Credit Score Basics
Posted on April 28, 2008 - Filed Under Credit | Leave a Comment
Your credit score is very important and you should know the basics of it. The credit score you have is in your credit report. Your credit score is determined on the amount of debt you carry and your repayment of loans history. Your amount of available credit that you have will also be looked at in determining what your credit score will be.
Usually credit scores are in the range of 350 to 800. The average credit score is around 600. If you have ever been referred to a credit agency or you have defaulted on a loan it will have a negative effect on your credit score. One of the worst things that can happen to your credit score, in terms of lowering it, is if have ever filed for bankruptcy.
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Disadvantages of a credit card for bad credit
Posted on April 28, 2008 - Filed Under Credit Cards | Leave a Comment
Many people that have bad credit can still get a credit card with a bad credit card. While a bad credit card can be good for people who are looking to rebuild their credit there are some drawbacks to a bad credit card.
Here are a few drawbacks of carrying a bad credit card that you should be aware of.
* They will have a High Annual Percentage Rate (APR) - A bad credit card will have very high interest rates. For people that are looking to repair their credit they need to make sure to play the balance off, because of such high APR’s. If you miss payments the interest will just add up and you will be worse off and your credit score will go down quickly.
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Gold as a Hedge Against a Declining U.S. Dollar and Rising Inflation
Posted on April 26, 2008 - Filed Under Investing | Leave a Comment
The thought that gold has preserved wealth is very vital these days in an economic environment where investors deal with a declining U.S. Dollar and rising inflations. The rise in inflation in the economy is due to increased commodity prices. If we look at history gold has served as a hedge against both of these scenarios, which are occurring today. As inflation rises gold will generally appreciate. When investors come to the realization that their money is decreasing in value, they will begin to position their investments in a type of hard asset that has, usually, maintained its value. The 1970’s is a perfect example of how gold prices will increase, while inflation is on the rise.
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Buying Stock without using a Broker
Posted on April 25, 2008 - Filed Under Stocks | Leave a Comment
Even though the most popular way to buy and sell investments is to open a brokerage account it is not a necessity when it comes to buying stock. A lot of people that invest do not know that there are alternatives in the way that they buy stocks and mutual funds. Working with a reputable broker has some advantages it can be better, in certain cases, to buy stock directly without using a broker.
Here are three ways that you can buy direct stock without using a broker.
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How Foreclosure Investing Works
Posted on April 25, 2008 - Filed Under Investing | Leave a Comment
You may have heard that foreclosure is a great way to make some money. There are a lot of people the world over that have made a significant amount of money with foreclosure investing. You can take advantage of this, but the first thing that you need to do is learn the basics of foreclosure investing.
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GE Warns Again Of Tough Times
Posted on April 24, 2008 - Filed Under Stocks | Leave a Comment
Less than two weeks after General Electric (GE) shocked investors by reporting a 6% loss in first-quarter profits, CEO Jeff Immelt said Wednesday that he sees “even more difficult times ahead” for the economy.
GE’s first-quarter earnings report triggered a plunge that wiped out more than $46 billion of its market capitalization and saw the company’s stock fall nearly 13%.
The earnings report surprised many analysts because Immelt has promised investors in March that the company would achieve a 10% earnings rise in 2008. After this month’s drop in earnings, GE lowered its projected earnings to 5% or less
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Real Estate Investing – The Basics
Posted on April 21, 2008 - Filed Under Investing | Leave a Comment
Investing in real estate can be quite straightforward and the reward from investing well can be significant. Here are a few of the basics in terms of real estate investment.
You should learn about various real estate investing strategies and how to both set and plan the goals you have. The thought behind real estate investing is that your money is used in a way to give you the best chances to turn a profit. You should have the knowledge of the basics of real estate investment before you invest any of your money.
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Why Credit Crisis Means Lower Tuition Rates
Posted on April 20, 2008 - Filed Under Credit | Leave a Comment
The Boston Globe this past week had several articles on the changing student loan landscape. It seems that the mortgage crisis has spread to the student loan sector and more than 50 lenders have left the market for federally backed student loans in recent months.
Last week Citigroup, one of the largest private student loan lenders, said it would stop lending at some schools and end its federal loan consolidations.
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Online Investing is Very Popular These Days
Posted on April 18, 2008 - Filed Under Investing | Leave a Comment
Investing online is now very popular these days. But you should be aware that because it is very easy to invest online to bite off more than you can chew if you do not know the market, which will only grow in the upcoming years.
If you meet various constraints investing online is worth it. It is very popular and for many people investing online is like playing poker but it is not simple to do. It can be, in fact, very intimidating without being knowledgeable about the subject. Investing online is a good way that you can control your financial future, but you have to be a little careful. Make sure that when you invest money online it is not simply a gambling problem but you are making sound investment decisions.
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Gold Gains as U.S. Dollar Falls
Posted on April 16, 2008 - Filed Under Commentary | Leave a Comment
Gold features finished a tad higher on Monday, as the weak U.S. Dollar underpinned the demand for the metal. Gold for a June delivery rose $1.70 to end at $928.70 for an ounce of gold on the New York Mercantile Exchange. Gold gave up a majority of its early gains while the Dollar pared its losses. On Monday gold reached a high of $934.50.
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