The US Comptroller of the Currency (OCC) recently discovered that 53% of borrowers who had their mortgages refinanced in the first half of 2008 were a minimum of 2 months overdue in payments again. 60% of the outstanding primary mortgages is covered by their report. An article about this is written on CNN Money. NEW [...]
Archive for December, 2008
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Avoiding Holiday Debt
December 22nd, 2008 
Elisheva Wiriaatmadja Did you know that every year, $121.4 billion is spent using credit cards from the time between Thanksgiving to Christmas? Chances are that you too are one of those people. If you are, do not let yourself get buried by this holiday debt or get yourself to spend the next months paying off all your [...]
Personal Money Management
December 22nd, 2008 Elisheva Wiriaatmadja A lot of people know how to make money. But when they have all the money, they fail to manage their finances and end up in an unnecessary financial turmoil. Here is a money story on video that I found on YouTube. Interesting to watch.
4 Changes To A Successful Debt Consolidation Program
December 22nd, 2008 Mike Dammann The moment you got yourself into financial turmoil until you come to the point of needing a debt consolidation company to help you out, there are some changes in your life that has to be done to help you restore your financial situation. These changes are necessary both during and after completing your debt consolidation [...]
How To Accelerate Your Mortgage Pay Off
December 21st, 2008 Elisheva Wiriaatmadja Most people believe that they are required to pay their mortgage for 30 years of more. But the fact is that there is a way to help the average mortgage holder. A reduction calculator will help you with interest reduction and in the end help you pay off your mortgage earlier than scheduled. Your mortgage [...]
Applying for Student Government Grant
December 19th, 2008 Elisheva Wiriaatmadja Many people do not know that there actually are programs to help you pay for your education in college. Unlike the common student loans offered by banks, these government grants do not require you to repay the money that they had given you to pay for college education. In fact there government grants program for [...]
Choosing Student Loans You Need Not Repay
December 19th, 2008 Elisheva Wiriaatmadja If you are about to become a student or a parent worrying about how to pay for future college expenses, your first stop to look for college funding should not be the bank. For your information, there are actually student loans available to college students that don’t need to be repaid. They are federal programs [...]
Why Home Equity Loan Rates Are Low
December 18th, 2008 Elisheva Wiriaatmadja I found this interesting article on home equity loan rates. If you are deep in debt and are thinking of consolidating your debt, applying for home equity loan may be one option for you. The rates are quite low. But failure in repaying your loan will result in you losing your home. The author of [...]
Money as Debt (CBS 1/5)
December 18th, 2008 Elisheva Wiriaatmadja Here is an interesting video on what money is and where exactly money comes from. This is the Part 1/5 of the “Corrupt Banking System” series.
6 Facts of Debt Consolidation
December 18th, 2008 Elisheva Wiriaatmadja Over the past 20 years, the debt consolidation industry has soared and increased significantly. If you are so completely overwhelmed in debt and are considering bankruptcy, you may want to look into debt consolidation as a better option. Debt consolidation allows you to pool all of your smaller and individual debts into a larger ‘consolidation [...]
