FSA to make lenders responsible for mortgage customer profiles

The Financial Services Authority (FSA) has today issued a statement proposing that future mortgage arrangements should only be entered into if the lender is convinced that the borrower will be able to afford the agreement in the long-term. Making lenders responsible for ensuring that borrowers are in a position to afford mortgage payments going forward may sound obvious, but is something of a significant shift from the current setup.

Historically, while various checks and tests will be carried out before any mortgage arrangement is a place ultimately it is down to the borrower to ensure they are able to pay off their mortgages in a timely manner.

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How To Get Dirt Cheap Airline Tickets

Do you like to travel?  If your like me vacation is the one time during the year were you look forward to the chance to get away from things and relax a bit.  This is probably the one thing I almost always look forward to all year long.

However a lot of times to take these kinds of vacations it requires buying airline tickets in order to get to your destination.  In this article I’m going to share what I’ve done to score dirt cheap airline tickets.

Start Looking Ahead Of Time

The first thing I always do is look ahead of time.  In fact you can start looking for really cheap airline tickets 330 days ahead of time.  Now I know what your thinking, I’m not going to buy my airline tickets that early,  and I’m not telling you to.

What I like to do is once I roughly know the time I’m going to take the trip is look up the current going rates for the tickets and make a mental note of the price.  Then every couple of days I will keep checking the price.  What this does for me is it allows me to know what is a dirt cheap airline ticket and what’s not.

I once flew to Los Angles from Ohio and it was going to run around $280 round trip but I knew if I could get the tickets for anything less than that it would be a deal and I ended up finding some for around $240 because  I would relentlessly check ticket prices .  That’s what knowing your ticket value can help you do.

The Day You Fly

The next thing you need to look at is the day you will fly out.  This can make a big difference in the cost you will pay for a ticket.  In fact the two cheapest days to fly out are Tuesday and Wednesday typically.

To prove my point I was recently helping a close relative find an airline ticket who was flying from Ohio to North Carolina.  The cost for her to fly on the weekend was around $205, the cost for her to fly on a Tuesday was $150.  So in this case it’s obvious that it would be better wait a few more days to save $55.

The Time Of The Year

Third, as important as the day is concerned the time of the year you leave is  also very important.  However this a lot of times also depends on the destination.

For example, if wanted to take a trip to a place in the Caribbean and you were leaving in February you would likely pay more for your ticket.  On the other hand if you left in September during the peak of hurricane season you would likely get some great dirt cheap tickets.

Stand By

The next option you should consider is stand by.  This is an option that airlines will offer when you’re traveling because their flight may be overbooked or to heavy.  Airlines will then usually ask people if they would like to fly stand by and a lot of times offer a free ticket option which will allow you to fly anywhere in the continental United State.

However a lot of times these tickets are only good for one year and may have some restriction like stand by only.  To get these deals ahead of time contact the airline you are flying on ask if their is any stand by option available.

Get Rewards

Finally the last option is to get an airline miles reward credit card, like the Capital One Venture Rewards credit card.  These cards work great if you want to cut down on ticket prices and fly for really cheap.

With the Venture card you will get double miles on every purchase you make every day.  They will give you 10,000 bonus miles when you spend a thousand buck in the first three months, and best of all you can fly free with no blackout dates anywhere you want to go. That sounds like a great deal.

I

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The Perfect Christmas Gift…..

The TV Hat looks like some thing out of a “SNL” sketch, but it’s no joke.

The cheesy As Seen on TV ad for the $30 hat — essentially a black curtain hanging from a baseball cap with a ludicrously long bill — has quickly become the hot new viral video, reports The New York Post.

According to inventor and vice president of SKM Industries George Korper, 1,000 TV Hats were sold at the Consumer Electronics Show in January, where the product was first introduced.

Since then, Korper reports that “thousands, but not hundreds of thousands” of the hats have been shipped to happy customers

The TV Hat works with iPhones, iPods, Droids and Flo TVs. The device ge

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Things I Am Unwilling To Give Up

I write a lot about things that I can eliminate in order to save money, but I am actually to the point where I really have nothing else that I particularly want to eliminate from my life or my household.

There are some things that are just too important to my daily pleasure and, although I might be happy to save money in purchasing them, I am not going to go without them. I suspect we all have a good sense of what is important to each of us, and we are going to do whatever we need to do to make sure we continue to have those things.

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How To Fight Back To Debt Collectors Who Cross The Line

Borrowers have the obligation to pay back their creditors. However, due to unexpected turn of events, some borrowers may encounter difficulty in keeping up with their repayment. When debts are left unpaid for too long, a creditor can assign debt collection to another agency. When this happens, negotiating debts can become more challenging than ever.

There have been reported and even unreported cases when debt collection agencies go beyond their boundaries when collecting payment from borrowers. The Fair Debt Collection Practices Act (FDCPA) clearly stipulates the rules of fair debt collection. Thus, if you feel that your debt collector is treating you in an undignified way, you have the right to take action.

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