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

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

toni_toni_f asked:


a.daily
b.weekly
c.monthly
d.annual

LES

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?

KAREEM

tr asked:


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

DERRICK

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 need to be. I don’t know if an Accountant or Financial Planner or Financial Adviser is the right person…We have money issues, and need some outside help, it’s clear that we can’t get out of this cycle ourselves.

SYLVESTER

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

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

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 not being a homeowner. Is consumer credit consolidation better than debt settlement ?
I always pay more than the minimum payment, sometimes twice the payment, however, 2 of my cards were taken over by another bank and they raised my interest to almost triple what it was when the debt was incurred. The payments I was making was reducing the debt quickly, but now with the new interest rate I had no control over, the whole payment seems to go to interest.

GLENN

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 Above

JAMEL