Suze Orman, Financial Guru
Connect with me on Facebook Connect with me on YouTube Connect with me on Twitter
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

LTCFICO credit score credit card mortgagecar leasingForbesignore 6 month grace period Financial Gift Cliffmanage student loansfinancing car retirement accounts8 month safety netfederal student loan deferment higher insurance deductibleStock Investmentssocial workcouple financescnbc alarm clockSchool of Social Workstudent8 month emergency fundFinal Goodbyecar buying mistakesfour steps to retirement savings PBS SpecialFinancial SystemLifestyleGoodbyeUniversity of Illinoisverify retirement plan with HR or plan sponsorpermanent life insurancefull retirement agecollege graduatesuccessstudent loan repayment estimatorsave TeachEasy Life Insurance calculate dependents annual income needsgay marriage ban end Florida wives should be involved in retirementRichSuze Orman3 step financial road mapincrease retirement contribution ratedebit carduniversal college accessMortgage Credit Availability IndexBanklong-term care Suze Orman Scholarshipmarriage inequality2015 financial roadmapcharges on credit cardFree Debt Eliminatorgrandparent IRA contribution worst financial mistakeget the most out of social security Credit scoreGiftsgrandchild summer job IRA contributionRetirement Savingssame-sex marriageinsurance mistakeBeautyretirementstore credit cardsautomate student loan paymentshome loan credit score below 740 would you decline a bonusteens and money!00% tuition paidSpendingback door Roth IRAMoney-Savingpublic service loan forgiveness programlong-term care premiumscredit reportmonthly benefit max employer matched 401(k) contributionMotherdream schoolloved ones dependent on incomeLTC shoppingThe Suze Orman Showdon't do five year car loanFinancial Adviceemergency fund mobile appthree year car loanletter to suzecredit cardSandy Hook PromiseWarner Bros Television Groupcar loanunexpected expensemake saving a pleasurebest loan deal Gay RightsBaby BoomersSandy Hook Elementary Schoolautomatic withdraw to savings debtFICO ScoreStudent Debt Crisisemergency fund savingsCollege of Veterinary MedicineGracedear suzeraise insurance deductiblePhyllis Shelton expert long-term carelower mortgage interesttraditional vs roth 401(k)shop online guaranteed level term policylive below your meansUrbana-Champaignmarriage financial responsibilityFinancial Educatorgraduationterm life insuranceCivil RightsJose RodriguezPost-Divorceroth iraStudent Loanprovider of financial supportYoung Adult Commencementretirment savingsFinancial AwarenessGay CouplesLovepercentage men widowed 75-84Retirement IncomesavingsCredit Card Rate IncreaseEmergency SavingsSave Us MoneyChanging Livescommunity collegestudent loan repayment planwaive home inspection bidstudent loan debtForbes Top 1010 year repayment plan retain separate credit cardsSelectQuote.comForeclosurepublic service career student loan repayment Federal Funds RateMoney MarketAccuQuote.comWall StreetCredit Card Interest Rateget over life insurance phobiapercentage of women widowed 75-84OverspendingteensUniversity of Floridaprotect dependent 50 over 50special saving accountbuying a carSuze approveddo you need life insuranceHolidayFRANewtownprotect your familyInfluentialsAshley Springerinitial tax break gift grandchild IRA contributionOne Wallet At A TimeFinancial Solutions For Youno tax on withdrawlspush yourself to save more for retirementget health insuranceno life insurance financially irresponsibleMarlo Thomasdeath benefit needs for familyretirement planprotect and provide for minor child Long Term Care Insurance Personal FinanceInteresthome buying budgetbill paying priorities8 RulesFinancialAARP Social security calculatorGiftultimate compounding giftHoliday Seasonhome ownershipTelepicturesconsider roth 401(k)Prime Rate IncreaseInfluential CelebrityFinancial CliffPay Off Debt Before RetirementCory BookerSuze Orman's Money Warsstudent loan repaymentmaintain standard of livingStudent DebtPrime Rate Rise 2015enjoy saving Long Term Care premiumsHeart401(k) Contributionspaying for collegeSuze Orman spouse Kathy TravisFinancial Awareness Video Festivalhome budget after tax costLong Term Care shoppingfinancial argumentsVeterinary SchoolAlarm ClockHow To Build Credittaxesyours, mine & ours20% down paymentswitch to roth 401(k)AARPrent vs buyalternative FICO scoreIRA contribution gifted moneymoney vowshome buying mistakeswomen outlive mensame sex marriage band end Floridaschool television hostFundsExhibitionFiscal ResponsibilityMoneyCommunication Skills Most Influential Celebrities List401Kfinancial independenceBankruptcySatisfyingUS Tax Codeinsurancepresident Obamaget credit cardCNBCadvice for college graduatesWashingtonchildren under 18one credit cardcostly insurance mistakeHoliday Shopping

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
© 2015 Suze Orman Media Inc. All rights reserved.
 |  Search  |  Sitemap  |  Privacy  |  Terms
Sign Up For E-mail Offers
Open Panel
Close Panel