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The news is bleak: unemployment numbers for young adults between 16 and 29 is more than twice the national rate, the amount of college debt continues to climb as more and more college graduates cant find work and an alarming number of those college grads are discovering that moving out of Mom an Dads house is an impossibility.

Indeed, the unemployment rates for this age group havent been this high since World War II. And did we mention this particular group is racking up credit card debt with no way to repay it? Enter American Express and its genius one-stop shop for curing all that ails these young people – provided the plan doesnt backfire, of course.

American Express has teamed with two very different services that serve a shared purpose: putting younger Americans to work. B

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One of the most common options for dealing with a deteriorating mortgage condition in Las Vegas is refinancing it.

“Refis,” as they’re called, are more conventional than, say, paying until you hope to secure new income to avoid a default, short selling, offering the bank the deed in lieu of foreclosure, discharging secondary loans if possible, or strategically defaulting on the loan. Refinancing simply means the borrower takes on new debt to pay off an old debt.

There are six benefits and two drawbacks to refinancing that many borrowers may not be considering.

(1)  Avoiding default. The refinanced loan contains more favorable terms to accommodate the borrower’s current circumstances, which means that people who are about to fall behind on their mortgages are less likely to default if their monthly payments are lowered in exchange for a longer term.

(2)  Fixed interest rates. Frequentl

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Tags: Las Vegas, Mortgage

Perks

There’s no annual fee, which is rare for a rewards card. You can earn up to 12,000 bonus Miles in the first year just by using your credit card for one purchase each of the first 12 months you have your card. You’ll earn 1,000 each of those months and 12,000 if you make a purchase all 12 months. You get a $100 travel credit to your account when you redeem 10,000 Miles for a travel purchase as long as you redeem the Miles to your account within 90 days.

Reward Program

Earn double Miles on your first $3,000 of travel and restaurant purchases each year and double Miles on purchases in Discover’s online shopping mall. All other purchases earn 1 Mile for every $1.

Miles by Discover gives you various reward redemption options: travel, gift cards and even cash. There

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Tags: Card, Card Review

The Patriots don’t play the Philadelphia Eagles until Thanksgiving Sunday —November 27. The question is not who will win. We here in Massachusetts know the New England Patriots will be ready for them come Week 12. The question, for those of us who follow Massachusetts bankruptcy law, is how can Philadelphia quarterback Michael Vick have a new $100 million contract, with $40 million guaranteed, and still be in personal bankruptcy?

First, how did he get into bankruptcy? Just like everyone else we see in the Massachusetts bankruptcy court: he overspent. Couldn’t that salary get him out? Sure, but, like many folks who file for bankruptcy protection in Massachusetts, an unforeseen circumstance arose. No, most folks that file in Massachusetts were not convicted of cruelty to animal and illegal betting, and sent to jail like Vick. But many of our clients have an unexpected event which triggers a financial demise.

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A new credit card offering a unique reward points system is being launched by lifestyle management company, Insignia, to its ultra-high net worth clientele this month.

The Label Visa Platinum credit card is a multi-currency credit card that can be used across the globe by Insignia Lifestyle Management members. The key advantage of this travel-friendly product is that different currencies can be charged to the card while avoiding costly exchange rate charges.

This is the first Insignia credit card to offer a reward points system. Accumulated points can be exchanged for a wide range of luxury goods and services from affiliated brand providers, these include: private jet travel, yachts, electronics and vintage wines.

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Tags: Card, Credit Card, Reward Points