Posts Tagged ‘$4.5 million dollars’

5,000,000 Household 60 Days or More Behind On Mortgage Payments

As predicted the Mortgage Modification and the so called Moratorium on foreclosures due to improper paperwork filings we just a stall tactic by the mortgage companies to buy time before the stock marketing 4th quarter reporting.

Here are the 7 Steps to getting your financial house in order…

1. Stabilizing your household situation – you’ll never be able to pay any debt if you can’t ensure that you and your family has a roof over your head, food on the table, utilities paid and transportation to and from work.

2. Set-up a budget – you’ll never understand how to management your money unless you know to the dollar what’s coming in and what’s going out.

3. Put together a debt elimination plan – when you have a budget you can put together a strategy to pay off your debt faster because you see what’s in front of you.

4. Establish an emergency fund – this is very important because most people use a credit card for an emergency fund and that’s a problem. If you have cash on hand more than likely you’ll rarely have emergencies and if you do have one you won’t have to go into debt to take care of it. I recommend at least $500 to $1,000 accessible cash with no penalties if used. While getting out of debt.

5. Review for acceleration of your debt elimination plan – once you have the other steps on paper there are several options that will open up for settlement offers on credit cards, automobiles, payday loans, etc.

6. Action + Action + Belief + Concentration = Tremendous Results – nothing will happen without you taking definite action with belief you can accomplish your goals and a high level of concentration to keep you focused on your goals.

7. Start saving for life experiences…Fun, Retirement, Generational Wealth

Before you sign up for any debt relief program such as bankruptcy, debt consolidation or credit counseling please read this free consumer guide to getting out of debt at debtsolution.com/debtsolutionblog/getting-out-of-debt-consumers-guide-newly-released/”>CLICK HERE!

Elizabeth Warren Appointment by President Obama

This is a great appointment!  President Obama created a new position in the Consumer Protection division within the government because Warren wouldn’t have gotten enough support from Congress to be appointed.

Do you want to know why?  Elizabeth Warren is a REAL advocate for Consumer Protection.  I first saw her in the documentary Maxed Out by James Scurlock.  Elizabeth Warren suggested that banks and other lenders such as payday loans were in the business of lending to the poor because that’s were they made the most money.

They didn’t make any money from the people with good credit.  She even proved that numerous big time banks were financing the check cashing, payday loan, auto title loan and rent-to-own rip-off businesses.  They don’t want families to get out of debt they want them to get more and more debt.

In the documentary there was a scene where the big time bankers were testifying in front of Congress about the subprime lending practices.  But everyone was on their heels waiting for Mrs. Warren to speak because they knew she would lay the hammer down, but all the sudden when it was her turn to talk the abruptly ended the session.

Mrs. Warren was going to talk about how these banks have been taking advantage of the poor and middle-class with their easy credit no way out of the forest loans.  Rather than have the get out of debt they want them to keep refinancing, getting loans, getting payday loans, etc.

Elizabeth Warren’s bio:

Elizabeth Warren (born June 22, 1949)^[1] is an American attorney and law professor. She is the Leo Gottlieb Professor of Law at Harvard Law School, where she teaches contract law, bankruptcy, and commercial law. In the wake of the 2008-9 financial crisis, she became the chair of the Congressional Oversight Panel created to investigate the U.S. banking bailout (formally known as the Troubled Assets Relief Program). Since 2007, she has advocated for the creation of a new Consumer Finance Protection Agency^{[2][3][4][5][6][7][8][9][10][11][12][13]} which is now part of 111th United States Congress HR 3126. ^[14]

On April 12, 2010, CNN reported that Warren’s was among additional names being considered as Supreme Court nominees to replace retiring Justice John Paul Stevens. ^[15][16] On May 24, 2010, Time Magazine called Warren, Federal Deposit Insurance Corporation Chairman Sheila Bair, and Securities and Exchange Commission Chairman Mary Schapiro the “New Sheriffs of Wall Street” in a cover story. ^[17] On September 17, 2010, she was named a special adviser by President Obama to oversee the development of the new consumer protection agency. Her position will include the responsibility of recommending a director for this new entity, although it is unclear whether Warren will be in the running for the director position.

Koss VP of Finance Arrested for Stealing $4.5 Million Dollars

Headphone maker Koss, Inc.’s VP of Finance Sujata Sachdeva was arrested today for stealing $4.5 million dollars to pay off her credit cards.

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This is another hard lesson that no matter how much money you make you must manage it properly.

Get Out Of Debt Fast!