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 »

Credit Unions Look to Lower Student Loan Debt

November 04, 2011   Daniel Murphy   No comments

The average consumer is saddled with $29,985 in student loan debt, according to recent Credit Karma data. That’s an increase of 6% over last year. Pair those figures with a weak economy and a slow job market and the outlook is grim for many young adults. In light of this trend, President Obama has announced new measures to make student loan debt easier to repay. Some of his proposals include capping loan payments to 10% of a borrower’s income and offering debt forgiveness after 20 years of payment instead of the present 25 years.

Unfortunately, these rules only apply to federal loans. To

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  Tags: Debt, Loan Debt, Student Loan, Student Loan Debt

Visa, MasterCard Want to Link Your Purchases to Ads

October 25, 2011   Daniel Murphy   No comments

What you charge on your credit card eventually may determine what ads you see online, according to a new report.

The Wall Street Journal obtained documents indicating that Visa and MasterCard are working on strategies to link Web users with credit card purchases.

Online browsing habits have long been used to help target ads to consumers, and both Visa and MasterCard already anonymously analyze the billions of transactions they process each year.

However, linking personal purchases to ads tailored to individuals takes the technology to the next level.

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  Tags: Ads

Battle For Mortgage Customers Intensifying

October 24, 2011   Alexander Stewart   No comments

Australia’s largest lenders are aggressively competing for customers in the mortgage segment, cutting interest rates as the lending in the sector dries up. Fixed rates mortgage borrowing costs have fallen by as much as 2/3rds of 1 per cent over the last couple of months as ANZ, CBA, Westpac and NAB all seek new customers.

Canstar Cannex a research firm published data which suggests that variable rates have also fallen by as much as 15 basis points based on a $250,000 mortgage.

Mitchell Watson, a spokesperson for Canstar said that competition in the mortgage lending space is intensifying as the number of borrowers fall against a backdrop of a turbulent economy.

The largest customers, that is to say those with deposits or loans valued at over $500,000 typically get the best deals according to Canstar.

“They are fighting each other for new customers or to get people to switch. The

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  Tags: Customers, Customers Intensifying

Which Credit Card is Best for Building Credit

October 21, 2011   Daniel Murphy   No comments

Why do you need to build up credit? Nowadays, having good credit is a must if you want to be able to afford having all the necessities of life without any hassle. Having credit denotes that you are financially responsible and, therefore, reliable. You need good credit to buy or rent a car, buy or rent a house, to set up utilities, and to obtain loans, among other reasons. But how do you build credit nowadays, when every financial institution requires having credit already in order to be approved for a credit card?

This is a question many people ask themselves constantly, because it is so hard to obtain the approval of a credit card company with no history at all.

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  Tags: Credit

Existing Home Sales Decline

October 20, 2011   Alexander Stewart   No comments

Existing home sales fell in September, but remain well ahead of their pace of one year ago, the National Association of Realtors (NAR) has reported.

Completed sales of previously owned homes were down 3.0 percent for the month, to a seasonally adjusted annual rate of 4.91 million units. That represents a 11.3 percent annual increase over the September 2010 level of 4.41 million units.   Sales figures for August were also revised upward to 5.06 million units, up 5.03 million reported last month.   September’s rise occurred despite reduced purchasing activity by investors, who accounted for 19 percent of all sales, down from 22 percent in August. Dis Read the full post

  Tags: Existing Home, Existing Home Sales, Home Sales, Sales

Fee Uproar Sparks Online Banking

October 10, 2011   Alexander Stewart   No comments

Savings Accounts and Money Market Rates provided by 10 October 2011 American banks have taken some heat recently over the decision to increase fees on services that have traditionally been free. DailyFinance.com reports that one of the unintended effects of the move has been a sudden increase in interest in online banking.

PerkStreet Financial, an online bank founded in 2009, told the news source that it saw its daily activity double when the announcement from Bank of American came on Friday, September 30.

“The Bank of America news woke everyone up and spurred change,” Dan OMalley, PerkStreets chief executive officer, told DailyFinance.

Though online banks like PerkStreet have some limitations in terms of customer service and certain physical transactions such as checking, the move has so far allowed them to maintain some of the benefits that customers have been outraged to lose at larger banks. Read the full post

  Tags: Fee, Fee Uproar
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