As a nation, the U.S. is spending billions of dollars that they don’t have, digging the hold of national debt deeper and deeper to create the money to spend. One of these days, the time will come to start repaying the billions of dollars that have been created to stimulate the economy and one of [...]
Posted October 8, 2009 by Admin under Financial News
According the Wall Street Journal, Bank of America has sent a letter to the Chairman of the House Financial Services Committee vowing to cease rate and fee increases until new credit card laws take effect in February. This moratorium comes after Bank of America embarked on a nearly year long spree of rate and fee [...]
Tags: Credit Card, Rate
Posted October 7, 2009 by Admin under Financial News
The 4th quarter of the year is already here, and many people do the bulk of their charitable giving at the end of the year. By the 4th quarter, most people know what kind of a year they have had and whether or not they are in the position to make a donation. They also [...]
Tags: Charitable Giving, Giving
Posted October 7, 2009 by Admin under Financial News
The results of a study released this week demonstrate some trends in consumer lending that show a correlation between race and loan approvals. The study examined the number of loan applications that were denied for both new mortgages and refinanced mortgages in 2007 and 2008. Although there has historically been a gap between people of [...]
Tags: Loan
Posted October 6, 2009 by Admin under Financial News
Not sure what with this idea some people got in their heads – how to achieve highest credit score possible, which would be 850 on most commonly used credit score scale today. For many I guess, it is just like a game – can I do it and what it takes. I can tell you [...]
Tags: Credit Score, Credit Score Possible, Possible, Score Possible
Posted October 5, 2009 by Admin under Financial News
The fangs of Depression returned after 70 years to bite again. It bit the same country most strongly – USA. But this time, the effect on the other countries has been huge owing to the power that USA commands in today’s world. The trend in share markets has been largely bearish and short selling of [...]
Posted October 3, 2009 by Admin under Financial News
Turn on any cable news channel and you’ll hear the same theme: inflation is coming. There’s no getting around it–we don’t know exactly when, but it’s coming. You can’t create a trillion dollars out of thin air and expect the purchasing power of a dollar to remain unchanged. Some inflation is normal–most people factor in [...]
Posted October 2, 2009 by Admin under Financial News
While it isn’t time to start jumping up and down, one major credit card company rolled out a credit card that offers a 0% APR on balance transfers for 1 year. This could be viewed as a positive sign that longer 0% periods are returning, although it is entirely possible that this is just a [...]
Tags: Balance Transfers, Year
Posted October 1, 2009 by Admin under Financial News