Payday Loan Lender “Advance America Cash Advance” Set to Report Earnings for Second Quarter on July 28th
On Wednesday afternoon of July 28th, payday loan lender Advance America Cash Advance is set to report earnings for the second quarter. The earnings will be reported after the bell on Wednesday and the company will have a conference call on Thursday, July 29th at 8:00 am. Advance America Cash Advance Centers has seen its [...]
Bad Credit Car and Auto Loans Could Cause More Problems as GM Buys AmeriCredit
It seems as if we have seen this movie before. GM decides to jump into a financial services business that offers bad credit borrowers auto loans. No, it is not 2007, it is 2010 and GM is buying subprime mortgage lender AmeriCredit for $3.5 billion. It is very important to recognize that the automaker is [...]
Unemployment Benefits Extension Allows the Struggling Unemployed Insurance Through November 2010
The unemployment benefits extension allows many struggling Americans who are unemployed to receive insurance benefits through November 2010. It is very important to remember that this is not an extension of a Tier 5 but an extension to those who can still apply for benefits prior to Tier 5. At the present time, the unemployed [...]
FHA Government Mortgage Changes Include 3.5% Down Payment, Credit Score Minimums and Insurance Premium
There have been some FHA government mortgage changes since the beginning of 2010 that include a 3.5% down payment, credit score minimums have been risen and the mortgage insurance premium will increase in certain situations. These changes could make a huge difference when it comes to some less than perfect credit borrowers getting a home [...]
Government FHA Mortgage Programs From Most Lenders Offers Less Than Perfect Credit Loans
In a recent article on Seeking Alpha, there is a great quote from the Government FHA website explaining that FHA mortgage programs from most lenders are available to those with less than perfect credit. From the FHA website: “Why should you choose an FHA loan? There are many good reasons to choose an FHA loan, [...]
Wells Fargo Sees Refinance Mortgage Rates Lower But Foreclosures Climb in Second Quarter
Wells Fargo has seen lower refinance rates in the second quarter but foreclosure continue to climb. In the second quarter of 2010, 30 year fixed mortgage rates were below 5% for much of the time. Unfortunately, these low mortgage rates do not help those who cannot make home loan payments. Total foreclosed assets on the [...]
Senior Citizens Protected Against No Credit Cash Advance Payday Loans – CFSA Creates Rules for Bad Credit Loans
The CFSA has created rules to protect senior citizens when it comes to no credit check cash advance payday loans. The Community Financial Association of America recently released a statement showing support of the new rules and regulations of firms who are protecting social security recipients. There is a practice in the bad credit payday [...]
Daily Mortgage Interest Rates Today July 26 – Morning Update – Lowest 30 Year Rates at 4.4% on Monday Morning
Daily mortgage interest rates for today, July 26th, 2010, are sightly higher than Friday. The rise in the 10 year treasury rate yield on Friday likely lead to a slight move higher in the 30 year fixed mortgage rate. The lowest 30 year rates being quoted are around 4.4%. As of 10:00 am on Monday, [...]
Ally Bank and GM Continue to Seperate – US Government Owned Ally Bank Adjusts to AmeriCredit GM Purchase
Ally Bank, formally GMAC, is currently majority owned by the US Government but it could struggle to gain “solid footing and growth” as GM has submitted a proposal to purchase subprime lender AmeriCredit. This is just another step in the process of Ally Bank and GM continue so separate since the 2006 spin off of [...]
Companies Using Obama Credit Card Debt Relief Plan or Rapid Debt Reduction Punished by FTC in July
The FTC website has announced that another “debt reduction” or “debt relief” company will have to pay a large settlement for misleading customers. There is no such thing as an Obama credit card debt relief plan or rapid debt reduction program in existence. The markets of the “Rapid Debt Reduction” promised to help customers lower [...]
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