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Credit Cards, Bank Rates, Insurance, Loans, Debts and Mortgages News

Archive for August, 2009

“Reduce credit card debt and eliminate it before it assumes a horrifying shape” – This is really the gist of the story. So, how do you reduce credit card debt? Well, you reduce credit card debt by preventing it from increasing and by paying off what it is currently. Simple, isn’t it?

Not really. If it was that simple to reduce credit card debt, then we wouldn’t have had so many people with credit card debt related problems. We would have been able to reduce credit card debt problems and finally eliminate them (or reduce them significantly). There are all kinds of advice available on how to reduce credit card debt, but still nothing much seems to change. The problem still seems to persist and in fact, worsen. However, it’s not that difficult to reduce credit card debt. As we just said, there is a lot of advice available on how to reduce credit card debt and the only thing you need to do is put that advice, on how to reduce credit card debt, to practice in real life. Well, no on

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There is very little else you can do to improve the way you live or increase the amount of money you have to spend during your retirement years when you have already retired. The best way to ensure that you are able to prepare for the life that you deserve is to prepare and plan for it while you are still young and productive. Fortunately for those who are still at the prime of their lives, there are a variety of options to choose from in available instruments that are designed to accumulate for you the funds that you need for your retirement plans. Another great news is that you can actually get the help that you need in preparing for your future in various resources that are available in an online retirement planning center.

At this point, it is imperative that you are informed about the basics of retirement planning and the processes that are involved in coming up with a workable plan at the very least.

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President Obama’s new Federal plan, called Home Affordable, to help homeowners facing trouble to repay their mortgages contains two options. One of them is refinancing and the other is loan modification. You may choose your plan depending on
the following details of the plan.

The Refinancing option of Home Affordable is meant for those who are continuing to pay their mortgage but could not obtain refinance due to fall in the market value of their homes. This refinancing is subsidized by the government, covers a period of 15 to 30 years. The current market rate and cost of closing are taken into consideration for this plan. You will get the benefit of this plan if you satisfy the conditions given below

1. You must not have defaulted for more than 30 days in the past one year.
2. You must be using the home as your primary residence.
3. You have owned the loan from Freddie Mac or Fannie Mae.
4. The amount due must not exceed 105% of the value of your home. Read more…

Could an exploding laptop or cell phone battery cause a plane crash? That’s the contention of the Airline Pilots Association, the trade union for airline pilots in the U.S. The union Tuesday called for a ban of all shipments of lithium-ion batteries. Citing three incidents that occurred in the past two months, the union asked the U.S. government to stop all shipments of lithium-ion batteries on passenger and cargo aircraft pending a new set of safety regulations. The incidents took place in Honolulu, Minneapolis-Saint Paul and Santo Domingo in the Dominican Republic, and involved smoke, fire or burning materials during flight.

This isn’t the first time that battery fires have caused problems on airlines. In 2006, a battery fire aboard a DC-8 in Philadelphia was severe enough to prompt the National Transportation Safety Board to call for tighter oversight of these types of batteries and reclassification of these items as dangerous goods. Read more…

We are currently at the midpoint of JP Morgan’s (JPM) third quarter.

Average third quarter analyst estimates for the TARP winner are $.45/share in EPS and $24.70 Billion in Revenue. Eighteen analysts track the stock with one upward EPS revision in the last 30 days and no downward EPS revisions in the last 30 days.

Quarter to date, JP Morgan’s stock price has risen from $34.11 to Monday’s close of $43.01. This represents an $8.90 or 26% increase in price.

I always find this an anxious period waiting to see how a company’s quarter is going to unfold. One thing I have discovered of value is to analyze a stock’s sentiment relative to other similar companies. In this case, I will use the Piqqem sentiment index to see how JP Morgan’s sentiment compares to Goldman Sachs (GS), Citi (C), and Bank of America (BAC).

I’m looking for relative moves or changes that may foreshadow an early change in the quarter. (Piqqem lever

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