Almost a year ago, we wrote about the new FICO 08 scoring model that was initially planned for roll-out at the latter part of 2008. Besieged with lawsuits between its creator, Fair Isaac, and the three largest credit bureaus, the kickoff for the much anticipated new system is now slated for early 2009. For […]

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I suppose you think we’re kidding– and you are mostly, although not completely, correct. But the small portion that does ring true in this Blog Title is too sad to ignore and with colleges and universities increasing tuition and fees an average of 7% a year, even more pathetic.
A recent article in the New York […]

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The world is in recession, various segments of the economy either skyrocketing or the bottom is dropping out– it’s hard to imagine there are any valid reasons to take on the responsibility of home ownership with all the catastrophic economic news the media feeds us on a daily basis. But perhaps these are precisely the […]

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My sister works for a financial services company and seems to always be on the money, if you’ll forgive the pun. Last night she was explaining a few things to me about 401Ks, and I thought it would make a great blog post. I may know a thing or do about credit […]

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With the credit crunch continuing the tightening of the noose on lending buyers need to be diligent and perhaps even creative at finding financing for home purchases. I suppose borrowing money from the U.S. Department of Agriculture (USDA) would fall into the creative category; don’t they regulate foodstuffs, crops,  porky pig or something of that […]

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I recently ordered my annual free credit report and just about jumped out of my skin initially as I reviewed the inquiries section– I didn’t recognize the half of them!
Fortunately, the lengthy list of inquiries I didn’t recall were simply “soft inquiries”, and therefore not going to be included in calculating my credit score. But […]

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The Wall Street Journal reported on Sunday that Fannie Mae announced that they will allow tenants to remain in their homes and avoid eviction, even if the property’s landlord is facing foreclosure. The new rules are expected to take effect on January 9, the expiration date of an earlier initiative announced by both Freddie Mac […]

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In a year when any headline involving the term “credit” has been overwhelmingly negative, it seems that consumers may see some good news associated with credit shortly.
New rules which were proposed earlier this year would prohibit credit card companies from increasing rates at will, with some exceptions such as those that apply to people who […]

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Planning on traveling for the holiday season but still looking to save a few pennies wherever possible? If you’re renting a car, you’d be surprised at how many hidden fees you may be hit with. Here are some tips on reducing your car rental bill down to the bare minimum.

Skip […]

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The ironic thing is, the people who have the best chance of qualifying for credit cards with the lowest rates are the ones that probably won’t even use them! As a consumer with an excellent credit score myself, I admit I pay no attention to the interest rate offered by the card or the potential […]

Popularity: 13% [?]

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