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

ARMlower overall drug costTeachThe Suze Orman Showstore credit cardsget the most out of social security gift not loanFinancial Cliffcar leasing20% down paymentFederal Funds RateGiftMust Have Documentsraise deductiblesadjust allocations Eric Dodge premiumresponsible with moneyclosing disclosureBankruptcyloan is giftwrite new goalaffordable premiumcollege graduateSatisfyingdon't use allowance as bribefinancial independencehome loan credit score below 740 debit cardrising home prices740 credit scorehome budget after tax costreduce interest rateMoneytake actionreferrals don't blow tax refundlower rateFICO at least 720not enough life insurancerequire chore in exchange for allowanceno late fee 3 savings buckets confident of solutionhousing marketfinancing car get health insuranceHDHP/HSAVital Documentsonly refinance if it paysescrownot gender specific depreciating asset Adequate Auto and Home Insuranceborrowing plan consider roth 401(k)Student Debtstudent!00% tuition paidHeartstudent loan repayment estimatorcut monthly cable billno apologymental healthbad retirement planningback door Roth IRA8 month safety netFinancial Systemdon't buy wants2016 adjust estimated taxincreased auto insurance premiumBill and Pennyvalentines dayshort term goal money vowshighest possible benefit19 years cash flow problemsecure creditget credit cardsmall changes AARP Social security calculatoriffy incomesave Credit Card Rate Increasenon conventional routeadd teencredit reportpay high rate off firsttelevision hostpay off debtStaffords this year have a fixed 6.8% interest rateidentity fraudhome ownership2015 financial roadmap30 year mortgage would you decline a bonuscompare provider pricingbest interest ratesrequired disclosurepositiveaffordabilityRichhigher monthly paymentInterestCivil RightsSuze Orman spouse Kathy Travisignore 6 month grace period credit cardLong Term Care Insurance be kind to yourselfverify wellness screening and programsthree year car loansave moneymax employer matched 401(k) contribution3 bucket approachat worst still pay 75% benefitidentity theftoverspend on nights outhigh down paymentlower premiumkids schedule paymentsrefinanceConventional loan PMIno private loanlow credit scoredon't defer interest paymentsroth iraautomate student loan paymentsunsubsidized Stafford loanis it true? teach your child good money habitsphysical healthprotect dependent debtlong term goalno waiting periodfederal student loan deferment School of Social Workmarriage financial responsibilityworkaholicdon't ignore open enrollmenthome buying budgetadvice for college graduatesprotect and provide for minor child no life insurance financially irresponsibleFinancialonly offered while employed be good examplepercentage of women widowed 75-84best loan deal 15 year mortgageFederal Stafford loanwomen outlive menback-to-school budgetjuggle multiple financial goalspay down car loanno interestVeterinary SchoolstaycationGay Couplesbuy down Student LoanFixed Rate MortgageWashingtonDurable Power of Attorney for Health Caredon't do five year car loaninsurancealways use all paid time offstudent loan repaymentmanage student loansChanging LivesTelepicturesFICO Scorelong-term care 6 month waiting periodUniversity of Floridaprotect loved ones LTCi ASAPlower mortgage interest4 Must Have Documents graduationAccuQuote.comno splurge cost of capitalization calculatorfraudulent returnPhyllis Shelton expert long-term careAshley SpringerCOLASpendingpaid in fullinsurance yearly reviewBeautyfile taxes quicklyopen enrollment review one credit cardchildren's bookloved ones dependent on incomefamily save at least $100 monthlypreexisting condition not coveredmortgage interest tax deductionincrease retirement savingshome related tax break bonus Financial Awareness Video Festivalmonthly dental insurance premiumloan no longer than 36monthscontribution IRA contribution gifted moneysavings pleasuremortgage disclosureshorter payback periodcredit utilization ratecalculate dependents annual income needsdeath benefit 20 to 25 times annual incomeone annual feeleave a legacySandy Hook Promisecommunity collegeholiday spendingmortgagerefunddeath benefit needs for familypay interest while in schoolPrime Rate Rise 2015college studentUS Tax Codebuy homecostly legal reduce withholdinglow mileage discountvalue moneyage appropriate goalssocial security never insolventFree Debt Eliminatorteens2015 record year car salestraditional vs roth 401(k)prescription tierretirementbad decisions40% toward financial goalWarner Bros Television GroupSuze Orman ScholarshipNewtownBankOverspendingpublic service loan forgiveness programMost Influential Celebrities ListPBS Specialcnbc alarm clocksame sex marriage band end Floridacredit managementbudgetSuze Orman's Money Warspaying for collegeHDHP'shome insurancereplace permanent life insurance with termfull retirement ageinsurance mistakebetter loan ratesdoctor no longer in networkearn allowanceFinancial Educatorannual cost of living adjustment8 Rulesno tax on withdrawlsrent vs buyritual scheduleRetirement IncomeGiftssummer job match income contribute household expenses Holidaymax employee matchpay down student loan debtstandard deduction origination feeskid borrow firstCory Bookerpoint cost offset by savingsRetirement SavingsForeclosureteach importance of helping otherspowerfulSelfishPrime Rate IncreasePay Off Debt Before Retirementincentives for health care wellness screening3% debt transferred approved medical 100% tax-freeSandy Hook Elementary School50 over 50president Obamapush yourself to save more for retirementdon't cover cosmetic dentistryARM Cautionface your financial fearschool