Archive for November 21st, 2008
Thankfully loan modifications are up!! Unfortunately there are no golden standards. Luck and who the servicing agent is plays a tremendous role in how the modifications are made and what they are based on.
I encouragage readers to comment or link to relevant blogs addressing ways to modify loans and helpful hints, etc….
Popular modification options include:
Lower [...]
The WSJ yesterday highlighted changes in credit card terms that I have been speaking of for weeks. Terms are getting very difficult for the typical user of credit.
The following summarizes some of the changes highlighted.
American Express: Raising rates and fees for advances, purchases, late payments and defaults.
Bank of America: Lowing credit lines and closing accounts [...]
Latest Small Business and Personal Finance Information- No deal on estate tax
- A dead novelist's cutting-edge biz advice
- Want jobs? Import entrepreneurs
- Another $1 billion in credit vanishes
- A solar startup saves energy and cash
- Returning a gift gets costly
- How Much Is a College Degree Worth?
- The wide world of index funds
- Weaker dollar, stronger returns
- More Borrowers Drawn to 15-Year Mortgage
- Entrepreneurs who keep their cool
- Cleaning up a retirement mess
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