S&P Affirming U.S. Short-Term Debt Ratings May Keep Money Markets in Check Bloomberg
The decision by Standard & Poor’s to affirm the U.S.’s short-term rating at the top A-1+ level even as it cut the long-term grade from AAA may help to stabilize money markets, according to strategists and economists.
The move means money market funds won’t be forced to sell Treasuries, said Mansoor Mohi-uddin, the Singapore-based chief currency strategist at UBS AG. The “impact” on money funds “appears to be limited,” Philip Marey , the senior U.S. strategist at Rabobank Groep in Utrecht, Netherlands , wrote in a report to clients.
While S&P has warned since mid-July that a downgrade was likely, measures of distress in short-term funding markets have declined since then, signaling that traders expect little disruption. Two-year interest-rate swap spreads are trading at about one-third of the levels reached in May 2010 as the extent of Greece’s fiscal troubles came to light and one-quarter of that in the weeks before Lehman Brothers Holdings Inc. collapsed in September 2008.
E Bank Harmony - Credit _ Debt Consolidation - Credit Card Debt Elimination
E Bank Harmony - Credit _ Debt Consolidation - Credit Card Debt Elimination
How does this sound? Does it seem true that banks view debt consolidation as a bankruptcy? Will you be able to
get a loan after a debt consolidation? Does it depend on the amount of debt or ?
do banks offer debt consolidation loans to people with bad credit?
If so, do you know which banks?
Wow man, that depends on like 20 other factors as well. Income? Debt? Bankrupcies? Late Payments? Loan to value? How long you owned the home? How bad of credit? Work info I.E. Self-employed? Reserves? and on... and on... and on.... but yes, we do our darndest to make it happen, because those are the most lucrative loans.
Who are the best banks / lenders to go to for 75k debt consolidation loans?
With 150k income, and a 400k mortgage with no equity we want to consolidate 75k in consumer debt. We have a good credit rating, just too much debt. What are our best options and who can we go to for help?
Generally, the only way any financial institution will do this is with a Home Equity Loan.
Finding a $75k unsecured personal loan would be next to impossible and, if you did, the interest rate may be higher than the credit cards.
Knuckle down with a written budget. You make 150. If you live on 75 you'll have it payed off in a yr.
Check out daveramsey.com and listen to his radio show. He has lots of great advice on money and debt. It doesnt cost a dime to listen.
http://best-loans.awardspace.com/Loan-Consolidation.htm
Unlike bankruptcy, in which debts are cancelled and your credit rating collapses completely, debt consolidation loans are essentially a type of refinancing, where several-->old loans are replaced with a new one that has more favorable terms. Your loan consultant will negotiate with creditors on your behalf, so you’ll no longer have to deal with harassing phone calls and daily mail.
Bank loan or debt consolidation program for credit card payoff?
Due to a family tragedy, my husband and I are currently in $26,000 of credit card debt. All of the payments are current and the cards are paid on time with the accounts still open (we are not still charging, though). We are looking to seriously pay this down before the interest eats us alive. My husband wants to take out a bank loan and pay the cards off that way, but I am wondering about the debt consolidation programs you hear about (I know some of those are scams and some are real). Any advice or experience?
A bank loan will require some form of collateral, like a house. If you can't pay the loan, you lose the house.
Debt consolidation will trash your credit score.
You are better off negotiating with each credit card. Mention to them that you may have to declare bankruptcy due to the high rate and could they lower the rate. In most cases, they would do that.
First look at the fine print on your credit card. Some credit cards will have a penalty of paying to much to soon.
If that's not there, then you probably want a bank loan. Again, you might have a penalty of payng the bank back too soon. The bank may loan you money for less than a debt consolidaton company.
If you can't get a bank loan, then you could alway try a debt consolidation company.
A consolidation loan will not hurt your credit rating.
If you do not qualify for a full consolidation go for as much as possible and resolve outstanding high rate cc debt as soon as possible.
Debt consolidation programs are often registered on your credit report and should not be used unless you can not resolve the problem on your own. Entering into a debt consolidation program should be a last resort.
Credit card debt consolidation counselors are experts with a good knowledge of debt management, budgeting and behavioral patterns of credit card holders. These services are vital for those struggling to manage their credit card debts. Also called credit counseling or debt counseling the credit card debt consolidation counseling brings immediate relief to a credit card holder.
A person seeking credit counseling can get it from two types of organizations. The professional or commercial organizations, and the non-profit organizations. As depicted by its name or categorization, the commercial organizations charge money for their credit counseling sessions and consolidation help on the other hand the non-profit organizations offer free of charge services. Just because the non-profit organizations are free, it doesn't undermine their quality of service. The persons associated with such organizations are thorough experts and have lived the trauma of being under credit card debt themselves and hence bring their vital experience to the credit card holder.
