From the monthly archives:

June 2010

Interest rates for secured term loan?

June 7, 2010

For a business project, I need to find out the minimum interest for a 2 year secured term loan of $350,000 from Wachovia. When I called the bank, it was closed. The bank is closed for the weekend and my project is due Monday morning. I just need to know the interest rate or a [...]

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HELP Would I be able to get a loan from my credit union to consolidate my rather high (8,000) credit card debt?

June 7, 2010

First off, I am a full-time college student. Ok, here’s my situation–I’m a little over $8,000 in credit card debt. My monthly payments from all my cards combined add up to about $180, and every one of my cards (with the exception of one at 8%) have rather high interest rates (19%, 20%). Most of [...]

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Government figures came out today verifying, consumer credit card debt amounts to over 968 billion! How?

June 7, 2010

Will the government be bailing out the credit card debt like they did the high-risk mortgages? Is this the time to just spend, spend, spend as soon the U.S. government and Bush Administration will once again bailout the private sector? Prsident Bush said, America will know when the economy is up and running again…spending will [...]

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Should bailout package absolve borrowers, not lenders?

June 7, 2010

Instead of saving the banks and financial institutions by buying up all this bad debt, and effectively making the individual home owner pay TWICE for his or her mortgage (once for the note, and once for the tax burden from the $700B package), should we not just absolve the lender of the debt. Step 1: [...]

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If the bank handling my college loans goes bankrupt, how will I be affected?

June 7, 2010

I am a first year college student at Dartmouth College and have taken out a hefty amount of loans for my first year tuition. I know with the recent Wa Mu bankruptcy, that many other banks are in danger of following in Wa Mu’s footsteps. If by chance Citibank were to collapse what would become [...]

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