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Banks are not your friends
23.02.12
A woman passes a Bank of America office branch, in New York. Bank of America said Jan. 19, 2012, it made $2 billion in the last three months of 2011 from selling its stake in a Chinese bank and selling debt. Hamm argues that reducing your dependence on large financial institutions is important to your financial health.
Source: Christian Science Monitor
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Anglo's value: €680 million
Irish Times - Sep 04, 2011
The reason for the increase at September 2008, he said, was that he was unable to secure the “refinancing” that month because of the credit crunch. Dukes suggested to FitzPatrick that it appeared this refinancing was a manoeuvre designed to move the
What do interest-rate lows mean for borrowers?
Reuters - Aug 19, 2011
The best rates are going to be around 7.9 percent - even though for any other type of credit that would be a bad rate - and the average rate is between 14 and 15 percent. Car loans, however, are also expected to hit historic lows.
The No. 1 Problem With the Economy Right Now Is...
SecondAct - Aug 15, 2011
Create a net-worth report where you list all of your assets and liabilities -- everything from 401(k)s to IRAs to home equity for assets and credit cards, car loans and mortgages for liabilities. Your net worth is your starting point.
Gone to record
Boston Globe (blog) - Aug 23, 2011
I got a call last week from the closing attorney from my refinance from last year. He routinely confirms the discharges before closing his office file. He couldn't find our discharge. He got the Book and Page from the lender.
5 Solid Ways to Manage Debt Before or During Retirement
Morningstar.com - Aug 19, 2011
You know the old "good debt, bad debt" routine? Mortgages are OK; credit cards are not. It's actually more complicated than that. But if you have an effective debt-management plan, it will enhance