Archive for June, 2007
Subprime Borrowers - Credit Card or Mortgage Payment
June 27th, 2007The Experian Group recently conducted a study where they found out that within recent years, people were more willing to pay their credit card bills on time as opposed to their monthly mortgage payments.
The main reason for this new trend may be due to the increasing number of subprime borrowers who are less worried about foreclosing on their homes. […]
Before you use “Bill Me Later,” Read This!
June 17th, 2007
You’ve probably seen the “Bill Me Later” payment method on various internet stores and shopping sites. By using this payment option, you can bypass inputting your credit card information at checkout. Instead you are sent an invoice through the mail.
What you may not know about this payment method is that it comes with a 19.99% APR if you are […]
Compounding Interest vs. Simple Interest
June 13th, 2007If you’ve never heard of compounding or simple interest, you should take a minute to read this post. For those who have credit cards, take time to understand what the credit card companies are charging you on a monthly basis.
Compounding interest is interest that can be added to your principal balance. The interest that is added […]
What makes up a FICO Score?
June 12th, 2007
As most of you may know already, the FICO Score is what creditors and lenders look at in order to assess the risk of granting credit or lending money. But how does the credit bureaus come up with these credit scores?
Here is the general breakdown of how a FICO Score is extracted from a consumer’s credit report:
Payment history […]
AGLOCO - Newest Money-Making Craze!
June 8th, 2007
Finally, its come…I have been anticipating the release of the AGLOCO Viewbar for months! For those who have never heard of AGLOCO, here’s a little introduction. AGLOCO was started by a group of Stanford graduate students. The purpose of AGLOCO is to tap into the billion-dollar industry of internet advertising.
The way it works is simple. You […]
Last Read: “Why We Want You To Be Rich”
June 1st, 2007
I just finished reading ”Why We Want You To Be Rich“ by Robert Kiyosaki and Donald Trump. As you may already know, both individuals are very rich and successful business people who have written “Best Selling” books.
Robert Kiyosaki is best known for his “Rich Dad” series of books, financial teachings, and his Cashflow board games. Donald Trump needs […]
