I have long felt that unless you really know what you are doing, you are highly unlikely to get the best advice on what to do with your money from anyone who wants some of it. If someone advising you knows that a particular decision on your part will increase their income, or advance their careers, they will almost always be unable to give you objective advice, even if they try.
[...]; . . . → Click Here to Read the Full Article
|
|||
|
The three major credit reporting agencies (CRA’s) all give each of us a credit score, and those scores compete with a score created by the “Fair Isaac” company called your FICO score. Most major banks [...]; . . . → Click Here to Read the Full Article The typical consumer attitude about the housing market reminds me of the Republican Congressman who said, during the famous Watergate scandal that brought down Richard Nixon: “Don’t bother me with the facts, my mind is made up!” [...]; . . . → Click Here to Read the Full Article Freddie Mac, the government-favored mortage company, reports that the average interest rate for 30-year fixed rate mortgages has risen to 6.37%. This is highest rate since September 2003, when rate was 6.44%. Rising rates [...]; . . . → Click Here to Read the Full Article First American Real Estate Solutions, a unit of title insurer First American Corporation, released a study of households that originated Adustable Rate Mortgages (ARMs) in 2004 and 2005. The Wall Street Journal reports that the [...]; . . . → Click Here to Read the Full Article Rising interest rates (prime has climbed from 4% to 7.5% in three years) appear to have convinced many home owners to forego revolving home equity loans, which often base their interest rates on prime. Federal Reserve data [...]; . . . → Click Here to Read the Full Article Outstanding consumer debt (mostly car loans and credit card balances) is up 27% over the past five years, although inflation was up only 13%. [...]; . . . → Click Here to Read the Full Article It is sobering to think that Americans owe nearly a trillion dollars on high interest credit card loans. [...]; . . . → Click Here to Read the Full Article Ben Stein, conservative commentator for CBS Sunday morning, started my day with a depressing piece on the lack of savings held by the Average Baby Boomer (“ABB”– roughly people born between 1947 and 1964). He [...]; . . . → Click Here to Read the Full Article About two months ago, a friend got a letter in the mail from the bank that issued his credit card. It said that they were raising his interest rate from 11.99% to 19%. He [...]; . . . → Click Here to Read the Full Article |
 Discover® Student Clear Card |
||
|
Copyright © 2012 Ask Jack About Debt - All Rights Reserved |
|||
