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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Credit Management 101 for College Students

Posted by Andrea Lewis at Mar 27, 2012 | No Comments »

And, it doesn’t stop with student loan debt. Students are also turning to credit cards to pay necessary expenses, and many college graduates leave school with a few thousand dollars in credit card debt, spread over several accounts.

Knowing your credit scores and reports can help you avoid unwelcome surprises after graduation. FreeScore provides access to all three credit scores and reports from the three major credit bureaus: TransUnion, Experian and Equifax. In addition, you will have the benefit of 24/7 credit monitoring and automatic alerts that notify you of any changes to your credit reports. Don’t neglect what may be one the most important aspects of your education: smart credit management and protection.

Tags: Students

Garnishment Of Bank Accounts Opened Outside Of Florida

Posted by Gregory Young at Mar 26, 2012 | No Comments »

 A person opens a bank account in a state other than Florida, and then he moves to Florida. The bank has Florida branches. If a creditor obtains a judgment against the same person the creditor would likely try to garnish the debtor’s bank account through a Florida writ of garnishment. Most people assume that a creditor can garnish a debtor’s account wherever the account was first opened so long as the bank has established Florida bank branches which fall under Florida court jurisdiction. 

  There are few cases on the jurisdictional limits of Florida garnishment writs, but the cases on point have held that a creditor many not garnish the bank account of a Florida debtor who opened a bank account in another state, or even in another country, even if the bank maintains Florida branches.  

 The courts reasoned that bank account is located at the branch were the account is opened and maintained. Accounts

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Tags: Florida Opened Florida

What would you need for a credit?

Posted by admin at Mar 25, 2012 | No Comments »

There are different procedures to apply for an instant credit that the ones required by the banks for a long term loan or a mortgage. It is normal, as long as a short term loan implies a reduced number of risks on behalf of the bank, and we are also talking about small sums. Here are some answers to FAQ about applying for a credit.

What paperwork is needed?

It depends on the procedures of the financial institution, but there are some papers required for any kind of credit. You will always need your identification documents and the proofs from your workplace. In the case of short-term loans, if the documents from your employer proof that you will be employed for the next period is just about enough. Even if you are employed temporarily, you will be allowed to obtain a credit for the period when you are employed. Read more…

Tags: Credit

Its too easy to suggest Apple should be a bank

Posted by Gregory Young at Mar 16, 2012 | No Comments »

This hyperbolic language that accompanies Apple reminds me of the dot com era. Back then if you had a brand it could accomplish anything.

We know more now. Great brand but stick to your knitting. You do not want to go in front of the “Barney Frank” type interrogation that banking entry will require you to endure. This is not a balance sheet issue. Its a much deeper regulatory, and oversight issue which cannot easily be consolidated with typical business processes.

Don’t even get me started. I love Apple. Stick to technology.

What is the next industry Apple can disrupt? Banking! | GigaOm

A new survey of 5,092 respondents in the U.K. and the U.S. from marketing and research consultancy KAE found that one in 10 people would consider banking with Apple, and 43 percent of existing Apple users would

Tags: Apple Apple Should

Homeowners Struggling to Close Short Sales in Chicago May Want to Consider Bankruptcy

Posted by Gregory Young at Mar 15, 2012 | No Comments »

As the number of underwater mortgages continues to rise, short sales have become a popular way for Chicago homeowners to avoid foreclosure without filing for bankruptcy.

Unfortunately, homeowners are finding out that a short sale can quickly go from a saving grace to a nightmare. Quite often, a Chicago bankruptcy would have provided a more successful outcome.

As the Chicago Tribune recently illustrated, many lenders are overwhelmed by the sheer volume of calls and requests they’re getting from homeowners looking to refinance, get a loan modification, or complete a short sale.

As a result, banks are refusing to approve a large number of short sales – even if homeowners are qualified and buyers are already lined up.

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Tags: Bankruptcy Short Sales

How Often Should You View Your Credit Report?

Posted by Andrea Lewis at Mar 09, 2012 | No Comments »

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    Even though checking your own credit report has no effect on your credit rating, viewing your credit history is one of the best things you can do to improve your creditworthiness. Consumers who pulled their credit report scored 9 percent higher on a financial literacy quiz, according to a 2011 Consumer Federation of America study. Ideally, you should view your report as often as possible.

      • Because a personal credit check does not affect your credit rating, you should view your credit report every day. For practical reasons and cost, you do not need to view your report daily.

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    Tags: Credit Report Report

    How to Import: A Guide for eBay Sellers

    Posted by Gregory Young at Mar 09, 2012 | 1 Comment »

    [Last week I published a guest post about importing from China. That article seemed to have got some of the readers dabbling in eBay excited about a new option they have not explored before for cutting through the competition. I had several mails asking me about some of the basics of getting started. Since the guest author, Alice, is an expert on this topic, I asked her if she could help us with a more basic How-To guide. And she was kind enough to oblige. I hope this will come in handy for some of you.]

    I recently wrote a post about The 6 Essential tips for importing from China. Not surprisingly, it sparked an interest among some of the enterprising readers about what is possible when you import items from China to sell on eBay and they want to learn more. So, I have put together this little guide to cover some of the finer points of importing goods from China to the US.

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    Tags: Ebay Ebay Sellers

    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

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