increase retirement contribution rateInfluential CelebritySuze Ormancompare monthly expensesstrained relationshipwives should be involved in retirementlife insurance name trust as beneficiaryStudent Debt Crisishealthy aging Lifestylelong term careno private loansjanuary billsRevocable Living Trustnegotiate points with bank or sellerdental savings planlower interest rateFiscal Responsibilityhealthy retirement blood pressuredon't charge a pennyexercise reguarlyEmployer Matched Contributionhome buying mistakesLong Term Care shoppingmax benefit coveredterm insurance15-year refinance dealchildren under 18Financial Power of Attorneymortgage brokerRoth 401(k)create new truthpublic service career student loan repayment gay marriage ban end Florida bill paying prioritiespercentage men widowed 75-84repay student loansautomatic withdraw to savings derailed planheartachepermanent life insuranceultimate compounding giftgrandparent IRA contribution allowanceMotherspecial saving accountoverspend on dining outstudent loan repayment planuniversal college accesshigh premiumsExhibitionkeep a schedulehigh credit score discountemergency fund Minor Children dental discount plandream schoolWillloan big picture title insuranceAuto Savings Emergency Savingscommunity bankreal estate mistakesmaintain standard of livingHigh FICO Score = Better Ratepay credit debt ASAPHSA tax savingsitemized deductionincrease emergency savingsPost-Divorcenear historic lowsForbes Top 10University of Illinoishealthy youmultiple lendersloan necessityresponsibleSuze is my biggest mentorstretch out haircut appointments20% down payment avoid feesspeak new goalsame-sex marriageAlarm Clockhigher insurance deductiblesecured cardfocus on needsno negativityget over life insurance phobiafinancial concernwomen long term carecut monthly cellular billunexpected expenseclosing costs 2% of loanemotional stakesHDHP new cartoo expensive schoolbuying car 2016no sneaking in fees10 year repayment plan Mass MutualCiti Simplicity Card overcome financial fearslowest cost fund optionSuze changed my lifehigh FICO scorefinancial argumentslet them have 50% control401(k) Contributionswomen live longer2017 Taxesspring summer planeight month living expense avoid burn outreduce monthly paymentprotect your familypaid vacationStock InvestmentssuccessCommunication Skills FICO credit score credit card mortgagedo not pay allowance for good behaviorretirement planFinancial Gift CliffLong Term Care premiums20% equitybalance transfer AARPHDHP's are not badFHA loan feesalternative FICO scoreproperty taxadult childrenCommencementswitch to roth 401(k)real estate marketcommitsetup automatic savings withdrawSelectQuote.comHoliday ShoppingUrbana-Champaigninterest on student loanscostly insurance mistakeAmy LacyetAmericans don't use all paid vacation timeHDHP's are good for youzero rate transfer dealsis it necessarycar buying mistakesconfidentCPI-Wstay positiveis it necessary?savingsYoung Adult four steps to retirement savings CNBCGoodbyeSave Us MoneyPersonal Financestandard rateunder 18 financial giftMoney-SavingLove2016 adjust withholdingOne Wallet At A Timegift grandchild IRA contributionallowance tasktax refund fraudis it kind?Gay RightsMortgage Credit Availability Indexretain separate credit cardsmeet monthly money-aware childinterest capitalizationlow down paymentworst financial mistakeNew american Dream 8 month emergency fundbetter termscan you afford itletter to suzesidelinedswitch to spouse coverageETF'semployer funding HSACredit Card Interest Ratehigh deductible health care planfile asapshop online guaranteed level term policyinitial tax break big results dangerous money seasonlive below your meansFundsraise insurance deductible20 to 25 times annual incomesocial securitymonthly benefit Credit scoreoverspend on giftsbreakdown projected monthly housing costSuze approvedFinancial Awarenessretirement accountsraise your deductible10% donate to charityverify retirement plan with HR or plan sponsorfinancial goal phraseteens and moneyCollege of Veterinary MedicineMoney Marketdangerous retirement planmarriage inequality3 step financial road mapcredit unionpurely financial standpointage appropriate chorelow-cost index mutual fundborrow each year, capitalization is going to pile up pay more than minimumbuy home you can affordGracebuying a cardo you need life insuranceEasy Life Insurance gift up to 14,000Holiday Seasonlife insuranceyours, mine & ourstaxesquick closingenjoy saving peace of mindfinancial aid20 year level term don't extend mortgage better loan dealsschedule vacationcomparison shoppinggrandchild summer job IRA contributionFinancial Solutions For YouWall StreetFRAInfluentialscouple financessocial security not going brokestudent loan debthealthy retirement weightFederal PLUS loanwomen longer life spanbecome member car loanlearn good financial choicesterm life insuranceFinancial Advice401KMarlo ThomasHigh Credit Scoreknow before you oweNew York LifeRevocable Trusttax ID theftfinancial fearsInvest for savings growthdear suzeemployer offered life insuranceHow To Build Creditfocus on new truth Forbesmobile appJose Rodriguezemergency fund savingscharges on credit cardwaive home inspection bidrolloverburn outdon't spend Baby Boomersco-sign make saving a pleasuredebt freeclosing feesFinal Goodbyeautomatic paymentretirment savingslousy investmentdoctors in networksocial workpay 100% cashbe true to yourselfno retirement funds for down paymentno fee transferLTC shoppinghome buying seasonLegal Guardiananticipated salaryLTCprovider of financial supportlong-term care premiumsdental insurance don't derail retirement savings

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