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What happens to my loan if my bank goes under? May 2, 2010

Posted by Banking in : Credit , 4comments

Brad asked:


I’ve got 3 car loans and 1 home loan. I don’t really need the car loans, but I have 0-3% APR and considering time value of money, is financially worthwhile over buying outright. Anyway, all together they are with 4 different banks/loan providers, and there is a good chance one or two of those will go under.

I’m guessing whoever buys the assets of the bank/loan company then get my future payments. Is this correct? Can the terms of my loan be changed? Can the loan be called? can anything change?

World’s Worst Credit Card? May 2, 2010

Posted by Banking in : News , 24comments

MoneyTalksNews asked:


Think you’ve got it bad with the fees your credit card charges you? Well try this: $247 up-front, for a $300 credit line… And that’s not the worst of it!

What are the best Banks for business relationships and future loans? May 1, 2010

Posted by Banking in : Small Business , add a comment
Do you know of any specific banks (especially in Texas) that are known for good relationships with small (and new)businesses. Some big banks force you to have a Very long relationship before giving you a large line of credit. I am trying to avoid these banks. Any ideas or names?? Thanks

By: Wonderer

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What was the one pivotal thing that triggered this Global financial meltdown? May 1, 2010

Posted by Banking in : Politics , 16comments
Did it have something to do with mortgage lending to people who didn’t have a down payment at sub prime rates with a high credit risk? Who pushed these policies?

By: pigletscafe

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How many credit cards should you have to rebuild credit? April 30, 2010

Posted by Banking in : Credit , 8comments

I am trying to rebuild my credit after ID theft, a couple of problems that were mine and years of basically not having any credit reported. (I primarily use my debit card and pay cash for everything). I make good money now and am trying to rebuild in order to purchase a condo in the next couple of years. My good accounts (rental, club, cable, cell, etc.) have not reported my good credit. So how many cards should I take out that will help boost my credit score but not hinder my credit. Thank you!Submited by:Nikita

What UK bank has the best account type for someone under 18? April 30, 2010

Posted by Banking in : Personal Finance , 1 comment so far
Sam asked:


I got my first job a few months ago and needed to get a bank account sorted. I am currently with Abbey and have an under 18′s current account.

What bank offers the best account type for someone like me, someone under 18 or isn’t there a big difference between them?

Thanks.

Gov’t Mule – Banks of the Deep End (Tail of 2 Cities DVD) April 29, 2010

Posted by Banking in : Music , 25comments
This is from the newest DVD, “A Tail of 2 Cities”. It’s from the first set of the first DVD, filmed in Boston, 15/10/2004. This is one of my favourite Mule tracks, enjoy! Warren Haynes – Guitar & Vocals Matt Abts – Drums Andy Hess – Bass Danny Louis – Keyboards and Backing vocals Lyrics: On the banks of the deep end Where your soul is your best friend Searching for a reason to go astray Wild dreams turn to nightmares Silver clouds turn to golden stairs And everything that you used to know is …

By: ConstableDownsprout

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What banks do financing on the wholesale side for spec homes? April 28, 2010

Posted by Banking in : Renting & Real Estate , 2comments
I have a friend who is a builder and would like to use me for his mortgage broker. I have no problem finding banks who will do financing for owner occupied builder programs, but nothing for spec homes. A lot of the banks offer spec programs on the retail side, but I’m having trouble finding it wholesale. Thanks!
I do know what a spec home is
My rep at Indymac said that they only do owner occupied construction, but maybe there is another dept she’s unfamiliarr with? I’ll ask her again. Thanks!

By: alison a

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What are the best banks for first-time homebuyers to use for getting a mortgage? April 28, 2010

Posted by Banking in : Renting & Real Estate , 13comments

Anita asked:


My husband and I are going to be first-time homebuyers and we would like to know what banks are the best for great rates. Also which banks are fair regarding fees and which provide the best services to first-time homebuyers?

How do prepaid credit cards work to shop online? April 27, 2010

Posted by Banking in : Credit , 2comments

Player asked:


I’m 14 and I’m wondering how prepaid cards work? Can I just go to CVS buy a $10 card with cash and then use it online or will they send me some additional bill. Do I have to activate the card myself or is it automatically activated when I buy it? I don’t know much about credit cards.
Is it like a Gift Card but you can use this card in any store compared to a gift card?

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