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

not enough life insurancekid borrow firstclosing disclosurequick closingbe good exampleloan big picture four steps to retirement savings secured cardcost of capitalization calculator20% down paymentrequired disclosureChanging LivesHoliday Shoppingretirementwives should be involved in retirementraise insurance deductibleForbes40% toward financial goalcommunity bankEasy Life Insurance long-term care under 18 financial giftcalculate dependents annual income needs8 month emergency fundcredit unionFinancial Solutions For YouAlarm Clockcommitanticipated salaryloved ones dependent on incomeavoid burn outstudent loan repaymentCNBCBankmeet monthly tax ID theftsocial security never insolventBeauty20% equityemployer funding HSAfinancial argumentsopen enrollment review credit cardETF'sCommunication Skills no negativitybill paying prioritiesdental discount planpremium10% donate to charityspecial saving accountpermanent life insuranceCiti Simplicity Card breakdown projected monthly housing costno life insurance financially irresponsibleMoneysecure creditgraduationMoney Marketraise deductiblesuniversal college accessplanrolloveronly refinance if it paysNewtownretirement accountsprotect loved ones Richlower ratehome buying budgetpublic service career student loan repayment Wall Streetrent vs buycomparison shoppinghigh deductible health care planrising home pricesGifts3 step financial road mapvalue moneyfamily save at least $100 monthlykeep a schedulelow-cost index mutual fundhigh premiumspositivepowerfulphysical healthoverspend on dining outone credit cardloan is gift6 month waiting periodstay positivecar buying mistakespaid in fullfile asappay more than minimumbe kind to yourselfalways use all paid time offThe Suze Orman Showcnbc alarm clockone annual feeleave a legacyinsurance yearly reviewmortgagereal estate mistakesSuze changed my lifepay credit debt ASAPFICO ScoreVeterinary Schooltelevision hostadvice for college graduatesPay Off Debt Before Retirement4 Must Have Documents president Obamano late fee buying a carannual cost of living adjustmentteens and moneyage appropriate choreteens!00% tuition paidCOLASuze Orman ScholarshipMost Influential Celebrities Listdoctor no longer in networkjuggle multiple financial goalsdo you need life insurancehighest possible benefitPrime Rate Rise 2015Long Term Care shoppingGay Couplesretain separate credit cardsloan necessitydebit cardmental healthalternative FICO scoreFinancial Gift Cliffdon't buy wantsdangerous money seasonAARP Social security calculatorcommunity collegeFICO at least 720HSA tax savingsgift up to 14,000bad decisionsadjust allocations multiple lendershigher insurance deductiblemanage student loansFICO credit score credit card mortgageinsurancesavings pleasuresocial workritual scheduleretirment savingsmax employee matchfederal student loan deferment school increase retirement savingsbetter termsEmergency SavingsHDHP'sis it necessary?save mobile appcollege graduateInterestunexpected expensehome budget after tax costwaive home inspection bidConventional loan PMIsetup automatic savings withdrawcostly insurance mistakebad retirement planningMass Mutualcut monthly cellular billwomen outlive meninitial tax break pay interest while in schoolno interesthome related tax break bonus credit reportHDHP's are good for yougrandparent IRA contribution gift grandchild IRA contributionescrowvalentines dayFinancial Awareness Video Festivaldangerous retirement planitemized deductionmoney vowsstore credit cardsPBS Special401(k) Contributions15-year refinance dealCory Bookerlower premiumapproved medical 100% tax-freemortgage interest tax deductiongay marriage ban end Florida near historic lowsAmy LacyetCPI-W50 over 503 savings buckets ForeclosureLoveletter to suzepoint cost offset by savingsage appropriate goalsdon't spend provider of financial supportDurable Power of Attorney for Health CareSpendingoverspend on giftslearn good financial choicesBaby BoomersGiftHDHP's are not badstandard deduction 401Ksummer job match income term life insurancerequire chore in exchange for allowanceback-to-school budgetget the most out of social security is it true? unsubsidized Stafford loancouple financesretirement planCommencementGoodbyewomen longer life spanRevocable Living TrustStudent Loanbuy down no sneaking in feesbuy homebecome member stretch out haircut appointmentsfull retirement agenegotiate points with bank or sellersuccesspay down car loanface your financial fearExhibition10 year repayment plan Suze is my biggest mentorlife insurancedoctors in networksavingscreate new truthfocus on needsFHA loan feesswitch to spouse coverageinterest on student loansautomatic withdraw to savings public service loan forgiveness programadd teenterm insuranceStudent Debt CrisisWarner Bros Television Groupbuy home you can affordnew carFiscal Responsibilityzero rate transfer dealspay off debtSuze approvedexercise reguarlylowest cost fund optionverify retirement plan with HR or plan sponsorheartachepurely financial standpointAshley SpringerFRAspeak new goalautomate student loan paymentshousing marketdon't use allowance as bribelong term goalFundsyours, mine & oursresponsiblewrite new goalswitch to roth 401(k)not gender specific Americans don't