The Credit You Deserve

Borrowing money and where to borrow it from can be a touchy subject sometimes, but we, like a lot of people, have had to borrow before. Yes there are some places "won't name any names here" that we have borrowed from and it was a joke. They charged us way too much. With that said, there is a site www.cashloancity.com that drifts through the good and bad and finds the best for you. We trusted the site for a $200 loan the other day and I'm glad we did. We will be back when we need it.

While I'm at it, let's mention Bush and now how he is now SORRY. He is a moron. It was published in Newsweek that the WMD was an impossibility. That was long before Bush went in. Can't Bush read Newsweek? Maybe he can't read.

Maybe the banks should have been more careful to begin with. And none of this crap that the government made them do it. Now they go from one extreme to the next, only hurting the responsible people both times. They deserve to have their asses kicked and I'm going to be the first in line to kick their ass. Bush included.

I will start it with an example as in you may be out of school, but that doesn???t mean you???re free from report cards. In fact, if you want to buy a house, or any other big-ticket item, a lender will look up your ???grade??? as soon as you come knocking. That grade is your <a href="http://www.creditmagic.org/knowledgebank/credit-scoring.html">Credit Score</a>.


There are many varieties of credit scores available to lenders. But the most widely used for large loans are FICO scores, which are based on a scoring system developed by Fair, Isaac & Co. Following are five things you can do to boost your creditworthiness, plus more information on obtaining your personal score.
1.) Review your reports from all three credit bureaus for accuracy once a year as well as several months before applying for a loan.

2.) Paying your bills on time is always a good practice, and it???s especially critical that you make prompt payments close to the time you need a loan.

3.) A heavily weighted factor in your FICO score is how much money you owe on your credit cards relative to your total credit limit. Generally, it???s good to keep your balances at or below 25 percent of your credit card limit

4.) Pay off debt rather than moving it around i.e. since the ratio of your credit card balance to your credit limit is key, closing out an account and transferring the balance simply means you increase that ratio, which is likely to lower your score.

5.) Don???t close unused credit card accounts near loan time.

For more information please visit this site: http://www.creditmagic.org.

Today, I checked with all three credit agencies to see what my credit "score" was. It is different at all three but all were over 720. Still, I cannot for the life of me find someone who is willing to give me a "balance transfer" card. I just want to transfer one high balance credit card to one with a lower interest rate. You work your a$$ off to keep your credit perfect, and still you cannot get the credit you need. Does anyone have any suggestions? Please try to be nice. Thank you.

What's 700 Billion divided by the population of the U.S?

How about a story on Biden's long standing relationship to the credit card industry, the stalled credit card reform bill, passed by house but dead in the Senate, where Biden "works." (And opposed by Bush. Idiot)

A man of great wisdom:
http://www.atlah.org/broadcast/manningreport.html

If the govt can't afford national health care at 9 billion, why would they even think of spending 700 billion bailing out Wall Street. Tell your representitives if they vote 'yes' on the bailout, you will vote them out of office. This is a serious blow to the american people, to the top 5% of americans richer. Shame

A Proposal to Resolve the Fannie Mae and Freddie Mac Financial Fiasco

In order to solve what has been termed the financial crisis, it is necessary to identify the cause of Fannie Mae???s and Freddie Mac???s catastrophic failure.

The cause of their downfall is the partisan democrat pressure put on those companies to grant sub prime mortgages to persons who would be unable to repay those loans.

The democrat senators and representatives, who mandated that financial background checks be considered unnecessary and unwarranted, facilitated that irresponsible granting of mortgages to those unable to repay. The motive of the democrat members of Congress was strictly and blatantly partisan - to buy votes, and to maintain years of party support.

In 2005, John McCain co-authored a bill to investigate and regulate the faulty business practices of Fannie Mae and Freddie Mac, but that was opposed and defeated by the democrats in Congress.

On many occasions, President George W. Bush introduced proposals to regulate the mortgage lending companies, but those calls for regulation were opposed, obstructed, and defeated by democrats who were obsessed with the continuance of faulty lending practices.

In order to reform the financial sector, it is necessary that the sleazy politicians and top administration of those 2 mortgage companies who perpetrated fraudulent activity be publicly identified, investigated, and severely punished for their undermining the national economy.

It is only reasonable to expose the corrupt financial practices and their facilitators, and to remove them from any further activity, before any effort can be made to resurrect the American economy.
Otherwise, any attempt to do so will be useless, because the problems and perpetrators would still be present to frustrate and obstruct any meaningful remedial action.

Continued - A Proposal to Resolve the Fannie Mae and Freddie Mac Financial Fiasco

The first step toward economic recovery would be to isolate all sub prime mortgages from the assets of Fanny Mae and Freddie Mac, and to group the remaining viable ones into several stock options to be offered for sale to the public, and also as a bailout measure.

That would result in an immediate infusion of cash into the banking sector, thereby ensuring that credit could be granted to qualifying loan applicants.

Individuals or organizations who choose to buy those stock options should benefit additionally from any profits later realized by their investments.

Also, any profits resulting from the bailout option should be refunded to the INCOME TAX PAYERS only, since they would be the ones who would have financed the bailout.

Likewise, but separately, the various questionable sub prime mortgages should be bundled together into other stock options which would be structured to contain a mixture of both somewhat and less redeemable loans.

Those sub prime mortgage packages should be offered first to democrats, especially wealthy ones, who might be attracted to them by their being valued at a price of 80 cents on the dollar, based on the face value of the mortgages.
.
That would afford them the option to support what democrats viewed to be a noble cause (home ownership for the unemployed), and besides, it might enable the stock option buyers to profit by 20 percent if all of the sub prime mortgages would be somehow repaid by the homeowners.

