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

overspend on dining outEmployer Matched Contributionfinancing car increase retirement savingsalternative FICO scorebad decisionsspecial saving accountUniversity of Floridaleave a legacyMothermortgage disclosureUniversity of IllinoisFree Debt Eliminatorinterest capitalizationspeak new goalFederal Funds Rategift not loanno fee transferreplace permanent life insurance with termget the most out of social security small changes Mass Mutualtraditional vs roth 401(k)can you afford itsave moneyAuto Savings credit unionFinancial Awareness Video Festivalsame sex marriage band end Floridaautomate student loan paymentsRevocable Living TrustLong Term Care premiumsbetter loan ratesmonthly dental insurance premium2016 adjust withholdingpositivepaid vacationCredit Card Rate Increaselong-term care premiumsloan is giftno sneaking in feesGay Rightsstudent loan repaymentfraudulent returnlower mortgage interestgraduationFundsterm life insuranceteensdebtkeep a scheduleLTCi ASAPrising home pricesconfident of solutionincrease retirement contribution rateloan necessityemotional stakesthree year car loanHSA tax savingspurely financial standpointswitch to spouse coveragebalance transfer home ownership8 RulesRichhome buying mistakescostly insurance mistakemarriage financial responsibilitySuze Orman spouse Kathy Travis8 month safety netincrease emergency savings!00% tuition paidpay credit debt ASAPcnbc alarm clockwomen live longerpay down car loanFinancial Adviceemergency fund women long term care3 step financial road mapdangerous money seasonmax employer matched 401(k) contributionat worst still pay 75% benefitletter to suzeExhibitionGoodbyeis it necessary?insuranceFRAwomen outlive menstudentiffy incomeloan big picture Commencementbad retirement planninghome loan credit score below 740 president Obamaonly offered while employed SelectQuote.comTeachmortgagesidelinedhigher insurance deductibleuniversal college accessincentives for health care wellness screeningmanage student loans2015 financial roadmap40% toward financial goalno life insurance financially irresponsiblefederal student loan deferment store credit cardsroth iralet them have 50% controlfour steps to retirement savings home buying budgetpay high rate off firstno waiting periodHolidaypay interest while in schooldon't ignore open enrollmentLTC shoppingmax benefit coveredBeautyMoney-Savingalways use all paid time offAshley Springeropen enrollment review provider of financial supportGay Couplesis it kind?home budget after tax costdon't spend overcome financial fearsverify wellness screening and programsRetirement IncomeHeartemergency fund savingsfocus on new truth buying car 2016depreciating asset lower rateSandy Hook Promisesavingspush yourself to save more for retirementsave file asapplanconfidentrent vs buyMortgage Credit Availability Indexis it necessaryFinancial Solutions For Yougift up to 14,000dream schoolholiday spendingprotect dependent public service loan forgiveness programEric Dodge valentines daygrandchild summer job IRA contributionFICO credit score credit card mortgageThe Suze Orman ShowSuze Orman Scholarshipunsubsidized Stafford loanAlarm Clockrequired disclosuredental insurance preexisting condition not coveredbest interest rateslow down paymentMost Influential Celebrities Listno tax on withdrawlsphysical healthfinancial concernsuccessbest loan deal Final GoodbyeUrbana-ChampaignHDHP's are good for youstudent loan repayment estimatorcredit cardinitial tax break approved medical 100% tax-freechildren under 18gift grandchild IRA contributionworst financial mistakefamily save at least $100 monthlywould you decline a bonuscut monthly cable billemployer offered life insuranceCommunication Skills buying a carHoliday Seasonbill paying prioritiesBankruptcydeath benefit 20 to 25 times annual income8 month emergency fundCory Bookerbe kind to yourselfNew american Dream ForbesEasy Life Insurance lousy investmentnot gender specific become member stay positiveStudent Debtzero rate transfer dealsCNBCStaffords this year have a fixed 6.8% interest ratelearn good financial choicesForeclosureheartacheget health insuranceGiftstudent loan debtsummer job match income housing marketdental discount planmaintain standard of livingdon't charge a pennyretain separate credit cards4 Must Have Documents mobile appdangerous retirement