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POPSTitle Cash Albuquerque Auto title loans are personal loans that are based on the equity of your vehicle. Much like a home equity loan, but for your car or truck instead of your house. As long as you can prove that you have a monthly income of at least $1,500, then it doesn’t matter if you are unemployed, retired, or on disability. Make sure to mention if you are when you apply for a title loan with us.
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POPSReader's Digest plans to file for bankruptcy
"The Chapter 11 filing will apply only to the company's U.S. businesses. Its operations in Canada, Latin America, Europe, Africa, Asia and Australia-New Zealand will not be affected. "Restructuring our debt will enable us to have the financial flexibility to move ahead with our growth and transformational initiatives," said President and Chief Executive Officer Mary Berner, in a statement." The Pleasantville, N.Y., media company said the bankruptcy would help facilitate an agreement with lenders to exchange a portion of its $1.6 billion in senior secured debt for equity, and transfer company ownership to the lender group. --- "The agreement, which is subject to court approval, also includes a commitment from some members of the senior lender group to provide $150 million in debtor-in-possession financing, which would help fund operations during the reorganization. The pre-arranged plan proposes to cut debt by 75 percent to $550 million, from the current $2.2 billion."
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POPSQuitting The New Car Habit If there is one thing this recession has taught me (and I am thankful for it) is to evaluate my needs vs. my wants. I will not secure any loan unless it is absolutely necessary.
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POPSStimulus Success!??! [Worth the read]
Very interesting perspective!!! when median U.S. incomes began to stall. Because wages got hit then by the double-whammy of global competition and new technologies, the typical American family was able to maintain its living standard only if women went into the workforce in larger numbers, and later, only if everyone worked longer hours. When even these coping mechanisms were exhausted, families went into debt -- a strategy that was viable as long as home values continued to rise. But when the housing bubble burst, families were no longer able to easily refinance and take out home-equity loans. The result: Americans no longer have the money to keep consuming. When you consider thatconsumers make up 70 percent of the economy, the magnitude of the problem becomes apparent. What happened to the money? According to researchers Thomas Piketty and Emmanuel Saez, since the late 1970s, a greater and greater share of national income has gone to people at the top of the earnings ladder.
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POPSStop Me If You've Heard This One Before ~ Fannie Mae’s appraisal change doesn’t mean borrowers with less than 20 percent home equity can forgo mortgage insurance, the analysts said. That’s because Fannie Mae will likely use automated models to check home values listed on applications before offering to waive appraisals, the analysts said. The company’s DU Refi Plus program will start April 4.
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POPSGovernment Policy Still Has It Backwards First, the government should buy up a portion of mortgages up to roughly the foreclosure value of a home (say 40% of the purchase price) and provide homeowners with an ultra-low rate on this fully collateralized loan portion of 3% to 3.5%, interest-only for five years. I favor applying this program not just to distressed loans but to the estimated 50% of mortgages that are unable to refinance because of insufficient equity. First, the government should buy up a portion of mortgages up to roughly the foreclosure value of a home (say 40% of the purchase price) and provide homeowners with an ultra-low rate on this fully collateralized loan portion of 3% to 3.5%, interest-only for five years. I favor applying this program not just to distressed loans but to the estimated 50% of mortgages that are unable to refinance because of insufficient equity. Full article: http://www.rgemonitor.com/globalmacro-monitor/255413/government_policy_is_still_backwards
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POPSRupert Murdoch's world Really, now . . . "a great majority of people in the world" have "savings, home equity, or pension funds?" Better start reading other people's newspapers, Mr. M. Most of the world's people surely have none of the above.
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POPSThe Next Card to Fall: Credit Cards? If the credit card industry is the next to fall, perhaps the silver lining will be restrictions on how much they can charge customers interest. As it is, current credit card interest rates, especially for those who fall behind in their payments, constitute usury.
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POPSAs Economy Slows, Lenders Begin to Curb Credit Cards It's about time!!!! Even after my parents "declared" bankruptcy after years of using them for medical, motor vehicle, what they considered necessities....my Mom is still receiving offers from Credit Card companies. Stop it!!! The elderly and the 20-40+ use these things like there is no tomorrow. Well, tomorrow has come. While the card-holders have a responsibility to pay their debts, so do those who *throw* cards at an irresponsible market bear major responsibility for their practices.
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POPSWhat's So Great About Grits? Grits are inexpensive, simple, tasty, and a thoroughly digestible food. Grits should be made popular around the world! Given enough of it, the inhabitants of the Earth would have nothing to fight about. A man full of Grits...is a man full of Peace". Now who among us can argue with that kind of logic? I love that quote! If everything were that simple...
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POPSObscene Military Budget is much biger than Reported Legally see the article for the cuts behind the figures here: Now, imagine that, due to a little more Pentagon/Bush administration wizardry, even this black budget estimate is undoubtedly a low-ball figure. One reason is simple enough: The proposed $541 billion Pentagon 2009 budget doesn't even include money for actual wars. George W. Bush's wars are all paid for by "supplemental" bills like the $162 billion one Congress will soon pass -- so the Department of Defense's $34 billion black budget skips "war-related funding." This means that even the overall figure for that budget remains darker than we might imagine (as in "black hole"). The Pentagon not only produces stealth planes, it is, in budgetary terms, a stealth operation. If honestly accounted, the actual Pentagon yearly budget, including all the "military-related" funds salted away elsewhere, is probably now more than $1 trillion a year.
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POPSFeds Urge Leniency For Homeowners Only under the temporary 'hothouse' conditions in mortgage markets did they seem to qualify. Second, people who have no equity in their homes cannot meaningfully be said to be owners. When times turn tough, they will walk away. They were effectively renters, not homeowners. "The crisis will end when housing markets hit bottom and the prices of mortgage securities stabilize. Banks also need to unwind their positions in exotic financial derivatives. The Fed needs to understand it is facing a capital crisis, not a liquidity crisis. The very low interest rates on safe assets show there is ample liquidity in financial markets. The Fed should not supply capital. That is the job of markets, and they are doing it."
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POPS Angry Renter. com: Sign The Petition To Congress Unfortunately, renters aren't as good at politics as the small minority of homeowners (and their bankers) who are in trouble. We don't have lobbyists in Washington, DC. We don't get a tax deduction for our rent and we don't get sweetheart government loans. WHEREAS: Most Americans rent or own their home outright, and the vast majority of homes (98%) are not in foreclosure. WHEREAS: Both banks and borrowers should be reponsible for their actions, and the government should not reward reckless behavior. WHEREAS: It is wrong to force all taxpayers-- including renters who are already subsidizing home owners through the tax code-- to pay for additional bailouts for big banks and home flippers. BE IT RESOLVED: That Congress should not pass any bailout programs that reward risky borrowing and lending. Let the free market sort it out! Sign the Petition : We Will Deliver the Next Batch to Congress on May 1st 19,353 People Have Signed So Far
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