Personal Finance Blog - Spreading Financial Independence. Guest Bloggers Are Welcome

Guest Bloggers Are Welcome

New rules to protect borrowers take effect on July 30

By: Kenneth R. Harney Home Loans Views: 2376 | Comments: 0 | Votes: 0

WASHINGTON – If you're applying for a loan to purchase a primary or secondary home, or planning to refinance, you should be aware of a little-publicized new set of federal consumer-protection rules that take effect July 30. If you don't get them, you can pull the plug. You'll now have up to a week to think about the transaction, and decide whether it's right for you. More

6 Critical Benefits of Preparing Your Own Personal Budget

By: Art Of Saving Personal Finance Views: 2367 | Comments: 0 | Votes: 0

The role of a personal budget is to help you manage your finances and eventually become debt free. This is the dream of us all, isn't it? Most people shy away from doing the budget thing, but it is the best, most trusted and proven method for getting your finances in order. You can have your own budget completed within a couple of hours. Ready to begin? Let's go.Benefit #1. More

Renting good credit may become history

By: Kenneth R. Harney Credit Repair Views: 2359 | Comments: 0 | Votes: 1

WASHINGTON – The days may be numbered for dozens of Internet-based companies that promise to quickly boost FICO credit scores by 200 to 300 points. Fair Isaac Corp., the developer of the widely used FICO score, soon plans to introduce key changes designed to derail schemes that transplant high-quality credit card histories into the files of people with low FICO scores. Kenneth R. More

Home Equity Credit Lines

By: Goldfish Home Loans Views: 2346 | Comments: 0 | Votes: 0

Using a credit line to borrow against the equity in your home has become a popular source of consumer credit. And lenders are offering these home equity credit lines in a variety of ways. You will find most loans come with variable interest rates, some come with attractive low introductory rates, and a few come with fixed rates. No one loan is right for every homeowner. and abroad. More

Five FAQs Regarding Financial Elder Abuse

By: Ingrid Evans Legal Views: 2338 | Comments: 0 | Votes: 3

What is Financial Elder Abuse? In California, financial elder abuse is broadly defined as taking of a senior’s property for a “wrongful use or with intent to defraud.” Cal. Welf. & Inst. Code § 15610.30(a)(1). This statute also extends to anyone who is assisting another person with taking or appropriating wealth and assets from an elderly person. Cal. Welf. Welf. More

Warning Against Refund Anticipation Loans (RALs), What exactly is a refund anticipation loan?

By: Kyana Martin Tax Planning Views: 2332 | Comments: 0 | Votes: 0

It is estimated that low income families spent nearly $1 billion last year for refund anticipation loans. As tax season approaches, I wanted to warn you “saving savvy” taxpayers that no matter how strapped for cash you may be, it doesn’t pay to borrow your own money. These are avoidable tax-time expenses. RALs are high cost bank loans secured by the taxpayer’s expected refund. More

Choosing A Mortgage

By: Bogie Boric Home Loans Views: 2331 | Comments: 0 | Votes: 0

Getting a mortgage can be one of the most difficult decisions a person can make. Because of the vast array of mortgage products that are available it can be confusing and more than a little daunting. Here are a few things to consider when deciding on the right option for you. The first step is to decide which method of repayment best suits you. More

The pros and cons of the flexible mortgage

By: Bogie Boric Home Loans Views: 2321 | Comments: 0 | Votes: 0

The two main types of mortgage that lenders have traditionally sold are the fixed rate mortgage and the variable rate mortgage. These two products are similar in many ways, in that every month a set amount needs to be paid back to the lender (unless an emergency ‘holiday’ arrangement has been made), and if this is not done then the borrower has got serious problems. More

The Advantages of a Store Card

By: Art Of Saving Banking Views: 2305 | Comments: 0 | Votes: 0

If your credit history is good, then you may stand to gain some benefits using a store card. Initially, you may be tempted to accept a store card because you might be given some discount on your purchases, usually, 10%. If you pay off your outstanding every month, regularly, then you may get other benefits in the form of discounts or first previews of new merchandise. More

Test Your Personal Finances Iq With This Quick Quiz

By: Art Of Saving Personal Finance Views: 2286 | Comments: 0 | Votes: 0

Managing your spending habits, saving sufficient funds and clearly seeing your personal financial situation are important elements in managing your personal finances correctly. This test will give you an idea whether you need some more help, or if you're on top of this important part of your life. (The answers are listed at the end of this article.)Question #1. Question #3. More