Finance
Trade deficit widens unexpectedly to record one-month increase
Wall Street went into a panic Wednesday as the Commerce Department reported a sharp increase in the U.S. trade deficit in June. After narrowing in recent months, the U.S. trade deficit unexpectedly widened in June by a record $ 7.9 billion. Stocks nose-dived at the news. Analysts thought the U.S. economic recovery had slowed ...
Buy and Bail — Skipping out on guaranteed loans more common
It's called "Buy and Bail" -- getting a second mortgage-guaranteed loan to buy a home before strategically defaulting on the first. Some lenders, including Freddie Mac and Fannie Mae, have tried to limit the practice, but it is becoming more popular. Buy and Bail is not illegal by itself, but numerous of the borrowers who ...
How to keep away from personal finance mistakes that cost a lot of money
A lot of people make financial mistakes by spending money without thinking. Living for today and forgetting about tomorrow can get you in trouble. Of course, nobody is perfect and it is no fun being a tightwad. Mistakes could be avoided when using personal finance management.
Control personal finance with a budget
It is a mistake to ...
Not enough good borrowers for small business loans
A bill designed to help smaller banks make more loans to small businesses is about to be voted on by the U.S. Senate. This bill will help create $ 300 billion in accessible capital to help smaller businesses. The bankers, though, are saying that a quick payday loans advance isn’t what the industry needs. Businesses ...
The Arizona ban and the financial reform bill
The state of Arizona lately allowed the licenses of money lenders for the entire state to lapse. Payday loan stores are within the process of closing their doors all over the state and are moving on to different pastures. Obama's signature is the only thing the financial reform bill needs to pass. Most are worried ...
