Yes you read right! If you are unemployed and have bad credit then you have another hurdle to get past: employers unwilling to higher you because of bad credit.
It’s important to note that this is the kind of bad credit where the potential employee has shown reckless irresponsibility with their financial life thus making the employer unwilling [...]
photo credit: Mariano Kamp
Borrowers may seem like the victims in the recent financial crisis, but low interest rates and higher FDIC premiums mean savers are paying for it.
Based on all the news of mortgage foreclosures and credit card defaults, you might think this is an especially tough time to be a borrower. Indeed, lending [...]
photo credit: Fosforix
It’s no secret that credit card interest rates are on the rise. Even with mortgage rates at records lows, banks and credit card companies are increasing so-called ‘credit spreads’ to compensate for risk across their loan portfolios – and that means higher credit card annual percentage rates (APRs) for you and me.
With [...]
photo credit: joelogon
If you ever wanted to understand how the recent sub-prime mortgage crisis has affected African-American women, then this post is for you. Chances are you’ve heard about the mass foreclosures across the nation and even the phenomenon known as Jingle Mail. We’ve read scores of articles about families foreclosing [...]
ChooseCreditCards.com is a neat site that allows you to browse credit cards based on your needs and preferences. For example they have credit cards for students, 0% interest credit cards and reward credit cards. As I convince myself that I should have more than 2 credit cards my search will start here to [...]
Over the weekend I came across this article in The Washington Post, Lower Rates, Coming Resets: An Opening For Refinancing which discusses the onslaught of refinances due to the adjustable rate mortgages that are about to reset.
Here are some of the more salient points in the article. Homeowners with ARMS should pay close attention:
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