Banks and debt In an effort to find new customers, banks are aiming to help with a big public concern: debt relief. TD Bank, located on the East Coast, hosted a free pizza night for potential customers. Citizens Bank has promised to give new customers $1,000 if they are saving for their children’s college fund.
Consumer lending — loans lent to individuals — has been slow to recover from a two-year lull. Loans such as mortgages, auto loans, home equity lines of credit and personal loans aren’t impossible to get but are harder to get approved for. Banks are loathe to repeat mistakes that made them run for government cover.
Economic recovery Analysts are showing that some cities are closer to economic recovery than others, offering quicker debt relief to their populations. Overall, economists were anticipating national recovery to begin as early as summer of 2009, but definitely by the end of the year. They are noting some cities poised on recovery, while others are
Allowing foreclosure on purpose Many people have reasons for wanting to stay in their home, regardless of how much they’re paying. People don’t want to uproot their families or don’t want to go through the hassle of moving. However, some people are so fed up with the housing market that they’re willing to allow their
The Importance of State Tax Revenue Collection to the Economic Health of the Country A general increase of state tax revenue collection is often used as a gauge to measure the health of the economy, specifically economic growth, mainly because the national and local economic drivers have to be in place to make it possible.
Economic volatility is a distress signal that is constantly being emitted from the global financial sector. During times of economic uncertainty, attention tends to gravitate towards businesses that thrive even in an environment marked by widespread economic turmoil. Why is a certain business sector doing so well when others are struggling to survive? This question
Lender matching services like Personal Money Store and lenders that offer payday loans online and in storefronts advertise small, short-term loans as a quick fix to temporary financial difficulties. After a short application process, approved consumers are able to receive the money inside of the store within a few hours or have it deposited into
There is hardly any category of the finance industry that has not carved out a niche for itself on the Internet. This especially holds true for the payday lending industry, which has come a long way from being an add-on service at check-cashing establishments and has continued to perform well during the recent recession. In
Let’s say certain consumer advocate groups got their way; what would the effects of a payday loan ban be? Certain demographics would lack access to credit (though some assert harmful credit), or would use potentially worse forms, among other potential effects. First effects of payday loan ban are denying supply, not demand The primary effects
Need a Fast Cash Advance and Have Bad Credit? First off, what is bad credit? Bad credit typically refers to your credit rating from one of the major credit rating agencies. Bad credit can be the result of making bill payments late, never paying, having liens and bankruptcies. These are just a few of the
“Endurance is patience concentrated.” – Thomas Carlyle Katie Spotz, 22, knows something about endurance. After 2,817 miles of rowing across the Atlantic Ocean, she endured all that the elements and her body could throw at her. Now she is the youngest person ever to row across an ocean solo. Her 70-day, five-hour, 22-minute journey from
Coming Sunday, Dec. 5, Verizon Wireless will launch its 4G network. This fourth-generation network technology, called LTE, promises to offer near-broadband speeds. The Verizon 4G network is being rolled out without any phones that support the technology, meaning people must wait until January to get a full hands-on experience. Verizon 4G LTE technology The Verizon
Be a happy hippo Online-based no fax payday loans and easy payday loans connection site Personal Money Market is on a mission to be the only Web site that potential clients keep in mind when they’re in need of fast payday loans, payday cash loans, bad credit payday loans or other kinds of short term
The functions of personal finance and high corporate finance are different, but believe it or not, the two are not completely dissimilar. The companies which need some guaranteed loans at some time, or at least a line of credit in case they need a short term loan are some of the biggest names out there.
Europe’s debt crisis is endangering U.S. economic recovery in the era of globalization. The Euro hit a new four-year low against the dollar Monday. Greece, Spain, Portugal, Italy and Ireland are dragging down the European Union faster than a recent pledge of nearly $1 trillion dollars in bailout money can prop the alliance up. Britain’s
The U.S. House and Senate will start on refining mortgage legislation Tuesday. The legislation would enforce the biggest overhaul to mortgage lending rules in decades. The mortgage legislation, part of the financial reform bill, is intended to end the risky lending practices blamed for causing the financial crisis. Mortgage industry lobbyists are working overtime to
Cape Wind has been one of the most hotly debated renewable power projects in the country. Now that Cape Wind has been approved by the U.S. Department of the Interior, the debate is getting even more frantic. If Cape Wind is built, it will be the first-ever U.S. offshore wind development and would be able