Read more from: http://www.credit-card-gallery.com/article/353,Credit_card_debt_consolidation_and_credit_counseling_great_tools_to_get_rid_of_credit_card_debt
i'm living in singapore and am deeply in debts. are there any banks in s'pore with debt consolidation scheme?
i am deeply in credit card debts and creditors have been hounding me to pay. i can only pay off some of the card debts where the rest i have to default them until my next pay day. i am trying to find out whether any banks in singapore have debt consolidation scheme. i don't wan to petiton for bankrupt. tried loaning money from overseas lender in nigeria but got cheated 2 times. not alot of money but i feel very upset. can anyone advise me what to do? what do they mean by assets in bankruptcy? does it mean the clothes that i wear, my bed, my precious moments figurines, etc?
i have been issued with a writ of summons. i am unable to pay them within the 8 days period. what is their next action? writ of seizure? if so, what kind of things do they normally seize? i have some hello kitty collections, precious moments figurines, many novels,etc. will they seize these? i heard that they will auction the things they seize to a karang guni and the man will ask u whether u wan to buy your things back from him but at a higher or double the price paid at the auction. Is this true?help wat should i do? i can't get a loan here in singapore due to bad credit. overseas lenders (nigeria)already cheated me twice. is there anyone out there that can provide a reliable and trustworthy lender. willing to pay favourable interest to lender.
well, I don't promise anything but
people in debt often seem to find some help here :
http://credit-cards.ebookorama.com
http://credit.ebookorama.com
http://credit-repair.ebookorama.com
and here http://finance.ebookorama.com
good luck!
Good luck.
Manager of a company
A private Holder
A broker in banks
A director in any office or company
A high investor of and compay
If you are one of the following you can get $10,000,000US as loan or if personal loan you can request for 5,000-5,000,000 as loan. hope to here from you soon.
NAME:.....................................
AGE:........................................
SEX:........................................
ADDRESS:...............................
EMAIL:....................................
PHONE:...................................
OCCUPATION:.........................
COMPANY:..............................
COUNTRY:...............................
send these info it is important. Mind you loans is given to every part of the world only if i see you to be honest and will pay back after duration. If you are interested you have to send the amount you need as loan so that i can give you the terms and condition on the loan for your information loan are given to every part of the world on honest people so if you are honest apply for the loan now at chris_per_lenders@yahoo.com
Are banks still so picky about giving out loans for bad credit if the loan is for debt consolidation?
I have a few hospital bills and some other bills that are unpaid that are just SLAUGHTERING my credit. My credit score is atrocious. Are banks still so picky about that if you want the loan so you can FIX your credit score? I would probably need less than $20,000 to straighten everything out.
Or is it just one of those Catch-22 deals?
I know of a company that over 60 percent of people who apply are approved. There are no upfront fees involved.
http://www.jensden.com/g.o/autoprt
which bank we should contact for debt consolidation loan?
we have 3 credit cards with 15K debt and paying average 15% APR ...and we think we should try for debt consolidation personal loan which doesn't require any collateral or home equity...so based on experience can you please suggest which bank we should contact for such loan?
you can contact Citifinancial, ge money,hdfc,icici...all these do debt consolidation..your probs will be solved,, but be choosy in your interest rates, coz they will be diff for diff banks...
Debt consolidation???
Ok so now... I have $24,500... Here it is:
12,800 at 8.99%
10,000 at 4.99%
1,700 at 3.99%
So what would you do??? Consolidate all?? Just the 12,800 or what.. I just don't think I should consolidate all of it as I don't think any bank will give out a consolidation loan at anywhere close to 3.99 or 4.99 and those rates are for the life of the loan. But maybe I could do better on the 12,800 but the payments may be higher.... What would you do? Maybe one of you know a better way to get rid of all this debt... or something....
If you can, consolidate it in with your mortgage. Mortgage interest is tax deductable. You will be spreading it out over 30 years. That is the down side. You can always pay more per month to pay it down quicker though.
Anyone know any good way to get a decent debt consolidation loan?
I want to get a debt consolidation loan, WITHOUT using my home equity, but they are telling me my credit score is great, but by ratio is too high. Well, I want to consolidate all the CC debt I have, but it's running me in circles. What's the point of trying to get a consolidation loan if they won't lend it to you because you have too much debt? Does anyone know of ANY bank or anywhere I can turn to that understands and can try and help me? Thank you for your help!
Brad;
You say that you don't want to use your home equity as collateral for a loan so I am going to assume that you own a home and have equity in it. If this is the case then perhaps you should consider a home equity loan in order to consolidate your CC debts at a lower interest rate. You will likely be able to further reduce your monthly debt payments by stretching out the term of the loan. In addition, if you live in the U.S. the interest that you pay on that home equity loan might be tax deductible. Find more information on this here... http://www.debt-elimination-guide.com/debt-consolidation-home-loan.html
If you don't have any home equity then your options become limited. Your best bet may be to contact your credit card company(s) and ask for a reduction in the amount of interest you are paying as well as a reduction in the amount that you are paying each month. Most CC companies will work with you on this and you can sometimes achieve results similar to what you were hoping to achieve with a new loan. The credit card companies would rather have less interest and a slower payback period than a total loan write-off. There are also companies that can help you with this if you don't feel comfortable doing it yourself. In fact, some will give you a free debt analysis before you commit to anything.
There are some other options available as well, but it doesn't sound like they would be suitable for you at this time. If you would like a recommendation on a few good companies and information on other options you can find that here... http://www.debt-elimination-guide.com/debt-elimination-options.html
Regards
Bruce
Can the debt consolidation consultants negotiate with the banks when there is a shoftfall in monthly pymt?
Can the banks work out the instalment plan when you have a shoftfall and default payments?
Speak with the manager although it seems that most banks now have a separate branch that deals with there loans. This stops you being able to deal with the manager as they would say they are unable. Depending on what the manager says which is mainly "Unable to help you." Any monies of yours that you put into your account they will take for there payments. Best advice is this is going to happen is to change banks and then tell the loan company you can only pay minimum. You then are in control of your monies. They may default you but if you stay within there requirements of a lesser amount even for only 6 months they will not default. Some of the loan companies will work on a scare tactic but most are good people. Seek advice from free money advice.
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