Monthly Archives: February 2010

Interest Rates Are 0, So Credit Cards Are A Bargain

Posted February 28, 2010 – 6:15 pm in: Credit

It is very important to make the right choices in life, whether these are financial decisions or not. After all, we can spend hours in the supermarket hunting for bargains, so we should show the same dedication to money matters. With interest rates often standing a 0, credit cards are an increasingly wise financial decision.

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Believe It – There Is A Relationship Between Bad Credit And Insurance Claims.

Posted February 26, 2010 – 11:47 am in: Personal Finance

Score impact- It is a fact than your credit record has a significant impact on your ability to get insurance coverage, and on actual expense of the coverage. Credit scores are employed by insurance companies to assist with eligibility for a policy, types of coverage, and payment options in terms of premiums. Thus, there is no doubt about the link between credit score and insurance.

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A Concise Guide To Buying A New Home

Posted February 24, 2010 – 1:01 pm in: Mortgage

Congratulations! You are now financially capable and the time is ripe for you to make your first house purchase. There it is, the house of your dreams; you grin as you see see how you and and your future family will live there quite happily.

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Disputing Your Equifax Credit Report

Posted February 22, 2010 – 8:59 am in: Credit

Equifax, Experian and Transunion are the three most important credit reporting agencies. It is important that one becomes familiar with reading credit reports issued by any of these 3 agencies. Most of the creditors might ask any of the three credit reports at any point of time in order to sanction loans or any other form of credits.

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Credit Rating Agencies

Posted February 20, 2010 – 12:06 pm in: Personal Finance

Nowadays a country’s financial growth depends on how much its citizens invest and its annual expenditure and profit. Giving credit has always been in fashion, for it brings in good money to the potential lenders. In the same way it allows consumers to have means to participate largely into the country’s financial benefits in this [...]

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Building New Credit Habits

Posted February 18, 2010 – 8:05 pm in: Personal Finance

Repairing your credit entails getting rid of the negative credit report information and catching up on your overdue bills. This could raise your credit score but might not be enough to make you credit worthy again. However, to raise your credit score high enough to entitle you to a loan, you have to rebuild your [...]

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Bad Debt – Get The Monkey Off Your Back

Posted February 16, 2010 – 6:50 pm in: Bankruptcy

Bad debt can sometimes feel like a monkey on your back. It’s constantly on your mind, and oftentimes the stress can be crippling. You may be able to take solace in the fact that you are not alone. There are thousands of people just like you in the United States that are going through the exact problems.

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Is It a Good Idea to Prepay Your Mortgage?

Posted February 12, 2010 – 9:58 pm in: Mortgage

If you have come into some funds, such as a bonus or a tax refund, here is a great way to use it to build your future and save money. But for those still deciding what they want to do with it, consider paying some of your mortgage down, a concept known as prepayment.

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How to Negotiate Debt?

Posted February 11, 2010 – 3:20 pm in: Personal Finance

Finding debt relief through debt negotiation can seem very appealing at the outset. However, before deciding on this option, it is important to understand the pros and cons of the process of negotiating credit card debt.

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The Big Question: Pay That Mortgage Or Walk Away?

Posted February 9, 2010 – 5:42 am in: Mortgage

In the midst of the real estate boom, many homebuyers extended their finances to purchase a house that might have been beyond their means. With the market on fire, people were apt to buy with low introductory interest rates and interest-only loans. They believed that their income would increase to meet their payments and predicted that real estate prices would never fall. Unfortunately, adjustable-rate mortgages have adjusted and monthly mortgage payments have gone up. Couple that with the fact that income hasn’t increased, and you will see why more people have fallen behind with their mortgage payments.

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How Long Is This Going To Be On My Credit Report?

Posted February 7, 2010 – 11:03 pm in: Personal Finance

Your credit history. It could be your best friend, or your worst enemy. Usually it’s like a nosy mother in law coming to visit for an extended period. You know that she’s coming, and that’s always bad news, but you are too afraid to ask or even consider how long she will be staying. Even though that was the worst analogy ever, read on to see how long negative marks should remain on your credit history!

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Mortgage Rate Predictions For The Next Few Years

Posted February 6, 2010 – 8:02 am in: Mortgage

In recent years, the housing market has been on a very bumpy financial ride. Due to the sub-prime mortgage crisis which resulted in millions of homeowners losing their homes due to the inability to pay their monthly mortgage payments, President Obama’s mortgage refinance stimulus plan was implemented to help people stay in their homes and encourage people to buy a home. The plan included lowering interest rates so that people could take advantage of the savings. Now that the economy has shown signs of improving, many people are wondering how long mortgage rates will stay low or if there is going to be an increase in the coming months and next few years.

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A Text Message From The Debt Collection Agency?

Posted February 4, 2010 – 7:29 pm in: Debt Consolidation

There is no doubt that text messaging has become a major medium for exchanging information. Easy, painless, no speaking on the phone. No wonder that according to the latest statistics that have been taken there were almost 750 billion text messages sent in the U.S. in 2009, almost double the number from one year before. Actually, technology and research firm executive Jacob D. Almeida recently predicted that money transfers will be the top mobile application by as early as 2012.

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Clearing A Mortgage Early By Using Offset Mortgages

Posted February 2, 2010 – 10:44 pm in: Loans

Knocking off a few months on your mortgage, or even a year or more, usually isn’t possible if you have already exhausted your budget in order to pay off your mortgage. But some types of mortgages seek to gain you a return based on your savings- something the offset mortgage is famous for.

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It Is Important To Protect Yourself Under The New CARD Act

Posted February 1, 2010 – 3:50 pm in: Credit

The new credit card bill that takes effect in February will have huge ramifications for both issuers and cardholders. Restrictions on rate increases, fees and increased disclosure requirements will bring about many changes for issuers. Borrowers should learn about the crucial stipulations in the law and the loopholes.

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