Peer-to-Peer Lending: Borrowing in the Digital World. In today’s low interest rate, tight-credit environment, both borrowers and investors are facing a true paradox. For borrowers, those in need of financing to fund a business, or consolidate debt, or pay off medical bills, credit is still tight for all but the most creditworthy. For investors, interest [...]
Continue Reading →For investors, the current sluggish economy translates into low yields on debt investments including fixed yield instruments like CDs as well as yields on safe bonds like U.S. Treasuries or high quality corporate bonds. Retirees who rely on fixed income investments struggle the most, as current yields are not keeping pace with the accelerating rate [...]
Continue Reading →It’s not hard to imagine him standing on his rooftop in Queens, screaming at the top of his lungs to nobody in particular and to anyone who will listen. Like the scrawny little kid taunting the big bullies on the playground, far enough away so they can’t catch him, but near enough to annoy them, [...]
Continue Reading →It’s been a long time since we have seen credit card issuers offering 0% APR for 12 months AND no balance transfer fee. Since the credit melt-down, almost every card issuer charges at least 3% for people to transfer balances; that’s a lot of money for people with high balances! The Slate from Chase – [...]
Continue Reading →You would think that the main thing that separates the financial winners from the losers is money. Obviously, the more money people have, the more things they can buy, but that doesn’t necessarily translate into happiness. Even people who have financial success and make a lot of money can find themselves at its mercy if [...]
Continue Reading →Unlike past economic recoveries that spawned job growth across the broad cross-section of industries, this one has been much more gradual and the real job growth is concentrated in certain industries. So, for people who suffered layoffs from jobs for which they may have had a lifetime of experience and training, the new reality may [...]
Continue Reading →Many people would have a difficult time managing their finances without credit cards, and small businesses that need to cover short term shortfalls and manage their cash flow are no different. And, it’s important for small businesses to establish credit so they can have access to the financing needed to expand. Credit cards for small [...]
Continue Reading →The problem facing the movement is both one of perception and of perspective. As hundreds of people swarm the parks and town centers of cities across the country Tweeting their rants over their iPhones and uploading their photos on Facebook using their iPads, most Americans snicker at the hypocrisy of their stated disdain for capitalism. And, as they target their tirade at the very corporations that actually generate their jobs and make the products they utilize to promulgate their movement, the rest of the country is left to wonder if they truly understand how shallow their message rings.
Continue Reading →Wall Street Protest: Protesters’ Rage is on Target, but They’re Not Americans are struggling with just who these people are and what they represent. So, naturally, they are also questioning their true motivations.
Continue Reading →In the current economic malaise of high unemployment, rising food and gas costs, upside-down mortgages, and increasing uncertainty, a new demographic stratum has emerged in which people, through no fault of their own, find themselves chronically strapped of cash. And, it seems that the deeper people sink into the malaise, the more payday loan shops pop up. In fact, it has been recently reported that there are now more payday loan stores than there are McDonalds restaurants, and millions of Americans have been served.
Continue Reading →While the Credit Card Act may have sent a message to the banking industry that they are being more closely watched, the Act did little to prevent banks from shrewdly skirting many of its intended purposes – which were largely aimed at capping the amount they could charge consumers.
Continue Reading →Your Credit Cards after the U.S. Debt Downgrade Just about everyone saw it coming. Still, the headlines were jarring: S & P Downgrades U.S. Debt Rating. The world panicked, the stock market tanked and Congress went on vacation. None of that was unexpected either. The only real uncertainty for the rest of us is what [...]
Continue Reading →Will the US Credit Downgrade Affect Your Credit? By now you’ve heard – The international credit rating agency, S & P, that focuses on countries rather than consumers, downgraded the US’s Triple A rating (the highest possible) down a notch. Just like in your daily life, if your credit score falls, that means you are [...]
Continue Reading →Verizon Wireless and American Express are coming together to offer American Express Serve. This digital payment and commerce platform will be different from all other versions. With this application, you can chat on the phone, browse the web and make a purchase all within a few minutes. The system allows you to maximize your ability [...]
Continue Reading →There is a great deal of talk right now about the United States’ pending concerns regarding the national debt ceiling. In short, the country wants a credit increase. You know the feeling. You have a credit card you like to use but you are approaching your limit. You would like to get a bit more [...]
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