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Archive for the ‘Personal Finance’ Category
How the Finance Bill Affects Consumers
For consumers trying to figure out what the financial overhaul bill means for them, the legislation the Senate passed Thursday offers some tantalizing possibilities.
Merchants might offer more discounts to people who pay cash. You could get a free credit score every time a lender or landlord penalizes you with a lousy interest rate or rejects [...]
Consumer debt is not your friend
Here’s a simple MBA lesson: borrow money to buy things that go up in value. Borrow money if it improves your productivity and makes you more money. Leverage multiplies the power of your business because with leverage, every dollar you make in profit is multiplied.
That’s very different from the consumer version of this lesson: borrow [...]
Posted in Credit Cards, Debt Management, Personal Finance 
Tags: Consumer debt, Debt Management 
No Comments »Personal Bankruptcies Hit a High and May Keep Rising
In the fourth-floor courtroom of the U.S. Bankruptcy Court of the Southern District of California, which serves San Diego and Imperial counties (pop. 3.4 million), Chief Judge Peter W. Bowie’s docket is overflowing. Bowie has 77 Chapter 13 bankruptcies on his Tuesday calendar, one of which is the case of Juan Flores.
Flores, 55, is the [...]
Eliminating ‘He Said, She Said’ on Loan Modifications
WHEN it comes to home mortgage modifications, everyone seems to have a complaint.
Borrowers accuse mortgage servicers, which process the paperwork, of often losing important documents like pay stubs and bank statements. Servicers assert that the borrowers fail to submit certain papers and claim that they did, or submit the wrong ones.
Now, an industry group is [...]
Posted in Personal Finance Tags: Home mortgage modifications, Loan modifications, Mortgage, Real Estate No Comments »Top-paying jobs in the U.S.
Anesthesiologists take home a median $292,000 salary annually. What other great careers from Money and PayScale.com’s list of Best Jobs in America offer big paychecks?
Read more at: CNN Money
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{Photography by Syl2m}
Steep Losses Pose Crisis for Pensions
Two Bad Choices for Funds: Cut Benefits Or Take Greater Risks to Rebuild Assets
The financial crisis has blown a hole in the rosy forecasts of pension funds that cover teachers, police officers and other government employees, casting into doubt as never before whether these public systems will be able to keep their promises to future [...]
Using A CARS Rebate? Know Your Rights First
Jim decided to take advantage of the Cash For Clunkers program and trade his Crown Victoria in on something a little more fuel-efficient. Unfortunately, the dealership where he bought the car wasn’t quite ready to handle one of the most frightening of all creatures: an informed consumer. They counted on their customers to not fully [...]
Posted in Personal Finance Tags: Budgeting, CARS.gov, Cash for Clunkers, Saving Money, TipLine No Comments »Top 10 Recession-Related Scams
Learn to Recognize the Scams and Share Them With Vulnerable Friends and Relatives
The National Consumers League is warning that recession-related scams continue to flourish, as desperate consumers look for ways to make a buck.
The most worrisome schemes are those that promise people an easy way to make some extra money. NCL says the [...]
