Bankruptcy and Debt Carnival 7

General

AndrewB presents: A Home Based Business ? Who, Why, When and Where To Start? posted at Personal Plug, saying, “Everyone loves a Home Based Business Opportunity. I love mine and you cannot be an exception I guess! So let us start from the beginning and explore as to Who, Why, When and Where you could start this Business Opportunity using the Internet.”

Kirby presents Are you stupid for paying your mortgage? | Kirby on Finance posted at Kirby on Finance.

KCLau presents The Malaysian Insurance Planning Guide by Meshio.com [REVIEW] posted at KCLau’s Money Tips, saying, “A review about an ebook on insurance planning. The book is specially written to guide Malaysians on their next insurance purchase.”

Bankruptcy

Silicon Valley Blogger presents Facing Foreclosure: CaseyWild Deals » Silicon Valley Blog About Money posted at The Digerati Life, saying, “Thanks!”

Mr Credit Card presents The Surprising Truth About Bankruptcy posted at Ask Mr Credit Card.

Neil Douglas-Campbell presents What Happens if I Declare Myself Bankrupt? posted at Debt Advice Free, saying, “This post explains the procedure for declaring yourself bankrupt in the UK and the implcations for your bank accounts, home etc.”

Credit Cards

Moneywalks presents Credit Report and How It All Works posted at moneywalks.

Debt

Rich Leverage presents Debt Decisions posted at his blog Rich Leverage.

Indian presents 2009 Horoscope – Astrology posted at DecisionCare, saying, “Check out our debt forecasts. 2009 Horoscope – Astrology predictions and forecasts for new year.”

PabloPabla presents A Federal Debt Relief Grant Can Be Yours…If You Just Ask posted at The Credit Card Debt Relief Site, saying, “Free yourself from debts. Start by asking.”

Mike Leonard presents Playing musical chairs with debt posted at Until Debt Do Us Part.

Finance

Sam presents NEW !! The Bank Crisis, the Subprime Mortgage Crisis and How they Affect You posted at Surfer Sam and Friends, saying, “The Bank Crisis, the Subprime Mortgage Crisis And How They Affect You At the foundation of the bank crisis and the stock market crash of 2008 are money, greed and risk. The New World of Mortgages Traditionally, when you applied for a mortgage, your bank handled all stages of the transaction. The bank checked your credit, lent you money to buy a house, held the mortgage in its vault, collected your monthly payments and foreclosed on any bad loans. In the 1990s, things changed. A different specialist handled each stage of the mortgage. Mortgage brokers drummed up applicants for mortgages. Mortgage banks lent the money and held the mortgage note. They quickly resold these mortgage notes to investment banks. Mortgage servicing companies collected your monthly payment, and remitted the money to the owner of your mortgage. Creative Finance with Mortgages Meanwhile, investment banks put the mortgages into a trust, sorted the mortgages by risk and designed a new financial instrument, called a CMO, collateralized mortgage obligation. Basically CMOs were fancy debt instruments, IOUs with a fixed rate of return, based on bundles of home mortgages. The CMOs were supposed to work just like corporate bonds. Some CMOs, the toxic ones, were based on high risk mortgages, and some CMOs were based on high-quality, lower-interest mortgages. CMOs were rated for quality just like corporate bonds. Everyone in the financial world wanted to own them.”

Personal Finance

sherin presents How do you prepare for losing your job posted at Investment Internals, saying, “A strategy to build a financial shield to overcome all the financial problems that can affect your smooth life. It is a must article for those who fear about losing of job”

Debbie Lawrence presents Budget Busters Top 10 Redux posted at Bird On A Wire.

Michael Bass presents How to get a cell phone with no i.d., no passport, and no credit card posted at Debt Prison, saying, “I thought it would be a great idea to write an article about getting a cell phone if you don’t have a credit card, a passport, or even an i.d… These phones are called ‘pay as you go’ and work quite well.”

Ben Dinsmore presents How to Build Up Your “Emergency Fund” in a Dismal Economy posted at Trees Full of Money, saying, “To help you in boosting your rainy day fund in these troubling economic times, I have assembled a list of ways to free up cash now to expedite your emergency preparedness.”

MoneyNing presents Self Discovery – My Own Buying Habits posted at Money Ning, saying, “Being frugal is a decision that only you can make and not every situation warrants it!”

Joshua Seth presents 5 Steps To Prosper In Hard Economic Times posted at Joshua Seth Blog, saying, “As I write this article the stock market has seen historic declines, property values are declining, unemployment is on the rise, and inflation is increasing. A lot of people are justifiably worried and glued to the TV news every chance they can get. So what can you do about all this? Actually, quite a lot. You may not be able to change what’s happening in the world, but you can absolutely change how it affects you and actually profit by it in a big way.”