As interest rates for mortgages, car loans and credit cards soar, American consumers are being forced to borrow their own money at exorbitant rates from the financial firms who access funds from the Fed at rates near zero. That’s another odious element of the trillion dollar Wall Street bailout, notes “Where’s Our Money?” – a blog [...]
Continue reading...Wednesday, April 14, 2010
The makers of the world-renowned Red Stripe lager and everyone’s favorite emissary of happiness, the Red Stripe Ambassador, are bringing some fun to one of the biggest days of the year, Tax Day, April 15th, with new Red Stripe Light. Red Stripe Light gives consumers just what they want in a light beer – easy-drinking, refreshing [...]
Continue reading...Wednesday, April 14, 2010
After Congress passed legislation last year reining in some of the worst credit card lending practices, many banks responded by hiking interest rates before the new rules went into effect, including on customers with perfect bill paying records. Now Consumers Union, the nonprofit publisher of Consumer Reports, is calling on the Federal Reserve Board to require [...]
Continue reading...Tuesday, April 13, 2010
Standard Deduction Amounts Increased for 2009 Tax Returns One of the first decisions taxpayers must make when preparing their returns can also be among the most challenging. Should they itemize or simply take the standard deduction? With less than a week to go to the April 15 tax filing deadline, Jackson Hewitt Tax Service® [...]
Continue reading...Saturday, April 10, 2010
Mortgage rates increased for a third straight week, with the average conforming 30-year fixed mortgage rising to 5.35 percent, according to Bankrate.com’s weekly national survey. The average 30-year fixed mortgage has an average of 0.47 discount and origination points. The average 15-year fixed mortgage hit a new high-water mark for 2010 at 4.69 percent and the [...]
Continue reading...Wednesday, April 7, 2010
The newly proposed and widely debated creation of a Consumer Financial Protection Agency (CFPA) under house legislation (H.R. 4173) have critics questioning how its regulation could realistically help the current state of economic crisis and its potential for limiting consumer credit options, reports Pay1Day.com. In an article by South Carolina Senator Jim DeMint, the following was [...]
Continue reading...Tuesday, April 6, 2010
Two Million Small Business Customers Receive Credit Card Clarity Commitment and Improvements to Account Terms In line with its commitment to provide customers with clear and concise information, Bank of America has expanded its industry-leading Clarity Commitment® to its two million small business credit card accounts. The Clarity Commitment – a one-page summary of each customer’s [...]
Continue reading...Saturday, April 3, 2010
United States Senator Mary L. Landrieu, D-La., Chair of the Senate Committee on Small Business and Entrepreneurship, made the following statement on the announcement that approximately 162,000 Americans were put back to work in the month of March: “Last month, approximately 162,000 Americans were put back to work - a sign that the measures Congress is [...]
Continue reading...Thursday, April 1, 2010
Use Yours to Jump-Start Your Own Road to Financial Recovery Tax refunds are up 10 percent this year with an average household refund of $3,036 or $266 higher than a year ago, according to the federal government. The increase this year is largely due to the tax benefits available under the government’s stimulus package. The added [...]
Continue reading...Saturday, March 27, 2010
As traditional bank loans become scarce, more small business owners are turning to alternatives like business cash advances offered by BusinessCashAdvance.com. The company has provided an attractive option to a growing number of entrepreneurs seeking business loans in this tough economy. It expects this trend to continue as credit tightens even further. While many of BusinessCashAdvance.com’s [...]
Continue reading...Saturday, March 27, 2010
The Illinois CPA Society offers suggestions on raising savings smart teens April is Financial Literacy Month, and the recently announced findings of the annual “Teens and Personal Finance Survey” conducted by Junior Achievement (JA) and the Allstate Foundation, indicate it might be wise to pay a little more attention to the importance of financial literacy – [...]
Continue reading...Thursday, March 25, 2010
A Georgetown University/McDonough School of Business study released today found that, in the most recent economic recession, Subchapter S business companies owned by their employees through employee stock ownership plans (ESOPs) demonstrated considerable resilience and performed better than other companies in providing for workers’ retirement security, job creation, and revenue growth. Economists Phillip Swagel and Robert [...]
Continue reading...Thursday, March 25, 2010
Employee business benefits consultant urges patience during webinars Health reform enacted into law Tuesday means short-term and long-term changes for employers. Lockton, a leading employee benefits consultant, advises employers to remain patient and focus first on provisions that take effect as early as October of this year. On a webinar, Ed Fensholt, an attorney and Lockton’s [...]
Continue reading...Monday, March 22, 2010
Businesses are seeking smart ways to keep in the public eye - Cheap-TV-Spots.com offers ten savings tips to help your business get there. One. Help your customers win their budget war - by buying from you. Can you save your customers money? Offer discounts? Cheap TV Spots can create a national quality, affordable TV ad featuring [...]
Continue reading...Saturday, March 20, 2010
Many people filing for bankruptcy are surprised to find out that not all of their debts are discharged – that is, erased. Certain debts are not eligible for discharge, including: Back taxes Child support and/or alimony Any debts that resulted from a government fine or legal decision – for example, DUI fines, personal injury suits, damage to the [...]
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Sunday, April 18, 2010
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