Daily credit repair news

Not everyone can refinance to cut mortgage payments - USA Today

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If your reports show late payments — and the information is accurate — the only way to repair the damage is by showing lenders that you've changed your ways ...

Nominee praises $825 billion stimulus proposal - San Francisco Chronicle

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Infrastructure: $32 billion for transportation projects; $31 billion to build and repair federal buildings and other public infrastructure; $19 billion in ...

Peter Schiff - Credit Where Credit is Due - Motley Fool

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The sooner we can begin to repair the damages, the sooner we can right the ship. If instead we merely administer more of the same, the ship will sink in a ...

Circuit City to shut down remaining stores - CNET News

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The fates of outstanding warranties, its Firedog repair service, and Canadian stores are still to be determined, according to the company. ...

Your Money Preparing Your Budget for Disaster - New York Times

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For instance, if you have a $2000 car repair, Mr. McKinley might suggest that you put that on a credit card rather than take the money out of savings, ...

The new rules of car buying - CNN

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In the end, you have to decide whether the deal is good enough to outweigh even a small chance of repair woes later. The bigger risk is to your car's value. ...

Treasury, Bank of America agree on bailout - The Associated Press

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... to use all of our resources to preserve the strength of our banking institutions and promote the process of repair and recovery and to manage risks. ...

Crunch crushes car dealerships (Romford Recorder)

Posted: 16 Jan 2009 05:43 AM CST

ROMFORD'S golden mile of car dealerships is quickly dwindling, as the credit crunch claimed its latest victims this week. London Road, well known for its many car and motorcycle stores and repair garages, has lost two of its flagship businesses.

Credit Where Credit is Due (GoldSeek.com)

Posted: 16 Jan 2009 04:24 PM CST

By: Peter Schiff, Euro Pacific Capital, Inc.

Not everyone can refinance to cut mortgage payments (ABC News)

Posted: 16 Jan 2009 04:14 PM CST

The average interest rate for a 30-year mortgage dipped below 5% this week, a level not seen since the Eisenhower administration. Not surprisingly, homeowners are scrambling to commemorate this historic event by refinancing their mortgages.There's just one problem: In this credit-starved environment, even a five-star general might have trouble qualifying for a new mortgage. If you're interested ...

The new rules of car buying (CNN Money)

Posted: 16 Jan 2009 05:03 AM CST

You can hardly escape the grim news surrounding the car industry: an 11th-hour federal loan package to help General Motors and Chrysler survive to the new year, frugal consumers shying away from big-ticket purchases - especially four-wheeled ones - and tighter credit making it tougher for the few willing buyers to borrow. November auto sales plunged 37% from a year earlier, according to ...

Bank Of America Gets U.S. Lifeline, Reports Loss (NPR)

Posted: 16 Jan 2009 12:12 PM CST

Escalating credit costs forced Bank of America Corp. to report a $2.39 billion fourth-quarter loss, hours after it convinced the federal government it needed a multibillion-dollar lifeline to survive the absorption of Merrill Lynch's hefty losses.

Bank of America posts loss, gets $20 billion from U.S. (Detroit News)

Posted: 16 Jan 2009 06:19 AM CST

CHARLOTTE, N.C. -- Escalating credit losses drove Bank of America Corp. to report a fourth-quarter loss and slash its quarterly dividend to a penny on Friday, hours after receiving a multibillion-dollar lifeline from the federal government.