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

employer funding HSAcut monthly cellular billLTCGoodbyebest loan deal FICO credit score credit card mortgageconsider roth 401(k)Moneysame sex marriage band end Floridacouple financesdon't defer interest paymentsloved ones dependent on incomeCollege of Veterinary MedicineLong Term Care Insurance approved medical 100% tax-freeLifestylePay Off Debt Before RetirementThe Suze Orman ShowCredit Card Interest RateFree Debt Eliminatorsuccesssave not enough life insurancegay marriage ban end Florida Credit scoreinsurance mistake50 over 50Holiday ShoppingSpendingStudent DebtChanging LivesSuze approvedFinal Goodbye10 year repayment plan HDHP's are good for youHDHP Phyllis Shelton expert long-term caredream schoolverify wellness screening and programsOne Wallet At A Timestudent loan repayment estimatorCommunication Skills costly insurance mistakeWarner Bros Television GroupAmy Lacyetgraduation8 month emergency fundbuying a carspecial saving accountSchool of Social WorkStock InvestmentsCivil Rightspresident Obamamaintain standard of livingIRA contribution gifted moneyVeterinary SchooltaxesMoney Marketincentives for health care wellness screeningteens and moneyhome buying mistakesEmergency Savingsdebit cardHSA tax savingsFiscal Responsibilityletter to suzesave moneyretirementEasy Life Insurance monthly benefit pay interest while in schoolSuze Ormanstudent loan debtdon't use allowance as bribeemployer offered life insuranceget health insurance8 RulesPrime Rate Rise 2015bad retirement planningmax employer matched 401(k) contributiononly offered while employed Teachverify retirement plan with HR or plan sponsorborrow each year, capitalization is going to pile up paid vacationsocial security never insolventSave Us Moneysame-sex marriageNew american Dream Eric Dodge marriage financial responsibilityraise deductiblesRichpaying for collegeinitial tax break percentage men widowed 75-84women outlive menMoney-Savinggrandparent IRA contribution stretch out haircut appointmentsinsuranceretain separate credit cardsenjoy saving long-term care Baby BoomersAshley Springerconfident of solutionAlarm ClockWashingtoncalculate dependents annual income needsget credit cardno life insurance financially irresponsibleprotect loved ones BankruptcyLong Term Care premiumsstore credit cardsAARP Social security calculatorritual schedulecar leasingcar loanUrbana-Champaignhome budget after tax costCommencementretirement planmanage student loansHDHP's are not badworst financial mistakeFinancial EducatorFinancialFRAraise insurance deductiblechildren under 18high deductible health care planSuze Orman Scholarshipalways use all paid time offUS Tax Codewives should be involved in retirementRetirement Savingspermanent life insuranceprotect your family20% down paymentGiftsfederal student loan deferment dear suzePBS SpecialGay Couplesopen enrollment review financing car Student Loanpush yourself to save more for retirementstudent loan repaymentLTC shoppingfamily save at least $100 monthlystudent loan repayment planLong Term Care shoppingMost Influential Celebrities Listmoney vowsuniversal college accessadvice for college graduateslower mortgage interestFunds3 step financial road mapterm insurance2015 financial roadmapFinancial AwarenessFederal Funds Ratepublic service loan forgiveness programlower premiumMortgage Credit Availability IndexFinancial Adviceswitch to roth 401(k)protect dependent avoid burn outFICO Scoreunexpected expensefinancial independenceBankOverspendingone credit cardvalue moneyignore 6 month grace period Post-DivorceAmericans don't use all paid vacation timedeath benefit needs for familySuze changed my lifeinterest capitalizationage appropriate choreultimate compounding giftat worst still pay 75% benefitswitch to spouse coverageInterestMarlo ThomasHeartcharges on credit cardNewtownalternative FICO scoreFinancial Cliffcredit cardgift grandchild IRA contribution19 years cash flow problemStudent Debt Crisissocial security not going brokehome ownershippublic service career student loan repayment Financial SystemHoliday Seasonhome buying budgetUniversity of Floridano tax on withdrawlscost of capitalization calculatorprotect and provide for minor child don't ignore open enrollmentmarriage inequalityYoung Adult car buying mistakesemergency fund savingsAccuQuote.comteach your child good money habitsExhibitionHolidaydo you need life insuranceemergency fund live below your meansmake saving a pleasurecnbc alarm clockSelectQuote.com401(k) Contributionstelevision hostmental healthSuze Orman spouse Kathy TravisMotherLoveGrace401KCNBCdoctors in networkcollege graduateFinancial Awareness Video Festival8 month safety netStaffords this year have a fixed 6.8% interest ratesocial workPersonal FinanceJose Rodriguezdo not pay allowance for good behaviorbig results long-term care premiumsrequire chore in exchange for allowancecommunity collegereplace permanent life insurance with termkeep a schedulegrandchild summer job IRA contributioncut monthly cable billPrime Rate Increaseroth ira!00% tuition paidthree year car loanpercentage of women widowed 75-84yours, mine & oursinsurance yearly reviewsmall changes waive home inspection bidSatisfyingsavingsdoctor no longer in networkphysical healthSandy Hook PromiseInfluentialsstudentincrease retirement contribution rateCredit Card Rate Increasemobile apptraditional vs roth 401(k)retirment savingsTelepicturesForbesfinancial argumentsdebtHow To Build Creditprovider of financial supportForbes Top 10school high premiumsSuze is my biggest mentorrent vs buyHDHP'sFinancial Gift Cliffshop online guaranteed level term policywould you decline a bonusget over life insurance phobiafour steps to retirement savings term life insuranceget the most out of social security automate student loan paymentsGay RightsForeclosurecredit reportdon't do five year car loanautomatic withdraw to savings AARPInfluential CelebrityUniversity of Illinoisretirement accountsunsubsidized Stafford loanSandy Hook Elementary Schoolhome loan credit score below 740 Giftinterest on student loansSuze Orman's Money WarsCory Bookerteensfull retirement ageRetirement IncomeFinancial Solutions For Youbill paying prioritiesback door Roth IRAhigher insurance deductibleBeautyWall Streetdeath benefit 20 to 25 times annual income

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