Do You Want To Establish Credit? The Five Cs of Credit Evaluation

The Five Cs of Credit Evaluation

Equipment financing lenders, as well as banks, use the Five Cs to evaluate loan applications: Character, Credit, Cash Flow, Capacity and Collateral. However, while banks look at small-to-medium size companies from a Fortune 500 perspective, equipment financing companies see applicants from a small business perspective, which highlights a sixth C: Common Sense.

Here is what a lending institution means when referring to the Five Cs:

Character - Every lender wants to understand what type of borrower an applicant will be in order to make smart, safe credit-granting decisions. The longer a company has been in operation, the more its payment history and outstanding credit reveal management's attitude toward debt and making timely payments. Public records and references can come into play; still, the most reliable yardstick is the character of a smaller company's owners. How they manage their personal financial obligations is usually a reliable indicator of the likelihood of their making timely payments. The more closely held a company, the more attention given the personal credit history of those in charge and their prior business history. No matter how solid a business plan appears and how reliable a company's owners have been in the past, the realistic lender also wants the assurance of personal guarantees from the company's owners. This may take the form of a signature or a pledge of cash or other collateral.

Credit - Business credit reports offer a quick glance at a company's willingness to pay trade accounts on time, as well as any derogatory public records, such as suits, liens, or judgments that negatively affect a company's credit rating. Such reports also show any UCC filings. Potential equipment lenders are interested in the depth of a business's borrowing history. The longer a company has been in business, the easier it is for a lender to determine credit stature; a good ten- or twenty-year credit history obviously carries enormous weight. This places a startup company less than two years old at a disadvantage. So, when traditional data sources, such as Dun & Bradstreet and Paynet cannot supply adequate information, the personal credit histories of a company's owners become highly important.

Cash Flow - Lenders want to see that any company applying for a loan earns enough money to meet payroll, cover fixed operating expenses, and comfortably make timely payments on a new equipment loan or lease. While there are a number of ways to define cash flow, lenders most often calculate the cash flow available to repay new debt as net profit plus such non-cash expenses as amortization and depreciation.

Capacity - Capacity is similar to a football team's depth chart. The capacity to weather bad times is equally important to a company seeking funds. Capacity acknowledges that sometimes unforeseen things happen: a key employee becomes unable to work; a major customer is lost; an economic turn-down drastically reduces demand for product or services. Any number of other unlikely – yet possible – disruptions can negatively affect a company's cash flow. And these disruptions can be temporary or permanent. So, capacity measures a company's ability to pay off an equipment loan or lease with cash reserves or its ability to quickly convert real estate, stock, or other assets into enough funds to cover debt.

Collateral - How much collateral, above and beyond the equipment being financed, a company needs to secure a loan or lease depends largely on the nature of the lender and status of the business. A traditional bank often requires a blanket lien on all assets of the business while an equipment finance company normally uses only the equipment for collateral. A few lenders also offer sale-leasebacks and refinancing of existing equipment debt. This allows a company to free up cash flow or lower their monthly payment through equipment loans or leases.

Common Sense - Every decision to purchase and every decision to grant financing must be based on common sense. A lender needs to understand how additional equipment will increase the company's stability and growth. Notwithstanding the risk every lender takes and the gamble every company makes when purchasing new equipment, for both lender and borrower, the foundation of a decision to finance equipment begins and ends with

How To Protect Your Credit When the Economy Goes South

Pay your bills on time. A single skipped payment can knock 100 points off your FICO scores, the ones most used by lenders. Consider automatic payments and e-mail alerts to make sure bills don't slip through the cracks.

Pay down your debts. What's most important is keeping your credit card balances low relative to your credit limits. Try to use no more than 30% of your credit limits; 10% or less is even better.

Beware of opening or closing accounts. Either can hurt your scores.

Dispute any serious credit report errors. Dispute any accounts that aren't yours or negative information that should have been deleted. (Most negatives, such as late payments or charge-offs, should be dropped after seven years. Bankruptcies can stay on for up to 10 years; unpaid tax liens may be reported indefinitely.)

Bankruptcy Monster: How Lenders Create a Monster in Real Estate

This article can be found on msn.com

"Consumer bankruptcy filings are on track to exceed 1 million this year, laying waste to the idea that bankruptcy reform changed anything fundamental about how Americans go broke.

