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Nice Fridays

As a Money Coach, I work daily to help guide people through their financial issues and challenges, both individually and in their relationships. In the midst of this economy, there are more people who need help than I could possibly attend to, so my hope is to provide a forum here on CreditBloggers.com that provides readers with a safe place to go for money coaching, advice and encouragement.

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I was contacted by Raymond Sheppard of Hillsdale Financial Group based in Orlando Florida. He told me I was approved for a $9,000 loan with a 6% interest. I was a little surprised that I could have gotten that low of an interest when my debt to income ratio was so high already. All I would need to do first is to send him $1300 for 5 months collateral which would be applied directly to the loan. I would then start to repay the loan back starting in August for a total of 36 months at $270.

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This week, it’s a cheery little 10 minute cartoon from Jonathan Jarvis that explains the credit crisis. The topic is stressful, but the lovely illustrations and soothing muzak makes the whole thing less intimidating.

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JP Morgan Chase, Citi and Bank of America have signed on to a moratorium on foreclosures through mid-March. The move is designed to give some time for the government to come up with financial stability plans. From the Dow Jones report:

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There’s not much to be happy about in the current economy. But there is one tiny glint of positive news amid all the headlines: At least we’re getting out of debt! American credit card debt (revolving) decreased by $6.3 billion dollars in December. If you figure the average credit card rate is about 10% these days, we’ve saved up to $520 million on interest charges on our credit card debt.

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I was trying to take out a $5,000 loan on the internet. To see if someone could help me. Someone named Ryan Anderson contacted me and claimed he worked for Metro Financial Services and said they are listed with the Better Business Bureau. He wanted to help me, I thought. That was great at first.

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We used to do a “Funny Money Friday” post each week here at CreditBloggers. But, as the economy sunk, each week it was getting a little bit harder to find anything funny in the gloomy economic and real estate headlines. So instead, let’s use our Friday’s to focus on the positive. We certainly could use some good news these days.

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