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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Savings Accounts: Free Benefits and Facilities

Posted by admin at Mar 07, 2012 | No Comments »

When you first reviewed the available savings accounts to choose from, you should be able to see some of the common benefits and facilities offered by banks to savings account customers. Although most savings accounts come with a set of fees and charges associated with them, you can also enjoy all the facilities of a savings account at no cost.

The first way of enjoying all the benefits of a savings account without spending any of your money in the process is by understanding the costs and charges of the savings account you are using perfectly. This way, you can easily stay within the boundaries or requirements and complete financial tasks without having to pay additional charges or fees.

You can also ask the representatives of your existing bank regarding savings account products they have in store. Read more…

Tags: Facilities Savings Accounts

This Week in Credit 9/9/2011

Posted by Gregory Young at Mar 04, 2012 | No Comments »

“Oklahoma doles out hundreds of millions of dollars each year to companies in the form of tax credits and other incentives with little oversight or transparency, and theres no way of knowing exactly how much its costing the state, a lawmaker complained Wednesday during a task force meeting.”

“Despite the many types of financial instruments available to you, your credit cards are probably the ones you use most often. Most cardholders literally wear through the magnetic stripes on their cards by using them so frequently, yet few truly become experts at managing their portfolio of plastic. In fact, too many cardholders unknowingly commit some of the simplest and most easily avoidable credit card mistakes.”

“Credit-card charge-offs rose for the first time in four months during August as two of the larger trusts, Citigroup Inc.s (C) Citibank and Bank of America Corp. (BAC), pos

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Tags: Credit Credit 992011

Buffett and Trump Say Buy Real Estate Now

Posted by Gregory Young at Mar 03, 2012 | No Comments »

Did you hear the news? Warren Buffett says that now is a great time to buy. That’s true. With interest rates and prices also at all time lows, why not make purchasing a property a priority in 2012?

But, is it a good time for investor buyers? Yes and no.

For investor buyers who want to hold onto properties for rental purposes, now is an awesome time to purchase a property. There are a fair amount of properties available, and investors who are paying cash have an additional edge—particularly on properties where condition may be a factor that impacts a buyer’s prospects for obtaining a mortgage loan.

But, on the other hand, those investors interested in ‘flipping’ properties may not have it quite as easy. In San Di

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Tags: Now

“The shadow CIA” | the joke is finally on wikileaks

Posted by Gregory Young at Mar 01, 2012 | No Comments »

Disclosure: I have/ maybe/ do/ could have/ subscribed to Stratfor. Stratfor is a great source of analysis that I compare to the Economist.

Anonymous and now Wikileaks have figured out that people and companies will pay for geopolitical analysis.

Brilliant.

Tags: Wikileaks

The Truth About Payday Loan Lenders

Posted by admin at Feb 24, 2012 | No Comments »

Payday loans (or quick loans as they are also known) are very popular these days as many of us have a need of a short term loan due to unexpected expenses or bills. Payday loans are sometime associated with predatory loan practices, but the fact is that this is a well-regulated industry with specific rules and regulations to protect consumers. However like any financial arrangement, it is important that all information on terms and conditions are read and fully comprehended beforehand. Here are some common questions people ask:

How does one qualify? Any UK resident aged 18 or above with a bank account and a steady income of about £500 or more can apply for the loan.

How much can one borrow? The amount does vary by lender, but loans are typically between £80 and £1000.

How long does it take to get the cash? Th Read more…

Tags: Payday Loan Lenders

Timely Rent Payments to Impact Credit Scores

Posted by Gregory Young at Feb 24, 2012 | No Comments »

New credit reporting tactics mean that rent payments may now have an impact on your credit score. So if you haven’t been faithful about making timely payments because they’re not reported to the credit bureaus, it’s time to change that habit.

In June 2010, Experian purchased RentBureau, a rental reporting agency that collected rental payment information. Months later, Experian began reporting timely rent payments on consumers’ credit reports. Those payments, in turn, were reflected in consumers’ VantageScore based on Experian credit report data. This year, Experian plans to begin reporting both negative and positive rental history. That means late payments can hurt you the same way that timely payments can help you.

A newer credit reporting agency, CoreLogic, is working with FICO, provider of the well-known credit score, to create a credit report and credit score that includes rental payment history, according to the New York Times. Timely re

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Tags: Credit Rent Payments

Competition for debt consolidation between banks

Posted by admin at Feb 23, 2012 | No Comments »

In their search for new clients, the banks intensified the competition in the area of debt consolidation. The new offers promise smaller rates with 50 % or more. However, there are some traps in those “great” offers, so it might be a good idea for you to know the characteristics of those credits. Please be careful while evaluating your options, as sometimes you might have to pay even bigger rates.

The lack of new eligible clients obliged the banks to look at the portfolios of other banks, promising great debt consolidation offers. This is an extremely competitive market now, considering the reduced number of options available for the clients now. It is the result of the financial recession that brought the clients into the impossibility of paying the rates.
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Tags: Debt Consolidation

Keep track of your mortgage

Posted by admin at Feb 22, 2012 | No Comments »

You have applied for a mortgage and it has been agreed. Congratulations. However this does not mean that you should just relax and forget all about it. This could mean that you stay with the same mortgage product for the next twenty-five years, if it is a basic variable-rate mortgage, or until the end of a negotiated fixed-rate or tracker term, which might be 3, 5 or 10 years. A lot can change in that time – both in your personal circumstances and in the general state of the economy. Mortgage deals come and go in an ever-changing market so it might be possible to renegotiate your mortgage on more favourable terms at some point in the future. Keep an eye on mortgage rates and advertised mortgage products.

One of the easiest ways to do this is by looking at on-line websites such as Moneysavingexpert.com or checking the best deals section of the personal finance pages of your Saturday or Sunday newspaper to find the best mortgages. T Read more…

Tags: best mortgages

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