Furthermore, lenders, not consumers, are the ones that seem to be abusing the system these days. According to U.S. Senate testimony, bankruptcy trustees are seeing "systemic problems" with mortgage servicers that...."



Here is a good article about the rate at which people are filing bankruptcy. Bankruptcy is destroying the American Dream. Find it at msn.com

Too Many Credit Cards Debts? Is Bankruptcy The Immediate Solution? List of Bankruptcy Lawyers

California Bankruptcy

Law Office of Patrick Kavanagh
1331 L. St.
Bakersfield, California 93301
Phone: (877) 226-6844

Law Office of Patrick McMahon
703 Market Street
Suite # 1109
San Francisco, California 94103
Phone: (877) 226-6844

Law Office of Sarah Lampi Little
1276 A Street
Hayward, California 94541
Phone: (877) 226-6844

Law Offices of David A. Arietta
700 Ygnacio Valley Road
Suite 200
Walnut Creek, California 94596
Phone: (877) 226-6844

Law Offices of David B. Commons
5901 Encina Road
Suite B-3
Goleta, California 93117
Phone: (877) 226-6844

Law Offices of Gregory Smith
2949 Fulton Ave.
Sacramento, California 95821
Phone: (877) 226-6844

Law Offices of Gregory Smith
109 Darling Way
Roseville, California 95678
Phone: (877) 226-6844

Law Offices of Koko B. Offiong
321 S. Beverly Drive
Suite R
Beverly Hills, California 90212
Phone: (877) 226-6844

Law Offices of Michael C. Fallon
100 E. Street
Ste. 219
Santa Rosa, California 95404
Phone: (877) 226-6844

Law Offices of Scott J. Sagaria PC
333 W. San Carlos St.
Suite 1625
San Jose, California 95110
Phone: (877) 226-6844



Get Listed in Chapter 7 Lawyers Directory Today!
California Bankruptcy

Doan Law Offices
24490 Sunnymead Blvd.
Suite 101
Moreno Valley, California 92553
Phone: (877) 226-6844

Doan Law Offices
1411 S. Rimpau
Suite 108
Corona, California 92879
Phone: (877) 226-6844

Doan Law Offices
25401 Cabot Road
Suite 119
Laguna Hills, California 92653
Phone: (877) 226-6844

Doan Law Offices
930 W. 17th Street
Suite C
Santa Ana, California 92708
Phone: (877) 226-6844

Doan Law Offices
198 N. Arrowhead Ave.
Suite #6
San Bernardino, California 92408
Phone: (877) 226-6844

Doan Law Offices
43460 Ridge Park Drive
Suite# 200 F
Temecula, California 92590
Phone: (877) 226-6844

Doan Law Offices
43460 Ridge Park drive
Suite 200 F
Temecula, California 92590
Phone: (877) 226-6844

Doan Law Offices
198 N. Arrowhead Ave.
Suite #6
San Bernardino, California 92408
Phone: (877) 226-6844

Law Office of Gary Leibowitz
4012 Katella Ave
Suite 104
Los Alamitos, California 90720
Phone: (877) 226-6844

Law Office of John C. Kyle
P O Box 7007
Stockton, California 95207
Phone: (877) 226-6844
----------------------

Carl H. Starrett II
1941-C Friendship Drive
El Cajon, California 92020-1144
Phone: (619) 448-2129

Carmel Hehr/Law Offices of Carmel Hehr
Carmel Hehr was the Staff Attorney of the Chapter 13 Trustee for Los Angeles and San Fernando Valley; was the law clerk to the Honorable Arthur M. Greenwald, U.S. Federal Judge in the Central District Bankruptcy Court; and trained with the Office of the United States Trustee in Los Angeles. To set an appointment for a FREE CONSULTATION call (818) 956-8028 for the Law Offices of Carmel Hehr.
16633 Ventura Blvd. Suite 900
Encino, California 91436
Phone: (818) 981-8277

Cathleen Moran
We offer practical and cost effective legal service to individuals and small business facing bankruptcy issues. We represent debtors and creditors in bankruptcy filings and in litigation in the bankruptcy court. We have a special interest in tax and family law questions in bankrupcy cases.
444 Castro St. Suite 508
Mountain View, California 94041
Phone: 650-694 4700

David J. Baran
423 South Rexford Drive #101
Beverly Hills, California 90212
Phone: 310-553-0263

