Skip to Content

Joystiq has your stash of criminally complete GTA IV news!

Posts with tag borrowing

Are reverse mortgages marketed too aggressively?

by Zac Bissonnette Mar 2nd 2008

Filed under: Borrowing, Real Estate, Retire

A piece in the Sunday New York Times looks at the soaring popularity of reverse mortgages:

As the United States has become an older nation, reverse mortgages have grown into a $20-billion-a-year industry, with elderly homeowners taking out more than 132,000 such loans in 2007, an increase of more than 270 percent from two years earlier. In surveys, many borrowers say reverse mortgages have improved their lives and provided money they needed for retirement.

But hundreds of people who have sought reverse mortgages - in lawsuits, surveys and conversations with elder-care advocates - have complained about high-pressure or unethical sales tactics they say steered them toward loans with very high fees.


Tags: borrowing, featured, mortgages, retirement, reverse mortgages, ReverseMortgages

  • Comments (2)

Don't let credit card debt kill you

by Gary E. Sattler Dec 9th 2007

Filed under: Borrowing, Budgets, Cards, Debt, Simplification

credit card pictureAccording to CardTrak.com, the average American household now carries a staggering $6,600 in credit card debt. When you consider that the interest rates on credit cards can range anywhere from 9% to 21%, the cost of carrying a balance on those cards can place dangerous pressure on personal finances which are already stretched tight. If you really need to use those nasty little plastic debt generators, you need to be smart about it. The following tips, some of which are provided by Investopedia.com can give you an edge in winning the battle against debilitating credit card debt.

Tags: account, bank, borrowing, budget, card, credit, credit-card, debt, G.E.Sattler, interest, limit, plastic, revolving, transaction

  • Comments (1)

How credit card companies capitalize on your FICO freefall

by Tracy Coenen Dec 7th 2007

Filed under: Borrowing, Cards, Debt, Ripoffs and Scams

Back in the day, you got a credit card with a certain interest rate, and unless you failed to pay your bill on time, that was that. There was sometimes a clause in your credit card agreement that gave the credit card company the right to adjust your rate at certain intervals. But that was often negotiable, and the people who most often had their rates changed were those who failed to pay their bills on time.

Over the years, the credit card agreements became more restrictive. The companies say this is because bad credit card holders were costing them money, and they were only recovering those costs with higher rates and fees.

Tags: borrowing, credit, credit cards, CreditCards, Debt, FICO, interest rates, InterestRates

  • Comments (0)

WalletPop Highlights

Featured Galleries

Dying gracefully?
Shades of Chrome
Venus Swimwear Styles
Time for a HOG?
Make cash from metal: How to turn junk into dollars
Feed Your Family for Less
Trump Family Money Messes
Vacation Destinations via Flickr photographers
Groceries: Where is your food budget seeing the biggest hit?
The best way to sell Girl Scout Cookies
Budgeting for Baby: Seven things to prepare yourself for life as an at-home parent
Outlet Stores Going Upscale
Bargain Store Savvy: To Thrift or Not To Thrift?
Grocery prices going up, going up, going up...
Four Ways to Travel for Free--Really
Ten Most-Hated Money-Saving Tips
Things that you don't need to spend money on

 

What's your home worth? Find out now!

(format: Springfield, OH)
AOL Real Estate

Most Commented On (7 days)

More Interest Rates

Latest from BloggingStocks

Weblogs, Inc. Network