| Erasing European Credit Card Debts
Statistics show that 35% of Europeans have some form of debt, most of them for a home loan. It is common knowledge amongst bankers that most people do not know how to handle their loan account well and end up paying thousands in unnecessary interest. Banks are making millions in profit because Europeans are unable to take proper care of their Loan Accounts.
Gordon Gecko is an American consultant who is now in Europe and he is advocating the use of Debt Consolidation. This is a totally new concept for Europe. Many people in Europe are paying a house loan, car loan, another loan for appliances and credit card payments. �This is ridiculous� says Gordon Gecko �By utilizing debt consolidation one may take out one loan to pay off many others. This has the added advantage of securing a lower interest rates, and a fixed interest rate whilst conveniently dealing with only one loan agency� he continued.
Only Gold Can Beat the Credit Crunch
For policy makers, both options are tantamount committing suicide - while doing nothing will mean certain death. There is an easy escape route open to them, but they would rather let themselves be kicked in the groin for days on end than voluntarily take that route. The "crack" we are talking about, of course, is ever lower interest rates; massive, never-ending easy money infusions. Last week the Fed gave the markets just a trickle of what they cried out for - but it wasn't enough, and the markets howled like addicts going through withdrawal. Just so as not to completely tick off his customer base, the federal Crack-Pimp in Chief graciously tried to apply a worldwide, central bank-coordinated band aid to the pulsating gash that is now bleeding red ink all over the world's financial centers.
The Main Street Hyannis location closed June 21
With home sales in decline, owners of Cape Cod vacation properties are more anxious than ever to rent them for income to cover big mortgage payments or home equity loans. There is so much availability that rental agents and homeowners are jockeying to attract latecomers looking for rentals in July and even into August, the most popular month for vacationers. "There are too many homes on the rental market," said Mary Fritz, a rental agent for Wilkinson & Associates in Orleans. "You can get a deal. People are negotiating." One of her clients knocked $1,000 off the $5,000 weekly rate for a four-bedroom house on Pleasant Bay in South Orleans... Read the rest of this Globe story here. .
Student Loans Demystified
Graduate students are allowed to borrow up to $12,000 in unsubsidized loans per year.
What Lender Should You Choose?
If your college participates in the direct-student loan program then the choice is made � you should get your loan through the college. But if you're looking for a private lender there can be vast differences among the various institutions that offer student loans. Be sure to ask any lender you're considering the following questions: How frequently do you calculate interest on the loan?
The more often interest is calculated, the bigger your child's debt will be when it's time to pay up. For instance, on a $12,000 unsubsidized Stafford, if interest is calculated quarterly over four years instead of just once at the time repayment starts students graduate owing hundreds more.
News in Brief
Tisbury's Finance and Advisory Committee (FinCom) recently approved funding for two promotions within the police department, according to Chief John Cashin. The funding for a lieutenant's and a sergeant's position through June 30, 2008, amounts to about $18,000, according to FinCom chairman Muriel Mill. Chief Cashin brought the request to the FinCom at the recommendation of the selectmen, represented at the meeting by Selectman Tristan Israel. Mr. Israel said the lieutenant's position is not a new one, but rather one that has gone unfilled since former Police Chief Theodore Saulnier was promoted from the lieutenant's position to chief. The Tisbury police department currently is down by two officers. "Maybe down the road there may be a discussion about increasing the department, but that's not on table right now," Mr.
LibDem leader’s call for Trump application inquiry rejected
The Scottish Liberal Democrat leader's call for a 28-day independent inquiry into the way the planning application had been dealt with headed by a judge failed to win the backing of the Tories. Instead, Holyrood's local government committee is likely to carry out an inquiry, at the request of the Conservatives. First Minister Alex Salmond could be summoned to give evidence . .
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