Cash For Clunker!

Cash for Clunkers good or bad?

I'll admit owning a new vehicle is exciting, it gives you that warm fuzzy feeling and even turns the neighbors heads when you come rolling into the driveway.

But will it be worth it?

To some owning a new car is a sound decision, to others it can turn into a nightmare. The response to this program has been swift to say the least, but who will the winners really be?

So far the winners are the car manufactures & dealers for moving their inventory, the scrap iron industry for crushing your trade in and the banks for making money in finance charges!

Will you win?

My concerns are for the people that participated, will this new car become a blessing or a burden. Due to the unsettled economic times the last thing we need is a "mortgage mess" scenario inside the auto industry. If your future employment is secure and you didn't over buy you may be a winner too.

All these so called deals don't always have the end consumers interests at heart...I'm all for stimulating the economy but using credit to acquire more debt isn't always the answer and in more cases its the problems!

For everyone that received a new car, congratulations!


Later,
Scott
www.fdipays.com

Zer01 Wants To Turn Retailers Into Carriers

Buzzirk Mobile may face competition!

One important reminder to anyone that researches a Home Based business..Make sure the products are exclusive of at least limited
to purchase from the supplier!

Buzzirk Mobile was under the impression that they had exclusive rights to offer this service but things might be changing soon Zer01 Wants To Turn Retailers Into Carriers: "Las Vegas- Major retailers could be offering unlimited cellular VoIP and data..."

Keep a close eye on this story, it may never materialize but the intent is there. This technology is becoming extremely popular so having exclusive rights is always the best option.

Now for some recent news on this technology!

On July 4th, 2009 Financial Destination Inc announced that Kuba Farbiarz, the founder of GI Connect, creator of its proprietary technology and worldwide communication platform, has joined FDI for the pre-launch of FDI International coming in August!

Check back for more information soon.

Scott
www.fdirep.com/ses

Additional fees with Credit Card reform?

Wow how the time passes!! Hopefully you have been following my updates on Twitter as I'm more of a 140 character person than a blogger..

It has been a busy spring starting with the flooding and then all the cool spring like weather. Finally I can tell summer is here as the gas prices have been going up and that is a sure sign of SUMMER, as for me riding a Harley sure does make a difference when it's time to fill the gas tank. Having fun and saving fuel, what a concept!


The biggest news in the financial world this past month was the Credit Card reform that the Senate passed. I have mixed emotions about this reform and I feel it will eventually hurt the average consumer with additional fees.


So here is my buyers beware...
Watch for additional Fees...

Now I hope that I am wrong on this idea

The Credit Card Companies want to make money, when they lose the ability to generate income they always find other alternatives for the shortfall. This is business but it is unfortunate our government has to create laws to govern the industry. I do feel if government wants to help, start educating the public about using credit and the cost of having debt.


My advice is watch your monthly statements, read any updated customer agreement. If you don't like the terms don't do the deal. Work on keeping that credit score in the best shape, this alone is a major cost savings. The fallout from the current credit crunch will be costly for anyone that has damaged their credit.

Don't forget FDI has some great services that helps restore those credit scores back to the best possible shape! Bad credit is big business and at your expense, become proactive and fight back..

Now its time to enjoy our nice weather!

Prosper and enjoy,
Scott
www.fdipays.com