Suze Orman TwitterSuze Orman FacebookSuze Orman YouTubeSuze Orman LinkedIn
View Blog & News List

Beware of new tricks of the trade to get your money

August 31, 2013 at 3:36 PM

It is becoming easier to get a loan these days and that's not necessarily a good thing.

“I’m telling you things have gone bizarre again, at the exact time they shouldn’t be going bizarre. So, you need to stay very strict with yourself,” warns Suze Orman.

According to the Mortgage Credit Availability Index (MCAI), credit has consistently become more readily available over the past few months. The MCAI increased for the fourth-straight month in July to 112, up from 100 in March.

This is still a far cry from the 800 it would have been in 2007 when loans were their easiest to obtain, but it clearly shows a move toward looser credit requirements.

Therefore, as banks become more lenient, consumers must become more discerning about their own financial situations. “Don’t get tricked into doing something you can’t afford,” says Orman. “Be very, very careful.”

Here are a few of the things creditors are doing to get you to spend money you don’t have...


Read Full Article

Suze Orman, New Tricks of the Trade

Tag Cloud

savings pleasurelong-term care premiumshigher insurance deductiblepurely financial standpointNew american Dream bill paying prioritiesbuy down lower mortgage interestGoodbyecompare monthly expensesFinancial Gift Cliffhighest possible benefit10% donate to charityincrease retirement savingsdon't defer interest paymentsschool debt freelousy investmentprotect dependent fraudulent returnface your financial fearemotional stakesFederal Funds Rateletter to suzeCiti Simplicity Card children under 18women long term caretoo expensive schoolmultiple lendersAmericans don't use all paid vacation time8 Rulesfinancial goal phraseteach importance of helping othersAARPJose Rodriguezbuying a carForeclosurehigh premiumsgift grandchild IRA contributionmake saving a pleasurelong term goalloan is giftbuying car 2016don't use allowance as bribeStudent Loanunexpected expenseteens and moneyspecial saving accountgift up to 14,000Financial Systememployer offered life insurancestrained relationshipverify wellness screening and programspush yourself to save more for retirementkeep a schedulelong-term care Suze changed my lifeidentity fraudsmall changes confident of solutionstudent loan debttitle insurancedo you need life insuranceterm life insurancekids schedule paymentsHDHP'sfamily save at least $100 monthlyborrow each year, capitalization is going to pile up FRABankhome buying mistakesOne Wallet At A Timeschedule vacation6 month waiting periodInterestmortgage interest tax deductionlower premiumstudent loan repayment plandental discount plandeath benefit needs for familycredit cardnot gender specific take actionRetirement Incomeage appropriate goalsemployer funding HSAorigination feeshealthy gumsoverspend on nights outrefundmoney vowsmortgage disclosureFinancial CliffpositiveAshley Springerpeace of minddebit cardno apologyincreased auto insurance premiumhealthy retirement blood pressure2017 TaxesWashingtonphysical healthunder 18 financial giftFunds15 year mortgagesummer job match income 40% toward financial goalCredit Card Interest RateIRA contribution gifted moneyhealthy aging file taxes quicklybe true to yourselfprotect your family2016 adjust withholdingAuto Savings Sandy Hook Elementary SchoolSuze approvedfour steps to retirement savings speak new goalemergency fund savingsincrease retirement contribution rateTeachalways use all paid time offinsurance mistakepay more than minimum3 bucket approachpay down student loan debtcut monthly cellular bill8 month safety netanticipated salarymax employee matchcommunity collegeAmy Lacyetno sneaking in feessecure creditdepreciating asset 30 year mortgage value moneybest interest of investorreferrals SelectQuote.comrequired disclosureSelfishloved ones dependent on incomebe kind to yourselfSuze Orman spouse Kathy Travisearn allowancekid borrow firstFinancial Awareness Video Festivalthree year car loanARM Cautionno fee transferHDHP/HSAjanuary billsinsurance yearly reviewFinancial Awarenessno late fee Fiscal Responsibilitymonthly dental insurance premiumhigh FICO scorecollege studentfocus on needshome related tax break bonus healthy youeight month living expense save moneyNew York Lifewomen