17 Apr, 2011
Disability Disability Ignored
Most people are more than willing to buy some life insurance – just in case. But young people especially need disability insurance. Why? In your younger years, you’re earning income, and losing that income to a disability event could have a devastating financial impact. In fact,disability is more likely to occur during your younger, income earning years than when you’re in your 50?s. A 30 year old is more than TWICE as likely to become disabled than to die!
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- Someone 35 years old has a 50 percent chance of disability for 90 days or more before turning 65.
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16 Apr, 2011
Ally Bank Bank Deposit Checks
Ally Bank has begun a phased roll out of eCheck Deposit! eCheck Deposit will allow customers to remotely deposit checks to their Ally Bank accounts by scanning and transmitting a check image online. If you’re a customer of Ally Bank, you’ll soon be able to submit your checks electronically from the comfort of your home or office. Plus it’s free. Does your bank do that?
Frankly, I think this is just awesome. Use your smartphone to take a picture of a check you wish to deposit and submit it to Ally Bank – you avoid the lines, the hassle, the having to adapt your schedule to the bank’s open hours, and filling out deposit slips. This is h
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16 Apr, 2011
2011 First Quarter
There were 681,153 separate foreclosure filings in the U.S. during the first quarter of 2011, a 15 percent drop from the fourth quarter of 2010, according to the latest statistics from RealtyTrac. This was also a 27 percent drop from the first quarter of 2010.
[Related Article: FHA’s Foreclosure Backlog an All-Time High]
Foreclosure filings counted in the survey include default notices, scheduled auctions and bank repossessions, the report said. In all, one in every 191 homes across the country was in some stage of foreclosure.
“The nation’s housing market continued to languish in the first quarter, even as foreclosure activity fell to a three-year low,” said James Saccacio, chief executive officer of RealtyTrac. “Weak d
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12 Apr, 2011
First Guy First
Watch enough westerns and adventure movies and you’ll notice a theme amongst the heroes and heroines who come out on top in a bar-room brawl: take out the biggest guy first and work your way down from there. Taking the attack to the most dangerous enemy while you’re still fresh keeps you from getting beat up later on. Your approach to attacking your debt should be the same: prioritize and then eliminate.
- Knock out your highest interest debt first, especially high interest credit card debt or any other high interest loans.
- Next attack the non-tax deductible debts, such as bank loans, car loans or any other debt that doesn’t allow you to write off the interest on your taxes.
- Third, beat up the debt with tax write-offs like student loans.
- Lastly, blitz your mortgage. Nothin
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10 Apr, 2011
Mortgage refinancing is probably the best way to reduce your huge monthly payments, lower your interest rates and shorten your loan term. You can save substantial amount of money with mortgage loan refinancing, but it’s not a guaranteed way to do so. If you have decided to take out refinance loan then ask yourself important questions to evaluate are you taking the right decision regarding your finances? Those questions are as follows:
Do I Have Sufficient Time To Inquire About Loan?
It is the most important question which you should ask yourself when you decide to take out mortgage refinancing. I
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10 Apr, 2011
Credit Credit Radio Talk Credit Talk Credit Radio
Today, Friday April 8th, Talk Credit Radio host Gerri Detweiler interviews Farnoosh Torabi about the best way for young people to establish credit. And for parents, she’ll explain the pros and cons of cosigning versus adding your kids onto your credit cards as an authorized user.
Farnoosh is Credit.com’s Personal Finance Contributor and the author of the new book, Psych Yourself Rich: Get The Mindset & Discipline You Need to Build Your Financial Life. She also writes for Yahoo! Finance, Moneywatch.com and has been a repeat guest on The Today Show and The Nate Berkus Show. Her
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