Many financial experts report that the average household carries at least $10,000 in credit card debt. In addition to this debt, many people take out upside down car loans and overextend themselves on home purchases. While debt is generally an unfortunate…
Recently, the term Libor – short for London Interbank Offered Rate – has been brought to the foreground of world news, with a scandal unfolding through an admission of fraudulent banking practices by one of the United Kingdom’s most popular…
Your credit score and credit report can seem like elusive concepts – you know what each one is, but do you truly know how your credit score is calculated, and what your credit report reveals about you? While it is…
Everyone knows that credit card debt is “bad” debt due to the high interest rates on most consumer credit cards, while mortgage debt is often described as “good” debt. But sometimes the distinction between “good” and “bad” debt isn’t so…
Credit card companies like to bombard consumers with special offers, and if you have a good credit score, you likely receive pre-approved credit card invitations from time to time. Furthermore, if you already have a credit card in your name,…
If you haven’t applied for a mortgage in the past six years, you may be unfamiliar with the new lending standards. Back in the mid-2000s, people with credit scores as low as 580 could qualify for a mortgage – but things…
When it comes to consumer debt, everyone has an opinion. Some people avoid debt at all costs, even if it means never buying a house, while others view debt as a necessary evil – a way to enjoy a certain…
If your current vehicle is on its last leg, or if you’re simply ready for something different, it might be time to bite the bullet and purchase a new car. That said, buying a new car isn’t some small, insignificant purchase….
The Discover it family of credit cards has a new member: the Discover it® Miles card. It’s a travel rewards credit card with a simple, flexible approach to reducing the cost of travel. The card accrues miles at a rate of 1.5…
The Amex EveryDay® Preferred Credit Card from American Express is a cash back credit card with a $95 annual fee and a generous and versatile – but sometimes confusing – points-based reward system that lets cardholders redeem for merchandise, transportation, travel,…
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