credit-history

Rules for credit history improvement

If you have a low credit score (about 700), you may become in situation when you need to pay thousands more in the interest of any new credit you are allowed. Of More »

best credit card

Choosing the best credit card

A lot of companies, for example Visa and Citibank, propose reward credit cards. All cards have their own advantages and the customer must verify the characteristics of each card before selecting the More »

CreditCard1

Do you know more easier way to shop than credit cards?

We shop every day. And evidently that’s the reason of this review. For those who do not have the slightest idea until then, let me have the privilege of presenting the topic More »

credit card shopping

Credit cards provide you the convenience and quickness of shopping

A credit card is a practical resource and an excellent substitute for paper money. Instead of carrying large bundles of cash, a credit card proposal is a much better every day when More »

Sound Advice from Unlikely Sources: The Avengers and Credit Card Debt

May 16, 2012   Daniel Murphy   No comments

Last Saturday, I went to see my first superhero movie ever. Yes, you read that right. I have never seen “Superman,” “Spiderman” or any other superhero film. But when my friend invited me to go see “The Avengers,” I figured that there would not be a better superhero movie to start with; it’s chock- full of superheroes, like the Hulk, Iron Man and Captain America. The movie did not disappoint!

But not only is “The Avengers” full of jaw-dropping special effects and hilarious one-liners, it’s also a great source of financial advice. (Thats what we do h

Read the full post

NAB Sees Profit Tank On UK Businesses

May 16, 2012   Alexander Stewart   No comments

After announcing a $305 million restructuring of its UK operations and job cuts numbering 1,400, Australian banking major NAB has seen its share price fall.

The lender recently announced a loss on its UK business for the half year ending March 31st resulted in a 15.6 drop in its own half yearly profit, which came in at $2.05 billion.

NAB says it will spend $305 million streamlining its UK operations, and will focus on both business lending and retail banking.

Read the full post

  Tags: Nab, Nab Sees

Short sale and tax consequences

May 10, 2012   admin   No comments

Q: Do I have to pay tax after a short sale? I am selling my house short and the neighbor told me that the IRS requires lenders issue form 1099C for all debt that was forgiven. In my case, it is almost $70,000 and paying taxes on that much will be impossible.

A: Is this short sale on your primary residence? If yes, you should be fine, because The Mortgage Debt Relief Act of 2007 does not consider forgiven debt on your principal residence as a taxable income for either short sale or foreclosure. It also applies for debt reduced through mortgage restructuring. This provision is valid for up to $2 million in debt for a married couple, forgiven from 2007 through 2012.

Read the full post

  Tags: Short Sale, Tax

5 Tips for a Smooth Balance Transfer

May 08, 2012   Daniel Murphy   No comments

Hi Eva,

I have just over $3,000 in debt on my credit card, which has a $4,000 credit limit. I’m thinking of doing a balance transfer to a card that has 0 percent interest for a year. All my debt is from emergency car repairs and other bills when I didn’t have a job.

I have a job now, and it’s my plan to transfer the money over and wipe out the debt well before a year is up. What should I do with my old card? I know it would be bad to close it, but should I make purchases on it every once in a while? Also, since I’ve never done a balance transfer before, do you have any advice for me on what to watch out for? My FICO

Read the full post

  Tags: Balance Transfer, Transfer

Overall Home Prices Show Gain

May 05, 2012   Alexander Stewart   No comments

U.S. home prices posted a small gain in March, their first overall increase in eight months, according to figures released today by the real estate data firm CoreLogic.

Including foreclosures and other distressed sales, home prices in March were up 0.6 percent over their February level, their first overall gain since July 2011. Excluding distressed sales, prices showed a 0.9 percent increase.   It was the third monthly increase in a row for prices of nondistressed homes. On an annual basis, prices on nondistressed homes were up 0.9 percent from March 2011. When foreclosures and other distressed homes are figured in, prices showed an annual decline of 0.6 percent over the previous 12 months. Read the full post

  Tags: Gain, Home Prices

Can I settle with credit card company with no late payments?

May 05, 2012   admin   No comments

Q: Pulled credit scores through myFICO, and I have 752 and 779. I have 5 relatively small credit card balances, all under $1,000, and one large one for $17,800. I want to settle with credit card company for around $3,000. If they accept this offer, I would be able to quickly pay off the remaining credit cards. Will a credit card company settle if I have never been late with payments? I do not want to stop paying to preserve my scores. Right now, I am only able to pay the minimum monthly payments, and at this rate it will take forever. At the start of 2010, my salary dropped by $16,000 and I have lived from paycheck to paycheck. And things can get even tougher for me.

Read the full post

  Tags: Card, Credit Card
Page 1 of 9212345...102030...Last »