How to Keep Your Credit After Bankrupcy
Posted on December 30th, 2009
Most worry about their credit after bankruptcy due to various unpleasant incidents that has occurred in the financial world in the last decade. People worry whether they can keep their credit card, get new credit or whether their credit record history is ruined.
Credit cards following bankruptcies should be declared as debt without which it becomes a federal offence to hold such finance facilities. But if you are on the minus side where you don’t owe any credit company, then you need not inform anyone Nevertheless, the real life scenario is very much different. N
Best CD Rates Remain Steady This Week After Improved Holiday Shopping Season
Posted on December 30th, 2009
With the holiday season almost over, we already have seen a lot of improvements in the economy. Holiday spending has increased by 3.6 percent thus far, and while these are not final figures, as there will be returns and people will still be continuing to shop, it might mean that consumers will have a few positives to look forward to in 2010. One negative that is yet to be fixed is the dismal job market.
Mortgage rates have been a record lows as well, however with many economists expecting the Federal Reserve to start increasing interest rates this year, that may change.
Comparing Student Loan Types and Borrowing Limits
Posted on December 29th, 2009
Finding an affordable student loan package is important for any college student. Even before attending college or university, students have to consider the difficulties and costs they will encounter when faced with their student loan repayment after graduation. Most students will opt for federal funding but realize quite quickly that they have their limits. This results in students seeking supplemental funding from other sources.
Consumers Should Be Wary As Home Prices Flatten Out
Posted on December 29th, 2009
After making gains earlier this year, home prices have flattened out since October. The S&P/Case Shiller Home Price index, which tracks 20 of the largest metropolitan areas in the nation, remained unchanged in October. This comes after four consecutive months of gains. It should be noted that the index is 7.3% lower when compared to its level 12 months ago.
Government Tax Credit
Out of the 20 cities recorded, only seven of them had gains from a month earlier. Most of these gains were due to the government assistance such as the tax credit that spurred on demand for houses.
Why is my Credit Score so Low?
Posted on December 29th, 2009
When we have a low credit score it is harder to do things in life. We may notice that it is harder to get loans, we aren’t trusted as much when it comes to money, and the interest rates we get on things is usually higher than we’d like or higher than someone with good credit. Your credit score affects you tremendously and can just make situations harder.
If you’re looking to improve your credit score you first need to realize why it’s so low. Listed below are a few reasons your credit score may be lower than you’d like.
Reasons for a low credit score:
Debt - First of all, debt is one of the main reasons for a low credit score. If your credit card has thousands of dollars on it that aren’t paid off yet, you’re instantly going to have a lower score than someone with little to no debt.
Young age - This isn’t something you can control, but if you’ve had a credit card open for just a year or two you’re going to have a lower score. You don’t have enough credibility yet, and the lower you accounts are open, the more you can prove better credit.
Credit cards open - If you have too many credit cards open, your credit score will drop. Simply because the more credit cards you have the more debt you can pile up. This calls for more problems when companies look at you.
Late payments - If you are bad at paying off your credit card on time, expect to have a lower credit score. It means that you’re not “responsible”, and can’t handle paying off your credit cards. If you can’t do this, most companies aren’t going to want to lend you money because they’ll expect you to pay them late as well.
Closing cards - Closing too many credit cards is another reason for bad credit. The card that you may have had for 10 years that is giving you the little bit of good credit can really drop your score if you close it.
There are a few different reasons for having a low credit score. If you’re dropping to the 500’s and below, you really need help. Pay off your debts, don’t open anymore accounts, and maybe get some help from a professional.
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News Corp.’s ‘Avatar’ and ‘Alvin and the Chipmunks’ Had a Great Weekend
Posted on December 28th, 2009
Shareholders of News Corp. (NWS) are probably happy this Monday as two of the company’s films — Avatar and Alvin and the Chipmunks: The Squeakquel — did very well over the three-day holiday weekend.
James Cameron’s Avatar topped the charts at domestic theaters, pulling in an estimated $75 million, according to Box Office Mojo. If the project can continue to attract moviegoers in large droves, as well as propagate a lot of repeat business, then it should break even before it hits other distribution channels.