Category Archives: Finance

Deciding on What Bills to Carry on Your Shoulders

January 10, 2012

Bills always were a pain in the behind – more so when you’re forced to decide what kinds of bills to take on. Here’s a quick rundown of the more important ones plus a few tips to help you make a better decision: Savings or Debt One word: interest rates. This often means that you have to prioritize paying off debt, since they usually come with a higher interest rate than savings accounts. Keeping a sizeable chunk for emergencies is [...]

Importance Of Understanding Credit Score Range

December 6, 2011

Understanding credit score range is not quite complicated. There are different kinds of models such as the FICO and many more score models. In the case of FICO the credit score range can vary from somewhere between 300 to unto a maximum of about 850 and not more than that. Still in the other models, you have the chances to go beyond that. Most of them offer you the flexibility to reach unto 900 at the maximum. When you are [...]

Pawnshops the New Lender of Choice for Low-Score Borrowers

November 28, 2011

What do you do when your credit score is so low that you can’t even get a loan from your bank? Simple: “Take some of your prized possessions and head to your nearest pawnshop”. Most lenders have tightened their belts in recent years, and this has allowed pawnshops to make something of a comeback. This is because pawnshops don’t look at your credit score – they look at the goods you have to bring them. They will then make an [...]

How the State of Florida Makes ID Theft Stupidly Easy

November 22, 2011

How do you get the driver’s license number of someone who lives in Florida? Simple: find a particular program from Florida’s Department of Motor Vehicles, input a person’s full name, finish it off with that person’s birth date and voila – you now have an 11-digit driver’s license number for you to defraud your victim with! Jokes aside, this is a serious flaw on the part of the state of Florida. It’s bad enough that identity theft is rampant on [...]

Bankruptcy Lawyer Gives 7 Reasons NOT to File Bankruptcy

November 10, 2011

John Skiba, an Arizona lawyer the specializes in Chapter 7 and Chapter 13 Bankruptcy, has put together a list of seven conditions for the average American should refrain from filing for bankruptcy: Ability to repay their debt – Skiba notes that only those with no jobs or very limited income can actually gain from bankruptcy. Those that can afford to repay must do so. Tax debt – Taxes like income and payroll taxes are some taxes that cannot be discharged [...]