Oct
26
Is anybody happy that the word “national” is taking a new meaning?
Filed Under Investing | 4 Comments
schultzie knows best asked:
In the banking world?
why don’t we cut to the chase and just go to the federal reserve for our consumer loans?
thank you for any answers.
TREVOR
In the banking world?
why don’t we cut to the chase and just go to the federal reserve for our consumer loans?
thank you for any answers.
TREVOR
Oct
23
With direct to consumer private loans, will I get a smaller loan when the economy is in bad shape?
Filed Under Financial Aid | 1 Comment
hello asked:
Strictly dealing with direct to consumer private loans, will I be approved for a smaller amount of money when the economy is in bad shape, and a bigger amount of money when the economy is in good shape?
wow, can someone who’s not a fucking spambot reply please? this website fucking sucks.
PATRICK
Strictly dealing with direct to consumer private loans, will I be approved for a smaller amount of money when the economy is in bad shape, and a bigger amount of money when the economy is in good shape?
wow, can someone who’s not a fucking spambot reply please? this website fucking sucks.
PATRICK
Oct
22
Herbert C asked:
Ok I have had a credit card from a well established bank for years and never used it. They sent it to me with great terms, 7.9% fixed for the life of the card. And thats “they sent it to me, I did not go out of my way to get it. Well I had a balance of over 7k on a loan at 11.25% so I used the credit card to pay it off. Now they send a letter that the interest is increasing to 21.45% and variable. This is no fly by night bank either. Its actually a bunch of BS. What recourse do I have? They have the standard clause in the agreement “We can raise rates for any reason”. I guess I have too much faith that if I honor the terms and pay as agreed they will honor them also. And by the way my credit reports are good, Scores all over 720, no late payments of defaults. Nothing on them has changed since they issued the card except overall debt went down so I am not buying their excuse of information obtained from a consumer report
Well so far I have sent certified letters to the CEO, CFO, 6 other execs, 2 customer service addresses, My US senator and US Representative as well as the House Committee on Financial Service,Subcommittee on Financial Institutions and Consumer Credit, The US Senate Committee on Banking, Housing and Urban Affairs. And called their Customer Service Dept 4 times and got the run around. Now I’m filing a complaint with the Comptroller of the Currency.
Maybe I should declare chapter 13 and screw them out of their interest all together.
MELVIN
Ok I have had a credit card from a well established bank for years and never used it. They sent it to me with great terms, 7.9% fixed for the life of the card. And thats “they sent it to me, I did not go out of my way to get it. Well I had a balance of over 7k on a loan at 11.25% so I used the credit card to pay it off. Now they send a letter that the interest is increasing to 21.45% and variable. This is no fly by night bank either. Its actually a bunch of BS. What recourse do I have? They have the standard clause in the agreement “We can raise rates for any reason”. I guess I have too much faith that if I honor the terms and pay as agreed they will honor them also. And by the way my credit reports are good, Scores all over 720, no late payments of defaults. Nothing on them has changed since they issued the card except overall debt went down so I am not buying their excuse of information obtained from a consumer report
Well so far I have sent certified letters to the CEO, CFO, 6 other execs, 2 customer service addresses, My US senator and US Representative as well as the House Committee on Financial Service,Subcommittee on Financial Institutions and Consumer Credit, The US Senate Committee on Banking, Housing and Urban Affairs. And called their Customer Service Dept 4 times and got the run around. Now I’m filing a complaint with the Comptroller of the Currency.
Maybe I should declare chapter 13 and screw them out of their interest all together.
MELVIN
Oct
19
Is there anything we can do to stop the hemorrhaging of our US economy?
Filed Under Law & Ethics | 3 Comments
Softtouchmale asked:
It seems with credit being tightened so mightily so that the consumer can’t get a loan without having a nearly perfect credit score; and with wages not keeping pace with inflation; and with the price of necessities like food, shelter and fuel rising at extreme rates; is there anything we can do to stop this death spiral?
BRANDEN
It seems with credit being tightened so mightily so that the consumer can’t get a loan without having a nearly perfect credit score; and with wages not keeping pace with inflation; and with the price of necessities like food, shelter and fuel rising at extreme rates; is there anything we can do to stop this death spiral?
BRANDEN
Oct
13
Need help figuring payment and interest on short term loan?
