Bad Credit on the Rise: 110 Million Americans Now Affected, According to BadCreditOffers.com Study
The number of Americans with bad credit has risen sharply since 2007, with more than 110 million now affected by a negative credit history, according to a new study by BadCreditOffers.com. The increase reflects a spike in delinquencies on home loans and credit cards by middle-class Americans. (PRWeb Dec 4, 2008)
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Brighten Wall Street Investors' Mood With Custom Bobbleheads
The current economic slowdown and near recession-like situation has, undoubtedly, dampened the spirits of the Wall Street investors. Almost everyone across the globe is affected by this sudden and unexpected nosedive of share markets. Amidst these uncertain times, smile has literally gone off the faces of investors. Realizing the gravity of situation, customized bobbleheads have emerged as the most pleasantly unexpected gifts this season. (PRWeb Dec 4, 2008)
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DRDA, P.C. Helps Entrepreneurs Use Retirement Savings to Buy, Start Businesses
Entrepreneurs are using their IRA and 401(k) savings to buy, recapitalize, and start small businesses as conventional and SBA lenders make fewer loans. Many entrepreneurs are using a little-known qualified plan called the BORSA™ that enables them to use their retirement savings to buy or start a business without incurring a taxable distribution or borrowing against their plan. (PRWeb Dec 4, 2008)
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eBuddy Mobile Messenger Downloaded 10 Million Times in 18 Months
eBuddy (http://www.ebuddy.com), the world's leading independent provider of web and mobile instant messaging (IM), announced today it has experienced explosive mobile IM growth, surpassing a milestone of 10 million J2ME downloads of its popular, eBuddy Mobile Messenger since its launch in June 2007. eBuddy is processing over 1.5 billion messages per month for over 3 million unique mobile users. eBuddy Mobile Messenger is ramping at a rate of more than 1 million downloads per month and has been the #1 mobile application download on GetJar for over 15 consecutive weeks. (PRWeb Dec 4, 2008)
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First-Ever Study of U.S. Consumer Internet Usage and Cost Finds Google Uses 21 Times More Bandwidth than it Pays For
Google uses 16.5% of all U.S. consumer internet traffic in 2008, the study estimates, and that share is predicted to grow to 25% in 2009, and 37% in 2010. Study finds 'Google is by far the largest user of Internet bandwidth, Google's share of bandwidth usage is rising rapidly, and that Google's bandwidth use is orders of magnitude greater than its payment for its cost.' (PRWeb Dec 4, 2008)
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Business Grants: The Bailout For Small Businesses?
Because of the bad economy, many don't qualify for loans and venture capital - leaving business grants as one of the only bailout solutions for small businesses. The National Institute of Business Grants (NIBG) has recently launched a site at Business-Grants.com that educates entrepreneurs and business owners about business grants. (PRWeb Dec 4, 2008)
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MiCash Announces Prepaid Debit Card with Unique Remittance Capability
A newly launched reloadable prepaid debit card is giving non-banking consumers many of the same freedoms bank customers currently enjoy, plus the added convenience of card-to-cash remittance. MiCash's reloadable prepaid debit card, can be used for electronic purchases, paying bills, ATM cash withdrawals and to transfer money internationally - no bank account required. (PRWeb Dec 4, 2008)
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East Coast Q3 2008 Trends in Venture Deal Terms
Report by VC Experts, Inc. Data Center Suggests East Coast Investors providing more favorable terms than West Coast. (PRWeb Dec 4, 2008)
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ATMs: The Bank Brand Sitting in the Footprint of a Microwave
This newest report from Mercator Advisory Group's Retail Banking Practice is focused on the ATM and the multifaceted role it plays in the retail banking market. While ATMs are no larger in footprint than a microwave, they are a strong tool for keeping customers connected to their money, and more importantly, to their bank. Automated teller machines in service today far outnumber traditional bank branches, and so can extend the bank's brand well beyond its expensive bank branch system. Technology enhancements, footprint deployment saturation, surcharges/surcharge-free networks and transaction channel optimization are keys to banks leveraging their current and future installed base of ATMs. (PRWeb Dec 4, 2008)
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Risk Management in the Corporate Credit Card Market: A Problem Waiting To Be Solved?
