Comments on: What Stimulates You? http://www.philosyphia.com/moneyfinances/what-stimulates-you My Keyboard, My Sword Thu, 12 Jan 2012 23:28:29 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Courtney http://www.philosyphia.com/moneyfinances/what-stimulates-you/comment-page-1#comment-2663 Courtney Thu, 12 Feb 2009 04:45:42 +0000 http://www.philosyphia.com/?p=1293#comment-2663 I would like banks to be required to renegotiate mortgages regardless of the balance remaining. I was watching CNN a few days ago and a woman wrote in to Suze Orman that she only owed another 20K on her mortgage, but she got a smaller paying job and couldn't afford the mortgage payment. Her mortgage holder is refusing to help her out. For the bank it's a no-brainer - she reneges on her mortgage, they take the house and make a killing because she only owes 20k! It's just not fair. That's not really stimulus, but... it would help. I can't imagine that she's the only person in that situation. <abbr><em>Courtneys blog: <a href="http://fiveseconddanceparty.com/?p=542" rel="nofollow">Lucky You - Three Memes In One Post</a></abbr></em> I would like banks to be required to renegotiate mortgages regardless of the balance remaining. I was watching CNN a few days ago and a woman wrote in to Suze Orman that she only owed another 20K on her mortgage, but she got a smaller paying job and couldn’t afford the mortgage payment. Her mortgage holder is refusing to help her out. For the bank it’s a no-brainer – she reneges on her mortgage, they take the house and make a killing because she only owes 20k! It’s just not fair. That’s not really stimulus, but… it would help. I can’t imagine that she’s the only person in that situation.

Courtneys blog: Lucky You – Three Memes In One Post

]]> By: Marie http://www.philosyphia.com/moneyfinances/what-stimulates-you/comment-page-1#comment-2636 Marie Sat, 07 Feb 2009 00:09:22 +0000 http://www.philosyphia.com/?p=1293#comment-2636 Also, I wish that small debt could just be eliminated somehow. I have a few cards that are under $5000 and I'm having a hard time making payments because everything is messed up from being unemployed. It's annoying having my credit be destroyed by debt that's so small. I wish that CC companies could just make some sort of decision based on past payment history/income/taxes/situation and just eliminate or most of it. Or have a student loan forbearance above. I know it doesn't sound responsible and it was I who made the debt but honestly. I got court summons to Waterloo for $2000 from Veridian Credit Union :P I called and worked small payments out with their lawyers but seriously. Don't they have bigger fish to fry? I've made the irritating calls, begging to lower my interest rates, and they've worked..but it's still a pain. Also, I wish that small debt could just be eliminated somehow. I have a few cards that are under $5000 and I’m having a hard time making payments because everything is messed up from being unemployed. It’s annoying having my credit be destroyed by debt that’s so small. I wish that CC companies could just make some sort of decision based on past payment history/income/taxes/situation and just eliminate or most of it. Or have a student loan forbearance above.
I know it doesn’t sound responsible and it was I who made the debt but honestly. I got court summons to Waterloo for $2000 from Veridian Credit Union :P I called and worked small payments out with their lawyers but seriously. Don’t they have bigger fish to fry? I’ve made the irritating calls, begging to lower my interest rates, and they’ve worked..but it’s still a pain.

]]> By: Marie http://www.philosyphia.com/moneyfinances/what-stimulates-you/comment-page-1#comment-2635 Marie Sat, 07 Feb 2009 00:01:41 +0000 http://www.philosyphia.com/?p=1293#comment-2635 Interesting post. I learn some things from reading your blog. I like the idea of getting money to improve homes and properties. I'd just hope that people would only be allowed to spend it on home improvements. That would be a lot of money going to people though. Homes are expensive to fix. :/ Especially around some parts here in Metro/Detroit where it would just be better to burn and start over :P Detroit is getting busy with knocking down a lot of burned down neighborhoods from the riots and building nice apartments and things. So that's part of a urban renewal project here. I get yearly forbearance on my student loans. Mine is actually ending this month but I'm going to apply for another since I'm unemployed. I used the Stafford loan company and the people there are really nice and understanding. They base the forbearance on my taxes and income and a written statement. I still get charged interest but it's a lot better than paying $100 or more every month when I'm trying to buy food or pay for car insurance or keep my home from the bank :) I don't know what company you used or if it was a bank, but that's how mine works. Interesting post. I learn some things from reading your blog.

I like the idea of getting money to improve homes and properties. I’d just hope that people would only be allowed to spend it on home improvements. That would be a lot of money going to people though. Homes are expensive to fix. :/ Especially around some parts here in Metro/Detroit where it would just be better to burn and start over :P Detroit is getting busy with knocking down a lot of burned down neighborhoods from the riots and building nice apartments and things. So that’s part of a urban renewal project here.

I get yearly forbearance on my student loans. Mine is actually ending this month but I’m going to apply for another since I’m unemployed. I used the Stafford loan company and the people there are really nice and understanding. They base the forbearance on my taxes and income and a written statement. I still get charged interest but it’s a lot better than paying $100 or more every month when I’m trying to buy food or pay for car insurance or keep my home from the bank :) I don’t know what company you used or if it was a bank, but that’s how mine works.

]]> By: Sara http://www.philosyphia.com/moneyfinances/what-stimulates-you/comment-page-1#comment-2634 Sara Fri, 06 Feb 2009 18:28:48 +0000 http://www.philosyphia.com/?p=1293#comment-2634 Personally, I'd really like a job right now. Or unemployment benefits. Since I haven't lived in Iowa for the last 18 months, I do not qualify for unemployment. That really sucks considering I've lived in Iowa for 30 of my 33 years and started paying into unemployment when I was 14. Obviously I would rather have a job but I don't see the State of Iowa trying to keep anyone here. We can't even get the flood money that those cities and individuals have been waiting for since June. I rec'd my IA car registration this week: almost $300. I also rec'd my FL car regiatration this week: $36.10. No state income tax there either. If it weren't for all the old people I'd be back there in a heartbeat. Oh, and I need my family/friends to move too. (Shall we carpool?) Mostly, I wish they would stop using the word stimulus. Isn't that what was supposed to happen with the last check we got? Didn't work. I have no faith in the government and am REALLY tired of the Obama commercials urging our State Republican Senator to vote for this pork bill. How much money is being wasted in each state to air these commercials that sound like campaign commercials? They need to focus, focus, focus and stop pushing their own agendas. Ok, I realize this was a rant. Sorry... I'm unemployed and have a lot of time these days. Bring it on! Personally, I’d really like a job right now. Or unemployment benefits. Since I haven’t lived in Iowa for the last 18 months, I do not qualify for unemployment. That really sucks considering I’ve lived in Iowa for 30 of my 33 years and started paying into unemployment when I was 14. Obviously I would rather have a job but I don’t see the State of Iowa trying to keep anyone here. We can’t even get the flood money that those cities and individuals have been waiting for since June. I rec’d my IA car registration this week: almost $300. I also rec’d my FL car regiatration this week: $36.10. No state income tax there either. If it weren’t for all the old people I’d be back there in a heartbeat. Oh, and I need my family/friends to move too. (Shall we carpool?) Mostly, I wish they would stop using the word stimulus. Isn’t that what was supposed to happen with the last check we got? Didn’t work. I have no faith in the government and am REALLY tired of the Obama commercials urging our State Republican Senator to vote for this pork bill. How much money is being wasted in each state to air these commercials that sound like campaign commercials? They need to focus, focus, focus and stop pushing their own agendas. Ok, I realize this was a rant. Sorry… I’m unemployed and have a lot of time these days. Bring it on!

]]>