Archive for January, 2010

How Different Mortgages Loan Lengths Work

If and when you decide to become a homeowner, your house will likely be the biggest purchase you ever make, so it’s a good idea to learn all you can about the various mortgage lending options out there. After all, educating yourself about various types of loans is perhaps the best way to keep yourself [...]

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The Cost of Payday Loans and Renting to Own

Mint.com and WallStats.com have teamed up to create a tongue-in-cheek visual representation of some dangerous predatory lending products common in America today. The image is titled The Shaft: How Some Companies Prey on the Poor.
The graphic helps depict the reality of some benign-seeming products—and highlights how susceptible many lower-income Americans are to terrible credit products, [...]

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Nation’s Foreclosure Problems Continue Despite Programs

In a detailed report on the current state of the foreclosure crisis in the U.S., msnbc.com examines some of the issues currently troubling America’s real estate market and what these problems could mean for the future.
How the Foreclosure Crisis Started
During the real estate bubble, mortgage lenders eagerly underwrote home loans because credit was easy to [...]

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Tropicana Casinos on a Good Streak after Bankruptcy

The news for the casino industry has not been good during the recession, as one after another faces bankruptcy. But now there is hope, as one major Las Vegas casino company, Tropicana Entertainment, emerges from bankruptcy looking to go on a lucky streak.
Tropicana Entertainment will emerge from the bankruptcy after filing two years with a [...]

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Weak Economy Creates Tough Job Decisions

With unemployment hovering around 10 percent, many employed Americans are understandably skittish about their jobs. According to the numbers, there are plenty of people who’d love to take our places if we set a foot wrong. So here are some things to consider next time you have to make a major decision at work.
Vacation: Should [...]

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Bankruptcy Lessons from Struggling States

Hard economic times are not limited to American families right now – many states, too, are finding themselves in precarious financial situations. California is notorious for its budget shortfalls, and, according to nbc.com, Illinois has joined the ranks of the nearly bankrupt.
Perhaps unsurprisingly, the problems plaguing state governments aren’t that different from the ones that [...]

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What the New American Work-Scape Means for Your Finances

A recent article from Business Week examines the current and likely future American workforce—and paints a picture that suggests many of us may have to re-think the way we view our finances.
Recession Trends Might Continue
Since the current recession began, companies have cut costs by altering the composition of their workforces. Common changes include:

Eliminating contract or [...]

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