By Patrick on Mar 13, 2008 in Credit / Debt | 11 Comments
I received a reader question last night, and I thought I would address it in the form of an article to share with everyone, and so readers can weigh in with their thoughts. The question deals with the coming economic stimulus check and using that to pay off debts. The reader’s question deals with deciding […]
By Patrick on Jan 25, 2008 in Credit / Debt, Real Estate | 11 Comments
A Home Equity Line of Credit (HELOC) is a flexible line of against the value of your home – you use your home’s equity as collateral. Usually, the borrower agrees to a certain maximum amount they can borrow over a specified time period. In some ways it is similar to a credit card because the […]
By Patrick on Jan 17, 2008 in Credit / Debt | 26 Comments
Credit card companies are in business for one reason - to make money. Sure, they will tell you they offer you a chance to enjoy life now, or have an emergency line of credit, but rest assured - the thing they are more concerned about is whether or not you make your minimum payment […]
By Patrick on Dec 13, 2007 in Credit / Debt | 17 Comments
Earlier this year, a class action lawsuit was brought against several major credit card companies concerning their foreign currency transaction fees. The class action lawsuit alleged that the credit card companies “conspired to set and conceal fees, typically of 1-3% of foreign transactions, and that Visa and MasterCard inflated their base exchange rates before applying […]