Consumer credit cards were created from the simple idea of "buy now, pay later" and from their humble beginnings in the 1950's to their lofty status in the payment universe today, that basic value proposition has not changed for any stakeholder. In much the same way, business credit cards were created from the simple idea of providing organizations with a convenient, generally accepted method of paying for and tracking company expenses. Since the first commercial credit cards were issued until today, these products have been refined to appeal to specific corporate market segments, including small business (less than100 employees), middle-market commercial (100-500 employees), and corporate commercial (more than 500 employees). Different products, certainly, yet also not so different, in that any credit card account is still a loan. Regardless of the use, a lender is underwriting the purchases made on any credit card and in so doing, accepts a certain level of risk that their money may not be paid back. (PRWeb Dec 4, 2008)
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$1.25MIL Line of Credit for L5 Performance Systems Inc Arranged by Rising Bird Inc
Ali Neesaneh, president of Rising Bird, Inc. a creative business financial consulting firm announced today the completion and funding of $1.25MIL line of credit that will allow L5 Performance Systems to commence its first phase of business expansion in Irvine, California. (PRWeb Dec 4, 2008)
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In a Slumping Economy, Reduced Postage More Appealing Than Ever, Says Brooklyn Mailing House
According to the owner of Select Mail, a longstanding bulk mail and direct marketing company, many businesses and organizations don't take full advantage of the low postage rates available to them. By taking a little extra care in the design of brochures, newsletters, and postcards, these businesses and organizations can save more than a little money. (PRWeb Dec 4, 2008)
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LV= Reports UK Neighbourhoods Are in Decline
LV= has reported that one in three people in the UK believe that their neighbourhood has declined since they moved to the area. (PRWeb Dec 4, 2008)
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Tough Times. Perfect Book. How to Negotiate Against the Odds in a Recession
Whether you're negotiating with an intimidating boss to keep your job, a big bank to keep your business alive, or an entire nation to keep it moving forward, one of America's best-selling new books has answers you'll need this holiday season. (PRWeb Dec 3, 2008)
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Sy Sternberg, CLU, Receives the Round Table of New York's Lifetime Achievement Award
The Round Table of New York announced today that Sy Sternberg, CLU®, Chairman of the Board of the New York Life Insurance Company, received the organization's 2008 Lifetime Achievement Award. Sternberg was honored at a black tie event at the Union League Club of New York on December 1, 2008. Each year the Round Table of New York presents its Lifetime Achievement Award to an individual that has made significant contributions to the insurance and financial services industry. The award recognizes individuals for their accomplishments in the areas of professional ethics, education and industry leadership. (PRWeb Dec 3, 2008)
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Better Approach from Banks Will Help Borrowers, Says Burgess
A more constructive approach to repossession from high street banks will make a significant difference as the country begins to look ahead to a very tough 2009. A longstanding commentator on payment protection insurance (PPI), Sara-Ann Burgess, director at specialist firm Burgesses, said she was delighted to see Royal Bank of Scotland (RBS) extend the length of time before it would seek to initiate repossession proceedings against borrowers in arrears. (PRWeb Dec 3, 2008)
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University National Bank Chooses TransCard as Prepaid Partner
TransCard – a leading provider of prepaid debit card solutions branded with Discover® Network, MasterCard® and STAR associations – has signed an agreement with University National Bank in St. Paul, Minnesota to process prepaid transactions for the bank. University National Bank is a community development bank, whose mission is to be the “Leader in Improving Our Urban Community.” University Bank was the first bank to be certified as a Community Development Financial Institution (CDFI) in Minnesota. The bank is part of Sunrise Community Banks holding company with two CDFI-certified sister banks; Park Midway Bank, NA, in St. Paul and Franklin National Bank in Minneapolis. (PRWeb Dec 3, 2008)
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Different Finance Sources For Motor Vehicles By Amanda Hash Purchasing a motor vehicle can be a hassle-free experience if you know where to obtain funds for financing the purchase. The loan market has grown so much over the past 20 years that the options of financing have multiplied exponentially. However, it is important to know the pros and cons of each loan product in order to decide for the source that best suits your needs.
Within a matter of hours you can obtain all the money you need for purchasing your desired motor vehicle. However, as motor vehicle loans differ from regular car loans, you should be extra careful when negotiating the loan terms. It is possible to obtain inexpensive financing, but it is as well possible to close on too onerous deals.
Motor Vehicle Loans
There are loans specially designed for purchasing motor vehicles, they are similar to car loans but have different loan terms adjusted for the higher or lower prices that the different motor vehicles have along with the different amortization periods, etc. The different characteristics that motor vehicles have will determine the loan terms like: loan amount, interest rate, repayment program, insurance fee, closing costs, etc.
Motor vehicle loans are secured loans that use the vehicle as collateral and thus, can offer lower interest rates than unsecured personal loans and other unsecured loan types. The rest of the loan terms are also more advantageous and qualification for these loans is also a lot easier. Credit and income requirements are lessened but remain an important issue and vary according
Canada dumps Switzerland in opener Vancouver Giants winger Evander Kane scored a power-play goalas Canada cruised to a 5-3 win over Switzerland in the team'sopening game at the World Under-18 Championships, the Ivan HlinkaMemorial, in Slovakia.
<div class='nifad'><a href="http://www.pheedo.com/click.phdo?x=6e08421f3c9c4587aae9e5d274376205&u=301728912"><img src="http://www.pheedo.com/img.phdo?x=6e08421f3c9c4587aae9e5d274376205&u=301728912" border="0"/></a></div> Swedish scoop on Sundin A quick straw poll of Swedish journalists at theCanada-Sweden women's soccer game on Tuesday night produced a clearand unequivocal statement on the future of Mats Sundin.
