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Credit Crunch

For Savvy Real Estate Advice, Look to The Bard

Michael Sigman | Posted 09.14.2014 | Comedy
Michael Sigman

If, like me, you find that you must sell a beloved home, who better to turn to for advice than the Renaissance real estate mogul William Shakespeare, whose cornering of the 17th-century Stratford-upon-Avon housing market is as impressive to realty buffs as his genius as a wordsmith is to literary types.

Strange Bedfellows: Occupy Wall Street and the Bill Collector!

Jerry Ashton | Posted 11.14.2012 | Business
Jerry Ashton

OWS is certainly muscling (buying?) its way in, but with a "business" model that collection agencies and debt buyers would not have entertained in a lifetime.

Are You Haunted By These Credit Ghosts?

Jeanne Kelly | Posted 11.01.2012 | Money
Jeanne Kelly

When your doorbell rings, you might pretend to be scared by a group of kids wearing ghost costumes. And you'll hand out candy and have a lot of fun. But the ghosts you should really be scared of are the ones who never ring your doorbell... the credit ghosts!

Financing Experts Posted Advice Online for Buying and Selling a Business or Franchise

Jerry Chautin | Posted 10.31.2012 | Small Business
Jerry Chautin

I attended a webinar a few weeks ago called "Best Practices in Buying and Selling a Business with a Focus on Financing." It explored the availability ...

How to Borrow Money to Buy a Car (Even If You Have No Credit History)

Jeanne Kelly | Posted 08.07.2012 | Money
Jeanne Kelly

If you're not in this situation, imagine how hard it would be to try to build a credit history when no one will give you credit. If you're IN this situation, it probably feels like you have an up-hill battle just to get those essential-to-life loans that other people take for granted.

Small-Business Lending Summit Features Obama Administration's Top Appointees, Elected Politicians and Industry Leaders

Jerry Chautin | Posted 06.19.2012 | Small Business
Jerry Chautin

At the recent Small Business Lending Summit, franchising was cited as a popular path to entrepreneurship. But the difficulty that small-business owners face for financing is a challenge.

When Democrats Want De-Regulation More Than The GOP

Eli Lehrer | Posted 04.03.2012 | Politics
Eli Lehrer

Republicans need to look for more creative ways to fight burdensome government regulations. They can -- and should -- start by looking at credit union lending.

Commercial Mortgage Bankers Are Doing Deals As the Real Estate Market Breathes New Signs of Life

Jerry Chautin | Posted 04.02.2012 | Business
Jerry Chautin

Rental apartments are back in demand, financing for hotels and motels is loosening up a bit and investors are stepping off the sidelines with wads of cash to do deals.

Who Is Going to Bail Out China?

Chriss Street | Posted 02.27.2012 | Business
Chriss Street

Given the state integration of banks and the economy, if Chinese local governments are unable to pay their debts, who will bail out China's economy?

2011: Economic Collapse Increases Poverty; 2012: Taking Our Country Back

Richard Walden | Posted 02.20.2012 | Impact
Richard Walden

Gather your brood, your workmates, the family in the next pew -- and talk about what your own role might be in improving our lot.

Bonnie Kavoussi

Crunch Time: Bank Downgrade, Credit Squeeze Signal Possible Return To 2008 | Bonnie Kavoussi | Posted 12.15.2011 | Business

The situation in Europe is hitting global credit markets, making it harder for companies and banks to secure loans. Investors are buying fewer corpora...

The European Banking Authority (EBA) has warned lenders against being so risk-averse as to prompt a credit crunch.

Posted 12.11.2011 | Business

FRANKFURT - The European Banking Authority (EBA) has warned lenders against being so risk-averse as to prompt a credit crunch. It also said regulat...

Time for a Plan B?

Claire Fordham | Posted 01.30.2012 | Fifty
Claire Fordham

Most of us don't have a financial cushion in the event of job loss and aren't blessed with wealthy parents or trust funds, so some kind of Plan B might be a sensible idea. What's yours?

SBA is Making Lines of Credit More Available --- Maybe

Jerry Chautin | Posted 01.11.2012 | Small Business
Jerry Chautin

To provide the much-needed liquidity, the U. S. Small Business Administration is revising its CAPLine program to make lines of credit more acceptable to lenders and more available to small-business owners. However, banks would rather make conventional LOCs rather than hassle with some of the SBA's requirements.

The 1% Versus The 99%: Who Has Better Credit?

Justine Rivero | Posted 01.08.2012 | Business
Justine Rivero

As Occupy Wall Street focuses much of its agenda around the financial health of America, we took a look at the personal side of financial health for both sides of the 1 percent and the 99 percent.

Speed Coaching: Ready, Set, Go!

Jeanne Kelly | Posted 08.02.2011 | Business
Jeanne Kelly

Growth is necessary for business success. 2011 is the year to move forward out of the past into a bright future for your business.

The Banks Need a Murdoch Moment

Felix Riley | Posted 09.16.2011 | Business
Felix Riley

The politicians have shown us what is possible when they harness public outrage, have shown us how an over-reaching bully like Murdoch can be beaten into a retreat. We need the same with the banks and we need it more urgently than any problems deriving from News International.

Experian Now Reporting Rental Payments

Jeanne Kelly | Posted 11.17.2011 | Healthy Living
Jeanne Kelly

It came as big news to me earlier this year when I heard that Experian would now be reporting rental payments. Folks have often said to me that they ...

Clearing the Path to Better Credit

Jeanne Kelly | Posted 05.25.2011 | Business
Jeanne Kelly

Earlier in the week I watched from the cozy nest of my living room as the snow piled up on the driveway and the walk outside my home. But thinking abo...

Mortgage Banker's Forecast: More Regulation Will Cost Consumers and Taxpayers

Jerry Chautin | Posted 05.25.2011 | Business
Jerry Chautin

Washington, D. C. is hot, but the rest of the nation is not when comparing our unemployment rates to the nation's capitol. "The largest over-the-month...

The Great American Credit Catastrophe Is Our Generation's 9/11

Michelle Kraus | Posted 05.25.2011 | Politics
Michelle Kraus

The housing crisis is just one piece of the big, ugly mess of the consumer credit debacle. It seems to me that our president must call for immediate reform and take action through executive order.

New Refinancing Program May Help Stem a Pending Foreclosure Disaster

Jerry Chautin | Posted 05.25.2011 | Business
Jerry Chautin

Pundits say that $350 billion of commercial mortgage loans are coming due for payoff. The balances still owed are so high that many borrowers will be unable to refinance conventionally.

Franchising Is an Alternative to Unemployment if You Can Get Start-Up Financing

Jerry Chautin | Posted 05.25.2011 | Business
Jerry Chautin

Self-employment is an alternative to unemployment. Yet, determining what kind of business to start, knowing how much money you will need, and what steps to take can be daunting

Low Credit Scores Challenge Recovery in Illinois Communities of Color, but All Is Not Lost

Dory Rand | Posted 05.25.2011 | Business
Dory Rand

Over half of the people in Illinois' predominantly African-American communities likely would not qualify for low-cost, prime credit. What does this mean for these neighborhoods' chances for revitalization?

Parents Are Stealing Their Children's Credit

Posted 02.13.2014 | Business

As if the young didn't have enough privacy issues to worry about. Good Morning America reports an alarming new trend of desperate parents stealing ...