From the category archives:

Financial Safety

Will your ARM adjust this year? Don’t Worry…Be Happy

If your mortgage is set to adjust this year, the smart move may be to let it. Today’s conforming mortgages are adjusting lower than ever before — as low as 3 percent. It may not be what you expected when you signed for your ARM several years ago.

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Don’t be like that guy!

WARNING: This a graphic story of the financial destruction of an otherwise financially successful man. Here’s a secret for you – your credit score will go down every time you do something that people did previously just prior to defaulting on their debts.  The credit scoring model is trying to predict the likelihood of you [...]

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Credit Cards’ Ugly History

Credit Card interest can eat your financial lunch, if you let it.  The average interest rate on credit cards over 12%, and there is almost $1 Trillion in outstanding credit card balances. Some quick math yields over $120 Billion spent annually on credit card interest.  Since Interest on Credit Cards are not tax deductible, Americans [...]

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Improve your credit score – too much credit?

When you got a copy of your credit report (www.annualcreditreport.com) last week, I asked you to count your tradelines.  If you didn’t get your credit report yet, read this post first on how & why.  If you have been using credit for more than 10 years and have no late payments, you are at a [...]

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Improving your Credit Score – Step One

Know what you are working with! Image via Wikipedia If you haven’t seen your credit report in a while, get a copy now.  There is only one place for a truly ‘Free’ report – but it comes with a catch – www.AnnualCreditReport.com will give you a copy, but the catch is you have to pay [...]

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