Consumer Debt
« Previous EntriesAmericans Are Back to Borrowing…
Wednesday, February 8th, 2012From today’s WSJ: Household borrowing through credit cards, car loans, student loans and other installment debt—which excludes mortgages—rose at a seasonally adjusted 9.3% annual rate in December, following a 9.9% rise in November, the Fed said Tuesday. That was the biggest two-month surge since late 2001, when auto makers rolled out zero-percent financing after the [...]
Refund Anticipation Loans
Monday, January 30th, 2012Every day on the way home, we pass the Liberty Tax Statue of Liberty waving at us. I never have quite figured out why the Statue of Liberty wants me to do my taxes, but I get the idea that they want me to come in and find out. The last time we passed them, [...]
Today’s Funny: Debt Collectors Want a Little R-E-S-P-E-C-T
Monday, June 13th, 2011What a tough job… Debt Collectors Ask to Be Paid a Little Respect
Meet Mr. Shah…
Friday, March 11th, 2011I wanted to highlight this story that was included in the article I mentioned in my previous post. Morari Shah, a 59-year-old Miami entrepreneur and real-estate investor, is among those taking a radical approach to reducing debts. Since late 2008, he and his wife have slashed their total debt from nearly $1 million to zero [...]
“Beauty Matters in Life and Loans…”
Wednesday, December 29th, 2010I’m working my way through Meir Statman’s interesting book, What Investors Really Want: Know What Drives Investor Behavior and Make Smarter Financial Decisions. In chapter three of the book, the author makes the following statement: Beauty matters in life and loans alike. Beautiful applicants are more likely to get loans and pay lower interest rates [...]
20 Keys for Successfully Negotiating Your Way Out of Debt
Wednesday, August 25th, 2010This afternoon I received a very interesting and timely book, The Road Out of Debt: Bankruptcy and Other Solutions to Your Financial Problems*, by Joan Feeney and Theodore Connolly. This book is a great resource for anyone dealing with debt. Chapter 2 offers up 20 Keys to Successful Negotiating with Creditors along with a few [...]
Banks Getting Back Into Risky Lending?
Thursday, July 15th, 2010From today’s WSJ: Shirley Davis, a 66-year-old retired phone-company administrator who lives in Brooklyn, N.Y., is more than $33,000 in debt, earns just $2,414 a month and filed for bankruptcy in June. Shortly before that, she ripped open an envelope from Capital One Financial Corp., which pitched her a credit card even though it sued [...]
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