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Find out about the newest frontier for these bloodsuckers, America's newest financial feed lot...
Now feasting on small businesses are MCAs a/k/a "merchant cash advance" shops. These lenders of last resort--which started popping up after the tech crash in 2001--give small businesses cash today in return for a percentage of their future credit card sales. Annualized cost of that precious capital? Anywhere from 70% to 90%! Usurious as that sounds, the MCA business is booming, with these lenders attracting entrepreneurs with tattered credit ratings. With money tight all over, the quality of MCA borrowers is on the rise…read all about these bloodsuckers here…
What's this? A way to raise your credit scores?!? Since many of you will be renting instead of buying, or renting instead of keeping your home, you won’t wanna miss this story about how renters are getting benefit on their credit reports, for being renters!
This is a huge shift in thinking from the world of credit rating and reporting, and worth a look…
In case you missed it, black and Hispanic borrowers are afraid of banks which is why they were more willing to sign-the-line on subprime mortgages. Huh? Well that's the gospel according to HUD secretary Alphonso Jackson...
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It's like a radio show without all of the irritating commercials and inane weather-and-traffic-together updates.
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The hottest trend between consenting adults? SWAPPING! From the "I'll show you mine if you show me yours, uh, I mean, I’ll buy your house if you’ll buy mine" department comes the latest trend from the real estate world: The concept of trading homes temporarily for vacations has long existed, but now it's being adapted to the slumping real-estate market as people, particularly in the Sunbelt and other slow spots, scout for ways to unshackle themselves from their property. Get your keys outta that bowl and read the rest of the story...
The next big ‘deal’ opportunity since buying foreclosed houses? How ’bout repossessed vehicles? Car and truck repossessions this year are headed for the highest level in at least a decade, thanks to easy credit and a faltering economy: In fact, so many vehicles are being snatched from owners who stop making payments that some repo operators and auto auctioneers say lots are overflowing. Read more...
Keep an eye on your house, your spouse, your kids and your stuff on-line: It’s the newest breakthrough in wireless technology, coming to a webpage near you!
How long could you stay employed if you lost your employer a ton of money? I’m talkin’ a few thousand or even a few hundred thousand…or even a million. How about billions?
If you want to work in a profession that will allow you to royally screw-up and still make lots of money and still be hire-able, then you can’t miss this story…
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