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Personal Finance News 01/2015



The best investments of 2014 – and the worst
How was 2014 for your portfolio? Had you majored on FTSE 100 stocks, said Merryn Somerset Webb on MoneyWeek.com, you'd have been in for another disappointment. Despite widespread predictions that the index would break through the all-time high of ...

Become a personal finance wiz this new year with MoneyWiz 2 for iPhone and ...
Become a personal finance wiz this new year with MoneyWiz 2 for iPhone and ...

Union Bank home loan offer
Further, since customers, who have constructed/purchased a dwelling unit with a loan from the bank, may incur various miscellaneous expenses while shifting to the new house, Union Bank will make personal loan available with liberalised norms, the bank ...

Mortgage rates defied forecasts in 2014; what's ahead in 2015?
Housing economists were nearly unanimous a year ago: U.S. mortgage rates would rise in 2014 because the Federal Reserve was unwinding a key economic stimulus that had helped keep long-term interest rates low. But as the year passed, the Fed's ...

Personal finance tops New Year resolutions for 2015: Survey
New Year resolutions have long been part of our life since a long time. It is an important calendar milestone for us to take stock of our lives and analyze, be critical and take pride, all at the same time. Come New Year and many of us resolve to ...

Average 30-year mortgage rate edges up to 3.87 percent
Average U.S. mortgage rates rose slightly this week, but the benchmark 30-year rate stayed near a 19-month low. Mortgage giant Freddie Mac says the nationwide average for a 30-year fixed rate mortgage increased to 3.87 percent this week, up from 3.83 ...

Despite All The Predictions, Mortgage Rates Finish 2014 Sub-4%
The latest weekly survey from Bankrate.com highlights that the benchmark 30-year fixed mortgage rate rose to 3.99% from 3.96% last week, thus closing the year below the psychological 4% barrier. In November, ValueWalk carried the Primary Mortgage ...

New year sees more mortgage rate cuts
Competition in the mortgage market shows no sign of relenting after lenders started the new year with a slew of rate cuts. First Direct on Friday announced it was lowering rates to 2.39 per cent on its five-year fixed rate mortgage. The market-beating ...

My First Million — Rajesh Agrawal
They then gave me a personal loan of £20,000! This money was my buffer to live on for the next 18 months. Paresh and I moved from London to Brighton, where I found a small office for £350 a month. I also increased my credit card limit, which was a very ...

Montana Legislature: Top issues for 2015 session
Gov. Steve Bullock's "Healthy Montana Plan" for Medicaid expansion is modeled after the Healthy Montana Kids Plan which covers children in low-income families. The plan would use up to $750 million in federal dollars to expand Medicaid coverage to ...

Low mortgage rate not automatic lock to stay in home
Nela Richardson, chief economist for Seattle-based Redfin real-estate brokerage, says mortgage rate lock-in is “a bit of a misnomer” because it suggests homeowners are trapped in a bad situation. Instead, she says, a low rate “is nothing but good news ...

New consumer debt reaches seven-year high in UK
Personal loan rates have also plummeted: two years ago the best-buy £5,000 loan had an interest rate of 7%; now the same amount can be borrowed at 4.9%, meanwhile on a £10,000 loan you can pay just 3.9%, against 5.4% in 2013. Andrew Hagger of ...

Good Debt, Bad Debt: It's Mostly Bad For Your Personal Finance Plan
After six years, the era of deleveraging household debt is over, according to the Federal Reserve Bank. Since the fiscal crisis, Americans have reduced their household debt by $1 trillion, from $12.7 trillion in the third quarter of 2008 to $11.7 ...

3 Ways to Deal With Your Holiday Debt Before It Gets Out of Control
If you're looking at several months or years of debt repayment, you may be better off consolidating the high-interest credit card debt with a personal loan at a lower interest rate. Again, it's crucial you not add to the debt during or after you've ...

Personal Finance: Lesson of debt
The lesson of debt presents itself so you can firstly: Embrace it; take responsibility; take ownership; view it as a phase in life where you will learn invaluable lessons; respect the person, if any that is reaching out to take your hand; Meet your new ...

Catholic group urges tougher laws for payday loans
WICHITA, Kan. — A group representing Catholic bishops in Kansas wants lawmakers to approve tougher state regulators for payday lenders. The Wichita Eagle (http://bit.ly/1BtS5vB ) reports that Kansas Catholic Conference executive director Michael ...