Filed Under Personal Finance | 2 Comments
Kimberly B asked:
I am a wedding photographer and one of my clients is now in breech of contract for nonpayment. I have no use for her pictures and would prefer to have my $$. In my contract I financed interest free for 4 months with payment due before wedding. Bride had sob story and I extended for two month. STILL no money two month later. I am now sending her a Consumer Loan Agreement with interest. I have never done this and can not figure what the payments plus interest will be. HELP!
TAYLOR
I am a wedding photographer and one of my clients is now in breech of contract for nonpayment. I have no use for her pictures and would prefer to have my $$. In my contract I financed interest free for 4 months with payment due before wedding. Bride had sob story and I extended for two month. STILL no money two month later. I am now sending her a Consumer Loan Agreement with interest. I have never done this and can not figure what the payments plus interest will be. HELP!
TAYLOR
Oct
12
Ok so I am thinking about buying amy first new home, where do I start?
Filed Under Renting & Real Estate | 1 Comment
phound asked:
I know I need a loan but what kind, I qualify for the V.A. loan.
What are the steps to not getting screwed on a home loan and is this a good time for the consumer to buy
NOEL
I know I need a loan but what kind, I qualify for the V.A. loan.
What are the steps to not getting screwed on a home loan and is this a good time for the consumer to buy
NOEL
Oct
3
Britt asked:
I opened my own bank account a couple of weeks ago, and I made an appointment with the consumer lender for tonight. I have no credit and I make at least $1,400 a month at a job that I’ve held (and recently been promoted) for over a year now. My paychecks are regularly direct deposited and I have pay stubs to prove what I make. I’m looking to finance $9,500 and I have no other bills. What are my chances of getting approved, and are there any tips I should keep in mind when I go in tonight?
If it will help in determining your answers to my question, I’m not planning on going to college or a technical school this fall. Instead I plan on continuing working in my current position. As for my job, I work at an environmental engineering and consulting firm called RMT and was recently promoted from Administrative Assistant I to an assistant in the finance department, where I work with accounts payable and receivable and complete several other finance related tasks. I’m also in charge of the company cell phones.
One final detail…I already have a decent car that’s completely paid off. However, even though I made the payments, the loan wasn’t under my name. I’m looking to sell this car.
TRACY
I opened my own bank account a couple of weeks ago, and I made an appointment with the consumer lender for tonight. I have no credit and I make at least $1,400 a month at a job that I’ve held (and recently been promoted) for over a year now. My paychecks are regularly direct deposited and I have pay stubs to prove what I make. I’m looking to finance $9,500 and I have no other bills. What are my chances of getting approved, and are there any tips I should keep in mind when I go in tonight?
If it will help in determining your answers to my question, I’m not planning on going to college or a technical school this fall. Instead I plan on continuing working in my current position. As for my job, I work at an environmental engineering and consulting firm called RMT and was recently promoted from Administrative Assistant I to an assistant in the finance department, where I work with accounts payable and receivable and complete several other finance related tasks. I’m also in charge of the company cell phones.
One final detail…I already have a decent car that’s completely paid off. However, even though I made the payments, the loan wasn’t under my name. I’m looking to sell this car.
TRACY
Oct
1
Consumer Math please help these are the last three questions i dont get?
Filed Under Homework Help | 1 Comment
Sincere asked:
5. Ray Cupple bought a basic car costing $10,150.00, with options costing $738.00. There is a 6% sales tax in his state and a combined $50.00 license and registration fee. What was Ray’s total cost?
A. $10,938.00
B. $11,541.28
C. $11,547.00
D. $11,591.28
5. Ray Cupple bought a basic car costing $10,150.00, with options costing $738.00. There is a 6% sales tax in his state and a combined $50.00 license and registration fee. What was Ray’s total cost?
A. $10,938.00
B. $11,541.28
C. $11,547.00
D. $11,591.28
6. The Hamilton Brush Company issued 2,500 shares of common stock worth $100,000.00 total. What is the par value of each share?
A. $25.00
B. $40.00
C. $400.00
D. $250.00
11. The Emerson First National Bank is lending you money to buy a new car. The loan agreement will probably state that you must carry _______ insurance.
A. liability
B. collision
C. no-fault
D. medical
VINCE