Thus democrats, especially the likes of George Soros, Barack Obama, Ted Kennedy, Chris Dodd, Nancy Pelosi, Harry Reid, and Charlie Schumer (who supported the granting of sub prime mortgages irrespective of demonstrated ability to repay) would be able to ???put their money where their mouths are???!

Lastly, there should be a guarantee that no further sub prime mortgages be granted.
Home ownership is a GOAL for many financially responsible Americans - it is not a government sponsored RIGHT for all persons living legally and illegally in the US!

Continued - A Proposal to Resolve the Fannie Mae and Freddie Mac Financial Fiasco

The first step toward economic recovery would be to isolate all sub prime mortgages from the assets of Fanny Mae and Freddie Mac, and to group the remaining viable ones into several stock options to be offered for sale to the public, and also as a bailout measure.

That would result in an immediate infusion of cash into the banking sector, thereby ensuring that credit could be granted to qualifying loan applicants.

Individuals or organizations who choose to buy those stock options should benefit additionally from any profits later realized by their investments.

Also, any profits resulting from the bailout option should be refunded to the INCOME TAX PAYERS only, since they would be the ones who would have financed the bailout.

Likewise, but separately, the various questionable sub prime mortgages should be bundled together into other stock options which would be structured to contain a mixture of both somewhat and less redeemable loans.

Those sub prime mortgage packages should be offered first to democrats, especially wealthy ones, who might be attracted to them by their being valued at a price of 80 cents on the dollar, based on the face value of the mortgages.
.
That would afford them the option to support what democrats viewed to be a noble cause (home ownership for the unemployed), and besides, it might enable the stock option buyers to profit by 20 percent if all of the sub prime mortgages would be somehow repaid by the homeowners.

Thus democrats, especially the likes of George Soros, Barack Obama, Ted Kennedy, Chris Dodd, Nancy Pelosi, Harry Reid, and Charlie Schumer (who supported the granting of sub prime mortgages irrespective of demonstrated ability to repay) would be able to ???put their money where their mouths are???!

Lastly, there should be a guarantee that no further sub prime mortgages be granted.
Home ownership is a GOAL for many financially responsible Americans - it is not a government sponsored RIGHT for all persons living legally and illegally in the US!

What's credit? Try living on $1383.00 a month Social Security.

Do I think the bailout is a really bad idea. Yep, sure do. Is it necessary. Yep, sure is. Sometimes chemotherapy is needed to kill cancer in a sick patient, even if it makes the patient even more sick, and this economy is sick, sick, sick. But those who oppose the bailout are shooting themselves in the foot (maybe the head). The opposition wants to "punish" the fat-cat bankers and Wall Street tycons who were making the big bucks. Well guess what, they already made the big bucks. Their money machine may be broken now, but most of them (not all, but most) can probably sit back and live off their ASSets. Stopping the bailout will harm very few of those at the top who were already rich. Those who what to want stop the bailout and exterminate the money-leeching vermin remind me of someone who wants to fumigate their house. But not only do they want to fumigate their house, they want to sit inside the house with their wife and kids and watch the vermin die while it fills up with the poisonous vapor. Guess what, you're all breathing the same air folks. As usual, with this kind of political wrangling, it's the little guy and gal on main street who takes it in the shorts. In the end, the rich just keep getting richer and the middle income guys and gals get the short end of the stick.

I think once the dust has settled you will be able to get credit and refi's again at places like CreditLoanApproved dot com and EasiestMortgages dot com Actually with the stocks rebounding today, looks like the problems may be over. Just a few people won't get paid off by the pres.

For the best stock buys NOW! look at http://www.buy-stocks.ws or http://www.CA-Trading.com

Unfortunately I have seen and know the side of this mess that very rarely gets discussed. My two brothers are to say it nicely fiscally challenged. They are not in any way shape or form able to without proper guidance make decisions such as what type of loan to take. But I have also seen how for years and years everyone in the world has been preaching about how renting is a terrible idea and to build equity in a house is to help America stay the best country in the world. I think there are plenty of people who did the stupid thing trying to get into loans for homes that they couldn't afford and therefore getting stuck with houses not worth the loan they took for them. I also believe however that there are large numbers of people who being preached to their whole lives about this artificial way of helping America got duped into loans that they didn't realize would be detrimental to their livelyhoods. In this respect I think the requested oversight of the bill did a good deal of help to keep this practice from proliferating any further. I think the idea that we take stock in these companies is also a good idea. The taxpayer should be able to get some good out of this situation because in the worst caes scenario we would be able to go after the assets of the companies first instead of last as is usually the caes.

Jeweldone and Tina12345 mention one of the largest abuses of private individuals by our governments when they talk of property being reassessed when there has been no change in ownership and/or improvement on the property.
I have heard it time and again. Someone buys property and a modest house and pays taxes. Years later, another person buys neighboring property for an exorbitant price and puts an expensive house on it. The newcomer's property is reassessed based on the purchase price and improvements. The property owner who did nothing to his/her property is reassessed based on the perceived value of their property had they sold it.
Isn't this a little unfair? People are punished for the acts of others. Perhaps everyone who owns stock should pay taxes on the unrealized gains of securities they have not sold.
Towns must love the current climate of subprime mortgages and McMansions. They can raise taxes on new owners and existing homeowners alike with impunity. People who will see no improvement in services are forced to finance services for others.
So, if you choose to see greed in the Wall St. shuffler of bad paper, don't let the Main St. town official who wrings his hands over the mess get away scot free. The towns were as much pigs at the trough as the bankers and you are still left providing their feast for them.