Bad Credit Forum- Re: Best Way To Pay Down Debt and Raise Credit ScoreAlso be sure to check your credit report for errors. They really do happen. I had 2 entries for one credit card, for example, which made it look like I had more outstanding credit than I did. I disputed it, and it was quickly fixed. […]
- Re: Best Way To Pay Down Debt and Raise Credit ScoreThere is a decent article on credit card payoff strategies: http://www.over50web.net/finance/save-money-finance/credit-card-payoff-strategies/ The comments actually give some good information. Basically, you should pick a stategy that works well for you. That said, I do believe that paying off cards that are close to their limits will have a quicker impact o […]
- Re: Renting With Poor CreditAbsolutely, your best bet is to long for somebody who needs a room mate in their own home - if you need very cheap rent, there are older people who need some help around the house or transportation - and they may be willing to give you a big break on rent (or even free rent) in exchange for some services. Of course, you have to be responsible and do what you […]
- Re: Best Way To Pay Down Debt and Raise Credit Score
Monthly Archives: February 2009
Common and Legal Ways To Reduce Federal Taxes to the IRS
Legally Reduce Your Tax Bill
No, these tips are no big secret, but are actually published on the IRS website. They are the most common type of tax deductions and credits that can reduce your federal tax bill. I am pubishing them here, because people often overlook them. We all have to pay taxes, but there is no reason to pay more than we legally have to pay!
- Exemptions for children and a spouse
- Deudctions – Home mortgage interest, Other Taxes Paid (i.e. real estate), Student Loan Interest, Charity, Casualty and Theft Losses, Some Job Related Expenses.
Home Prices at 5 Year Low Because of Recession and Foreclosures
Home Prices Dropped 12 Percent In The Last Quarter
- Distressed sales, including foreclosures, drove the price of single family homes down to a national median rate of about $180,000.
- Distressed home sales accounted for almost 40% of the sales. This done mean that this inventory is slowly being absorbed back into the economy.
- Some home buyers may benefit from lower prices, and hopefully, the market will eventually correct itself to a more normal market level.
US Unemployment at 26 Year High
Unemployment Rates Surge
Update: Friday Feb. 6 – Recession-battered employers eliminated 598,000 jobs in January, the most since the end of 1974, and catapulted the unemployment rate to 7.6 percent. The grim figures were further proof that the nation’s job climate is deteriorating at an alarming clip with no end in sight.
=========================================================================
New state unemployment benefit filings in the US have jumped to a 26 year high. In addition, the number of people who are staying on the unemployment rolls have also hit record levels. Analysts expect a loss of over 500,000 payroll jobs to be reported soon. That’s half a million new people who are out of work, which would fill up a mid-sized US city.
