Car repairs are expensive, therefore it’s tempting to ignore them. Make no mistake about it, putting off or skipping certain repairs can be costly, dangerous, and even put you in debt. There are several car repairs you might be tempted to skip to save a little bit of money. Beware: that call could cost you [...]
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It’s hard to imagine, but someone with as much money as Michael Jackson still had debts! Average people aren’t the only one’s with debt. It is estimated that he owed in excess of $500 million. He was able to amass so much debt by leveraging assets he had acquired such as the copyright to 259 [...]
Today’s signing of a bill to protect consumers from cheap credit card practices is hopefully the beginning of debt relief for many Americans: WASHINGTON – President Barack Obama warned overeager shoppers and greedy credit card companies alike on Friday to act responsibly as he signed into law a bill designed to protect debt-ridden consumers from surprise charges. The White [...]
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It’s bad enough that many Americans have fallen into insurmountable credit card debt. The recent increases in interest rates for card holders has made things even worse. Not only did many of these banks get millions (or billions) in tax payers dollars, but they’re hitting consumers with fees and skyrocketing interest charges to boot. A [...]
The global financial crisis. Around the world stock markets have fallen, large financial institutions have collapsed or been bought out, and governments in even the wealthiest nations have had to come up with rescue packages to bail out their financial systems. A global financial meltdown can, and will affect the livelihoods of almost everyone in [...]
The news isn’t getting much better in the financial sector. What does the future hold for Americans and the world? With the domestic and world markets struggling, and with new bad news on the economy arriving by the day, it’s no wonder that 60% of Americans believe a depression is “likely.” Today from Yahoo!Finance see below: NEW [...]
The Obama administration kicked off a new program today that’s designed to help up to 9 million borrowers stay in their homes through refinanced mortgages or loans that are modified to lower monthly payments. Also today as reported by Reuters, 20% of homeowners owe more than their property is worth. Another grave statistic to add [...]
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Today the Dow Jones experienced its first drop below 7,000 in more than 11 years. Just what kind of indicator is the stock market on the state of the economy? The following article published today by The Wall Street Journal explains: During the 1990s, the U.S. stock market’s ability to predict the economy was believed [...]
If you are looking for answers from President Barack Obama regarding the state of the economy, tune in tonight. His televised speech to Congress should give us an indication of just how much he is changing the way things are done in Washington. WASHINGTON – Barreling ahead on a mammoth agenda, Barack Obama is ready to offer [...]
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If you are in the market for a new home, now is the time to lock in a record low interest rate on your mortgage. NEW YORK (Reuters) – Interest rates on standard U.S. 30-year mortgages dropped in the latest week to levels just shy of record lows as concerns of a deepening recession boosted [...]
