Finance

Social Security wanted by Americans more than cutting deficit

Cutting social security to fix the deficit is not an idea that Americans like as outlined by a survey funded by AARP and conducted by GfK Roper. The Huffington Post reports that polls results show that 85 percent of adults are against cutting Social Security. A large sample (72 percent) "strongly opposes" such action. 'Me first' ...

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Not easy getting an FHA mortgage loan after default risk

The reason Federal Housing Administration mortgages happened was because of the housing crisis in 2007. To keep mortgage lending from stopping completely, the FHA helped people get loans. FHA mortgages became so popular that today they make up nearly a 3rd of the mortgage market. There are more risks and delinquencies with those loans ...

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Medical credit cards taking advantage of patients

Medical credit cards are facing an investigation by the New York state attorney general. credit cards with a very high rate are marketed to patients that are in the office and need money now. These cards, which offer an instant money advance to settle medical bills, are often marketed with allegedly deceptive practices. How medical credit ...

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Test taking to get loans from UK

Getting loans is going to be harder within the United Kingdom with the new rules they are considering. After the Learning and Skills Council discovered that 9 out of 10 customers could not calculate basic financial numbers, ministers took note. Those who need loans could be required to take a test first. Numerous lack financial knowledge ...

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Collapse forecasted by Arthur Laffer when Bush tax cuts expire in 2010

Arthur Laffer is predicting the U.S. economy will collapse next year when George W. Bush tax cuts expire in 2010. His theory on the Obama tax plan is based on how the super-rich can choose when and how they collect their income to evade taxes. Laffer believes the economy is doing better this year than ...

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