plandebit cardRetirement Savingsautomatic withdraw to savings gay marriage ban end Florida Fiscal Responsibilitypay down student loan debtCivil Rightsone annual feedon't do five year car loandear suzeretirement planAdequate Auto and Home Insuranceadvice for college graduatesTelepicturesHoliday Shopping401(k) Contributionsderailed planInfluentialsyours, mine & oursfull retirement agewrite new goaldoctors in networkcomparison shoppingget over life insurance phobiacar leasingVeterinary Schoolmoney vowsStudent Debt Crisisage appropriate choreHDHP Warner Bros Television Groupone credit carddo you need life insurancedo not pay allowance for good behaviorbe true to yourselflive below your meansFinancial Awarenessfocus on needsFICO ScorecommitCredit Card Interest Rate2015 record year car salescollege graduateraise insurance deductiblebig results LifestyleLong Term Care Insurance BankLong Term Care shoppingverify retirement plan with HR or plan sponsorAmericans don't use all paid vacation timefinancial independenceLovecost of capitalization calculatorpermanent life insuranceSandy Hook Elementary Schoolcar loanHDHP'sbreakdown projected monthly housing costdon't cover cosmetic dentistryPhyllis Shelton expert long-term careInfluential Celebritymonthly benefit face your financial fearSuze changed my lifereal estate marketOverspendingSchool of Social WorkHDHP's are not badoverspend on nights outcharges on credit cardFinancial Power of Attorney20% down paymentgrandparent IRA contribution pay 100% cashYoung Adult financial argumentsinsurance mistaketerm insuranceSuze Orman's Money Warslower premiumSpendingprotect loved ones create new truth19 years cash flow problemFinancial Educatorignore 6 month grace period percentage of women widowed 75-84Financial Gift Cliffinsurance yearly reviewInterestdon't use allowance as bribeavoid burn outlong-term care car buying mistakesunder 18 financial giftDurable Power of Attorney for Health CareFinancial50 over 50Amy Lacyetlife insuranceInvest for savings growthresponsible with moneyjuggle multiple financial goalsPrime Rate Rise 2015raise deductibleswaive home inspection bidcredit reportoverspend on giftsNew York Lifewomen longer life spanpay off debtno negativityprotect and provide for minor child high premiumstelevision hosttax ID theftOne Wallet At A Timepay more than minimumsocial security never insolventdental savings planEmergency SavingsUS Tax Codecommunity collegestretch out haircut appointmentsdeath benefit needs for familyForbes Top 10percentage men widowed 75-84Prime Rate IncreaseCollege of Veterinary MedicineAccuQuote.comChanging LivespowerfulSatisfyinglong term careGracefinancial fearsconsider roth 401(k)social workshop online guaranteed level term policymental healthteach your child good money habits10% donate to charity10 year repayment plan marriage inequalityunexpected expensesocial security not going brokeMoney MarketPBS Specialdon't defer interest paymentsritual scheduleback door Roth IRAteach importance of helping othersdoctor no longer in network6 month waiting periodNewtownloan no longer than 36monthsMoneyStock InvestmentsBaby Boomerspaying for collegeprotect your familyget credit cardcut monthly cellular billis it true? high deductible health care planreal estate mistakesWashingtondon't blow tax refundWall Streetschool LTCidentity fraudnew carFinancial CliffFinancial Systeminterest on student loansretirment savingsHow To Build Credit2016 adjust estimated taxborrow each year, capitalization is going to pile up calculate dependents annual income needsstudent loan repayment planretirementSuze is my biggest mentorGiftsStudent LoanSuze approvedbuy homeSave Us Moneyknow before you oweMarlo Thomas401KJose RodriguezPay Off Debt Before Retirementcouple financesdon't buy wantsrequire chore in exchange for allowanceemployer funding HSAsame-sex marriagejanuary billsIRA contribution gifted moneyPost-Divorcelow credit scoreswitch to roth 401(k)high FICO scoreAARP Social security calculatorwives should be involved in retirementPersonal Financeteens and moneymake saving a pleasureretirement accountsfinancial goal phrasepublic service career student loan repayment value moneyultimate compounding giftnot enough life insuranceAARPenjoy saving Suze Ormantaxestake actionCredit scoreloved ones dependent on incomeno splurge


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