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WIth the mortgage markets in trouble are there still ways to get loans?

catdragon6000 asked: Is a balloon mortgage a better option for the mortgage company and the consumer in these trying times, or is there other loans that can help consumers to restructure their debt at this time?ADAN

Posted December 19th, 2008 in Personal Finance | 2 Comments »

algebra 1 help How do I write an equation for this problem?

Dawn S asked: a loan co charges a penalty of $10 the first time a consumer is late for a payment. The second penalty is $20, $40 for the third late payment and so on, doubling each time a payment is late. How do we make an equation for this problem.JESSE

Posted December 19th, 2008 in Mathematics | 3 Comments »

an interest rate on a consumer loan of 1.5% is most apt to be a(n)_____interest rate?

toni_toni_f asked: a.daily b.weekly c.monthly d.annualLES

Posted December 17th, 2008 in Mathematics | 3 Comments »

Is there anything we can do to stop the hemorrhaging of our US economy?

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 [...]

Posted December 17th, 2008 in Economics | 1 Comment »

what is the princple if the interest paid is $2152 with 10.0% over a 3.5 yr period?

tr asked: a consumer loan is made at 10.0% over a 3.5 yr period. if $2125.00 was paid, what is the principalDERRICK

Posted December 13th, 2008 in Investing | 1 Comment »

What type of Financial Expert should I look for in my neighborhood ?

pepperchat asked: I want to find a financial professional (that is not a bank trying to sell loans and such and that is not consumer credit counseling) who can help review where we’ve been, help us see where we are, and help us with a financial boot camp to help us get to where we [...]

Posted December 12th, 2008 in Personal Finance | 2 Comments »

Consumer rights on student loans?

Juillet asked: sallie mae since I won’t answer their “unknown” caller ID calls they have moved on to this number 646-842-7821 and 773-469-7628. they call every hour. Whats a consumers rights on this?CURT

Posted December 12th, 2008 in Personal Finance | 1 Comment »

Is a no-fee no closing cost loan fair?

attorneyinmichigan asked: The loan in question is a no money down 5.8% refinance where the broker is getting $14k in broker fees FROM the lender. Is this savings that should have been passed down to the consumer or is it a typical percentage paid to the mortgage broker?BENITO

Posted December 12th, 2008 in Credit | 3 Comments »

I am trying to consolidate my credit card debt without being a homeowner, what are my options ?

tvm209 asked: I owe about 11,000. My FICO score is good and none of my bills are delinquent. I want to maintain my FICO score as best I can while consolidating my bills to reduce interest and pay down faster. I cannot qualify for a personal loan due to my credit to debt ratio, and [...]

Posted December 12th, 2008 in Personal Finance | 7 Comments »

mathematical model used to assess a consumer’s likelihood? ?

Needs help with internet asked: This is a mathematical model used to assess a consumer’s likelihood of default on a loan or a credit card account A Credit Score B FICO Score C Credit Scale D CDC Score E None of the AboveJAMEL

Posted December 2nd, 2008 in Credit | 2 Comments »