Borrowing is something that most adults will experience at some time in their life. We reach a point where we have to buy something out of necessity, but we can’t pay in full just yet. An example of this is a home or tuition for college.
Eventually, however, loans come due and you as the borrower [...]
Posts on ‘May 14th, 2007’
Create a Budget - The First Step To Debt Relief
What’s Your Credit Score? Not Knowing Could Cost You
When you go online and apply for a credit card, how can you get your results in a matter of seconds? The answer is your credit score. This little number packs a big punch and can make the difference between getting approved for a car loan, a great rate on your mortgage, or getting turned [...]
The Next China-Like Miracle
Just a few years ago, suppose you had known that China, a backward, deeply impoverished communist country, would quickly transform itself into the fastest-growing capitalist economy on the planet.
And suppose you had invested $10,000 in the leading Chinese companies.
That single insight alone — plus a dose of standard due diligence — could have been sufficient [...]
Credit Cards 101
What’s a credit card?
A credit card is an agreement between you and a financial group, such as a bank, that you will pay them back in the future so that you can spend the money first. The financial group lends you the money you need and in return expects you to pay them back over [...]