Back to The Buying Power of Low Rates

Interest rates are at historic lows. We hear this in the news everyday, but what does it really mean?

Filed under: Buying, Commentary, Current Mortgage Rates, Economy, Mortgage Rates, Real Estate Market, VRN | No Comments »

Starting June 1, 2010 Fannie Mae is going to implement some changes to their underwriting process. Most of them are minor and will not have any impact, but the one that MAY change things is the lenders will be pulling a NEW credit report prior to ordering loan documents and/or closing.

Filed under: Credit, Credit Cards, Current Events, Finance, VRN | No Comments »

She was startled by what happened next. When she swiped her debit card at the grocery store, it was declined. It turned out Capital One Bank had taken $224.25 from her paycheck, a quarter of her wages for two weeks of work at a retail chain, and her bank account was overdrawn.

Filed under: Credit, Credit Cards, VRN | No Comments »

LifeLock provides a proactive identity theft service, specializing in the prevention of identity theft rather than the reporting of it. LifeLock was founded in 2005 and is already considered the industry leader. Lock down your private information.

Filed under: Credit, Disaster Preparedness, Identity Theft, Technology, VRN | No Comments »

ANY AMOUNTS YOU PAY OVER THE MINIMUM PAYMENT WILL NOW BE USED TO PAY DOWN YOUR BALANCES WITH THE HIGHEST ANNUAL PERCENTAGE RATE.

Filed under: Credit Cards, Current Events, Economy, VRN | No Comments »

How about Congress and the Administration, using part of the $787B Stimulus money, negotiate consumer debt down with credit card banks by paying them pennies on the dollar with our tax dollars instead of giving banks money to lower our credit limits, raise our rates and penalize us? Save credit revolvers which are most Americans [...]

Filed under: Credit Cards, Economy | 1 Comment »

Three men have been indicted in what the Department of Justice is calling it the single largest hacking and identity theft case ever prosecuted. Albert Gonzalez and two other unnamed individuals hacked the computer systems of several large corporations, accessing the debit and credit card information stored on their databases.

Filed under: Credit, Credit Cards, Current Events, Identity Theft | No Comments »

Our President gives Our tax payer dollars to ‘save’ banks who 1) don’t want the Federal intrusion and 2) these plutocrats end up ruining the credit rating that they decided consumers were entitled to by raising our APRs, lowering credit limits and increasing minimum payments, penalties & fees. Hardly stimulation. I thought Larry Summers was [...]

Filed under: Commentary, Humor, LA Area, Money-Saving, Real Estate Market | No Comments »