Posted in Credit, Investing, Stocks, REITs on Apr 9th, 2008 2 Comments »
I’ve been under the impression that after the collapse of the residential real estate market, the commercial real estate market will follow.
My assumption is three fold:
1. Unemployment is much higher than is being reported.
2. Consumer spending will drastically slow down.
3. There will be a credit crunch regarding mortgages for commercial lending
Posted in Credit on Feb 3rd, 2008 2 Comments »
Todays guest post is about optimizing your credit card expenses and making sure you don’t get hit with hidden fees.
Consumer Reports says that Americans shell out $31 billion in credit card fees every year. However, most consumers don’t even know these fees exist until they show up on their statement. Don’t let these fees sneak up on you; read about these 5 hidden credit card fees that you might be paying right now.
Posted in Credit, Finance on Apr 6th, 2007 10 Comments »
Your credit score is the single biggest factor in dictating the financial aspects of your life. Your credit score, or FICO score as mortgage lenders like to call it, can be the difference between getting a good home loan (or getting the loan in the first place) and having low payments or being stuck with high mortgage payments. A higher monthly payment means you qualify for a smaller loan and results in you buying a cheaper (and probably smaller) house. With the recent implosion of the sub-prime market, lenders are tightening their standards and its becoming more difficult for people with bad credit to get loans. This makes it even more critical to improve the magic number. From a wealth building perspective, its also important as it provides you with a wider range of options when making financial decisions.
Posted in Credit, Finance on Mar 1st, 2007 2 Comments »
A lot of people get checks in the mail from their credit card companies. They often advertise 0% APR or some low teaser rate. What many people don’t realize is that the fine print is where the credit card companies get you.
Posted in Credit, Finance on Feb 28th, 2007 5 Comments »
For many people the ability to borrow $500 to fix the car or $200 to cover an emergency can be useful and is often highly appreciated. If your credit is bad (and even if its not) banks can be difficult and time consuming to deal with. The easiest and quickest solution is to get a pay-day loan.
And now you no longer need to go to one in person. Just do a search online and you’ll see thousands of online pay-day loan sites. However, you need to be aware of the draw-backs to using these online sites.
Often, since they’re outside your state, they won’t follow your state regulations. In case of a dispute, this can be a problem.
