Bernanke: Growth, inflation concerns

Fed chief acknowledges "troubling signs about economic growth" but also issues sharp warning about inflation. My question: Is the paper money house about to burn down?

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Befuddled by debt? You're not alone

Americans are 'financially illiterate' and caught up in a web of debt. Poor savings don't help, according to two new studies.

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AFFIL Stands Their Ground On Fox News

Wishing you Financial Security!

We are Debt Warriors!

I got this email this morning from Americans For Fairness in Lending. We can take action for change.

In the aftermath of reckless subprime lending, our nation's economy is in serious trouble. This week the Senate will vote on a new bill that would prevent unnecessary foreclosures and stabilize the housing market. Please take a moment now to tell your Senators to support this bill – call toll-free 1-800-580-5739 to be connected with them. Here’s a sample message:

I understand that the Senate will vote this week on Senator Reid's "Foreclosure Prevention Act of 2008," S. 2636. This is a time to stand up for homeowners and support sustainable mortgages. Please help restore confidence in our economy by giving your full support to this bill.

Please act today

• AFFIL Partners have set up a toll-free hotline so you can call your Senators and tell them to support S. 2636 – just call toll-free 1-800-580-5739 to be connected with your Senators. Every call counts, so make sure to call now!
• Forward this email to your friends and co-workers.
• We expect a vote this week, so act now!
  
• Visit the Center for Responsible Lending for more information or to email your Senators. (Keep in mind that calls will have much more impact!)

Why

• Foreclosure rates are rapidly increasing, and experts agree that, without sensible policy changes, the problem will get worse during the remainder of this decade.
• Voluntary lender efforts are making only the slightest dent in the problem. Loan servicers simply don't have the resources to cope with the magnitude of the problem.
• It isn’t fair that people can modify loans if they run into trouble paying for their second homes, their yachts, their investment properties, or their small businesses – but not their primary residences.
• It also isn't fair that mortgage lenders can get assistance from courts when they get in trouble, but homeowners do not have that option.
• By lifting the ban on court-supervised loan modifications for qualified homeowners, this bill could enable 600,000 families nationwide keep their homes.
• Without this remedy, massive foreclosures will continue to weaken the entire economy.

Background

Previously we asked you to support a foreclosure prevention bill proposed by Senator Durbin. That bill was recently rolled into this new bill, Senator Reid's "Foreclosure Prevention Act of 2008" (S. 2636), which is a broader proposal for minimizing damage caused by abusive subprime loans and strengthening the housing market.

We will keep you posted on the results. Thank you for your support!

Best regards,

Sarah Byrnes

Campaign Manager, AFFIL



Wishing you Financial Security!

We are Debt Warriors!

Freedom From Debt Mind-Set | Tip Two

Don't Take Debt Personally

Four things to keep in mind

1. Don’t take Debt Personally – It’s Just Business.

2 . Be professional but competitive with your Lender. Lenders are not your friends they are competing with you for your income.

3. Be prepared – never scared. Organize all of your debt documents for quick and easy reference.

4. If your in over your head, find a trusted mentor, friend or family member for help.

Wishing you Financial Security!

We are Debt Warriors!

Freedom From Debt Mind-Set | Tip One

How to PLAN a Successful War On Debt
Goals, Objectives, Dates, Methods

To break free from debt, the first step commands you to set specific Goals with realistic Objectives. Next, target the exact Dates and choose the right Methods.

Wishing you Financial Security!

We are Debt Warriors!

Senator Barack Obama On Bankruptcy Reform

Senator Barack Obamas call for Bankruptcy Reform and J. Carlton Ford introducing the Freedom From Debt Mind-Set". This audio was Recorded February 19, 2008.

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10 Keys To Unlocking Your Freedom From Debt Mindset

10 Keys To Unlocking Your Freedom From "Debt Mind-Set"

Why are Eskimo's able to survive extreme cold and inclement weather? Why has humankind been able to land and land on the Moon? Why are some people able to get out of debt while others can't?

It all in the Mindset. As you know anything is possible if you have the right "Mind-Set". You can survive cold weather, land on Moon, and get out of debt with the right Mind-Set.

The next 10 post will provide deeper explanation of the Freedom From Debt Mind-Set. Below are the following 10 Keys to unlocking your Freedom From Debt Mind-Set.


1. Set Goal with an exact date to be debt free
2. Don’t think of debt as personal – it’s just business
3. Educate yourself about cash, credit and debt
4. Seek support or mentors who can help you
5. Make a constant payment of $5 above your minimum monthly payment
6. Don’t disclose your personal information to anyone.
7. Close your Bank accounts – Bank fees are made to keep you in debt.
8. Don’t be scared of change. Instead be prepared for change when it happens
9. Open a Credit Union Account.
10. Be willing to settle a debt that you owe. Creditors and Debt Collectors want your money – I mean, business.

Wishing you Financial Security!

We are Debt Warriors!

Growing Rich-Poor Divide in Affording Necessities

From the Pew Research Center"Public views of the U.S. economy, already quite negative, have plummeted since January. Just 17% currently rate the nation's economy as excellent or good, down from 26% last month. The percentage of Americans rating the economy as "poor" has increased even more dramatically, from 28% to 45%"

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Valentines Day|14 Reasons For Protest|Credit Reform

Did you know? The average debt for a single credit card is 3,000?

The average American has three credit cards. The average amount of credit card debt per American household is $9,000.

As little as $3,000 in credit card at 24% interest will end up costing the borrower $36,571. That's thirty six thousand, five hundred and seventy dollars. What's worse, once your rate is raised your other creditors will pillage and plunder your finances.

