Blue Dog Democrat asked:


…give incentives buyers of cars from the Big 3? Like we did with hybrids, offer a $2500, $3500 or even $5000 tax credit to anyone who buys these cars. That would spur sales and put the decision to buy or not (and what to buy) directly in the hands of the consumer.

LEWIS

Daniel Major asked:


The practice of taking out a single loan in order to pay off all previously existing loans is referred to as consumer credit debt consolidation. The reasons that people choose this debt elimination option are to secure a lower interest rate, and also for the simple convenience of having to pay only one loan at the end of each payment period.

Collateral is traditionally required in these types of loans due to the borrower’s tarnished credit history. Depending on the total amount of the consolidated loan, the collateral may be the owner’s home, automobile, or any other piece of property of considerable monetary value.

If you are a home owner with a sum equity invested in your home, then you have the opportunity to apply for a home equity loan. This type of loan is reserved for people who own a home and are struggling with other debts. In this case, your home is counted as the collateral. This may seem like somewhat of an intimidating option, but there is one significant advantage that attracts many people. Since the collateral is of such high personal and monetary worth to the borrower, the interest rate on the loan would be significantly lower than any other loan.

Even if your debts are not causing a tremendous burden on your bank account, reorganizing your debts may still make good business sense. These are just a few of the ways you can go about it:

Home equity loan

These loans have an attractive advantage in that they carry a low interest rate, and whatever interest you do pay is tax deductable. Any time taxes are taken out of the equation is a great time. It goes without saying that that would be one less expense you would have to deal with each month.

Refinance for extra cash

Another great advantage of taking out a home equity loan, or a consumer credit debt consolidation loan, is that you can refinance your property for a greater amount than what you actually owe. When you do this, you can use the extra money from your new loan to pay off your other debts. Yet again, the interest rate you would get on this sort of a loan would be relatively low.

Refinance your vehicle

Your personal vehicle is considered as an eligible asset and can be used as collateral in your refinancing. One issue you may have to face, however, is that due to the nature of an automobile, your car may break down before you even have the chance to fully repay your debts.



Obtain a personal loan

If you have untarnished credit then you are qualified for an unsecured loan, otherwise known as a personal loan. Word of advice: credit unions will typically offer lower interest rates than banks, so you may consider getting in touch with them instead.

Self negotiating

Direct dealing is more effective in some cases than dealing through others. This way you can communicate directly with your creditors, or whatever other parties are involved, and you won’t have to worry about paying for the services of a middle man. As an added bonus, sometimes customer service representatives are capable of reducing interest rates for clients with a simple phone call. Maybe you ought to try putting in a call to your creditors, today?

Another alternative

You may also want to consider the options you can find on the Internet for consumer credit debt consolidation. There are a lot of scams circulating around the web, but if you do your research, you are sure to come across a legitimate company that you can work with. There are many truthful success stories around the Internet that can attest to the power of some online debt consolidation companies.



LAWRENCE

College Credit Builder asked:


The Detroit Tigers® team logo can now be featured on the Major League Baseball™ Extra Bases™ Credit Card issued by Bank of America.    (www.tigerscreditcard.com).   This rewards credit card is scoring big with avid baseball fans and credit card consumers across the country.  Like many department stores, colleges and airlines have done for decades, Major League Baseball™ teams are now being displayed on consumer credit cards.  These sports oriented rewards credit cards — a great way for fans to express their undying team loyalty –  are proving to be a home run in the credit card industry.

Features offered by the Major League Baseball™ Extra Bases™ Credit Card from Bank of America include:

•           No annual fee.

•           0% introductory Annual Percentage Rate (APR) on balance transfers and cash advance checks for your first 12 billing cycles.

•           Earn 1 point for every net retail dollar spent redeemable for MLB™ autographed memorabilia, once-in-a-lifetime MLB™ experiences, cash rewards and travel with no blackout dates.

•           Get an official MLB™ licensed jersey after your first qualifying transaction(s) using your MLB™ Extra Bases™ credit card.

During a period of economic instability, uncertainty in the stock market, illiquidity in the credit markets and the softening real estate market, one thing remains constant – sports fans are crazy about Major League Baseball.  Historically, baseball has given the public something to believe in and something to hope for, particularly during difficult economic times.  With the MLB™ Extra Bases™ credit card, Tigers fans can be reminded of their favorite team every time they take out their wallets.  Real fans carry the card with pride.  Visit www.tigerscreditcard.com to complete the credit card application online in a few short minutes.

http://www.articlesbase.com/baseball-articles/detroit-tigers-credit-card-major-league-baseball-extra-bases-mastercard-626519.html



STEPHEN

Little Foot asked:


I am currently building a website that will sell products to consumers. And I want to ensure that my site is safe for credit card transactions ..is HACKER SAFE a service? How much do they charge? Put any details if you know it will help out alot! thanks!

ABRAHAM

jonsantarlas asked:


Collections, End of the year?

I have 8000 in collections and have avoided the collectors for almost a year. My dad told me to hold off until december and try to make a deal with them bc he said they give better deals at the end of the year. (They wont even send me a written balance statement, let alone settle for less than paid- currently) I was planning on entering a governmental consumer credit counseling program. My dad said not to. What should I do?

REX

Kattie S asked:


I have studied for everything but i am not really sure what math concepts or consumer credit is….can someone please help me?????

CHADWICK

sands6270 asked:


My husband and I may have to file for bankruptcy.We had a premature baby that left me critically ill and now we have too many medical bills to pay. Is there anyone who maybe has been through the process that could tell me what to expect. I tried consumer credit counseling but cannot make those payments either with my income. Please share any info on what to expect. thanks.

GRAHAM

eastenderbird asked:


Hi,

I applied online for a loan last week, with a company offering an immediate response/decision.

I filled in the online application & at the end it said that I had been ‘conditionally accepted’ at a higher-than-advertised interest rate (which I was still happy with, as I know my credit rating needs improvement).

They posted two Consumer Credit agreements to me, I signed both & returned one, along with two suitable proofs of address.

However, the day after I was conditionally accepted for this loan, I stupidly applied for another (I was worried that the other one still might not work out) - & I was rejected!

Will this affect my first application? I’m really worried as I desperately need this money & I’m pretty sure that no other companies will give me a loan!

Thanks
Additional info - I only sent back one copy of the credit agreement as the other is for me to keep.

What I basically wanted to know is, how likely is it that the first company will turn me down, after conditionally accepting me, taking my bank details, sending credit agreements out to me, & asking me to provide them with proof of my address? Are they likely to check my credit history again & see that I have applied for another loan?
Thanks for all the info everyone, it’s most useful.

I’ve called the company who conditionally offered me the loan for the past two days…yesterday they didn’t know whether the relevant department had received my paperwork back, today the guy I spoke to tried to call that department but couldn’t get through & said he’ll give me a call back once he’s spoken to them…hopefully he will!

I’m based in the UK, so I dunno if being accepted for loans maybe works differently here to in the US? I need the money as I’m coming to the end of my degree, which has been a complete waste of time & cost me a fortune, I need to consolidate all the debt I’ve incurred & move on with my life!

Thanks everyone for your help & concern though

OCTAVIO