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Suffice it to say, anyone who reads this blog knows how much I abhor the concept of what I call worthless credit scores. I hate these things so much that I can’t even think of the right words to use. However, there are a number of people who really do care about this, especially those [...]
We’ve all seen those gift cards that people can buy for others. Some mirror regular credit cards, while others are for specific retailers. The problem with those cards is that they all come with fees of all sorts, and one never knows exactly what those fees are, and that’s just plain wrong. Some people end [...]
This is scary; so far in 2010, 37 banks have been closed, with 7 banks being closed on Friday. For comparison purposes, last year around this time there were only 21 banks closed. As a matter of fact, there’s the possibility that if 5 banks are closed by this Friday it’ll double what was closed [...]
The latest figures relating to the performance of credit card loans, from issuers including Capital One Financial Corp. (COF) and American Express Co. (AXP), suggest that consumers are still troubled, and losses branching from souring credit card loans remain high. Analysts say that recent trends show the market is headed for a peak in delinquencies [...]
Mortgage rates vary depending on the type of loan you obtain and for how long you are borrowing it. The rate also differs from one lender to another. When you plan to obtain a home loan, you must shop around and compare the monthly mortgage payments and total interest on different loans with the help [...]
The Federal Reserve today decided not to increase interest rates, saying they’re trying to help ease unemployment and stimulate the economy, which has stagnated. However, they seem to be upbeat that unemployment didn’t get worse, which I guess is a mixed blessing at best. That standards for how “well” the economy is going are so [...]
Most of us remember that it seemed like the financial world came crumbling down the day Lehman Brothers announced that they were going into bankruptcy. I have to admit that, even though there were overall signs that something wasn’t right, this was the defining moment when I knew this country was in trouble. Ever since [...]