Elizabeth Torres, Attorney at Law
Law Offices of Elizabeth Torres is a highly motivated law firm who primarily focuses on Consumer Bankruptcy. Elizabeth Torres has had the opportunity to host her own "Live" radio show directly focused at individuals in financial turmoil and homeowners who are in the process of losing their home to a foreclosure action. Centrally located within two (2) miles of the Bankruptcy 341(a) Meeting room. We offer free consultation on firsts visits. Se habla espanol.
2520 W. 6th Street, Suite 213
Los Angeles, California 90057
Phone: 213/ 384-8858

Henrik Mosesi, Esq.
I have a medium sized practice in Glendale, California focusing on consumer bankruptcies. I have four years of experience in chapter 7 and 13 bankruptcies. I represent clients in Los Angeles, Orange County, and Riverside counties. All my clients have received their bankruptcy discharge and on their way to a fresh new start. The average cost for filing a chapter 7 bankruptcy is $1000. The average cost for a chapter 13 bankruptcy is anywhere from $1200 to $1800. FIST 1/2 HOUR OF CONSULTATION IS ALWAYS FREE. CALL OR COME IN FOR YOUR FREE CONSULTATION.
100 North Brand Blvd., Suite 512
Glendale, California 91201
Phone: (818) 476-0110

Henry M. Toles, A Law Corporation
Practice is limited to bankruptcy, reorganization and debtors-creditors rights. All cases are individually handled by an experienced attorney (MBA, former CFO of numerous corporations). Free consultation. In my practice, the client comes first. They are provided with a realistic summary of the pros and cons of their specific situation, so they can make an informed decision if bankruptcy is right for them. Please feel free to call my office or visit my website. The firm handles all levels of cases, from the most straight forward to the most complex of matters. Prices are fair and reasonable. The firm is not a mill that simply processes cases. Attorney handles all phases of the case from the initial consultation, through court appearances.
11755 Wilshire Boulevard, Suite 1400
Los Angeles, California 90025
Phone: (310) 479-1400

James Olson
I'm here to serve anyone who is need of bankruptcy help
8609 Blossom Hill Dr. Suite 503
Culver City, California 90589
Phone: 301 584-9826

Jonathan Kelman
The Law Offices of Jonathan I. Kelman is here to ensure that you get your life back, your peace of mind and your freedom. We employ an aggressive defense, often convincing the prosecution to reduce or dismiss the charges against you.
11400 West Olympic Blvd., Suite 600
Los Angeles, California 90064
Phone: 310-286-1218

Kathleen March
Respected LA bankruptcy attorney, Former Los Angeles California bankruptcy judge can be your personal bankruptcy lawyer. If debts are overwhelming, Kathy March Attorney at Law can help you file personal bankruptcy. Serving clients in Los Angeles, LA County, Southern California. Free initial consult.
10524 W Pico Blvd #212
Los Angeles, California 90064
Phone: 3105599224

Finding Employment and Keeping One's Job in a Weak Economy and How To Avoid Unemployment

Bankruptcy Filings, Foreclosures, Unemployment Soar

The numbers are in and they’re not looking good for the state of the American economy. First-quarter statistics on bankruptcy filings, foreclosure starts and unemployment figures suggest that the United States is continuing its slide toward a serious recession.

According to an article in the Los Angeles Times, 90,000 bankruptcy cases were filed in March. That figure apparently marks the highest number of bankruptcy filings since 2005, when new bankruptcy laws made filing bankruptcy more difficult than before. The stat also indicates a 30% jump from bankruptcy filings in March of 2007.

The Times, which gathers its data from Jupiter ESources, notes that bankruptcy filings aren’t the only things that have increased since a year ago. Foreclosures and unemployment, too, are creeping upward. And the states where the housing boom was biggest (including California, Nevada and Florida) are reportedly feeling the worst of the economic distress.

California’s bankruptcy rate has increased a walloping 42% since last year, sources indicate, and the state’s unemployment rate is 5.7%, the highest in the nation.

Nevada is evidently facing a 5.5% unemployment rate, still greater than the 5.1% national average. But even the national unemployment rate suggests troubling economic times: sources indicate that unemployment in the United States is higher than it’s been since September of 2005.

A recent Bloomberg report noted that foreclosures have increased 57% since 2007, and mentioned that the former boom states are (perhaps unsurprisingly) hardest hit. Nationally, one in every 538 homes is currently in foreclosure, according to sources.
Financial experts estimate that $460 billion worth of homes will go into foreclosure in 2008, which will mean even more homes on the already saturated market and a likely continuation of falling prices.

