Monday, February 23, 2009

Do you find yourself hating people with huge personal debts

I live within my means. Always have done. When I earned 20k a year, I lived on 20k, now I earn more, I live on moreDoes it annoy you all the idiots in this country who think its their birth right to have nice holidays, clothes and cars paid for on credit cards, because they dont earn enough to support their lifestyle?I have savings, now getting low int. rates because of these idiots, and am worried the money will be worthless in a few years once the effects of hyper inflation kick in
      Answer1:You have to bear in mind that many people simply arent equipped to understand modern finance. Things like APR, credit card debt and household budgeting simply arent taught, and are a mystery to many people. Not everyone is as intelligent or canny as you.
      Answer2:No it doesnt annoy me because life isnt always as black and white as you make it out to be. Yes people get into debt because they shop too much and want the latest this that and the other. However, a lot of people get into debt simply trying to house, clothe and feed themselves and their family. It is a sliding slope and I really feel for people who are in debt as its a constant weight they have to live with and it takes a long time to dig themselves out. Also "hating" a group of people who really have no substance is a complete waste of energy. Focus on making the right decisions in your life and what you get up to instead of hating others and you wont go wrong.
      Answer3:By putting 0 down and doing interest only loans with adjustable rates they have RUINED our economy,.I would like to see these idiots not leasing Lexuss and financing 5,000 bedrooms sets.Their day has come.They will suffer for the mess they have caused.Mabye now stores will stop financing everything from dogs to $200 furniture./
      Answer4:Relax, relax. It is the government that dictates wealth. What you are witnessing in recent news accounts is mere window dressing. They will shuffle a few folks up and down the social strata, but believe you me, the people that do belong in jail wont be going any time soon.
      Answer5:I think your answer is somewhat narrow minded. I am in debt, but not through lack of trying. I hold down 1 f/t job and have 5 part time jobs. I havent been on holiday in 7 years, dont buy clothes unless the ones on my back are falling off. My only luxury is going out on a sunday morning which costs me £2. My husband isnt well enough to work, but this country does recognise mental health illness seriously and so his condition doesnt qualify for any support. Some people in this county do respect themselves and try incredibly hard, not to be in debt. Try living someone elses lifestyle before berrating them and pideon holing everyone into being idiots.
      Answer6:I know what you mean - I have a couple of hundred pounds on a credit card and Im desperately trying to pay it off. These idiots with a dozen cards and a balance of £30-40k just from buying clothes and having an extravagant lifestyle really p**s me off. Then they go to a debt management company and say oh dear i cant pay this back and they get their debts written off!!
      Answer7:I dont blame them too much because people are sheep and it is (or was) part of the culture. I blame the elite idiots who got us into this mess for their own personal gain.When youre bombarded with media idiocy telling you that average house prices of £200K+ are a good thing, and of course someone on the average UK salary (20K) should be lent 10 times their income to buy a 200K house, then you can see where this nonsense comes from. The fact that the same house 10 years ago cost only 50K, and will probably cost 50K again in 10 years time, is irrelevant.And then there were all those adverts for loans, credit cards etc. Why was this stuff even allowed to be broadcast or printed? You cant run an advert saying "take up heroin" or "drink 20 pints every day" after all, because people are actually influenced by this stuff.And we have a situation where the cost of living (not least housing) has significantly increased, so that a lifestyle that was possible on say a librarians or nurses income 20-30 years ago, isnt possible for a librarian or nurse in the year 2009 without getting into tons of debt.
      Answer8:You should never hate, unless maybe someone did harm to you or to a family member. Everyone thinks differently than you do. Some have no concept about money, especially in this country where up til the past year and a half, with the recession, we were brainwashed to think credit was the American way. We have never been a savings nation. We have been told spending(the consumer) is 70% of the Gross National Product, and now no one is spending, hence the downturn.These "idiots" are now in serious trouble for their lavish spending, and many will go bankrupt. You will not. But you may be doing yourself a disservice by putting all your eggs(money) in one basket in a bank paying you 1/2% interest. Now may be the time to take part of it and invest into a good dividend paying stock, one that will not be cutting its dividend, such as AT&T or Verizon, or a dividend fund for example. You need to look out for you and not worry about the next guy, as he will be doing whatever he chooses to do, and there is nothing you can do to stop it. You are responsible for you only. Change your thinking, think positive, and smile. If not, maybe you are the "idiot".
      Answer9:You shouldnt feel this way. Some people are in debt due to circumstances they cant control. Two friends of mine were hit by a drunk driver and sustained many injuries. They couldnt work and had no disability insurance. Even though they have health insurance they had no money to pay bills. They have great debt now even years later from this
      Answer10:i dont think you are realizing the point why people are in so much debt, what with credit cards and finance. If someone on a basic salary of say 12k are offered a credit card with £1000 straight up they are going to jump at it (not realizing they are one day going to have to pay it back), because for now it is just going to give them a bit of ease financially. Plus alot of these debts are from youngsters just growing up in the world, learning from life like we all have.The problem is the banks, just giving money to any willy nilly. There was a Program on the other day, a bank had just been bailed out (BY US) with £40 million and they very same day a student we into this bank and walked out with £5k, £1,500 that day and the rest after 24hrs, just absolutely ridiculous
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What are good ways to earn money