use all paid vacation timeprotect and provide for minor child pay 100% cashLTC shoppingsame sex marriage band end FloridaPost-Divorcelower overall drug costsame-sex marriage2015 financial roadmapdental insurance Long Term Care premiumspaid vacationHolidayis it kind?incentives for health care wellness screeninghigh FICO score8 RulesYoung Adult charges on credit cardlower mortgage interestdon't charge a pennydon't ignore open enrollmentmortgage disclosureBankruptcyhealthy retirement blood pressureorigination feesno private loanLong Term Care Insurance women live longerproperty taxultimate compounding giftEmployer Matched Contributionreal estate marketborrowing plan no retirement funds for down paymentback door Roth IRAmarriage financial responsibilityHDHP/HSAIRA contribution gifted moneyprescription tiermaintain standard of livingenjoy saving gift not loanpercentage of women widowed 75-84financial goal phrasedental savings planjanuary billsmake saving a pleasureearn allowanceemployer offered life insuranceFinancial AdviceMortgage Credit Availability Indexno waiting periodFinancial EducatorSuze OrmanHDHP GraceFinal Goodbyelow credit scorechildren under 18financing car Financial Systemrepay student loansreferrals preexisting condition not coveredUniversity of Illinoisdream schoolPrime Rate Increase20% down payment avoid feeslive below your meansincrease retirement contribution rateemergency fund savingssocial security not going brokestudentstudent loan debtFinancial Power of Attorneymonthly benefit co-sign Marlo ThomasUniversity of Floridaclosing feesSandy Hook PromiseSave Us Moneyhealthy aging don't defer interest paymentsWashingtonRetirement Incomecut monthly cable billinterest capitalizationtaxesCredit Card Interest Rateat worst still pay 75% benefitStudent Debtprotect your familyhome loan credit score below 740 automatic paymentsave moneyemotional stakesOne Wallet At A Timeroth iramonthly dental insurance premium2016 adjust withholding3% debt transferred consider roth 401(k)Stock Investmentsbalance transfer traditional vs roth 401(k)car leasingdebt freeCredit Card Rate Increasemarriage inequalitycredit managementcan you afford itTelepicturesfinancial fearsMotherbig results worst financial mistakekids schedule paymentsno fee transferholiday spendingGay Rightsknow before you owebest loan deal TeachInfluential Celebritydo not pay allowance for good behaviorlousy investmentcar loanpush yourself to save more for retirementfinancial concernteach importance of helping othersNew York Lifeprotect dependent ignore 6 month grace period compare monthly expensesAARPlow down paymentthree year car loanUrbana-Champaignallowancedon't blow tax refundAdequate Auto and Home Insuranceteach your child good money habitsdear suzeRetirement Savingsmax benefit coveredUS Tax Codesmall changes get credit cardhealthy retirement weighthome insuranceconfident of solutionCollege of Veterinary Medicinedeath benefit 20 to 25 times annual incomebest interest ratesHoliday Seasonbetter loan rates19 years cash flow problemmoney-aware childFederal Funds RateSandy Hook Elementary SchoolsidelinedRoth 401(k)long term carereplace permanent life insurance with termfocus on new truth responsible with moneyJose Rodriguezbudgetcollege student8 month safety netgrandchild summer job IRA contributionverify wellness screening and programsLTCi ASAPno tax on withdrawlsSuze Orman spouse Kathy Travispay down student loan debtiffy incomeForbes Top 10Staffords this year have a fixed 6.8% interest ratepay high rate off firstclosing costs 2% of loandon't derail retirement savingsMoney-Savingwomen long term carecontribution debtshort term goal would you decline a bonusinsurance mistakemax employer matched 401(k) contributionSchool of Social Workreduce interest rateLifestyleEric Dodge social securityAccuQuote.comCivil Rightsbetter loan dealsFree Debt EliminatorSelectQuote.comno splurge loan no longer than 36monthsdon't do five year car loanfraudulent returnPhyllis Shelton expert long-term careCredit scorehome ownershipdeath benefit needs for familyLTCbe true to yourselfshop online guaranteed level term policyreduce monthly payment3 bucket approachfinancial independencedon't cover cosmetic dentistryInvest for savings growthidentity fraudallowance taskSuze Orman's Money Warstake actionNew american Dream InfluentialsFinancialovercome financial fearsstandard ratestudent loan repayment estimatorget over life insurance phobiadon't extend mortgage Financial Awarenessadult children2015 record year car salescontribute household expenses is it necessaryget health insurancedepreciating asset increase emergency savingsborrow each year, capitalization is going to pile up derailed planhome buying mistakesOverspendingrefinancetitle insurance2016 adjust estimated taxAuto Savings percentage men widowed 75-84buying car 2016overspend on nights outHeartSatisfyingmortgage brokerlong-term care premiumsemergency fund only offered while employed confidentFinancial CliffHow To Build Creditstudent loan repayment planpaying for collegePersonal Financelet them have 50% control

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
© 2016 Suze Orman Media Inc. All rights reserved.
 |  Search  |  Sitemap  |  Privacy  |  Terms
Sign Up For E-mail Offers
Open Panel
Close Panel