As if these figures weren’t dreary enough on their own, some economists are apparently predicting that this recession could last twice as long as a normal recession, plunging the country into economic turmoil for at least 20 months.

Reports also suggest that many homeowners have grown frustrated with falling home values and resetting mortgage payments, and many are finding themselves “underwater,” with “upside-down” loans, meaning that they owe more on their mortgage loan than their homes are currently worth.

This is leading to an increase in so-called “walkaways,” who opt to mail their keys back to their lenders and simply give up on their mortgages. While no reliable figures exist for the phenomenon, anecdotal reports suggest that it’s becoming more widespread.

Save Money by Buying a Car from The Year Before: 2007 Toyota Land Cruiser

2007 Toyota Land Cruiser

If you want the best reputation, ruggedness and luxury in your truck, find the nearest Toyota dealership where you can get the 2007 Toyota Land Cruiser SUV.

This SUV has the most impressive reputation in the industry. It was revised last year. The Land Cruiser received a new front grille, headlamps and rear styling. The standard 18-inch aluminum wheels gained a new high-gloss finish with a newly available sporty rear spoiler. It also came equipped wit a new and powerful engine and the most advanced suspension control options. Its power is generated by a smooth, sophisticated 4.7V V-8 prome mover and communicated to the groun via a five-speed automatic transmission. With all this addition, the Land Cruiser gained 40 horsepower. The drive system is a full-time two-speed, all-wheel drive setup with an on-demand (low-speed) center differential lock button.

What can you find inside the cabin?

The driver and occupants enjoy the best outward visibility offered in most any SUV. Accommodations are room for every occupant inside the Land Cruiser. Hand grips at each wide door opening facilitate entry and exit. The SUV comes retrofitted with a comfortable center armrest doubles as a two-stage storage bin and contains the six-disc CD changer.

How about the third Row? The third row seating carries three of my kids without any discomfort. The seating is a 50/50 split arrangement that reclines and is removable. Rear power quarter windows, plenty of cup holders, and assist grips enhance the safety and comfort level of the truck.

The rear cargo door opening is a combination hatch/tailgate for maximum access to the cargo area. The flexibility of the folding second and removable third row seats enables the Land Cruiser to make the most of the available interior space. This SUV is equipped with cutting-edge technology, including a backup camera and Bluetooth communication capability. Available in conjuction with the optional navigation system, the backup camera provides the driver with a view of what is behind the vehicle.

Car enthusiasts and observers agree that the 2007 Land Cruiser is a 4-door, 8-passenger luxury sport-utility, available in one trim only, the 4X4.
The Land Cruiser is equipped with a standard 4.7-liter, V8, 265-horsepower engine that achieves 13-mpg in the city and 17-mpg on the highway. A 5-speed automatic transmission with overdrive is standard.

The 2007 Land Cruiser is a carryover from 2006.



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http://promdressesrock.com/allpro/vickdogfighter.html (Michael Vick's Dogfighting Case)

Making and Keeping Money: What You Can Do To Stop from Losing Money

What You Can Do to Avoid Foreclosures: Foreclosures Prevention Tools and Other Ways to Get out of Financial Funk
Questions on Foreclosures Answered Here:

What You Can Do to Avoid Foreclosures: Foreclosures Prevention Tools and Other Ways to Get out of Financial Funk

President Bush recently announced that the Federal Housing Administration will begin a program to allow homeowners who have good credit but can not afford their mortgages to refinance to FHA-insured mortgages. In the meantime, there are a few things you can do to avoid foreclosure on your property. Any homeowners should start taking matters in their own hands. Way before foreclosure is lurking around, they need to start consulting with their lawyers or credit counselors. The easiest thing they can do is to contact their mortgage lender. Who else knows better than the mortgage borrowers themselves? They need to call the loan servicer before they start falling behind. It will be pretty hard to catch up once payments are late.

