Most HAMP modifications will end in a re-default or foreclosure
A recent Fitch Ratings study reveals that between 65 percent and 75 percent of homes modified through the federal Home Affordable Modification Program, but not backed by a federal agency, are likely to default on their mortgage loans within one year, CNN Money reports. Read full article…
If you don’t already accept credit cards for business you do online, you’re in a small minority, and it’s time to change! While it’s true that not all online business involves credit cards, the vast majority of consumers are no longer willing to incur the trouble and expense of sending checks and money orders. By all means, keep these payment options — but if you want to succeed, you really must start accepting credit cards.
We live in a world of instant gratifications, and people don’t like to wait around. Think of the increased turnaround time involved in using non-instant methods of payment.
Bankruptcy is perhaps the most dreaded financial term in existence. After all, no one likes the idea of having their assets and properties seized, among other terrible experiences such as being terminated from their job, losing their transportation, and having their credit score completely destroyed. In fact, while bankruptcy may appear to be a way out for an individual or business in debt, many financial advisors recommend avoiding it at all costs.
However, there are times when filing bankruptcy is absolutely necessary to eliminate an outstanding debt that simply cannot be repaid.
On Friday afternoon, construction crews were piecing together what will soon be one of the newest homes on South Bend’s north side. It’s hard work in the hot summer heat, but for these workers it’s a much-appreciated job in an industry where work has rarely been harder to find.
“This is the worst I’ve seen it in forty years,” said Andy Place, a local builder and president of the Indiana Builder’s Association. He said bui
The annual fee paid on a credit card should be a key consideration when Australians come to weigh up the alternatives, it has been argued.
An article on Lifehacker.com.au notes that while it isn’t impossible to survive without a credit card, having one undoubtedly makes it easier to shop online. It also referred to the various benefits cards offer such as frequent flyer points.
“The key trick is to pay off the balance each month, and statistics suggest that Australians do that pretty efficiently,” added Lifehacker.
However, the article noted that even users who routinely pay off what they owe are likely to “get slugged” with an annual fee for the credit card. < Read full article…