outlive menstay positiveis it kind?loan no longer than 36monthsbalance transfer Swap Older Annuities or Life Insurance co-sign 4 Must Have Documents stretch out haircut appointmentsreduce interest ratewould you decline a bonusadjust allocations Employer Matched Contributiondangerous retirement planhome ownership10 year repayment plan Sandy Hook Promiseswitch to roth 401(k)no private loanNewtownCredit scoreprovider of financial supportUS Tax CodeVeterinary SchoolLong Term Care Insurance holiday spendingGracedangerous money seasonback door Roth IRAworst financial mistakeemergency fund buy home you can affordsavingsis it necessaryHDHP's are not badborrowing plan max employer matched 401(k) contributiondeath benefit 20 to 25 times annual incomeshop online guaranteed level term policyFinancial Advicemanage student loansengaged in financeshousing marketwomen live longersocial workRevocable Trust15-year refinance dealRichrent vs buyFinal Goodbyesocial security never insolventmoney-aware childfederal student loan deferment allowanceAdequate Auto and Home Insurancebuy homemarriage financial responsibilitydoctor no longer in networkpresident ObamaWarner Bros Television GroupHeartwives should be involved in retirementcontribute household expenses rising home pricesteach your child good money habitsStock Investmentsresponsiblecouple financesPrime Rate IncreaseLifestyleuniversal college accessyours, mine & oursprotect loved ones bad retirement planningenjoy saving breakdown projected monthly housing costdream schoolcar leasingswitch to spouse coverageburn outHow To Build Creditis it true? College of Veterinary Medicinepay off debtRoth 401(k)retirment savingsnear historic lowsopen enrollment review social security not going brokelower overall drug costcar loanhome buying seasonwrite new goalcontribution financial independencehome loan credit score below 740 automatic withdraw to savings Telepicturesnew carFinancialretirementSuze Orman's Money WarsStaffords this year have a fixed 6.8% interest rateLong Term Care premiumscost of capitalization calculatorhome insurancemental healthlong term careno splurge SpendingChanging LivesExhibitionlow-cost index mutual fundplan19 years cash flow problemfull retirement ageHSA tax savingsitemized deductionfocus on new truth reduce withholdingspring summer don't cover cosmetic dentistrysave interest on student loansSchool of Social Work20% equitychildren's bookno private loansLTC shoppingescrowcommissionspreexisting condition not coveredlife insurance name trust as beneficiaryMinor Children Wall Streetcredit managementFree Debt EliminatorHigh Credit ScoreMost Influential Celebrities Listfinancing car tax refund fraudHDHP's are good for youLegal GuardianPay Off Debt Before Retirementshort term goal credit unionno tax on withdrawlspay down car loanstore credit cardsstudent loan repayment estimatoradvice for college graduatessetup automatic savings withdrawMass Mutualnot enough life insurancezero rate transfer dealsbetter loan dealsInfluential Celebritywaive home inspection bidMust Have Documentsreal estate marketDeath BenefitUniversity of Illinoisaccelerate dental workHigh FICO Score = Better RateteensAccuQuote.comnon conventional routetax ID theftsame-sex marriageCommencementmax benefit coverediffy incomeloan big picture HDHP mortgageno waiting periodleave a legacyFinancial Power of Attorneyincrease emergency savingscalculate dependents annual income needs3 savings buckets retain separate credit cardsbudgetGiftsCNBCMotherno negativitymarriage inequalityWillalternative FICO scoreBeautyrefinancestandard deduction Young Adult 740 credit scoreprescription tierdon't buy wantsFinancial Solutions For Youone credit cardpaid vacationgrandparent IRA contribution lower interest raterequire chore in exchange for allowancemobile appis it necessary?healthy teethclosing feesCombo Insurance Productsbetter loan ratesgrandchild summer job IRA contributionlife insuranceConventional loan PMIHolidayconsider roth 401(k)cut monthly cable billCivil Rightsoverspend on giftsEasy Life Insurance heartachebe good exampleadult childrengraduationderailed planhigh down paymentunsubsidized Stafford loanpay interest while in schooloverspend on dining outultimate compounding giftcomparison shoppingInfluentialsFixed Rate MortgageSave Us Money!00% tuition paiddon't derail retirement savingsfinancial fearsfinancial