Here are a few ways to avoid foreclosure: Refinancing may be considered if you have enough equity in the home. Even if you do not have equity, try it any way. The process may be more difficult though. You can persuade the lender to modify the terms of the loan. You can sell the house of file for bankruptcy protection as in filing Chapter 13. There is no easy way out. No easy option for sure. Homeowners who are facing foreclosure should never ignore letter from lenders. They must try to update their phone records in case the lenders want to contact them. Borrowers or homeowners should remember that the banks or lenders or investors do not want to own your own. They do not want to declare foreclosure on your property because of all the costs and time involved. All you have to do is to make a good gesture. They need to know that you are not going to run away and that they can keep your words.
Continue to read this article at http://mcmillinhomes.blogspot.com

Tips on How To Make Money: Manufacture Toys in the USA; Consumers Will Buy Them

Made in U.S.A Toys You Can Trust: List of Safe U.S. Toy Manufacturers:

Made in U.S.A Toys You Can Trust: List of Safe U.S. Toy Manufacturers:

Toys Parents and Grandparents can Trust not to Harm their kids.

2007 Toy Shopping Season Brings Good Tidings to U.S. Manufacturers



The $ multibillion toy industry leaders are scratching their after the hot Chinese made neon toys were found to contain high levels of lead paint, tiny magnets that could be swallowed and potentially cause serious problems. The retailers are also in trouble as they try to build their toy inventory. We are talking about retailers such as FAO Schwartz Inc. and Toys "R" Us Inc. They tend to downplay the recalls by saying that the holiday toy shopping will continue to be strong.



It is clear that the small U.S. toys manufacturers will have to hire more full-time employees to produce enough toys to make a dent in the huge, surging demand for toys, safe toys for European and American children.



Here is a list of U.S. companies that manufacture all kinds of safe toys: Find these kinds of toys here



a. Arrowcopter Example: copters and other gizmos



b. Lauri Toys Inc. Example: Soft puzzles and other educational toys



c. Maple Landmark Inc



d. Fat Brain Toys Inc. Example: Dado building blocks



e. Vermont Wooden Toys



f. Toys from Times Past based in Rhodes, Michigan.



http://videpinions.blogspot.com



http://shoppingepinions.blogspot.com



http://microcreditcapital.com/iwillteachyoutoberich/index.html

How To Make Money In a Down Market: Market Volatility, Stock Market Seesaw or YoYo

Market Volatility: How to Cope with the Stock Market Seesaw
Coping with Stock Market Volatility

Many investors are concerned with volatility in the stock market as this new year starts. They fear that their nest egg is going to be wiped out by the credit crunch, a troubled housing industry with suprime mortgage defaults and the potential for further difficulties for hedge funds, banks and financial service companies. There is no doubt that hedge fund trading adds to the market volatility.

Volatility and risk are two different things. It is worth making the difference between them. Volatility is characterized mostly by a security, commodity or market that rise and fall sharply within a short-term period. Now how about risk? It is the possibility of an investment losing value.

So if you are a mutual fund investor who is concerned about volatility in the stock market, here are a few things you can do to reduce the volatility of your portfolio.

1. Make sure there is a good line of communication between you and your financial adviser. Go ahead and meet with your financial adviser to re-examine your investment goals, risk tolerance and financial circumstances. Now that you are at the start of this new year, this is a good time to do it. Talk about any changes that may occur in your investments. If you have changed jobs or decided to take an early retirement, here is a good time to start talking about these topics. Ask yourself many other questions. Did you get married? Did you have a child or become a grandparent? Has there been a divorce? Is your son or daughter needing money for college? Does your investment mix still make sense or put you at ease or in sync with your goals?

If you are in a volatile market, you may want to re-examine your strategy, even though you might not want to make major moves. Have you considered buying more shares of your mutual funds when prices are down? Everything depends on your personal situation. Remember that you are in it for the long term. If nothing has changed, then it may be a good idea to change your financial plan. Many investors often feel a sense of panic when things are not going the way they expected them to. So they hurry to pull out. That is a major mistake. Patience is a virtue that needs to be practiced at this point. History shows that the market has recovered.

2. The other thing you should do is to diversify your nest eggs. The idea is to spread your risks by investing in a carefully selected mix of mutual funds that invest in stocks, bonds and money market instruments. It is good to have a mix of domestic, international and global funds. Keep in mind that in the past few years, international equity mutual funds have generally done fairly well or even better than U.S.-focused mutual funds. Discuss other risks such as currency fluctuations and different accounting standards.

3. Invest in volatile markets. The idea is that volatile markets do not have to be seen as something to be feared and stay away from. Investing at regular intervals helps you pick some good companies. You can buy more shares when the price is down. Buying good companies at lower prices through your mutual funds is the name of the game. Very few people will want to continue making investments when stock prices are declining and stock market news is negative.

