We are all feeling the pinch of the summer gas prices. Be careful if you are late the Credit Card Company can raise your rates. So not only do you get hit with a late fee but an over all increase in monthly due to the credit company

Late payments on credit card bills edged up this past spring, when high energy prices were squeezing the finances of some people and making it hard to pay bills on time.

The American Bankers Association, in its quarterly survey of consumer loans, reported Wednesday that the percentage of credit card payments 30 or more days past due increased to 4.41 percent in the April-to-June quarter, up slightly from 4.40 percent during the January-March period.

Late credit card payments edge higher – Yahoo! News

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Don’t do it!!! Listen to Dave! I made this mistake about 4 years ago and I am still paying off the debt from a business that failed before it got off the ground.

It rates as one of my dumbest action so far in my life. So listen to me and Dave and save yourself the pain.

Take it from a former businessman; credit ain’t the way to go to start a small business. More often than not, small companies don’t get off the ground. Most of the ones that do only go for a little while before they crash and burn, baby. Using credit is bad enough, but even worse is when your biz goes under; then you have mountains of debt and molehills to show for it. That’s double dumb.

Debtective.com: Using Credit? Get A CLUE! – Blog

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More bad news for people trying to sell their homes and more good news for people looking to buy homes. There is always two sides to a story…

The pace of existing home sales in the United States fell for a fifth straight month in August and prices dropped from year-ago levels for the first time in more than 10 years, a realtors group said on Monday.

The National Association of Realtors said existing homes sales slipped to an annual rate of 6.30 million units from a 6.33 million unit pace in July.

House prices show first annual fall in 11 years – Yahoo! News

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As fast as it came it seems it will go away just as fast. Housing boom is over. For some it means they will have to hold on to their homes longer than expected or sell for a lower price. For others it will mean a financial hardship. Check out the audio story from NPR.

The real estate market has made a surprisingly quick downturn in some parts of the country. The change in direction has left many homeowners holding property they can’t sell at the price they would like, or need, to get.

NPR : Speed of Housing Downturn Surprises Homeowners

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Looks like the Texas AG is going after “The Credit Doctor” for fixing credit reports with out a license and other charges… if you read the story is sounds more like the state of Texas didn’t get paid so they went after this guy…

The Credit Doctor has been in business for seven years, but now he may have to shut down. The AG’s office is suing him for fixing credit reports with no license and advertising help he cannot deliver.”He’s claiming to have restored credit for thousands of people. He claims to be operating within all state and federal regulations. And, we know that to be blatantly false,” Spokesman for the Attorney General Tom Kelley said.

KXAN.com – Texas AG Suing Austin Credit Doctor

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With Fear the economy is cooling the Fed’s are not touching rates. It is thought the next time they do address rates it will be to lower them.

It is looking more and more like it could be 17 and done for theFederal Reserve. There is a growing view that after 17 consecutive rate increases, the longest stretch in Fed history, the central bank will keep rates steady for the rest of this year.

Experts: Fed could be done raising rates – Yahoo! News

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Here in L.A. gas was down to $2.66 a gallon which is about 44 cents lower than the summer high.This was a very nice surprise. We filled up both cars…

Gasoline prices have fallen more than 40 cents over the past two months. But that sharp decline hasn’t received nearly as much attention as the big run-up in gas prices earlier in the year. The slide has everyone asking if it’s a long-term trend, or just a brief respite from higher prices.

NPR : Oil and Gasoline Prices Drop Quickly, Quietly

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I agree 100%! You have to be willing to work and learn to get to the top. The only way you walk right into the corner office straight out of college is if your dad owns the business!

Working your way build character!

Seems like some people nowadays have forgotten what it means to earn your keep, baby. Lots of up-and-comers want to walk out of college and into the corner office and a big-time position in the Fortune 500 company. It doesn’t work that way.

Debtective.com: Using Credit? Get A CLUE! – Blog

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We have had a rough month as a family… so when I read Dave Ramsey’s blog today and he was talking about falling down and then getting back up again, it hit me that a persons character is defined when he decides no matter how many times he hits the floor he will get up and try to succeed, again and again…

If you keep trying eventually you will rise to the top.

He closes his blog with “suck it up and rise above it, baby.” For some reason I found those to be very comforting words in these very hard financial times.

John Elway lost three Super Bowls before winning back-to-back. Milton Hershey went bankrupt six times before he hit it big with chocolate. Diana Ross was turned down for a roll in her high school musical. But people are too busy talking about Super Bowl wins, world-famous candy and records that went gold and platinum. The way to get remembered is to get back up.

Debtective.com: Using Credit? Get A CLUE! – Blog

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