A Sign Of The Times Affordable Low Cost Health Insurance How To Get The Credit Card You Want How To Get Your Free Credit Report Free Prepaid Credit Cards Friendly Plastic For The Very Young Pocket
Traditionally, California has had a low foreclosure rate. However, in the last quarter of 2006, 37,273 Default Notices were sent to California Homeowners; an increase of 36.9% since the previous quarter.
High appreciation and strong sales in many areas have masked the possibility of on-coming problems. With the cooling housing market; higher interest rates; those inventive loans (targeted at people with weak or blemished credit), and prices out-of-reach for many buyers, according to the Center for Responsible Lending (CRL) 2.2 million American households will lose their homes; $164 billion due to foreclosures.
A Default Notice is the prelude to foreclosure; however, most Homeowners emerge from this tragic situation by:
1) Refinancing: drawing on the equity of the property to bring the mortgage payments current OR
2) Selling the Property: using the equity of the property to pay off the loan
Even so, earlier in the year, 32 percent of Homeowners who found themselves in default actually lost their homes to foreclosure; a year ago it was only 8 percent. This is in line with a study conducted by the Center for Responsible Lending who predicts that housing prices over the next five years will fall and cause exit strategies to shut down.
The housing boom is fading. The disconnection between incomes and high real estate prices is evident; there is an increase in the number of Californians struggling to hold onto their homes.
A majority of the loans that have gone into default originated between January 2005 and February 2006. The median age of the loan was fifteen months.
Homeowners were a median five months behind on their primary mortgage payments when the Lender initiated the Default process.
On Lines of Credit, the Homeowners were behind a median of six months.
On a loan-by-loan basis, mortgages are least likely to go into default in the Bay Area, but more likely to go into default in the Central Valley and Inland Empire areas of California.
There are 7.87 million properties in California, when one home forecloses the surrounding properties lose value, as well. By threatening the stability of the neighborhood, foreclosures hurt everyone.
Homeowners work hard to provide the economic security and ownership benefits to their families what changes can be made in this great country of ours so that owning a home is fair, affordable, and sustainable?
Finding affordable, low cost health insurance may seem difficult, but with a bit of planning, searching, and researching you will be able to find a health insurance policy that offers the coverage you need at a low cost price you can afford.
Follow these steps to get started.
Look at your budget. After you pay your monthly bills and set aside enough money for essentials such as food and gas, how much money do you have to spend on health insurance? Be truthful with yourself. Do not imagine money that is not there, and do not overlook money that is. You want to spend enough for adequate health insurance, but you do not want to put yourself in a bind. Once you are aware of your budget, you can begin searching for health insurance that is low cost and affordable according to your budget.
Consider your options. The ideal option is probably your employer or your spouse’s employer. If you have the option of purchasing a group health insurance policy from your employer or your spouse’s employer, choose it. Group health insurance policies are usually the most affordable, low cost health insurance policies available. Of course, not everyone has that option. If you do not, consider contacting your state’s insurance department to find programs that offer affordable, low cost health insurance plans for which you’re eligible.
Research several health insurance companies. If you are not eligible for any programs that offer affordable, low cost health insurance plans and have opted to purchase an individual health insurance plan, make sure to research several health insurance companies before making a decision. Getting affordable health insurance at a low cost will not matter if the health insurance policy does not provide the exact coverage you need.
You should not rush when searching for affordable, low cost health insurance. Consider your budget, explore your options, and find a policy that is right for you.
Credit cards are reasonably easy to get these days. In fact, you really do not have to do much in order to read about what offers are available – they automatically come to your door, or in your emails. These offers, however, may not be something you need, or want. Here are some tips as to how to evaluate a credit card offer and end up with the credit card you want.
The first thing you will want to do is to see if it is the kind that you can really use. Remember that just because it is a credit card, that it may not be one that will actually benefit you very much. The one that will benefit you the most is one that offers you the highest level of rebates on things you normally charge the most of each month. So, if you travel a lot each month on planes, you want one that will give you a lot of air miles points, and other points for your hotel and restaurant expenses, too. After you decide, then go on and look over the other things.
The next thing is to look at the introductory offer and note what it promises. There are generally two aspects of the offer. The first one pertains to the purchases you make on a regular basis. Most cards will now give you a 0% APR interest on your purchases. The time frame, though, will vary from one card to another. This period can be anywhere from three months up to fifteen months.
The introductory offer will also offer the option for balance transfers. Check to see when you can do this. Some credit cards only allow you to make transfers when you apply, others, may only give you a couple of months. Then, be sure to look at how long you will get the 0% APR interest on the transfer, and find out if there is a fee or not.
