All Entries in the "Credit & Debt" Category
Student Debt on the Rise
Congratulations recent graduate! Your prize for four years of hard work is on average $23,200 in student loan debt (not including the debt that your parents are assuming) and a very difficult time to find a job! Woohoo - time to celebrate!
In all seriousness, student loan debt is on the rise and there is not [...]
Do you have any clue what your credit score is?
….do you? Previously, I spoke about the FICO score, what it is, how is it calculated, blah, blah blah. Recently, my wife and I sold our townhome and purchased a new construction single family home, both in the Raleigh-Durham region of North Carolina. When you purchase a new home, there are three key ingredients that [...]
Obama Going After Credit Card Companies?
In an article at CNBC today, it was discussed that President Obama and his economic team will be analyzing practices of credit card companies in the upcoming weeks and months. The primary practice that credit card companies engage in that upsets most financial and governmental personnel relates to their sometimes deceptive marketing practices. [...]
Mortgage Calculator
As a follow up to my previous post regarding “How much home can you afford,” I wanted to add an additional calculator to this post related to mortgage payments. Â The below calculator will help you estimate your monthly mortgage payment, given certain inputs such as amount of loan, yearly insurance, yearly taxes, and PMI. Â An [...]
What is a FICO score, How is it calculated and How can you improve yours
If you are looking to obtain any source of lending, chances are the lending institution is going to run your credit report. Now, here at this website we don’t look kindly upon lots of debt, however, sometimes it is a necessary evil, such as when you want to buy a home. Most individuals and [...]
