Now the second bail out money is on its way to be dispursed among banks and financial institutions, it might be time to move my money from banks getting the good CD Rates and move back into the stock market.  The world has lost trillions of dollars of wealth of people across the planet. I only hope the stock market will go back up over the next few years, hopeful back to before crash numbers. Any we all could use the money back that was lost.

This period has been the Fannie Mae mortgage loan crisis with all the default loans that they are incurring over the last several months losing several billion dollars

Not to long ago the housing market was booming, you could put up a 4 Sale sign on your house, within two weeks it would be sold most of the time you would have multiple offers and sometimes get more than your asking price.  Everyone one wanted to be a Real Estate Salesperson, hey why not as quick as home were selling, quick sales big rewards. Now for the down part.  Because the interest rates were low, real low, lowest in 40 years I think, lots of home buyers bought big homes with low payments with interest only or ARM loans. Now some of the information coming out of the housing downturn is not just single-family homes, there was allot of speculators buy many houses to fix up and resale, they like everyone else lost their mortgages do to slow down in sales.

With all the uncertain times in the world of finance many folks are Consolidate debt. There is help to better understand overall financial health and ways to improve your financial score with the site BillsIQ. BillsIQ is a comprehensive resource covering different financial topics that offer you articles, guidance and other tools to help you save in all areas of your life. There is also available various debt consolidation sources. This could help with reducing high interest of credit card debt.

Sometime ago, I had to get my wife a more current automobile, I was wanting to replace her van with another van or suv.  The current car was a Dodge Grand Caravan, my daughter is about 5.8 and she could sit with leg room in the Grand Caravan. I went to several dealerships and tested several different vans.  While test cars I also tested loans. Most loans had a high interest rate, more than I wanted to pay.

“A loan is a type of debt. Like all debt instruments, a loan entails the redistribution of financial assets over time, between the lender and the borrower.

The borrower initially receives an amount of money from the lender, which they pay back, usually but not always in regular installments, to the lender. This service is generally provided at a cost, referred to as interest on the debt. A borrower may be subject to certain restrictions known as loan covenants under the terms of the loan.

Legally, a loan is a contractual promise of a debtor to repay a sum of money in exchange for the promise of a creditor to give another sum of money”.

After driving and sitting in the back of all the vans, I decided to  buy another Dodge Grand Caravan, it was the only van that my oldest daughter could sit in with comfort.  Once I picked out the car or van I wanted, next stop the finance manager, he was very nice but wanted every information about me except my blood type. It was a Monday, I sat around for about 5 hours while the Finance guy did his thing with checking auto loans rates at banks and lending companies, he came up with an interest I was willing to pay from a financial services business in Texas.  It was a real hassle waiting all that time, but my wait paid off, he refused to take my down payment money and I signed my life away for the next 5 years and drove off with Grand Caravan. By working an extra job I was able to pay off the 2005 GC in March 2007, the value dropped well below what I paid for it.  So much for income producing investment. Next time to save from having a loan, I will buy a cheaper used car. Since I paid off the Van, I used the extra money to pay off other debts and at one time debt free. Then I was able to quit my extra job.
If needing more information on Debt Management plans, I like to plan everything but my fiances, info on re-mortgaages or loans, the folks from Abacus Debt Management can help keep you in control of your finances.

Next time I will also take a free credit report with me, help save sometime in finding a good interest rate on a auto loan.

You can tell how the economy is going my just watching TV, when the economy is good in the housing or car market, you will be in endated with ads on getting a home mortgage or car loans, no money down just take it off their hands.  The other other kind of advertising when the economy is down is help with bills and consolidate your bills to reduce your payments

With the fuel prices rising and now they are having the high risk mortgage business is curling in around all the lenders and large amount of default on mortgages, there is a lot of requests for mortgage help on home loan to refinance or possible use the equity to pay bills, which helps with your taxes, by deducting the finances charges from you TAX bill when a equity loan is done. A sales technique that is used is get out of debt with an equity loan.

I have found a consumer finance portal designed to help people find the best ways to eliminate debt or get a great rate on a loan, save on your mortgage interest or points, Credit counseling, improve your Credit score and even help you Pay your bills, called Bills.com

Bills.com has lots of articles, tools, blogs all for free.  I like the part about getting good deals on  health insurance, auto insurance and home insurance, this could free up some coins. Their newest feature is the Bills IQ. The BillsIQ test will help you measure your financial health. My financially fit score shows I have some good things and some things that need a little work. I found BillsIQ fast and easy. These kind of free test helps you where you stand on your finances.