By chiron99 on February 1, 2009
Created as a formula to determine the odds borrowers will repay loans on time, credit scores are a relatively new invention. Developed in 1988 by Fair Issac Corp, the FICO score condenses information from a credit report into a single number used by banks and creditors to determine the ability of a borrower to take [...]
Posted in Develop Your Skill
By chiron99 on January 20, 2009
The soundness of your spending habits can only lead two ways – to a growing portfolio or to debt disaster. Avoiding the following bad habits altogether or taking the time to recount financial missteps that have been made along the way will save money and stress down the road or point the way towards financial [...]
Posted in Develop Your Skill
By chiron99 on January 15, 2009
There are plenty of help-self books on the shelves these days touting sure-fire methods for achieving great wealth. Books that assert a particular mindset will create the magic pathway to financial goals that seem elusive to so many. While there is no magic button to generate discretionary income, in fact there are habits of the [...]
Posted in Develop Your Skill
By chiron99 on January 14, 2009
With the recent lowering of the federal funds rate, and the Fed’s move to slash it yet again to a range of 0 to 0.25 percent, many homebuyers are scrambling to refinance their mortgages in an effort to take advantage of falling rates. However, before doing so, there are some considerations to make as to [...]
Posted in Develop Your Skill
By chiron99 on January 14, 2009
These days, many people are looking for practical, effective ways to not only get the most out of their dollar, but also increase savings for a rainy day. It’s recommended that households have an average reserve of at least three months’ worth of income put aside in case of emergency or loss of a job. [...]
Posted in Develop Your Skill
By chiron99 on January 12, 2009
Times are tight right now for many households. Even those families who may not be hard pressed are thinking about scaling back during the holidays. But the season of giving still persists and many want to express gratitude for all they have by sharing with those who are less fortunate. In fact, one recent study [...]
Posted in Develop Your Skill
By chiron99 on January 9, 2009
In the wake of recent financial mergers and closings, new scams are being devised to part individuals with their identities. According to the Federal Trade Commission, e-mails, phone calls and letters are being circulated which claim to represent an individual’s financial institution. The purpose of the scam is to take advantage of the recent upheavals [...]
Posted in Develop Your Skill
By chiron99 on January 9, 2009
The 2008 upset in the economic marketplace will probably be an event for the history books. Tumbling credit scores and tightening reins on available consumer credit may have some consumers feeling as if their financial reputation is history as well. However, now is not the time to despair. Take the first step, and while it [...]
Posted in Develop Your Skill
By chiron99 on January 7, 2009
When it comes to holiday shopping, consumers are cutting back this season, using cash more often, and looking for the best deals. But before heading out the door to the nearest mall or major retailer, perhaps the best approach is to create a spending plan that will not only keep the debt Grinch out of [...]
Posted in Develop Your Skill
By chiron99 on January 7, 2009
From shopping online to shopping in long lines, the holidays present a time of giving for consumers. For would-be thieves, the shopping season is a prime time for stealing one of life’s most precious commodities – our identities. The holidays can be an exciting time of gifting but they are also a time when shoppers [...]
Posted in Develop Your Skill