<div class='nifad'><a href="http://www.pheedo.com/click.phdo?x=6e08421f3c9c4587aae9e5d274376205&u=301715290"><img src="http://www.pheedo.com/img.phdo?x=6e08421f3c9c4587aae9e5d274376205&u=301715290" border="0"/></a></div> Sanford will get help designing mask... When Vancouver Canuck fans get their first look at goalie Curtis Sanford next season, some of them just might be repeating that famous line from The Lone Ranger and asking 'who is that masked man?'
<div class='nifad'><a href="http://www.pheedo.com/click.phdo?x=6e08421f3c9c4587aae9e5d274376205&u=301710490"><img src="http://www.pheedo.com/img.phdo?x=6e08421f3c9c4587aae9e5d274376205&u=301710490" border="0"/></a></div> NHL greats to enter U.S. Hall of Fame... Cammi Granato, Brett Hull, Brian Leetch and Mike Richter will be enshrined into the United States Hockey Hall of Fame as the Class of 2008, USA Hockey announced Tuesday.
<div class='nifad'><a href="http://www.pheedo.com/click.phdo?x=6e08421f3c9c4587aae9e5d274376205&u=301700932"><img src="http://www.pheedo.com/img.phdo?x=6e08421f3c9c4587aae9e5d274376205&u=301700932" border="0"/></a></div> Oilers rookie camp set for September... The Edmonton Oilers will get their 2008-09 seasonrolling in Camrose.
<div class='nifad'><a href="http://www.pheedo.com/click.phdo?x=6e08421f3c9c4587aae9e5d274376205&u=301700931"><img src="http://www.pheedo.com/img.phdo?x=6e08421f3c9c4587aae9e5d274376205&u=301700931" border="0"/></a></div> Ex-NHL greats to enter U.S. Hall of... Cammi Granato, Brett Hull, Brian Leetch and Mike Richter will be enshrined into the United States Hockey Hall of Fame as the Class of 2008, USA Hockey announced Tuesday.
<div class='nifad'><a href="http://www.pheedo.com/click.phdo?x=6e08421f3c9c4587aae9e5d274376205&u=301608451"><img src="http://www.pheedo.com/img.phdo?x=6e08421f3c9c4587aae9e5d274376205&u=301608451" border="0"/></a></div> Gordon named Islanders head coach The New York Islanders have named Scott Gordon the team’s new head coach.
<div class='nifad'><a href="http://www.pheedo.com/click.phdo?x=6e08421f3c9c4587aae9e5d274376205&u=301584992"><img src="http://www.pheedo.com/img.phdo?x=6e08421f3c9c4587aae9e5d274376205&u=301584992" border="0"/></a></div> Ex-NHL greats to enter U.S. Hockey ... Cammi Granato, Brett Hull, Brian Leetch and Mike Richter will be enshrined into the United States Hockey Hall of Fame as the Class of 2008, USA Hockey announced Tuesday.
<div class='nifad'><a href="http://www.pheedo.com/click.phdo?x=6e08421f3c9c4587aae9e5d274376205&u=301565031"><img src="http://www.pheedo.com/img.phdo?x=6e08421f3c9c4587aae9e5d274376205&u=301565031" border="0"/></a></div> Sakic says decision soon Colorado Avalanche captain Joe Sakic said Monday he still hasn't decided whether to play in the upcoming season or retire.
<div class='nifad'><a href="http://www.pheedo.com/click.phdo?x=6e08421f3c9c4587aae9e5d274376205&u=301466129"><img src="http://www.pheedo.com/img.phdo?x=6e08421f3c9c4587aae9e5d274376205&u=301466129" border="0"/></a></div> Hockey roots deep Down Under Grant Buckley used his hockey skills this summer for an adventure inAustralia. The former Brampton Battalion defenceman learned how tosurf, visited some famous sites and discovered Aussies can play apretty good game of hockey.
<div class='nifad'><a href="http://www.pheedo.com/click.phdo?x=6e08421f3c9c4587aae9e5d274376205&u=301466128"><img src="http://www.pheedo.com/img.phdo?x=6e08421f3c9c4587aae9e5d274376205&u=301466128" border="0"/></a></div>
to the purchase price of the vehicle.
However, you should bear in mind that for high price vehicles, these loans require high incomes because the amount of the monthly payments can be significantly higher than that of car loans and thus, if you do not have the money needed and the repayment program cannot be stretched anymore you may need to resort to other sources.
Loans Based On Home Equity
A good alternative would be then to resort to home equity loans. Since home equity loans can be used for any purpose, it is not strange that many people use them for purchasing cars or other motor vehicles. These loans provide all the funds needed for such transactions and many advantages over regular car loans and motor vehicle loans.
Home equity loans are based on home equity and thus imply less risk for the lender than other unsecured and secured loans like motor vehicle loans. This is due to the fact that a real estate property is usually more valuable than a motor vehicle (There are obviously some exceptions). This risk reduction has consequences on the loan terms.
Thus, with a home equity loan you can get really high loan amounts but at the same time you can obtain significantly lower interest rates and longer repayment programs than with motor vehicle loans. Thus, you will be able to get lower loan monthly payments that will be easier to afford without having to make sacrifices in order to do so. This is why when it comes to expensive motor vehicles, home equity loans can be an excellent source.
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