The interest rate on the credit card is another thing you definitely want to notice. A lower rate is better. About the lowest you can go is 9.99% on you average card. If you have a business, and get a business credit card, you can actually get one that has no interest, but it will have a yearly fee. This could a significant savings in the long run, because usually the fee is voided for the first year, and if you carry a balance, the interest charged could easily become higher than an annual fee which is often around $125.
Pay attention to the rewards or rebates that you get with the card, too. These can really sweeten the deal. Go for one with the most possible. Some credit cards will only give you points on certain purchases, and other ones will give you points on just about everything, but with a different point system. For instance, when you charge food, gas, or medicine on some credit cards, they will typically give you from one to three percent back. That is what you want. Be sure to compare before you settle on a particular credit card.
Your free credit report supplies you with all the necessary information you need to know about your personal credit history. You can request your credit report personally and receive the information online. Without much effort and a small amount of time, you can request a “free copy of my credit report” from an online service.
The website Annual Credit Report allows you, the consumer to review your free credit report once a year. If you do not have access to a computer, you can request a credit report by filling out the information available from the FTC and sending it to the address provided for Annual Credit Report.
The three top credit agencies that you receive a credit report from are Equifax, Experian and TransUnion. These credit-reporting agencies have all your personal information as well as your credit history and your credit score. All the reports come as one request per year. If you decide to ask each credit agency separately in writing for this information, without using Annual Credit Report services, you have to pay a fee for the credit report.
If you have received a denial on a loan or credit card, a job or an insurance policy, you can still receive a credit report free from the credit agencies without payment. This has been a ruling for years and this free service does not affect that option. Because your credit report is free, viewing it once a year prevents any problems down the road from fraudulent claims or identity theft as well.
Obtaining a free credit report online is done by visiting the website and checking “free copy of my credit report” then submitting your information. This is a free credit report without a credit card. Annual Credit Report does not charge to view your credit report like some sites. It is hassle free and quick with no payment needed, unless you request your credit score, which is a different type of credit history.
Get your free credit report today from Annual Credit Report and see what your credit history says about you and your finances. Do not get turned down for a loan or a job because you had no idea that your credit report stated something less than satisfactory.
It isn’t a riddle, but it sure has the makings of one. You want to give your teenager a little spending power. You know your daughter could use the money to order things online. You believe giving her a plastic will help her learn financial responsibility, too. She can teach herself the finer points of budgeting and being accountable for her purchases. There are, however, two obstacles to your plan. The first is your daughter’s age. She is only thirteen. As a minor, she cannot enter into credit card transactions. The second is her self-control. You’re not sure how much self-restraint she could exercise, particularly when faced with a tempting array of bikinis, handbags, and dresses. So, what do you do? What do you get your daughter? The answer is made up of four words: free prepaid credit cards.
Free prepaid credit cards work in much the same way other prepaid cards do. You deposit a certain amount of money. Then, you get to use the card only to the extent your previously deposited amount allows you to. So you see, your cash balance works exactly like your other plastics’ spending limit. Your purchasing power is only as good as your cash balance.
Free prepaid credit cards are the perfect way for you to keep your spending within reasonable limits. While the usual plastic lets you swipe away to your heart’s content, free prepaid credit cards are only useful for as long as you do not exceed the prepaid amount loaded onto your card. This makes it the perfect plastic for people with spending problems, students on a budget, or teenagers who are being taught money lessons by their anxious parents.
A Credit Card That Isn’t Really a Credit Card
Free prepaid credit cards are classified as credit cards. Many claim, however, that this is a misnomer. A prepaid credit card is not really a credit card. Why? To begin with, no credit is offered by the card issuer. The cardholder spends money that has been stored in the card through a previous deposit. It is precisely for this reason that free prepaid credit cards may be issued to minors. Because there is no credit involved, minors are free to own their personal prepaid credit cards.
So Why Get Free Prepaid Credit Cards?
There are advantages to getting free prepaid credit cards. The most obvious is that they are very easy to qualify for. In fact, they can be bought over the Internet. Additionally, many providers do not run credit checks or investigate your income. Because it’s your own money you’re putting up, providers do not put you through hell and back just so you could use your card.
Then, too, you do not pay interest charges on your free prepaid credit card like you would with a regular plastic. Why would you? You are, after all, using your own money. Another advantage is that free prepaid credit cards look exactly like regular Visa or Mastercards They are honored everywhere a regular card is. Furthermore, some free prepaid credit cards help you rebuild credit. Each time you use it, you are creating higher credit rating for yourself.
We live in a world where our buying power is largely based on our credit rating. Clearly, credit is good, high credit rating is to die for, and free prepaid credit cards are for all of us who have spending problems, have been remiss with paying off debts, or are below 18 years of age..
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