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March 14, 2011
Credit Card Accountability, Responsibility and Disclosure (CARD) Act.

CARD legislation affects all credit card consumers starting in 2010. This act goes into effect in February 2010. Changes resulted from this act are intended to make it easier for you as a consumer to manage your credit card accounts.

CARD legislation affects all credit card consumers starting in 2010. This act goes into effect in February 2010. Changes resulted from this act are intended to make it easier for you as a consumer to manage your credit card accounts.

While each credit card company will respond with its own changes to address this legislation, here is the brief summary of what to expect.

 

 

 

 

March 11, 2011
Debt Consolidation Options

If you have too much consumer debt, you probably have looked into companies offering debt consolidation services. There are thousands of debt consolidation companies out there promising to wipe out your debt overnight but reality suggests otherwise. Most of these companies promise "Easy Monthly Payment Plans" with reduce payments and lower interest rates.

If you have too much consumer debt, you probably have looked into debt consolidation. There are thousands of debt consolidation companies out there promising to wipe out your debt overnight but reality suggests otherwise. Most of these companies promise "Easy Monthly Payment Plans" with reduce payments and lower interest rates.

March 10, 2011
Understanding Your Credit Score Aka FICO Score

Credit score rating system is meant to develop a snapshot of the risk you currently represent to a lender. Several parameters in your credit file, including length of credit history, number of open accounts, loans, mortgages, public records, and others are formulated to produce a three-digit score between about 300 and 850.

March 7, 2011
Dave Ramsey - Credit Card/Debt Collectors are SCUM

Truth about debt collectors and debt collection companies.

February 24, 2011
APR vs. APY | What is the Difference Between APY and APR?

APR and APY are two very different terms used in interest calculations. It is very easy to get confused even if you're financial savvy.

APR and APY are two very different terms used in interest calculations. It is very easy to get confused even if you're financial savvy. Remember, not understanding the proper financial language and terms can cost you money. This article attempts to clear up the difference between APR and APY and should come in handy when you shop for a loan or looking to deposit money in a saving or money market account.

February 21, 2011
Wealth Accumulation Strategies

A successfully wealth management strategy requires realistic and useful financial goals. Your financial goals are the signposts on the road-map to a secure financial future.  

February 21, 2011
What Factors Affect Your Credit Score?

Credit rating systems all have the same objective, to determine the borrower's potential risk. Regardless of whether the score was generated by FICO or a system based on FICO parameters, they all yield an industry standard three-digit score. 

Credit rating systems all have the same objective, to determine the borrower's potential risk. Regardless of whether the score was generated by FICO or a system based on FICO parameters, they all yield an industry standard three-digit score. This score places the borrower in one of three main categories - Prime, Sub Prime and at Risk.

 

February 10, 2011
Successful Budget Planning

Anyone can create a budget but very few succeed in what they set out to do. One of the critical pieces of a successful budget planning is to clearly separate your "needs" and "wants".