aidget the most out of social security 3% debt transferred standard ratemortgage brokerUrbana-Champaigndon't charge a penny50 over 50juggle multiple financial goalsincentives for health care wellness screeningFederal PLUS loantaxesprofessional advisortraditional vs roth 401(k)no life insurance financially irresponsiblecompare provider pricingworkaholicpoint cost offset by savingsavoid burn outHoliday ShoppingMarlo Thomasraising interest ratespercentage of women widowed 75-84Federal Stafford loanreal estate mistakescharges on credit cardThe Suze Orman Showcredit utilization ratedental insurance staycationMortgage Credit Availability Indexdoctors in networkcnbc alarm clockgift not loanLTChealthy retirement weightcan you afford itLovehigh credit score discountrolloversidelined3 step financial road mapdebtcredit reportbecome member affordabilityexercise reguarlyMoneyproperty taxovercome financial fearsInvest for savings growthUniversity of FloridaFinancial Educatorraise deductibleslower rate2015 record year car salesstudentpremiumidentity theftcreate new truthpermanent life insurance8 month emergency fundsame sex marriage band end Floridacar buying mistakesearn more on savingsBaby Boomerscostly legal at worst still pay 75% benefitrepay student loansautomatic paymentbest interest ratesARMRevocable Living Trust20% down payment avoid feesdon't extend mortgage Holiday Seasongay marriage ban end Florida better termssuccesswomen longer life spanget over life insurance phobiaETF'sback-to-school budgetGay Rightslowest cost fund optionroth irabest loan deal low down paymentFICO at least 7202016 adjust estimated tax20 to 25 times annual incomefinancial arguments20 year level term retirement accountsmaintain standard of living401KLTCi ASAPEric Dodge ritual scheduleSuze Orman Scholarshipmonthly benefit higher monthly paymentRetirement SavingsGiftclosing disclosureautomate student loan paymentspercentage men widowed 75-84insurancePost-Divorcedon't blow tax refunddear suzeget health insuranceallowance taskreduce monthly paymentCD'sfile asapInflation Benefitadd teenpay high rate off firstCommunication Skills Student Debtpay 100% cashCOLAOverspendingcommitFHA loan feesannual cost of living adjustmentnegotiate points with bank or sellerignore 6 month grace period 2015 financial roadmapSuze is my biggest mentormeet monthly community banklow credit scoredon't do five year car loanhome buying budgetlow mileage discountBill and PennySuze OrmanAlarm ClockCory Bookerterm insuranceonly refinance if it paystelevision hostdo not pay allowance for good behaviorBankruptcyEmergency Savingsshorter payback periodeliminate credit card debtloan necessitypaid in full20% down paymentPersonal Financepowerfulsecured cardlearn good financial choicesLong Term Care shoppingraising mortgage rates one annual feestudent loan repaymentFICO credit score credit card mortgagecostly insurance mistakeno interestForbes Top 10home budget after tax costCPI-Wraise your deductiblelet them have 50% controlaffordable premiumapproved medical 100% tax-freeFederal ReserveForbesno retirement funds for down paymentSatisfyingStudent Debt Crisisage appropriate chorePBS Specialresponsible with moneyverify retirement plan with HR or plan sponsorquick closingVital DocumentsFICO ScorePrime Rate Rise 2015closing costs 2% of loanpay credit debt ASAPpaying for collegeinitial tax break interest capitalizationfiduciaryreplace permanent life insurance with termvalentines dayAARP Social security calculatordon't ignore open enrollmentpublic service career student loan repayment 401(k) Contributionsdental savings planPhyllis Shelton expert long-term careprotect and provide for minor child know before you owepublic service loan forgiveness programcollege graduateget credit cardsocial securitysuitablefinancial concerndon't spend Money-Savingbad decisionsconfidentCredit Card Rate Increasehigh deductible health care planDurable Power of Attorney for Health Careraise insurance deductibleretirement planMoney Marketbig results only offered while employed live below your meansGay Couples

View Blog & News List
People First. Then Money. Then Things.
Connect with me on Facebook Connect with me on YouTube Connect with me on Twitter
© 2017 Suze Orman Media Inc. All rights reserved.
 |  Search  |  Sitemap  |  Privacy  |  Terms
Sign Up For E-mail Offers
Open Panel
Close Panel