Ideas for fixing 401 (k) plans
Michael Abbott's 401(k) retirement plan is more transparent than most — which isn't a high bar to clear. Abbott is a partner at Gardere Wynne Sewell, a Houston law firm that charges employees a flat fee of about $100 annually to cover the cost of ...

Personal finance class now available to school staff
And now, Putnam County teachers and other school system employees have that opportunity with a new online personal finance class — a class which happens to be the exact same one high school juniors are taking through the county's virtual school, VITAL ...

Personal finance class now available to school staff
And now, Putnam County teachers and other school system employees have that opportunity with a new online personal finance class — a class which happens to be the exact same one high school juniors are taking through the county's virtual school, VITAL ...

Personal finance action plan for 2015
Making resolutions has become a must-do activity at the beginning of every New Year. However, the test is the end of year review. If it has not worked in 2014, how do you expect to come through in 2015? Just like in all aspects of your life, the New ...

Personal finance Q&A: Eliminating private mortgage insurance
Dear Liz: I bought my first home about a year ago. Because I had very little money for the down payment, I have to pay private mortgage insurance, which is a whopping $385 each month. My burning question about this is: How can I get rid of it? There ...

Four financial resolutions worth keeping in 2015
It's the start of the New Year, and that means consumers are making resolutions—again. The top three financial promises that appear year after year, according to research from Fidelity Investments, include: saving more money, paying off debt and ...

Krungsri Consumer rejigs regional expansion strategy
LEARNING from its recent step into the consumer-finance market in Laos via a joint venture with a local partner, Krungsri Consumer - the credit card and personal loan arm of Bank of Ayudhya - is adjusting its approach to broadening its services to ...

Personal finance: Stretching your nest egg for retirement
Are you ready for retirement? I'm not talking about the feeling that you'd like to chuck your job or the daily grind of commuting. Rather, do you know if you have enough money to retire and how to stretch what you've saved so the money lasts ...

Josh Felber Wins "Best Personal Finance Expert" of 2014
The votes have been tallied and a new champion has been named the “Best Personal Finance Expert” of 2014. For the fourth year in a row, GOBankingRates rounded up the year's 12 leading personal finance gurus and asked them for their best tip for ...

Two banks announce mortgage rate cuts
Permanent TSB and Bank of Ireland have announced details of planned mortgage rates cuts on some products, the latest move in an increasingly competitive market. PTSB, which is seeking to raise at least €100m of capital after failing European bank ...

First Direct to refund borrowers after personal loan blunder
Online bank First Direct has been ordered to repay money to loan customers after not including information about overpaying in the small print in loan statement. Under the Consumer Credit Act, lenders have to tell borrowers they can pay their loans off ...

The 'sharp scenario' that sees mortgage repayments rise by £119
Half (49.5pc) of those with a variable rate mortgage were not sure that their mortgage rate will increase in 2015 or did not expect it to. But Cebr predicts that at the minimum, mortgage payments could increase by £81 a year by the end of 2015 as a ...

Where interest rates are going in 2015 — and what it means for your loans
Bankrate is projecting that the benchmark 30-year fixed mortgage rate will stay below 5 percent in 2015. Worries over geopolitical risks or overreaction to announcements from the Fed could cause rates to jump as high as 4.8 percent or 4.9 percent ...

Grand Coteau cited for making personal loan payments to employee's creditor
The town of Grand Coteau was cited in a recent audit for making loan payments to an employee's creditor, which reportedly violates state law. According to the Louisiana Legislative Auditor's Office, the town made the monthly loan payments on the ...

How to Get a Personal Loan with Fair Credit
If you have fair credit, you probably know that getting a personal loan will be a bit more difficult for you than those who have good credit. This is because personal loans don't require collateral, so the lender relies solely on your financial ...

How to Get a Personal Loan with Fair Credit
If you have fair credit, you probably know that getting a personal loan will be a bit more difficult for you than those who have good credit. This is because personal loans don't require collateral, so the lender relies solely on your financial ...

Personal Finance: Resetting your life for retirement
The phrase “downsizing for retirement” is popular with Baby Boomers, the youngest of whom turned 50 last year. It sparks a conversation about transition, which may include buying fewer new things, selling, gifting or donating possessions that are no ...

