loans

Is your credit score suffering without your knowledge?

Posted 5 weeks 6 days ago by Andrea Dickson

Credit card companies are tricky little jerks during the best of times. But now, with a lousy economic forecast and limited access to funds that can be loaned to consumers, banks and credit cards are looking for ways to reduce the amount of debt that they hold. Your credit line might be at risk. Here's a good reason to actually read your mail.

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What's the Best Way to Get out of Debt?

Posted 36 weeks 1 day ago by Linsey Knerl

Personal Finance, Credit Cards

Debt is the hottest topic on personal finance blogs around the world. Why? I would venture to guess it is because so many people are drowning in it. The unfortunate truth is that few people care to read about debt until it has already had a negative affect on their financial situation. This can make the final solution to their debt problems even more difficult to hear about.

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They used to call it "loan workout"

Posted 1 year 2 days ago by Philip Brewer

Personal Finance

It has never been unusual for borrowers to run into difficulty, and sometimes it becomes clear that a loan will never be repaid in full. The lender's job then is to recover as much money as possible. Because foreclosures are expensive and the eventual recovery is uncertain, it's often a better bet for the lender to restructure the loan--settling for less than they are owed, but more than they'd get in a foreclosure. One of things that has made the subprime debacle go from bad to worse is that loan workout is much tougher when loans are securitized--sold, packaged, diced up, and sold again.

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Share the love!

Posted 1 year ago by Sarah Winfrey

Filed Under: Investment

Street market

This Valentine's Day, share the love around the world!

Kiva.org allows anyone with at least $25 dollars to spare to provide a loan to an entrepreneur in the developing world. These entrepreneurs are pre-screened by organizations in the developing country, which means that the recipients of the loans are known to be hard-working, honest people who need (what seems to us) a little extra money to improve their business.

Continue reading "Share the love!"

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