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credit

This tag is associated with 9 posts

The Financial Mess Is Good

By ⋅ October 30, 2008 ⋅ 2 comments

It’s kinda weird to talk about, in light of what’s going on in my life, but in a strange way this credit mess can actually be a good thing, if you look at it with the right perspective. Up until now, credit has made up a large portion of our GDP.  It’s been a big [...]

How Do They Pay You To Use a Card?

By ⋅ October 15, 2008 ⋅ 2 comments

Have you ever sat back and thought about where the money comes from to pay you points, to give you cash back, etc.? I always knew that credit companies made money on interest—because they’re betting that you won’t pay your card off each month.  What I didn’t always know is that merchants pay a percentage [...]

Being Out of Debt Brings Peace in the Storm

By ⋅ September 27, 2008 ⋅ Post a comment

I’m sorry, but I’m having a lot of trouble wondering why it’s a big deal that banks will be able to give out less credit.  To me, this whole sub-prime mortgage crisis is something that we’ve brought on ourselves. I’m actually one of the ones that has benefited from these risky loans.  I did not [...]

How’s Your Financial Health?

By ⋅ September 12, 2008 ⋅ 6 comments

So, this morning I was presented with a chance to go through some questions about my fiscal health.  Getting out of debt was an extremely freeing experience that I recommend for everyone.  Contrary to the image at the right, I received a 92% A from billsIQ for my financial health—but they reminded me of a [...]

Having Trouble Getting Out Of Debt?

By ⋅ August 7, 2008 ⋅ 6 comments

Times are tight.  With the dollar inflating, gas prices temporarily going down (but having been higher than they have been in a long time) and the cost of food going up, people who have been living near the edge are finding themselves digging a deep hole as they attempt to live “the American dream”.

Should You Ever Get a Credit Card?

By ⋅ June 5, 2008 ⋅ One comment

The recent rise in gas prices has actually got me thinking about credit cards again.  Yes, I am generally negative on credit cards, and yet I still hold one open. It’s not that I’m down on credit… I’m down on what credit does to the mind.  Credit tends to let a person believe that they [...]

Payment Protection Will Fail You

By ⋅ March 10, 2008 ⋅ Post a comment

As many of you know, I am credit card free.  There are many reasons why you too should go this way.  I know that many of you keep credit cards for emergencies– and that is exactly the time that you should not use a credit card. One of the ways that credit companies attempt to [...]

Protecting Your Good Name

By ⋅ February 6, 2008 ⋅ Post a comment

By now I’m sure you’ve all heard of Identity Theft, but did you know that most times Identity Theft is done by someone you know?  Most of the time we get the image of some computer hacker catching our information across the web, but more people lose their identity through the trash and through household [...]

Learning a Lesson About Money the Hard Way

By ⋅ January 16, 2008 ⋅ Post a comment

If you follow what’s going on in the financial world at all, you know that there is currently a crisis in the housing industry surrounding Adjustable Rate Mortgages (ARMs) and subprime mortgages (those given to people with poor credit). These loans are hurting banks both foreign and domestically, and it’s also causing buyouts and stock [...]

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