Due to the recent subprime mortgage crisis, it becomes harder and harder to apply for credit or borrow money, whether for a car loan, home-equity loan, mortgage, or any other reason. To decide whether or not to grant a loan, lenders base their decisions largely on the borrow’s credit history and one very important number [...]
Read full article...Saving is about common sense, resistance to temptation, and personal priorities. Have you done the right things?
Consumer Debt: It’s hard to find a good reason to support that it’s brilliant idea to carry any kinds of consumer debt with an APR of 10% or more. If you have one, you should ask yourself why there [...]
Read full article...The entry was started a little bit more than a month ago since I have been a sideline watcher. The news in the past month was surrounding continuing housing weakness, subprime problems, faltering economic growth, and, most importantly, inflation fear. Although President Bush and Fed Chairman Bernanke have repeatedly said that the country isn’t [...]
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