Should I Save or Should I Go?
August 25th, 2009
The US personal savings rate has been in the news a lot recently because Americans seem to be saving more than ever. According to the Bureau of Economic Analysis, the personal savings rate reached a 15-year high in May at 6.9%. This means that for every dollar an American earns, he or she is putting a whopping $0.069 in the bank for a rainy day. More »
Posted By: Spencer Edwards | Comments (1)Blog Series: M³ – Marriage Money Mistakes
August 18th, 2009Welcome back to our blog series: M³ – Marriage Money Mistakes. The first financial mistake for married couples we discussed was to close all credit cards after you get married; this is a mistake because doing so will lower your credit score substantially.
Continuing our blog series, here is the second mistake we’ll discuss:
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Discover and Amex Ditch Credit Card Over-Limit Fees
August 12th, 2009
If you’ve ever been the victim of a fat $35 fee for exceeding your credit card limit by a few bucks, now is the time to get up and bust out your best happy dance. That is, if you happen to carry a Discover or Amex credit card in your wallet. More »
Posted By: Joshua Heckathorn | Comments (0)Auto Loan Rejection: Great Credit, but Insufficient Credit Mix
August 9th, 2009A friend of mine from Southern California (let’s call him Alex) recently left me a voicemail claiming to have a few questions about credit. When I caught up with Alex a few days later, he was quite upset because he had just been rejected for an auto loan from the national bank he’s frequented for years.
He had his heart set on purchasing this car, and he just couldn’t figure out why the bank would decline his loan. He even tried a different bank where he had some family connections; however, the result was the same – declined due to “insufficient credit mix”. More »
Posted By: Joshua Heckathorn | Comments (2)
