Featured
Cash is King as Car Sales Plunge
Yes, you can get 0% interest rate loans on a wide variety of vehicles. But, don’t think you’ll get the best price when the dealer throws all of it’s might behind getting every dollar it can out of you. Times are tough as these recent headlines show: General Motors scrambles to save $15bn as car sales plummet GM to cut jobs, sell assets, raise cash to survive Car slump weakens US... [Read more]
The Credit Score Blues Song
A great blues song for those of you who prefer to learn about credit scores while being entertained. Pretty catchy isn’t it? (Note: We are not an affiliate site nor have we previewed the CD they created this clever marketing campaign for so if you visit their site and purchase their CD you’re on your own! We recommend you simply enjoy the song.) SHARETHIS.addEntry({ title: "The Credit... [Read more]
Quickest Way to Hurt Your Credit Scores
Most people find this hard to believe, but it is true and a bunch of people fall into the trap because it seems like a smart thing to do. What am I talking about? Buy-now-pay-later loans on purchases You’ve all seen the offers for furniture, appliances, carpeting, and all sorts of other major purchases. “Buy now and pay later!”, “No payments for 24 months!”, etc…. It... [Read more]
Quickest Way to Increase Your Credit Scores
As an account executive for a mortgage lender I reviewed thousands of applicant’s credit reports to determine which ones would qualify for home loans and which ones would not. The credit scores prospective borrowers had from the three major credit bureaus, Experian, Transunion, and Equifax were the first thing we looked at and had the most impact on whether someone qualified and what their interest... [Read more]
Credit Card Debt in the U.S.
The Federal Reserve rolled out new rules to reign in some of the abusive practices credit card companies have been using to scrape every last penny possible out of their customers. One of the areas the regulations focused on is the late fees and jacking up of the interest rates if customers run late on a payment or two. If you haven’t been nailed at least once by your credit card companies... [Read more]
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