Enlightened self-interest

In Suze Orman’s “how to take control of your credit cards” she explains how to reduce credit card debt no matter who you are or the amount of debt you have. Her target audience is any individual who is trying to reduce their debt, but has no idea how to even start. As she states in paragraph two, “If you have the desire to take control of your credit card mess, you can”, anyone can use her book to reduce their debt. Suze’s thesis is best expressed I the following sentence, “I am not saying it…

Secured Debt vs. Unsecured Debt - Debt Settlement Help By USA Debt Settlement Jul 18, 2011 Many Americans don't understand the difference between secured and unsecured debt. In fact, few Americans even know either secured or unsecured debt exists. * Secured debt - Debt backed or secured by collateral to reduce the risk associated with lending. An example would be a mortgage, your house is considered collateral towards the debt. If you default on repayment, the bank seizes your house, sells it…

Good FICO® scores make it easier, and less expensive, to finance large-ticket items like cars or houses. That is why it’s so important to understand how your FICO score is calculated and what you can do to make it better. There are five different elements that make up your score, and they take into account both positive and negative information in your credit file. Another important thing is that some are weighted more heavily than others. Let’s take a look at each: 35% payment history…

FirstBank is fortunate because the top four banks in its market are not local community banks. This gives the Bank an advantage in local relationship-based banking and customer loyalty for being a local business. The same customer base also relies on a local bank to provide quality products and services like the big national banks. FirstBank stays on the leading edge of technology which helps portray a big bank environment and provides all the products and services offered by the big banks.…

Is the Government Fixing the Student Loan Crisis? ; Who is on First, and What is on Second An author for the America Press wrote an article called “The Student Debt Crisis”. He argues that student loans are hurting the economy and causing college students to drop out because they can’t afford to payback student loans. The author states that “60 percent” of the Graduating class, college students use loans to pay for college (para. 2). Even worse, the students that struggle the most use the money…

houses and cars” (para. 4). The problem is that students miss payments because they have low paying jobs. The interest rates are too high, and put the students into a financial hole (“Para. 1-4”). To fight this, the government is trying to propose new a series of taxes, bills, and budget cuts to fix the problem. One of these being the Bipartisan Student Loan Certainty Act, to lower interest rates for student loans down to 3.86 percent, but it was rejected in 2014 (para. 5).…

Through this option, the buyer has to make a costly down payment, varying with the cost of the home, and the bank would finance the rest, adding on an obligation to pay the bank the funded amount plus accrued interest over the life of the loan. Through Rent-to-own, the outcome of owning the home is the same, but the steps leading up to this commitment makes all the difference! Renting to own allow these victims to save money during the duration of the Rent-to-own…

magazine written by contributors by Trulia, they discuss the pros and cons of taking the credit union mortgage option. The first point made in this article is that credit unions have historically offered lower mortgage rates. This means that your interest rate is going to be lower and you will be saving thousands of dollars over the life of the loan. To put it in perspective, if you took a mortgage loan that was for $200,000 with a 15-year loan at 5 percent, your monthly payment would be about…

The Williams 2002 case study assesses the financial problems incurred by Williams, a company that specialized in activities such as purchasing, selling, and distributing energy commodities. The company has a long history and was founded in Tulsa in 1918 by Miller and David Williams, who previously owned a pipeline construction business in Arkansas. The growth of the company during the late 1990s and early 2001 can be partially attributed to its success in the energy market. However, it primarily…

rates of interest and minimal associated charges. Purpose: The loan can be obtained for construction, purchase, extension, repairs, renovation, or furnishing of a residential house or apartment. The bank also provides the facility of supplementary finance for the completion of the project through the employer. The bank accepts housing loans transferred from other banks and housing finance companies. The loan can be obtained for the construction for a third housing unit as well but the interest…