4. During market volatility, make sure to invest for income. Count on the dividend when the stock price is going up or going down. Stocks that have a history of paying regular dividends have tended to fare well. The stock prices of the companies may be affected, but that does not mean these companies are faring poorly. Think about bonds and money market instruments which tend to produce a steady flow of interest payments. They can help cushion your portfolio during stock volatility. Now that you know how to manage your funds, take advantage of any combination of instruments that may help you make money.
http://microcreditcapital.com/financialmatters/marketwatch.html
http://microcreditcapital.com/financialmatters/marketwatch.html
http://microcreditcapital.com/financialmatters

Women are Delaying Pregnancy: They Can Work and Save Before Settling Down

More and more Young Women Want to Have More Control over Their Reproductive System; They Are Freezing Their Eggs
More and more Young Women Want to Have More Control over Their Reproductive System; They Are Freezing Their Eggs

Egg Freezing or "oocyte cryo-preservation" entails taking drugs to stimulate ovulation, then having eggs extracted surgically, frozen and stored for in vitro fertilization. The only thing is that human eggs are difficult to freeze without damaging them. The number of children who have been born to frozen eggs is still low. Considering the risks of non-live births, many professors of obstetrics and gynecology at various universities are saying that women risk making important life decisions based on "false assumptions" that their fertility is secure.

Ultimate Outsourcing: Wombs for Rent in India; The Rise of the Surrogate Mothers

Considering surrogacy will be the ultimate alternative for many women who are too busy with their professional life. They can not afford to take time off to get pregnant. So they see egg freezing as their best option to have a kid later in life. Delaying any pregnancy with this procedure is very advantageous to them. It does not matter how much it costs them. So far, if a woman is having fertility issues, she can go to India where she can have surrogates applying to carry her fertilized eggs. That does not mean that the American Society for Reproductive Medicine is going to recommend this practice to healthy women. Thus far, Managers and advertisers of fertility clinics are making announcements on the Web and to specialized women's group and network in order to recruit more participants.
http://shopnowshop.com/fertilitygold
http://shopnowshop.tripod.com/shoppingblog
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Homeowners Used Home as ATM: Equity Loans Now Hasten Foreclosures From the Bay Area, the Central Valley of California etc

Homeowners Used Home as ATM: Equity Loans Now Hasten Foreclosures From the Bay Area, the Central Valley of California etc
Homeowners Used Home as ATM: Equity Loans Now Hasten Foreclosures From the Bay Area, the Central Valley of California to the Florida Coast.

How is it that some homeowners end up owing more than their home is worth? Well for the past few years starting in 2001 and ending in 2006, homes came to represent a new currency. If you had a home, you had cash. All it took was for the homeowners to get the home appraised and refinanced. The money they took out was ready to be spent on pricey, but sometimes unnecessary things such as one or two extra vehicles, toys and various other gadgets for the household. Those who had other sources of income ended up taking trips to the far corners of the earth. The surprising thing that happened is that banks and mortgage companies were ready to give credit. A home may be refinanced up to three times with no red flags being sent out. Now that credit is assessed closely, many of these people are left with no money. By then, the house values have greatly decreased. Homeowners are stuck. They can not refinance their homes because they end up owing more than the house is worth. Many homeowners just decide to walk away from the shell of the home. The equity is gone. The house only remains standing. And the wild grass continues to grow before it gets grown.

There is no doubt that rising home values from 2001 to 2006 caused many homeowners to launch themselves into this kind of exuberant lifestyles. The trips to Reno, casinos, Las Vegas and other fun destinations were numerous. All of this was being funded by money that was not truly there to be spent. With the tumbling of home values and sales, many families are waking up homeless and realize that the primary function of a house is to be a home, but not an ATM or mini-bank. From higher to lower income individuals, homeowners are being hurt. Those who got caught up in the subprime market end up suffering more. The question is what is more important: Is it the house or the expensive, unused toy? While the house is getting lost to foreclosure, the toys are being carted away into storage space, apartment or condo rentals. In the next few months, it is not unreasonable to see that the rental industry will be picking up quickly. As interest rates get adjusted more, more people will have to move out their homes. When it becomes impossible to use home equity to pay for monthly expenses, then some homeowners are really starting to see the core ideas of personal finance. The ideas of saving for hard times never come to them either.


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