Comments for Top Finance Blog

Comment on Stock Market’s Worst August Ever by Mitch

Mitch — Tue, 31 Aug 2010 21:44:26 +0000

I tend to think a lot of stock market analysis is pure luck, but over time it seems to work better for people if they have the time to ride it out. But this administration, like the previous one, keeps hoping people will start spending money a bit more than they are, but it’s not going to happen for a long while, I expect.

Comment on Stock Market’s Worst August Ever by Mandy June

Mandy June — Tue, 31 Aug 2010 21:30:36 +0000

Investing one’s money doesn’t only take confidence, it also takes patience and a willingness to learn. Stock markets are seriously some of the hardest things to understand and track. There’s so much to learn and it’s based on yet so little. It’s always fluctuating and it can really seem like a game of just pure luck(hopefully good luck).

Totally agree with you though, our economy is definitely scaling back in terms of aimless spending.
Mandy June´s last blog ..August Roundup- US Stays on Top- Wall Street Reforms and Lemonade Lessons All in the Mix

Comment on Housing Industry’s In Trouble by Mitch

Mitch — Thu, 26 Aug 2010 16:50:04 +0000

Isn’t that a shame? Man, I don’t know what else to say about it except to tell the truth.

Comment on Housing Industry’s In Trouble by Tim Manni

Tim Manni — Thu, 26 Aug 2010 16:44:08 +0000

Hahaha, your first sentence says it all — I was gonna say…

Comment on Wells Fargo Loses Unfair Fees Trial by Mitch

Mitch — Sat, 21 Aug 2010 22:54:34 +0000

I hear you, Mandy. It’s scary how these large banks seem like they don’t care about us, and will fight for their right to cheat us out of what’s rightfully ours. I’m glad you were able to resolve your issue.

Comment on Wells Fargo Loses Unfair Fees Trial by Mandy June

Mandy June — Fri, 20 Aug 2010 23:31:13 +0000

I didn’t know about this trial prior. But they certainly deserve to lose! How dare they try to trick consumers like that!

One time actually I had to call them to claim something they charged me for that was totally wrong. They took care of it but imagine if I didnt notice that change in my account.

Comment on Wells Fargo Accused Of Unfair Minority Mortgage Practices by Mitch

Mitch — Mon, 16 Aug 2010 03:12:38 +0000

That’s very true. But some lenders don’t do it, and thus problems arise that the law has to take care of.

Comment on What Are The Different Factors That Affect Mortgage Rates? (Guest Post) by Church Mortgage

Church Mortgage — Sun, 15 Aug 2010 19:02:15 +0000

Samantha,
I have to say your post is detailed and informative. Most borrowers find the mortgage process to be mystical and confusing. They take so few loans in their lifetime they never get an opportunity to learn much about them. Even a frequent borrower could not be expected to keep up with the rapidly changing finance world.

Comment on Wells Fargo Accused Of Unfair Minority Mortgage Practices by Church Loans

Church Loans — Sat, 14 Aug 2010 19:33:18 +0000

It is every lender’s responsibility to evaluate the borrower’s request based on credit scores. Then let the chips fall where they may.

Comment on FTC Protects You From Debt Consolidation Agencies by Mitch

Mitch — Sun, 08 Aug 2010 15:39:34 +0000

I’m glad you were able to find someone reputable, Ileane, but many people don’t, falling for those ads on TV and radio.

Comment on FTC Protects You From Debt Consolidation Agencies by Ileane

Ileane — Sun, 08 Aug 2010 13:53:33 +0000

Hi Mitch, I found a reputable debt consolidation agency that was very helpful. They negotiated a reduced rate with my each of my creditors and I was able to restore my credit rating over time. I think people should be cautious of schemes that promise quick results. It never happens that way. Clarion consumer credit is the agency I used, but I think they have a different name these days. Thanks for the info!
Ileane´s last blog ..ALL IN A DAY’S WORK

Comment on Is The Banking Industry Killing The Housing Industry? by Mitch

Mitch — Wed, 28 Jul 2010 02:49:03 +0000

Thanks Laura. I hope the banks turn around, but like the housing industry, it’s predicted that it could be 2012 or 2013 before the ships are righted.

Comment on Is The Banking Industry Killing The Housing Industry? by Laura

Laura — Tue, 27 Jul 2010 22:24:18 +0000

Very interesting perspective and I can definitely see how that could be right. I guess we’ll see as the economy starts to recover and banks aren’t doing so terribly anymore.
Laura´s last blog ..July Financial News You May Have Missed

Comment on Debt Collectors Own Up To Breaking The Law by Mitch

Mitch — Sun, 25 Jul 2010 05:12:15 +0000

Exactly Jack. It’s funny how we see these people as scary when they’re just people with no real power. But everyone has to be ready to protect themselves.

Comment on Debt Collectors Own Up To Breaking The Law by jack torn

jack torn — Sat, 24 Jul 2010 18:03:11 +0000

In order to cash their commissions they will try to do whatever they can, legally or illegally, its up to the pople to study as much as they can in order to know the legaly options they have, and dont panic when collectors come to their home trying to threaten them. Thats why law exists, in order to Protect the people who pays the salaries of the government employees.

Comment on Debt Collectors Own Up To Breaking The Law by Mitch

Mitch — Tue, 20 Jul 2010 15:53:13 +0000

I agree with you, Tim. It’s too bad all of us don’t have the ability to turn tape recorders on quickly so that we can catch more of these folks in the act.

Comment on Debt Collectors Own Up To Breaking The Law by Tim Manni

Tim Manni — Tue, 20 Jul 2010 15:26:41 +0000

Hey Mitch,

As the months and years go on, and as we begin to dig our way out of the foreclosure mess we’re still mired in, I will be very interested to see how many mortgage lenders or debt collectors (if any) broke the law when foreclosing on borrowers. I can bet that improper notice and procedure are just the beginning of borrower complaints.

Nice post,
Tim

Comment on Social Media’s Financial Impact by Mitch

Mitch — Tue, 20 Jul 2010 04:38:23 +0000

Exactly Belmont. You can change on the fly if needed,and as more people go mobile and online at the same time, it gives marketers a better opportunity to connect across the board with consumers.

Comment on Social Media’s Financial Impact by Belmont Thornton

Belmont Thornton — Sat, 17 Jul 2010 11:36:49 +0000

Well, very true and I agree with you completely. Social Media Marketing is the latest buzz, and is going to be the next level of marketing. After all, it is the cheapest way to reach out to a huge number of your target customers.

Comment on 5 More Things To Know About Buying A House by Mitch

Mitch — Sat, 17 Jul 2010 03:09:26 +0000

Great tip, Bill; why fight the system when someone’s willing to help you out, right? Thanks for sharing.