Latest Articles from Credit Card Posts

Does It Hurt My Credit if Several Reports Run While Car Shopping?

May 11, 2012 | No Comments »

Auto lenders will often view your credit report prior to offering you an auto loan. The information in your report determines your FICO credit score, which runs from 300 to 850. This information will impact the terms of your auto loan, including the...

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Is your car a filthy mess?

May 04, 2012 | No Comments »

How about your home? Your office? Your yard? Im a little embarrassed to say yes, yes, yes, and yes. Or, at least, that was the old me. Im a hyper, busy guy, so everything was a mess. When was I supposed to find time to organize my stuff when I was...

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Is Unemployment Credible Income?

April 07, 2012 | No Comments »

Unemployment income is temporary income you receive when you lose your job. This money is considered income, though you do lose it when you return to work. When you apply for a bank loan, the bank looks for credible income from sources that...

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The infallible JP Morgan finally encounters the same loss problems as the rest

Posted by Gregory Young at May 13, 2012 | No Comments »

Back in April there was much talk about Bruno Iksil, Head Trader at the JP Morgan CIO (Central Investment Office) and how they were moving into proprietary ‘house’ trading.

The iconoclastic rating agency, and fully recognized NRSRO to the dismay of some tabloids, which just refuses to play by the status quo rules, and which downgraded the US for the second time last Friday, to be followed soon by other rating agencies as soon as US debt crosses the $16.4 trillion threshold in a few short months, has just done the even more unthinkable and downgraded Fed boss JPMorgan from AA- to A+.

That has now come home to roost. The

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Tags: Jp Morgan Morgan

Late Fees Bring Action on American Express

Posted by Gregory Young at May 11, 2012 | No Comments »

American Express Co is the largest credit card provider by purchases and they are now under the microscope for some of their late fee tactics. The Federal Deposit Insurance Corp and the Consumer Financial Protection Bureau are taking action against the company for late fees that were incurred by some AmEx customers through Centurion Bank.

There are no specific details as to how much the charges were for late payments by AmEx customers but the FDIC plans to file formal action against the credit card company. It is expected that the procedures of Centurion will be changed and the bank will be charged penalty fees and be required to provide customer refunds for overcharges found.

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Tags: American Express Express

Garnishment’s After Effect: Bank Rejects Applicant With Unpaid Banking Fees

Posted by Gregory Young at May 09, 2012 | No Comments »

 Sometimes I get calls from people anticipating  judgments who ask me how to protect against creditor garnishment of cash in their bank accounts. In many cases I have advised them to use new banks located in states outside of Florida. When some of these people try to open new bank accounts they find that the bank rejects their accounts. Most of these debtors assume their accounts are rejected because they have bad credit or because a lawsuit has already been filed against them.  

I called one such bank to ask the bank manager how they screen new account and why they had rejected on of my clients. The bank said that their rejection has nothing to do with the applicant’s credit score or legal entanglements. Banks do not run credit checks on new customers unless they apply for credit, and they do not search court records to see if the applicant is being sued or has a judgment against him.     < Read more…

Tags: Bank Effect Bank

Importing from China to Sell on eBay: 6 Essential Tips for Successful Importing

Posted by Gregory Young at May 05, 2012 | No Comments »

If you are interested in making money on eBay, you might be aware of the fact that some sellers find that competition on the eBay marketplace a little intense.

For many items such as electronic gadgets like mobile phones and mp3 players, it’s pretty much impossible for a new seller to make sales. This is because you are going head-to-head with long-term sellers with big budgets (they often make wholesale orders of over $20,000 -$30,000 at a time) which is difficult to compete with.

However, there are still a lot of unsaturated markets on eBay and therefore, there are still plenty of opportunities for you to cash-in. One of the best ways to ensure fast sales on eBay is importing from China, the global manufacturing giant.

When you import from China, you open yourself up to being able to source products that sell like hotcakes on eBay at a fraction of the cost of sourcing them locally. P

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Tags: Ebay Ebay Essential

Make trading your career

Posted by admin at Apr 18, 2012 | No Comments »
Make trading your career

Stock CertifiedTrading Stocks for a living is often a lucrative career. If you have a deep knowledge of the stock market, you can start by investing a small amount of your money by trading in securities. However, it is not an easy job; you have to take a lot of time to study the stock market.

The most common method by which people increase their livelihood is by registering with a stockbroker. In many parts of the world buying and selling of stocks is not very easy, and you have to carry out your trading through a stockbroker who has a license to trade on behalf of its customers.

Getting the right stockbroker is the biggest hurdle of investing in the stock market. Read more…

Tags: Career

Chicago Bankruptcy Case United States v. Persfull Shows Dangers of Fraud

Posted by Gregory Young at Apr 12, 2012 | No Comments »

The Illinois case of two brothers charged with bankruptcy fraud shows the dangers of not following the complex rules of the court. This potential for fraud could be equally tempting for someone filing for Chapter 7 bankruptcy in Chicago.

In United States v. Persfull, two brothers were sentenced to 30 and 39 months in prison, respectively, for lying to a bankruptcy trustee.

This case highlights just how important it is to communicate openly with your Chicago bankruptcy lawyer in a bankruptcy case. While bankruptcy allows consumers to reap the benefits of having debts discharged, there are specific rules that must be followed. It is a complex process that must be handled by a skilled lawyer.

Because bankruptcy is a federal process, bankruptcy fraud is a federal offense, punishable by five years in prison, a fine or both.

According to U.S.

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Tags: Dangers Fraud Fraud

Government of Canada Budget 2012 seeks to clarify Federal Jurisdiction Over Banking

Posted by Gregory Young at Apr 12, 2012 | No Comments »

Canada introduced their 2012 budget today. There is an interesting reference to banking, copied here in totality. There must be some reason for this. It references external confusion about bank governance. If anyone can contribute please chime in.

Budget 2012 Clarifying Federal Jurisdiction Over Banking

The Government will introduce a preamble into the Bank Act to clarify the intent that all banking activities throughout Canada be governed exclusively by the same high-quality federal standards that have served Canadians so well.

Canadians benefit from one of the best-regulated banking sectors in the world. Canada’s banking regulatory framework rests on stringent prudential rules that ensure that our banking sector remains safe and sound and on consumer protection rules that stress consumer choice and transparent disclosure. T

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Tags: Banking Jurisdiction Banking

Work Space Organization (For the Terminally Disorganized)

Posted by Gregory Young at Apr 08, 2012 | No Comments »

Some people love organization. It comes naturally to them. They wield inboxes, date books and file folders as if they were born with labelers in their hands. If you’re that kind of person, this article isn’t for youunless you want to slap it up on your cube-mate’s wall. No, this piece is intended for people who haven’t seen the top of their desk since the day after they hired in. Fifteen years ago.

If you’re one of those people, you know how an organized work space could help you. You realize you waste countless hours looking for things that “ought to be here somewhere,” privately fretting that you’ve accidentally thrown them away. You’re aware that an organized office leads to increased productivity,  your boss’s confidenceand even promotions. And it’s not like you haven’t tried. It’s just that, no matter which system you implement, or how good your intentions, within a week or two, you’re back to the same old clutter. You may, of course, have a b

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