It’s strange. Every day, I turn on the television and I see programs about the ‘sub-prime situation’. Banks and mortgage companies, desperate to attract customers during the housing-boom, loaned money to folks who didn’t have the ‘best’ credit scores. Many of the loans that were written were ‘adjustable’ – meaning that, over time, the interest rate associated with a particular…
Category: Credit
Day 28 of 33 Days And 33 Ways To Save Money And Reduce Debt: Find Out How Bad (Or Good) Your Situation Really Is
Click here to read all of the 33 Days And 33 Ways To Save Money And Reduce Debt posts. Day 28: Find Out How Bad (Or Good) Your Situation Really Is Do you know how much you owe on your house? Do you know how much money you have in your checking account? How much would you need to payoff…
Store-Branded Credit Cards: A Shocking Look Back
In an effort to better organize my financial documents, I’ve been going through a box of old bills. I was somewhat surprised to see just how many of those bills were from store-branded credit cards. I found old bills from Belk, JC Penney, and Sears. The bills were dated January 2003 – December 2004. As I was flipping through the…