Election Day

November 3rd, 2009

Who has the best Debt Settlement Program in which we work in the best interest on the client? SYD
Settle your Debt- SYD style

Evil Empire known as Credit Card Companie

November 2nd, 2009

Here are some ways that the credit card companies are now trying to earn more from us the consumer

Rate Hikes- There is no law that caps interest rates. With late payments and any other consumer infraction be prepared to see rates escalate.

New Fees- Looks like there will be application fees, inactivity fees, and other nuissance fees.

Higher Monthly Minimum Payments- the numnber was 2% of what was owed it will now be around the 5% figure, which will gauge the cardholders pocket.

Reward Points/Miles/ you will see many of these programs start to disappear over the next few months.

Credit Limits Slashed- Card Limits will be reduced dramatically.

Remember cardholders- you are not married to your creditor, Settle your Debt SYD style

Enter Our Halloween Costume Contest on Facebook

October 30th, 2009

Upload your Halloween costume pictures on the SYD Financial Group site in our online contest for a chance to win a great prize!http://www.facebook.com/group.php?gid=4172416447&v=photos&ref=ts#/event.php?eid=169535536018&index=1

Term Insurance

October 29th, 2009

Just sold a 250k term policy to an individual who wants to protect his son. Exactly what term is meant to be.

are these banks crazy

October 29th, 2009

Prospec just received her monthly statement from Bank of America. Her interest rates are at prime+26.99%. Thats nuts. Lady SYD settle your debt

Young People Worry About Financial Situations and Debt

October 29th, 2009

Despite what some people might think, a new survey shows that young people are not totally tuned out when it comes to debt and their financial future.

Call us, we can help 866 364-9161 or www.sydfinancial.com
The poll from the AARP’s LifeTurner program, which interviewed about 1,000 people aged 18 to 34, showed that 57 percent of respondents felt as though their finances were the top concern in their lives. Furthermore, 66 percent of those polled rated their financial situation as fair to poor.

Debt, including credit card debt, is also a concern for the young people polled. Almost 80 percent of the survey’s respondents said they had some form of debt. Credit card debt was the most common form, coming in at 36 percent.

As the economy continues to put people in a difficult spot regarding debt management, young people who are having a harder time than the general population when it comes to finding a job. According to the BusinessWeek, which cited statistics from the government, the unemployment rate for those aged 16 to 24 is 18.2 percent, which is up from 13 percent last year.

Jobs Show Potential to Slowly Come Back

October 26th, 2009

People who are struggling with debt brought on by unemployment may have a potential bright spot in the form of a new report suggesting that firms may be somewhat more likely to be hiring.

In the latest report from the National Association of Business Economists, only 12 percent of companies are actually adding jobs at this time. However, this is still an improvement over the survey’s all-time low of 6 percent this summer.

The survey also found that the number of companies cutting jobs has fallen somewhat, with 31 percent now reporting that they are doing so. This is an improvement from the 36 percent of jobs that were cutting jobs in the previous report. The NABE also noted that for the first time since the recession began, more companies report that they are planning to add new jobs in the next six months as opposed to cutting them.

“Job losses have been moderating with an improved outlook for hiring over the next six months,” an Associated Press report quoted William Strauss of the Federal Reserve Bank of Chicago as saying.

Another good sign is that companies have indicated a rise in capital spending over the past quarter, the first time since October 2008.

Economists have widely predicted that the expected recovery will be a largely jobless one, for different reasons.

With this in mind, members of Congress are currently working to extend unemployment benefits for the millions of workers who are on the verge of seeing them run out in the coming weeks. An extension has been blocked so far by partisan disputes, although a report on the New York Times website notes that a new effort is underway that could see benefits extended even more for residents of states that have higher unemployment levels.

Greed- is it good?

October 26th, 2009

Greedy credit card companies are now charging hidden fees before the new laws take effect in February. Card cancellation fees and double minimum payments are what these banks are not doing to keep there revenue stream afloat. Banks are doing what they can now and the consumer is being taken advantage of. Clonsumers out there make things happen in your favor- settle your debt SYD Style

What a crime

October 24th, 2009

Interest rates on on the move. Do you want to pay more in interest than you were. Lets think about this- SYD Settle your Debt

Credit Card Delinquencies Up In August & September!

October 23rd, 2009

Credit card delinquencies rose in August and in September for all the major credit issuers, with the exception of American Express. With no near-term job relief anticipated, there’s no reason not to anticipate a sustained trend. Call us so we can help you with your credit card debt today!