Home

Content about Interest

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 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.

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.