During the housing boom, many banks devised “creative” loans allowing people to borrow money with no down payment and pay low interest rates for the first few years on adjustable mortgages. Now, as interest rates reset higher, more borrowers are missing payments stressing the lender’s books. Remember my article from a month ago – Subprime [...]
Free Auto Loan Tips The following tips should help increase your chances of getting a car loan at a better rate. Tip #1 – If you just started a job (recently graduated from college) then wait 6 months to apply for your car loan. Tip #2 – If you have currently have bad credit then [...]
Although tax strategy considerations should not be the dominant factor in the investment decision making process, neither should they be ignored. Every investment decision has tax consequences so why not make the most of them? After all, we don’t make the rules, but we do have to play by them. Why not, if given the [...]
The Bankruptcy Abuse and Consumer Protection Act was passed in early 2005 with the overwhelming support of the President, both houses of Congress and the major credit card companies. The law, which created sweeping changes in American bankruptcy law, was passed in order to reduce the possibility that consumers with heavy debts might avoid choose [...]