I need some good ways to earn some extra dough!Thanks
      Answer1:Online money making scams are up 400%.Dont do anything out there or you will fell really dumb when you get taken./
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Do you think you could spend 1 Billion dollars in a day

on anything.
      Answer1:Absolutely !!!But I will worry about that when I have a few billions in my bank account
      Answer2:Easy! Buy an airplan, Go to Vegas (not to gamble, but to buy a casino LOL), Buy an island or islands in someplace warm, etc The list goes on.
      Answer3:Sure, the government does it every day with no problem. Hell, I would like to see the government go a day without spending a billion dollars.
      Answer4:Buy stocks or corporate bonds./
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Thursday, February 19, 2009

What would actually happen if someone got a hold of your social security number

Ive heard that its bad, but what actually happens? What can someone do with the SSN of another person?
      Answer1:The SSN by itself is bad, but not nearly as bad as if its in conjunction with other identifiable information like name, address, telephone number, mothers maiden name, etc. The problem is that the SSN is the hardest one to obtain, and the other stuff is easy. If they get all this information together they have enough information to apply for credit cards in your name, get information about you from your bank (like account numbers), pull your credit report and see who you have loans through, etc. Once your identity has been stolen, thieves will commonly sell your information to other people, so the fraud can go on for years. Its not any fun. My husbands info got stolen a few years ago and we had a couple of years where we never knew if our money would actually be in our accounts or if it had been compromised and stolen.
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Does anyone know where I can get a small business loan or personal loan with horrible credit

I need a small business loan or personal loan of about 2500 to 4,000 dollars to start my business but I have horrrrible credit!!!! any suggestions please help...NO SCAMS
      Answer1:Hello Reader,My name is Mr David Tan . I am a private lenderwho give out loan to private and corporate individuals.Have you been turned downby so many banks? Do you need finance to establish yourbusiness? Do you need finance for the expansion of youbusiness? Or do you need a personal loan? My loan rangesfrom personal to business loan. My interest rate is veryaffordable and our loan process is very fast aswell. I are very willing to make all your financialtroubles a thing of the past.If you are really ready toget your financial problems solved,Thensearch no further and apply for a loan today.======================================...ThanksMr David TanReply Email:david.tan11@yahoo.com
      Answer2:Almost impossible!!!I was in the same predicament. I guessed I was cornored with depts and worked like there is no tomorrow.Started a small on eBay for an initial capital of $50 and in 6 months raised $6000 net on part time. I sold off almost all my junk and bought more from flea market and resold them. At least now I can breath slightly easier. Guess this is my way of improving my credit too.Stay clear of loan sharks or loan offers on-line, anything that ask you even for the smallest registration fees, delivery fees bla! bla! bla!If it is not free of fees, it is a Scam!!!
      Answer3:Being a small business owner, you need to pay extra attention to management of financial resources. Since growth of your business somehow depends on its financial position, you should always be cautious about cash flaw within or outside your business. It is quite true that lack of finance can become a big problem in the way of the success of your small business. http://www.worldbestloans.com/businesslo...Since market is crowded with various business loan schemes, every small business owner can manage to get the desired amount without any problem. Therefore if you own a new and small business organization and financial shortfall is bothering you, then these loans can prove to be the best help for you.
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Wednesday, February 18, 2009

Help with Mortgage Loans for people with Bad Credit

Is there any loan companies out there that are made for people with bad credit? Trying to purchase a home and cant find a company that is willing to work with us. The loan isnt a lot and we have enough of a down payment. Any help would be appreciated. And please no comments about taking care of our debt we have now. We have taken care of it and we do make enough money.
      Answer1:Try thishttp://www.2find4u.com/index.php?a=perso...Some of those companies may help you.Hope this helps.
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What to do with EE Series savings bonds

I have a small sum of money in EE Series savings bonds bought in 1990 I was wondering would it be wise to cash them in and transfer to a CD or just leave them and let them earn interest that way?
      Answer1:Depending on the interest rate your bonds are earning; if they are earning more than what a CD can give you, you should leave the bonds alone.Further, the interest earned is tax deferred, so you do not have to report the interest until the year you cash them. Further, there is no State Tax levied on that interest.In contrast, a CD means you have to report the yearly interest even if you have not or can not pull it out of the CD.
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