BNZ pushes through two selected fee increases over the holiday period, one for ...
BNZ pushes through two selected fee increases over the holiday period, one for ...

Comer says his campaign raised $555000 last quarter
The other major Republican already raising funds for this year's gubernatorial election is former Louisville Metro Council member Hal Heiner, who launched his campaign last March and has largely funded it with a personal loan of $4 million to his ...

UK Credit Card Demand Surges as Consumers Drive Economy
Personal-loan demand also rose “significantly” in the quarter. The survey tallies with recent data showing consumers helped drive Britain's economy in 2014. With the weak euro-area economy suppressing U.K. exports and manufacturing growth, that may ...

U.K. Credit Card Demand Surges as Consumers Drive Economy
Personal-loan demand also rose “significantly” in the quarter. The survey tallies with recent data showing consumers helped drive Britain's economy in 2014. With the weak euro-area economy suppressing U.K. exports and manufacturing growth, that may ...

Personal finance Q&A: What will my Medicare Part B premium be?
Q: I am 66 years old and normally in the 10% federal income tax bracket. Since taking Social Security, I have never earned enough money to have to pay any taxes on my Social Security. In 2014, I sold my only rental income property for a long-term ...

Josh Felber Wins GOBankingRates' Fourth Annual "Best Personal Finance ...
Josh Felber Wins GOBankingRates' Fourth Annual "Best Personal Finance ...

Personal finance Q&A: What will my Medicare Part B premium be?
7/18/2014 11:38:08 AM -- Swampscott, MA, U.S.A -- USA TODAY personal finance advice columnist, Robert Powell -- Photo by Josh T. Reynolds for USA WEEKEND ORG XMIT: JR 131396 USAW - personal 7/18/2014 [Via MerlinFTP Drop] / Josh T. Reynolds, ...

4 things you should not do until your home loan is sanctioned
But if you had taken a personal loan sometime back towards which you are paying Rs 10,000 as EMI, then as per fixed obligation to income ratio the reworked EMI for the home loan would be only Rs 15,000. Accordingly, your home loan eligibility would be ...

Current Mortgage Rates for Tuesday, January 6, 2015
arrow-pointing-down-big Yesterday was a very good day for mortgage rates. A bond rally that started on Friday continued all day yesterday, and is continuing this morning. Rates are lower than they've been for at least a year, and pretty soon we may be ...

Investing in Savings and Loan
... generating activities – offering commercial loans, even their own investment brokerage services and other investment services – Savings & Loans are pretty much stuck with residential mortgages, with some car loan and personal loan activities on the ...

Omaha is 7th-best city for job hunters, personal finance site says
Omaha is the seventh-best city in which to find a job in 2015, according to a new ranking by personal finance website WalletHub. The list ranks the 150 most populous cities based on job market factors such as employment growth, job opportunities ...

Don't Make This Big Personal Finance Mistake
According to a Bankrate.com survey, 63% of millennials (defined in the study as ages 18-29) and 35% of people over age 30 don't have a single credit card. While this can simplify your finances, not having a credit card could actually do you more harm ...

Mortgage Rates Are Back at 2013 Lows
Lenders generally report increases in refinancing activity when mortgage rate drop. Lower rates could also provide a jolt to the purchase market by helping borrowers to afford homes they otherwise might not be able to get. Rates on other types of ...

30-Year Fixed Mortgage Rates Plunge to 19-Month Low; Current Rate is 3.58 ...
30-Year Fixed Mortgage Rates Plunge to 19-Month Low; Current Rate is 3.58 ...

5 Easy-to-Achieve Personal Finance Resolutions for the New Year
It's that time of year--the season when we reflect on the last 12 months and make resolutions to better ourselves in the new year. But whether you're taking on a new fitness routine, a more positive outlook, or a commitment to strengthening your ...

Tate files new lawsuit over alleged debt, defamation
Tate also asserts he is under no obligation to repay Himstedt's wife, Laura Himstedt, for a $10,000 personal loan she made to him when the company was struggling in its early stages. Tate had agreed to pay back the loan as a 1 percent share in the ...

Lowest Rate v/s Lowest Processing Fee v/s Lowest Prepayment deal
A personal loan could be an answer to fulfill your plans without getting into the hassle of tedious documentation. Although a personal loan is considered as the means to quick money, it comes at a high cost. Therefore, it is important to know who is ...



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