no longer afford where we lived. We gave up our house in a deed in lieu of foreclosure. My husband took a cut in [...]