Monthly Archives: October 2010

Student Loans And The Big Picture

“To get a good job, you need a good education.”

That has been a theme for decades.

Well, just how many good jobs are out there, compared to how many college students?

Unemployment predicted to be higher than normal for:  8 more years.

That is the consensus unemployment forecast of economists surveyed by the Associated Press.

How about housing, the main asset of Americans, the biggest sector of  the non-service part of our economy?

Just googled it, seems most are predicting modest increases for next year.

Don’t believe it.

Things are worse in Michigan, but the foreclosure crisis is national.

Check out the linked to article in the sentence above, shadow inventory of around ten months.

This means, at current sale rates, it would take ten months just to clear out the homes that the mortgage companies have foreclosed, and taken title to, but have not even put up for sale yet.

The Wall Street Journal article says:  And that the shadow inventory of distressed loans will stay at elevated levels through 2016.

Some estimates, like mine, are that the economy will get worse (see unemployment article above) which will lower demand for homes, which, lowers the market price.

So, it takes people with jobs to buy houses, it takes people buying houses and/or fewer homes for sale, to get home prices back up.

So far, 0 for 2.

In this context, how much should you or your kids borrow for that college degree?

Borrowing for college must be analyzed.

If you are doing it for economic reasons, consider, total cost and anticipated return.

In figuring the cost, don’t forget the 4 or more income earning years foregone for the higher education route.

Of course, I have been discussing generalities.

Local housing, and employment, markets vary widely.

As do college majors.

Kids do not have to go to college right out of high school.

I know so many who are there, who do not know what they want to do.

That is fine, when did we decide that we can make these life determinative decisions at 17 or 18?

But you sure as heck should not be borrowing money to pay for years of college that are aimless.

Student Loans And The Big Picture

How Does Bankruptcy Affect Credit Rating?

Unfortunately, if you are behind on your bills, your credit is already be bad. Bankruptcy will probably not make things any worse. A bankruptcy can appear on your credit record for ten years from the date your case was filed. Bankruptcy discharges out your old debts, you will be in a better position to payContinue Reading

Foreclosure In Michigan

Foreclosure is the legal process for mortgage companies taking your house. It is much in the news these days, with mortgage companies being questioned on the legal documents they produce in courts, in cases of judicial foreclosure. Mortgage simply means: debt secured by real estate; pledging your home as collateral, or security, for a loan.Continue Reading

11 Responses to Foreclosure In Michigan

  1. I used to be able to find good advice from your blog

  2. What’s up, its nice post concerning media print, we all understand media is a enormous source of data.

  3. Most of the first timers in the online business
    as well as those who’ve never had the taste of success
    in this arena are oftentimes downtrodden because they
    usually think that they can never have an edge against those hustler webmasters who dedicate their twenty fours hours daily doing
    their very best to win their leads. The results are a good indicator of what is being searched for, but the
    results are far from accurate. With the growth of the Internet
    one much sought marketing consultant specialty is
    Internet consulting.

  4. Hello! I could have sworn I’ve been to this website before but after looking at a few of the articles I
    realized it’s new to me. Anyhow, I’m definitely pleased I found it and I’ll
    be bookmarking it and checking back often!

  5. That is very interesting, You’re an overly professional blogger.
    I’ve joined your rss feed and look forward to searching for
    more of your great post. Also, I’ve shared your
    site in my social networks

  6. Pretty nice post. I just stumbled upon your blog and wished to say that
    I have truly enjoyed browsing your blog posts.
    In any case I will be subscribing to your feed and I hope you
    write again soon!

  7. Thanks a lot for sharing this with all folks you really realize what you are talking approximately!
    Bookmarked. Please additionally visit my web site =).
    We could have a hyperlink change arrangement between us

  8. Article Source: not wait until a disaster strikes, time is due and time is now to clear the damage on your home’s roof.
    Never hire a roof contractor that can not supply you with a list of satisfied customers.
    Discuss both options with your contractor and decide what would work the best in your case.

  9. The question now isn’t whether online vets can start a revolution, but whether pet owners believe it or not.
    -Lower Risk of Fatal Heart Attack: cat owners will be pleased to know that according to a study, people who own cats
    have a 40% lower risk of suffering a fatal heart attack.
    Because arachnids can be stored in glass terrarium, it
    is possible to put them on show.

3 Responses to Don’t Give Your Newborn A Car!

  1. Kurt, I could not agree more! DO NOT buy y our child a car. This is the very first purchase (one of major responsibility and HUGE) that your child will make. When I turned sixteen I bought my very first car, an old state trooper car – powder blue. It cost me (back in the stone age) $500 a dollars. My parents helped a little with insurance but it was my proudest moment. Don’t rob your child of this ‘moment’. This impacts their attitude forever about work and reward for hard work…not to mention ‘pride.’ Very few things are valued more than what we work for…

  2. And one more thing. prior to being an attorney one of my positions was at Saab Scania – the international delivery division (sales)…you would not believe the number of people who ordered brand new $32,000 convertibles for their kids’ 16th birthdays…they’d pick them up in Europe…ship them home…the kid would crash them…AND THEY’D ORDER THEM ANOTHER ONE!!! They have not done their kids any favors.

How Much To Pay For TV?

Just went through the (empty nest) family discussion about dropping pay TV service. I  googled “how to save “money on paying for tv service” and there are lots or articles, (86,000,000) some 5 years old. Looks like I am behind the curve on this one. OK, I know, not the first time. I know theContinue Reading

8 Responses to How Much To Pay For TV?

  1. I’ll right away clutch your rss feed as I can’t in finding your e-mail
    subscription link or e-newsletter service. Do you have any?
    Please permit me recognize in order that I could subscribe.

