Money Saving Consumer Tip
Stay alert to the truly unique bargains being offered through various branches of the government. The Car Allowance Rebate System fondly referred to as ‘Cash for Clunkers’, is a prime example of opportunities never seen before and unlikely to be seen again. During the past week upwards of 240,000 vehicle sales were conducted through the program that gave owners rebates between $3,500 and $4,500 for older, gas guzzling vehicles traded in on newer, gas efficient models. By Friday, July 31st the original $1 billion budgeted for the program a week ago was gone and House members approved the measure 316-109 to add $2 billion within hours of hearing from Transportation Secretary Ray LaHood that the program was running out of money. The Senate will be taking up the measure next week but the White House would not make any promises beyond the deals made this weekend. The hard hit auto dealerships are still processing paper work for more than 200,000 vehicles purchased as a result of this program. Although this is good for the environment as well as the auto industry it is not so good for the renewable energy loan program that the additional $2 billion was shifted from. The loan guarantees are a more long term program that is being looked to for future green-collar jobs. This past week, and maybe only for that week, an opportunity to make a needed purchase while utilizing one of the stimulus package rebates allowed an incredible number of consumers to make the most of their money. Stay abreast of what is being offered and use what you can to buy the things you need. Remember though that it is only a ‘bargain’ if it is something you were going to buy anyway. Anything else is really just an added expense.
Identity Theft 101 for Freshmen College Students
As you pack all the things your high school graduate needs to begin his college career do not forget to give him the awareness and information about identity theft that they will need to know about once they are out from under your protective umbrella. The folks of many intelligent young people are often surprised to learn that the young adult is unaware of many basic facts of life. Internet security and many of the safeguards you have on your computer for protection of your account numbers, passwords and the like will not be in place on computers at coffee shops, the library, student lounges, etc... Be sure to cover the topic of protecting themselves against identity theft – especially if furnishing them with a credit card.
New Laws Affecting Bank and Financial Services Bonus Packages
On July 31, 2009, the House voted 237-185 on the measure to prohibit pay and bonus packages of such magnitude that they entice bankers and traders to take dangerous high-risk actions to achieve them. The disclosure on Thursday, just one day earlier, that nine of North America’s largest banks, who are also receiving billions in bailout dollars, paid out over $1 million to approximately 5,000 of their employees in performance bonuses.
Coastal Credit Solutions, Inc. operates a financial market place that matches Consumers and Businesses with debt eliminating and/or alternative financing service providers. If you have over $5,000 personal or business credit card debt or are seeking small business financing, please call us 866-205-8370 for a FREE no obligation consultation.
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