With barbecue season just around the corner, a maker of gas grills and accessories sold at Lowe’s, True Value Hardware and Sam’s Club is closing its doors.

Fiesta Gas Grills, based in middle Tennessee, is filing Chapter 7 bankruptcy with debt of more than $35 million. The company lists only $15,000 in assets, and company officials predict there will be little left for creditors, reported the Nashville Business Journal.

The biggest company to lose out could be Wolfedale Engineering, a company that makes portable propane gas cylinders for the grills made by Fiesta.

Fiesta is owned by Onward Manufacturing, a Canadian company that owns several popular lines of gas grills. Onward only recently acquired Fiesta, which was sold in 25,000 stores across the U.S., in 2010.

You thought you needed a payday loan, and you got one. Now you realized that this is not such a good idea and want to cancel it, but how? In many states, you can cancel payday loans without paying a penalty. Exactly how to cancel a payday loan, depends on your particular state. In Illinois, you can cancel all your future obligations on a payday loan at no cost whatsoever – without paying fees, interest and other charges – if you cancel the loan by the end of the second business day immediately following the day your payday loan was executed.

To cancel future obligations on a payday loan fill out the following form and submit it to the lender. When you submit your written cancellation, you must also pay the lender an amount equal to the principal amount of the loan.

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I’m a member of a Credit Union and have several accounts with them.  I’ve heard of this mysterious ‘cross-collateralization’ CLAUSE and thought I would do some investigation so we can all sleep better.  Arizona Bankruptcy Attorney John Skiba wrote, Bankruptcy, Credit Unions & Cross Collateralization Agreements, over at JDSupra, which provides a very brief and technically incorrect overview of Credit Union’s dirty little tricks to get you to pay all your debts owed to them.  What we all need to know is, Can they get away with it?

The term cross-collateralization is not an agreement on its own, but rather it is a clause contained in other agreements that you might enter into with your credit union.  A contract clause is a term or condition that is written into the agreement that becomes part of the contract.  The trouble with these nasty little clauses is that credit unions are the only entities that think they’re a good idea and these clauses are not disclosed to the consumer and buried in the fine print or what we call ‘boilerplate’ language. I lik

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Times are tough and going to get tougher. You must save money and I know 7 ways that can certainly help to achieve just that. First, stop spending too much. Analyze you monthly spending, find ways to cut back and then save whatever money left at the end of the month. Keep yourself from slipping back into wasting money and don’t get too frustrated if it happens. This is just a first step, you must start saving in earnest. Understand that spending is often disappointing and follows by buyer remorse, be it new shoes, wardrobe, car or house. Worse still, once that initial delight passes and remorse kicks in, you will be looking to buy something else in a hurry.

If you can’t control your spending, you must find other ways to save money. Forget trying to cut spending and save whatever is left. Now make saving you primary objective and live on whatever money remains. As soon as you get that paycheck, save away a nice chunk of the money.

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If you are looking to finance your car while having bad credit, there are many auto finance options available for you.  Not all financing companies offer bad credit auto  loans.  Traditional financial institutions like banks are the most adamant in offering bad credit auto finance.  Their strict terms and conditions are in most cases not favorable to those with bad credit.  Car dealers do offer bad credit auto finance.  Know first how they operate before signing any auto financing deals with them.  Most individuals in need of auto finance believe that their options are limited to car dealers, and yet, this is not true.

Although car dealers offer bad credit auto finance, they tend to hike up the interest rate charges for their own interests.  When you ask a car dealer for a bad credit auto  loan, they approach a different auto finance lender on your behalf.  This lender may agree to your auto loan application for, say 9% interest rate.  The car dealer may in turn give you a rate of 11%, clearly higher than the original amount, so that they too make profit from your auto finance.  When you agree to these terms, you will end up paying more than you would have if, for example, you took pre-approved auto finance.

You may consider approaching online lenders for bad credit auto financing.  Their numerous numbers brings competition among them, and you may end up getting really good bad credit auto  loan deals.  By comparing quotes of different auto lenders, you are bound to find one that will best suit your budget.

A cynic is someone who knows the price of everything and the value of nothing.

Oscar Wilde

The great recession has caused a once housing obsessed country to lose its appetite for real estate. Its no coincidence that the tidal wave of house flipping reality TV shows has retreated to late night televisions infomercial nether regions. Homeowners everywhere are feeling the pain that the personal guarantee can inflict. Prices have gone down, interest only mortgage balances have remained intact. Ouch. The blogosphere and talking head commentators have taken notice. Investment expert James Altucher recently penned an interesting article on his blog titled: Why I am Never Going to Own Another Home Again.

No doubt Altuchers unapologetic attack on the white picket fence dream is compelling. Its true, homes are often money pits requiring unforseen maintenance. Theyre a constant drag on time. Owning a home severely limits mobility.

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