Small business credit took a huge hit in 2009 and indicators show that 2010 will be another tough year for those looking for small business loans. Major banks cut their loan balances by another $1billion in October, according to Treasury report. Of the 22 banks that got the most help from the Treasury’s bailout programs [...]

Small Business Loans have been expected to get a boost from the stimulus package and while it has helped it’s basically just slowed the decline. After the recession it’s harder for small businesses to qualify for loans because banks are holding back in their funding loans. Alternative loans are becoming popular for businesses but you [...]

JPMorgan, the nation’s second-largest bank said a new law that limits unfair rate hikes and hidden fees will cost upwards of $750 million a year. the information is here in their quarterly report. The Credit Card Accountability, Responsibility and Disclosure Act of 2009 bans or limits deceptive and unfair practices, such as retroactive rate increases, [...]

Here is Ron Paul talking about some of the current economic situations. Fox is of course using him for their own propaganda, but so is Paul no big deal. The basics of what Paul is saying is that government spending is going to be leading to an economic depression.  He has also recently said the [...]

There are a growing number of loan modification websites popping up all over the map these days (guilty!). I don’t know, maybe it’s the trendy thing to do. I drive home from work and see billboards and road signs plastered everywhere. Overall, the ads are fairly cheesy. They remind me of “payday loan” ads sometimes, [...]

The Obama Administration announced today that their loan modification goals have been met up to this point. Banks and Lenders had been lagging behind according to many troubled homeowners and federal officials began to apply pressure to speed up the process in order to avoid default. Servicers were given a November 1 deadline to get [...]

Many Americans are finding their once prized homes to be like prisons. With mounting debt and the fear of foreclosure, some people simply can’t make payments even with a loan modification and a short sale may be a healthy option. In easy terms, a short sale is when a property is sold on the market [...]

The state of the economy is up for debate. The only conclusion that can be reached is that economists everywhere are scared, running for their lives. It’s true, most are either running from their past actions and comments or clouded in their feelings today, that it all seems like a mess. Treasury Secretary Tim Geitner [...]

Loan modifications are supposed to be one of the keys to saving the housing market and very well may help, but one issue some troubled borrowers are running into is falling credit scores. This is something that most people do not consider and it’s worth taking notice, as Bloomberg News recently pointed out. Loan modifications, [...]