These are just my items.... sorry for the bad graphics and the way I went so fast threw it, hope you enjoy!
Author: Lakeport08
Keywords: Club Penguin
Added: November 17, 2008
Robert Manning, professor of finance in RIT's E. Philip Saunders College of Business, discusses consumer debt relief program. Story does not reference RIT affiliation.
These days more people are using credit cards to pay day to day expenses hoping to stay afloat. Others are already drowning in debt. Last month more than 106,000 people filed for bankruptcy. That's up 40% from a year ago, but there's a new way to avoid all that as CBS News correspondent Priya David reports in our series Dollars and Sense.
Janine Cain prides herself on a tidy home. Her finances, however, are in a state of disrepair, ever since her husband lost his full-time job and their mortgage payments rose.
Now they're working four jobs between the two of them - but it's not enough to pay off their credit card bills.
"It wasn't any extravagant items that we went out, or jewelry, or TVs or anything like that," Cain said. "It was basically stuff to live with."
How high is their credit card debt?
"It's around $23,000 total for both of us," Cain said.
The Cains are part of a growing group economists call the "near-bankrupt."
On Main Streets across America, as jobs dry up and adjustable-rate mortgages increase, consumers are taking on more credit-card debt to try and bridge those gaps.
"The average American household has assumed unprecedented levels of debt. And they can't afford to repay all of their debt, but they could pay a portion of it," said consumer finance expert Robert Manning, author of "Credit Card Nation."
Most debt-management companies require people to repay all of their debt - or declare bankruptcy. But Manning, who works at the Center for Consumer Financial Services, says he's got a better way.
It's a formula that determines how much a borrower can actually repay, based on income, local cost of living and local taxes. The consumer avoids bankruptcy, and the lenders get some of their money back.
His innovative program is administered by two credit counseling agencies, InCharge Debt Solutions and Hope Financial. So far it's available in 25 states.
Manning's program helped save Phyllis and Barnett Hoffman's Lakeport, Calif., home.
"I was afraid, yeah we're gonna lose our place because we got three notices of foreclosure," Phyllis said.
Unable to pay their ballooning mortgage, they had racked up $50,000 in credit-card loans and owed $350,000 on the house.
"I've been through some tough times, but I never thought I'd have to go bankrupt," Barnett Hoffman said.
Using Manning's formula, the Hoffman's credit card lenders agreed to clear the couple after they repay 37 percent of what they owe. And counselors got the Hoffmans' mortgage payments of $3,000 cut almost in half, to $1,700.
"It's very important for everyone to take a realistic approach and the realistic approach is 'let's reach a compromise,'" said Adam Levin, chairman and co-founder of Credit.com.
Compromise, with this approach, means lenders recoup at least some of their losses - and borrowers get a chance to wipe their debts clean.
Author: RITUniversityNews
Keywords: RIT E. Philip Saunders College of Business
Added: November 12, 2008
Beginner Box Stock Heat Race
Author: ovlrcr
Keywords: Outlaw Karts
Added: November 6, 2008
Beginner Box Stock Heat Race
Author: ovlrcr
Keywords: Outlaw Karts
Added: November 6, 2008
Trying to find a Vacation Rental in Lakeport CA? Then get in touch with Rocky Point Vista Vacation Rental for Pet Friendly Rentals, Luxury Rentals, and more. Call today for reservations! PH:650-483-0609 http://www.elocalprofiles.com/VacationRentalinLakeport40759.html
Author: elocalvid
Keywords: Vacation Rental Pet Friendly Rentals Luxury Waterfront
Added: October 28, 2008
Bob, Sara, Dave and I went to the Lakeport Boat Races where we enjoyed watching cars pulling boats without trailers and destroying them
Author: cmcorral0320
Keywords: boat race
Added: October 25, 2008
The all-volunteer North Shore Dive Team in Lake County, CA practice their skills on October 19, 2008, using Life Guard Systems methodology.
Diver Spenser Johnson of Lakeport Fire and Debbie Arrington and Ben Cox-Frankenfield with North Shore Fire practice tending.
Author: LakeCoNews
Keywords: Lake County Dive Life Guard Systems
Added: October 19, 2008
Yeah, thats me in the shower and my boyfriend in his mother's nightgown stabbing me. This was another Creative Communications assignment where we had to recreate this scene from Psycho.
Author: headitor13
Keywords: Alfred Hitchcock Psycho Remake Janet Leigh
Added: October 18, 2008
This is my project for my senior video. I changed the song a million times, but i knew that i wanted to do a video showing how much my nieces and nephews mean to me.
Author: headitor13
Keywords: hope dance rae senior project
Added: October 17, 2008
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