How Bad Debt Management Can Really Hurt You.

January 5th, 2010

How Bad Debt Management Can Really Hurt You.

Posted on | January 5, 2010 |

Many people realize too late that they have a problem managing their money. This epiphany usually comes when a 5 figure credit card bill is staring them in the face. It happened to me, and it can happen to you. I was lucky in that mine was a low 5 figure amount, and I had the income to pay it off myself with some belt tightening and 0% balance transfer offers from another credit card company.

But not everyone is so fortunate.

Many people have no where else to turn but to a debt management agency.

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Capital Markets Update – ISM Index Finishes at 55.9

January 5th, 2010

Quicken Loans Capital Markets Update for January 4, 2010

We are opening up with a fairly busy economic calendar this year, with some of the key releases being today’s ISM Manufacturing Index, Tuesday’s November Pending Home Sales release, and Friday’s December employment number. The ISM Index finished off on a high note today at 55.9, which is significantly higher than November’s 53.6. Readings above 50 indicate economic expansion.

The ISM Manufacturing Index is based on surveys of 300 purchasing managers nationwide, to represent 20 different industries of the manufacturing sector. This is

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Debt Consolidation Faq – What You Really Need To Know

January 5th, 2010

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Nicholas Financial: Looking at the Numbers

January 4th, 2010

I’ve always been impressed with the amount of financial info that Nicholas Financial (NICK) provides about its portfolio in its quarterly statements. I wish more companies were this forthcoming. I’ve assembled a portfolio summary on this spreadsheet of how they’ve done over the last several quarters.

By looking at this spreadsheet you can see why I’m such a big fan of the stock. The pre-tax bottom line is column N. However, the most important line to watch is column K, the provision for credit losses. That zoomed up during the credit crisis and it took out a huge chunk of NICK’s earnings.

The pre-tax yield before adjusting for credit losses has been remarkably consistent for the past 12 quarters, usually around 12.5%. The credi

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Westpac Loses Business To Rivals- Mortgage Broker Says

January 4th, 2010

A leading mortgage broker Australian Finance Group, who says it helped secure finance for as much as 10 per cent of the Australian mortgage market, says that Westpac’s decision to raise its interest rate by 45 basis points or 20 basis points in excess of the official rise in interest rates, resulted in rivals picking up market share at its expense. <

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How the Average American Family Spends Their Income – And How to Trim It

January 3rd, 2010

Several times in 2009, I came across this thoroughly interesting infographic, originally from VisualEconomics.com:

You can click on the image to see a larger version of it over at Visual Economics.

The picture depicts how the average American family spends their income based on Department of Labor data.

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