Financing FAQ

Get Complete Finacial News Coverage! Free Financial Industry Newsletter

Bernanke Gets Reappointed, Apple’s iPad is Launched, and CD Rates Rally This Week

Posted on January 29th, 2010

A lot of things transpired this week with Ben Bernanke’s reappointment as Fed Chairman finally coming through after a brief period of uncertainty, Apple’s launching of its much-hyped about iPad which sent the company’s stocks into overdrive, and President Obama first State of the Union address where he acknowledged the challenges that the nation still faces and called for bipartisanship among the country’s political leaders.

Interest Rates Stay Low

One thing that remains unchanged however, is the Fed’s resolve to keep rates at extremely low levels. Even whil

Read more…

No Comments »

California Auto Insurance – What You Now Need and Savings Coming Up

Posted on January 29th, 2010

As with most states, California state car insurance law requires all motorists to carry 3 fundamental liability components.

Bodily Injury Liability or BIL of $ 15,000 per person

Total Bodily Injury Liability (Total BIL) of $ 30,000 for each accident

Property Damage Liability or PDL of $ 15,000 / accident

The insurance industry refers to this as 15/30/15.

But to rely on this coverage alone, would be sheer foolishness. Multi-car collisions & legal fees commonly boost the cost of an automobile accident into the hundreds of thousands of dollars. If you’re to blame and you’ve opted for the minimums, you personally, are now liable for the shortfall. Now

Read more…

No Comments »

Lowering Credit Card Balances

Posted on January 29th, 2010

Significantly lowering your credit card balance can be like coming from behind to win the Super Bowl.  If you are thousands of dollars in credit card debt you may look at the score board and think there is no way out.  But think about some of the greatest comeback football games you’ve seen and you’ll know there is always hope.

Play Good Defense

Football players know you can’t win if you are behind in the game until you stop the other team from scoring. The sam Read more…

No Comments »

Toyota Facing Huge PR Problem After Recalls

Posted on January 29th, 2010

In light of Toyota Motor Corp. (TM) string of recalls recently, one can wonder what the large automaker is going to do in the U.S. to salvage its reputation. Toyota, as far as this writer can recall, has never seen a model-variety recall like this in its history. So much is wrong that the world’s largest automaker has halted production of eight separate vehicle models until it finds out just what is causing some of them to accelerate uncontrollably.

Five assembly lines that help build these models are being suspended as of Monday, and Toyota has sent messages to 1,200 U.S.

Read more…

No Comments »

Apple iPad Tablet Re-Enlists AT&T and Launches iBook, Disappoints Some Gadget-heads

Posted on January 28th, 2010

Practically before Steve Jobs finished talking at the Apple Event in San Francisco today, already people were taking sides about whether it lives up to all the hype. While the iPad will probably sell simply due to the following it has received with all of this buildup, the prices and a lack of some key features have left some people unimpressed.

The Good

A Kindle Killer

One thing that could be bad news for Amazon is that Apple announced the iBook store along with the iPad, meaning that it essentially becomes a e-reader on top of its other capabilities.

Read more…

No Comments »

Watch Your Back: 8 Up and Coming Credit Card Fee-Creep Tricks

Posted on January 27th, 2010

February 2010 is almost upon us, which means the CARD Act is about to kick in to full effect. Of course, the credit card companies haven’t been resting on their laurels, waiting for the government to take away their moneymakers. They’ve been thinking up creative ways to sneak in extra fees and charges without you knowing. With a little vigilance, you can catch some of these – and even prevent them. Read on to find out how credit card companies are getting more of your money in 2010.

Paper Statements

All “Go Green” sentiments aside, it’s in the credit card companies best interests to forgo paper statements because it costs them in postage and supplies. To recoup t

Read more…

No Comments »