Last week Kasondra and I asked you to go to Credit Card Reform.org. We urged you to send U.S. Lawmakers a Valentines Day kiss of Protest. We asked you to join Americans For Fairness In Lending in demanding Credit Card Reform.

Why did we ask you to take action? There are too many answers to that question. This Valentines Day we'll give you 14 reasons to send a bitter sweet kiss to demand credit card reform.

1. The right to raise your interest rate at will.

2. Tricky terms and conditions.

3. Double Billing Cycles

4. Universal Default

5. Lack of fair disclosure

6. Changing grace periods

7. Outrageous fees
8. Hidden Interest Charges
9. Default Rates for cash advances

10. Automatic defaults for using your card at an ATM machine
11. Horrible fine print

12. Teaser Rates

13. Applying payment to the lowest A.P.R first

14. Since they are the "1st Party Creditor' they can legally stalk you.

To make it safe, secure and easy to send your kiss of protest, log onto CreditCardReform.org .

If you haven't watched "Maxed Out", it's a movie that will make you demand change. You can watch Maxed Out on-demand if you have a Netflix account.

Credit card abuse is prevalent and dangerous and poses a danger to you and all of America. This Tuesday the Associated Press aired a news story on WDBO AM in Orlando, Fl.. A Chase customer was complaining that he never made a late payment yet his Chase credit card A.P.R. was raised from 14.24% to 24%. Again, $3,000 at 24% interest will end up costing $36,571

What do you think? Speak out! Send us your comments, or questions. Send Link Trade and Media inquires to: Jford@debtwarriors.com.

Wishing you Financial Security!

We are Debt Warriors!

Taxpayers could get checks under economic stimulus plan

American taxpayers would get checks of several hundred dollars from the government under a plan to stimulate the economy, sources said Thursday.

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Death Leaves Families In Debt

This post is for everyone who thinks that debt occurs only from credit. This is also a hand of understanding to those who are dealing with medical illness or a death in the family.

Millions of people lose a loved one everyday. Trying to deal with the debt associated with death, is unthinkable for most. That's why there are Funeral Homes.

Death and debt are realities of life. I'm not trying to be morbid. I'm telling you the truth. But I think you know it true already.

I know how debt affects a family because my Uncle Richard recently died. It's always tragic when a family member or loved one dies. What's more tragic, is the debt that's associated with dying.

In every war people die. It no different in your war on debt. I think Mark Twain said, two things are certain in life are death and taxes. The death bill often comes unexpectedly and always at the worst times. Don't get me started on death taxes.

Debt haunts our loved ones after we pass. My Mother (God bless her) rallied my family around paying for my Uncle Richards Cremation. Mom is still suffering from the loss. Today she goes to pay Uncle Richard's remaining cremation bill of $700.

Many people are under the impression that debt is people borrowing money and refusing to pay the money back. If you are one of them reading this now, think about the loved ones you lost? Now think...

Who had to pay to lay them to rest?
How did they feel having to make the decision to pay for cremation or casket?

My point is, debt isn't always about credit. For instance, if you're in the hospital you'll have medical bill (debt). If you die afterward, there will be a bill to lay you to rest(debt).

When people die their family suffers financially. For example, if you're main household income earner and you die, your family has less money. If your spouse has an income you will have their burial debt - minus their income.

What can you do? Embrace that debt is a part of the process of dying. It sucks, it hurts, and it doesn't seem fair. I know.

Please do your best to cover your families burial needs? If you can do this before they pass, you will benefit from one less burden while you go through the grieving process. It's hard enough to grieve a loved life lost. What's worse, is the chaos surrounding burying a loved one.

Rest in peace Uncle Richard. My sincere condolences to anyone who's lost a loved one recently.

What do you think? Speak out! Send us your comments, or questions. Send Link Trade and Media inquires to: Jford@debtwarriors.com.

Wishing you Financial Security!
We are Debt Warriors!

Papers Show Wachovia Knew About Theft

"Last spring, Wachovia bank was accused in a lawsuit of allowing fraudulent telemarketers to use the bank’s accounts to steal millions of dollars from unsuspecting victims. When asked about the suit, bank executives said they had been unaware of the thefts. But newly released documents from that lawsuit now show that Wachovia had long known..."

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Confessions of a Mortgage Broker

Here’s what you need to know about how mortgage brokers really work: “When I have a client I really don’t like — he’s a pain in the ass — that’s when I charge as much as I can get out of them,” says Jack, a mortgage broker based in Southern California. Find out how mortgage brokers screw you and how you can fight back!

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Send Congress A Valentines Day Kiss Of Credit Card Protest

Send Lawmakers A Valentines Day Kiss To Protest Credit Card Abuse

This Valentines Day, tell your lawmakers to give your unfair credit terms a good bye kiss...

Credit card companies use sneaky credit terms and conditions like "Double Billing Cycles" "Universal Default Clauses" and the right to unfairly charge you extra interest at will! These sneaky credit card clauses act as Debt "Smart-Bombs" that will explode when you are financially most vulnerable...

As the economy tightens, you need fair credit terms for your credit cards. That's why, this Valentines Day, THE WAR ONDEBT.NET is asking you to join our friends at Americans For Fairness in Lending and Consumers Union and tell your lawmakers to help you Kiss Unfair Credit Card terms good-buy.

To send your lawmaker a free Valentines Day Card, log onto: CreditCardReform.ORG It takes about 30 seconds and is safe and secure.

Send us your comments, or questions. Send Link Trade and Media inquires to: Jford@debtwarriors.com.

Wishing you Financial Security!
We are Debt Warriors!