Walking Away

Strategic defaulters more likely to be financially educated

People who engage in “strategic default,” purposely defaulting on a mortgage when it’s no longer worth the effort, may be more financially astute than other homeowners in default. A recent study indicates that strategic defaulters have higher credit scores than people who stick out a bad mortgage. However, there are not many people who engage
Payday Loans Get the Cash You Need Now

Payday Loans | Get the Cash You Need Now!

Apply HERE for Payday Loans Could You Use a Payday Loan? Have you recently had an unexpected bill that requires a payday loan? Personal Money Market is the place that can help get you back on track with an online payday loan from one of our top lenders. We work hard to help get you

Cash for Clunker Cribs

Toys R Us is getting in on the clunker craze If you’ve been wishing you could get a better crib, car seat, or stroller than the one you have now — without having to first go online and type “no fax payday loans no credit check” into your Google search bar — now is your
A “For Rent” sign.

Experian to include rental data in credit reports

Renters interested in rebuilding their credit scores now have another tool at their disposal, reports The Detroit News. The credit bureau Experian, which acquired the property management database company RentBureau last summer, will begin factoring rental history into credit scores. This move will help scores of consumers, but it may also hurt, experts say. Millions
bush tax cut deal favors passengers, not the driver

Bush tax cut deal: the more you earn the more you benefit

Coverage of the Bush tax cut deal proposed by the Obama administration this week has focused on tax cuts for the rich. But the tax compromise contains other provisions that would benefit ordinary Americans, depending on how well off they are. Economists are praising the deal as a stimulus package once thought impossible after the

Marital Help, Short Term Loans Have Something in Common

New ties between stress and money Do you wonder what short term loans and mental health have in common? So do most people, but the marital counseling field is saying, “Quite a bit.” It’s no secret that the recession has brought many couples to their knees in terms of financial stress. They are trying to

Economic indicators we should be worried about

Enjoy this unlucky top 7 We all want to hear good news; it’s human nature. Perhaps that’s what the Obama administration and current Federal Reserve leadership are playing off of as they paint a picture of America’s economy in real recovery. But the reality is that many things still could go wrong before we’re out
Piggy Bank

Getting good rates on personal loans

If you’re getting into the market for personal loans, there are a few things that can help you get the best personal loan rates. First thing in rates for personal loans is credit score Your credit score is one of the most important details about your financial life, and it is also significant when you

Money-Saving Tip Your Bank Doesn’t Want You to Know

APPLY HERE for an Instant Cash Advance Money for nothing In these difficult economic times, the average American family is forced to live paycheck to paycheck — if they are lucky enough to have jobs at all. When the U.S. government bailed out Wall Street, the major banks got huge cash infusions. Since then, major

JP Morgan Chase purchases multi-family loans from Citi

As a part of its goal of expanding its lending portfolio, JP Morgan Chase has purchased a loan portfolio from Citi. The deal is worth about $3.5 billion, and is a part of the $8 billion in troubled loans Citi has been selling to others. The purchased loans are practically guaranteed payday loans for JP
Photo of the Lamar Life building, located in Jackson, Miss.

Multiple Mississippi banks took bailout money, says Fed

The Associated Press reports that the Federal Reserve released a report in December that shed additional light on the banks that accepted bailout money – and how much each took. According to the Mississippi-based newspaper The Dispatch, three banks in that state received millions of dollars in Federal Reserve short term loans in order to
Photo of former Swiss banker and Wikileaks associated Rudolf Elmer.

Wikileaks Swiss bank data leads to arrest of Rudolf Elmer

Rudolf Elmer, 55, a former employee of the Swiss bank Julius Bär and associate of Wikileaks, has been taken into custody by Swiss police, reports Reuters. Elmer has been accused of helping Wikileaks by violating Swiss bank secrecy laws in order to obtain customer data for Wikileaks. A Zurich court had found Elmer guilty of
A mug shot of Charles Ponzi, the con artist who invented the financial pyramid scheme known as the Ponzi scheme.

Ken Starr arrested for perpetrating $30 million Ponzi scheme

Manhattan, New York investment adviser Ken Starr – not to be confused with the attorney made famous by the Bill Clinton-Monica Lewinsky scandal – is the latest shifty-eyed money man to get caught with his hand in the cookie jar. He has been arrested by federal authorities for allegedly brewing a $30 million Ponzi scheme,
Many lenders are willing to work with you.

Home Mortgage Loans Available For Everyone

Good timing Whether you are looking to secure a new home mortgage or refinance an existing mortgage loan, there may not be a better time than right now. Interest rates are at historic lows, and demands for a new mortgage loans are at new highs. While the economy is in recovery and new home sales
First Republic Bank

First Republic Bank Goes Independent

Bank of America agrees to sell Bank of America says it will sell First Republic Bank, but BofA assures the public that the purpose of the sale is not to meet the government’s capital requirements. The San Francisco Chronicle reports that in May the government ordered Bank of America to raise $34 billion after it

Futures Trading and SEC fighting Congress for funding

The Commodity Futures Trading Commission and Securities and Exchange Commission are supposed to be the financial police officers of the economy. The 2010 Dodd-Frank Act was meant to increase the power of these agencies to protect consumers and keep an eye on Wall Street. The funding to carry out these tasks, however, is caught in
Bank of America

Bank profits tumble as new laws for credit cards start working

New regulations for credit cards on how interest rates and fees can be assessed are working. However, some loan lenders are lamenting the new rules that require greater disclosure when changing terms with customers. Outlawing guerrilla-style fee and interest raises has led Bank of America and other companies to lose value from credit card units.