  2. The bait is free moving and the fish can carry out its tests on the bait without the hook interfering and spooking
    it. Cable ties used in the food industry are characterised by their blue
    colour, and they will also contain a metal additive meaning they can easily be
    detected by metal detectors used in the food industry.
    A dignified look can be instantly received with such a tie.

  3. If you desire to obtain much from this post
    then you have to apply these strategies to your won webpage.

  4. Pretty great post. I just stumbled upon your blog and wished to mention
    that I have truly loved surfing around your blog posts.
    After all I’ll be subscribing in your rss feed and I am hoping you write once
    more very soon!

  5. I’m gone to convey my little brother, that he should also pay a visit this website on regular basis to get updated from most recent news update.

  6. I know this if off topic but I’m looking into starting my own weblog and was wondering what all is needed to get setup? I’m assuming having a blog like yours would cost a pretty penny? I’m not very web savvy so I’m not 100% sure. Any recommendations or advice would be greatly appreciated. Kudos

Cannot Pay Your Student Loans?

A presentation on student loans Department of Justice lawyers, who oppose, quite fiercely, discharge of student loans in bankruptcy cases, but, presented lots of information on other ways to deal with repayment. Contact the ombudsman! was there cry.  (Don’t bother us, we have enough to do.) There are people in the Federal Student Aid OfficeContinue Reading

6 Responses to Cannot Pay Your Student Loans?

  1. Hey I am so delighted I found your webpage, I really found you by error,
    while I was looking on Askjeeve for something else, Nonetheless I am here now and would just like to say kudos for a
    remarkable post and a all round entertaining blog (I also
    love the theme/design), I don???t have time to read
    it all at the minute but I have bookmarked it and also included your RSS feeds,
    so when I have time I will be back to read much more, Please do keep up
    the fantastic work.

  2. Wonderful post however , I was wanting to know if
    you could write a litte more on this topic? I’d be very thankful if you could elaborate a little bit more. Kudos!

  3. Hey I am so delighted I found your webpage, I really found you
    by mistake, while I was browsing on Digg for something else, Anyhow I am here now and would just like to say cheers for a marvelous post
    and a all round thrilling blog (I also love the theme/design), I don’t have time to go
    through it all at the moment but I have book-marked it and also
    included your RSS feeds, so when I have time I will be back to read
    a great deal more, Please do keep up the superb work.

  4. Do you mind if I quote a few of your articles as long
    as I provide credit and sources back to your blog?
    My website is in the very same area of interest as yours and my users would truly benefit from a
    lot of the information you provide here. Please let me know if this alright with you.
    Many thanks!

  5. You are be able to allow them to even apply with regard to
    these lending methods now and happen to be able to request these lending options by
    the so next day. Some mortgage lenders charge you any
    amount of hard cash for every thousand you borrow.

  6. Browsing I noticed your blog bookmarked
    as: Cannot Pay Your Student Loans?. I am assuming you bookmarked it yourself and wanted to
    ask if social book-marking gets you a bunch of site visitors?

    I’ve been thinking of doing some bookmarking for a few of my sites but wasn’t sure if it would generate any positive
    results. Thank you very much.

Student Loan Deferment Or Forbearance

I attended a presentation on student loan debt by attorneys from the Department of Justice, who fight discharge of student loans in bankruptcy cases, but  presented lots of information on other ways to deal with repayment. A frequent theme was:  contact the ombudsman! The Federal Student Aid Office has on office to identify your loanContinue Reading

7 Responses to Student Loan Deferment Or Forbearance

  1. d not bother fishing without treating my hooks to a very precisely formed diameter
    point and length of point too. Besides using any oils, I seriously recommend using the high
    PC liquid lecithin from Phil at CW Baits (online) as this will improve bait performance dramatically and increase
    digestion of baits as well as add further feeding triggers and nutrition to your
    baits. However, when you add breadcrumbs or another simple powder to the outside of your bait,
    the fish will immediately get a taste of your bait and be more inclined
    to follow it.

  2. That’s like Houston Texas being without a Country station. So your personal, non-commercial, watercraft is exempt from a licensing requirement. Whats more is that 2G phones can come in a tinier and slimmer package, even its batteries.

  3. It’s very easy to find out any topic on net as compared to books, as I found this post at this web page. سداد القروض

  4. I’m not sure where you are getting your information, but great topic. I needs to spend some time learning more or understanding more. Thanks for great info I was looking for this information for my mission.

  5. That is really interesting, You are an excessively skilled blogger.
    I have joined your rss feed and sit up for in quest of more of your fantastic post.
    Also, I’ve shared your website in my social networks

    for mor info please check الاسلام الحقيقي

  6. Having read this I thought it was really enlightening.

    I appreciate you spending some time and energy to put this informative article together.
    I once again find myself personally spending a lot of
    time both reading and commenting. But so what, it was still worthwhile!

    for mor info please check القران
    اللَّهُمَّ صَلِّ وَسَلِّمْ عَلَى نَبِيِّنَا مُحمَّد

  7. For one thing, it is a time to share your views and feelings.

    When creating the chart, the number of the father is always two-times that
    the number given to the child. Interest to communication, coordination, consent building
    and financing conclude the outcome of executedvalues.

Why Consult A Bankruptcy Lawyer?

When you do NOT want to file bankruptcy? Because, you do not want to end up in bankruptcy court. People need legal advice to avoid court, not just to navigate through court. So, a bankruptcy lawyer can help you avoid court, and, if you end up there anyway, you are prepared. If know bankruptcy law,Continue Reading