Your life style can hurt your credit!!!

June 15, 2010 by Brian · Leave a Comment
Filed under: Banks, Credit, FICO, Interest Rates, Spending, Wal-Mart 

According to an article on Money central, the credit card companies are using all kinds of info that they’ve collected about you to lower your credit limit and since lower limits mean higher utilization and lower credit scores, where you shop can lower your credit score. There’s several other factors that they use that should anger business owners, state officials and every person who uses credit. Here’s a few

What you buy

Where you shop

If people who were victims of the subprime loan mess happen to shop there

If you live in a state hit hard by foreclosures, such as Florida, Nevada and California

Would these last 2 mean that shopping at Wal-Mart in Florida, Nevada or California would lower your credit limit since they are the largest retail store and most likely subprime borrowers shop there?

The full article is here. Can your lifestyle hurt your credit?

February 23, 2010 by Brian · Leave a Comment
Filed under: Credit, Fees, Finance, Spending 

I just read this article on Yahoo and the thing that interested me the most was the part about people feeling a sinking feeling when they see how long it’ll take to pay off their balance. It’s not like everyone hasn’t heard that it’ll take forever to pay off a balance by paying minimum payments, so either the people who will get the shock, weren’t paying attention or were in denial.

The article also covered ways that the law backfired like:

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New CRL Report: Credit Card Issuers Use Loopholes to Bypass New Rules Intended to Curb Abuses

January 7, 2010 by Brian · Leave a Comment
Filed under: Banks, Credit, Education, Fees, Interest Rates, Uncategorized 

I think we all expected the credit card companies to find loopholes and continue to abuse the American people so finding this US Newswire article didn’t really surprise me.

New CRL Report: Credit Card Issuers Use Loopholes to Bypass New Rules Intended to Curb Abuses

According to a report from the Center for Responsible Lending, the credit card issuers are making it all but impossible for the average person to know what the real cost of their debt is.

Some of the items that were mentioned were

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Dave Ramsey Love and Money

January 3, 2010 by Brian · Leave a Comment
Filed under: Credit, Dave Ramsey, Education, Finance, Saving, Spending 

This is a great episode. I hope you enjoy it.

Start Late, Finish Rich

January 3, 2010 by Brian · Leave a Comment
Filed under: Books, Education, Finance, Money, Saving, Spending 

Tis the season for resolutions.

A lot of people will make the resolution to read more and learn to take control of their finances.

Here is a good book that I recently finished and it fits 2 of my requirements for a good book. It was easy to read and contained some really good information.

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Limited Time $40 to Invest at Lending Club

November 23, 2009 by Brian · Leave a Comment
Filed under: Bonus Money, Free Money, Lending Club, Saving 

For a limited time, Lending Club will give you $4o to invest in Lending Club. I’m currently getting 16.22% on my investment so it’s worth checking out.

Get $40 Free from Lending Club

Peta Kills Animals

October 27, 2009 by Brian · 1 Comment
Filed under: PETA, Rant 

2 warnings about this post.

1. It’s not about money

2. It contains profanity

I usually restrain my self while writing because I don’t know who is going to read it and I don’t want something I said today coming back to haunt me 5 years from now, BUT not today…today the gloves are off and I’m disgusted at the hypocrisy of PETA.

If you click the Read More link, you’ve been warned.

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Debit Card Overdrafts Generate Massive Profits

September 12, 2009 by Brian · Leave a Comment
Filed under: Banks, Fees, Rant 

I just read an interesting story that says that banks collect more in overdraft fees from debit cards than they do in profit. The article points out that some banks make it difficult or impossible to opt out of the service. There’s a lot of mixed reactions about this article and I have mixed emotions about this myself.

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HP Update (Dead Again)

August 20, 2009 by Brian · Leave a Comment
Filed under: Defective, HP, NVIDIA 

As many of you know, I had a problem with my HP notebook not too long ago. Seems Nvidia had a problem with defective chips and HP as well as others used them in the motherboards of a load of notebooks and desktops.

Now you may be asking what did HP do to resolve the known problem?

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Wal-Mart and creative math

August 3, 2009 by Brian · 1 Comment
Filed under: Job Losses, Saving, Spending, Wal-Mart 

According to an article that MSN had The Price Of Wal-Mart Coming To Town, Wal-Mart has an interesting way of doing math. They promise an increase of taxes and jobs but none of the supporters that I’ve read subtract the local jobs that have been lost. It’s like they are using a broken calculator. It was probably made in China.

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