Category Archives: Credit Cards

Don’t Be A Victim Of Identity Theft

I used to live with a woman who’d had her identity stolen. She lived in her own home. She helped out this homeless woman and let her live with her for a few days or weeks. This woman stole her … Continue reading

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The Credit Card Accountability Responsibility and Disclosure Act of 2009 Is Not A Bailout

This is hilarious. Is it a sign of the times? Many people think that the The Credit Card Accountability Responsibility and Disclosure Act of 2009 is a bailout. They think the federal government will bail them out of huge credit … Continue reading

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The Return Of Credit Card Offers

After three years of dramatically reining in their offers of credit cards, banks and other lenders are back in the game, says a big article in the New York Times this past weekend. Lenders are more careful than ever. They … Continue reading

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The Best Explanation I’ve Read For Credit Scores

Diane Tuman nails it! Do not think about your credit score as a credit score but as a relative credit ranking compared to the rest of the population. Lenders need to know the odds on your paying your bills on … Continue reading

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Realtors Seek Revision To FICO Score

I hate getting letters from my credit card companies saying they are reducing my available credit. It feels like a big slap in the face. Don’t they know who I am? Other credit card companies have gone bankrupt, such as … Continue reading

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Credit Card Users Down By 8 Million

I don’t know about you, but credit cards have got me through some tough times. In 1995-1996, I lived off credit cards while writing my first book. It took me until the Spring of 2000 to pay them off. Since … Continue reading

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Helping Your Child Develop Good Credit

It’s pretty simple. Add his name as an authorized user of your credit card. This will help him build up his credit score and will make it easier for him to get loans, including mortgage loans, in the future. New … Continue reading

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How The Credit Crisis Has Hit Me

In early 2008, though I was only earning about $1200 a month at the time, about a $1,000 a month less than my living expenses, I had access to about $100,000 worth of credit via various credit cards. More credit … Continue reading

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Economist Thomas Sowell Examines The Housing Boom & Crash

I’m reading this new book by economist Thomas Sowell — The Housing Boom and Bust. Read On For more than a decade, US newspapers have editorialized that banks are more conservative than they should be about lending money to blacks. … Continue reading

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A Refinance On A First Mortgage Will Typically Cost You $2,000 To $4,000

Those are upfront fees. It’s usually not a good idea to refinance your mortgage to pay off student loans. Such loans have a lot of flexibility and fewer penalties than other types of loans. If you can get a Home … Continue reading

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