3 Types of High Risk Mortgages Homeowners should avoid
Posted on August 11th, 2010
There are several high risk mortgages on the market that you should avoid at all. A high risk mortgage puts in front of you those opportunities that may looks attractive on the front end. However, when you analyze them closely, then you would find them not quite as good as it looks. Suddenly you would find yourself in a very high risk situation.
Therefore, in order to avoid such situation you should do everything that you can to avoid a high risk mortgage.
Visa Readies CodeSure credit card in UK
Posted on August 10th, 2010
Credit cards are getting an upgrade in the United Kingdom. Visa, one of the leading figures in the credit card industry is ready to launch its latest Visa CodeSure credit card to not only provide an innovative means for making payments but also enhance the security of a client’s credit information.
The Visa CodeSure card looks like any regular credit card, but flip it over and you would see that there is a built-in LCD screen with a 12-button keypad on its side. These features allow the cardholder to interact with their credit card, using it to authorize purchases and secure online transactions by turning on the LCD screen and entering a PIN code. T
3 Mistakes to Avoid during Foreclosure
Posted on August 10th, 2010
At the time when a homeowner is facing foreclosure they usually they don’t have any idea that what should they do. As we all know that the process of foreclosure is a stressful one and can make anyone depressed.
Here I have mentioned a few common mistakes that are usually made by people while facing a foreclosure.
1. They loose any hopes and give up without making any efforts
This is the most common mistake that is made by several homeowners when they are facing foreclosure. T
Pew Finds Increased Transparency Due To Credit Card Reform
Posted on August 9th, 2010
Pew Charitable Trusts was heard to comment that 12 of the largest banks in the United States are offering credit cards online that have done away with some of the most difficult practices for customers.
According to the report from the Philadelphia based organization that is a non profit one interest rates on existing balances will not be increased on account of an infraction of agreement between the customer and the credit card agency. Also the practice of payments being used for balances with lowest interest rates first has also been stopped.
Your Take: How Is Your Emergency Fund?
Posted on August 8th, 2010
20% of Americans “suffered a significant economic loss” last year, according to a report two weeks ago, the highest level in the last 25 years. The Economic Security Index has been tracking data on income loss, medical expenses, and debt since 1985 and it has shown economic insecurity has risen across all groups. What’s economic insecurity? When they’ve lost 25% or more of their available gross income within a year and not enough of an emergency fund or reserves to make up the difference.
Here’s the shocker (at least to me) – “48% of Americans said last year they only had enough resources to carry them for two months before experiencing any economic hardship.”
That’s scary. I’m curious to kn
Are SmartPhones Taking Over Credit Card Payments?
Posted on August 8th, 2010
There are interesting advantages to it. First of all, even non-tech heads or shopaholics can admit that this is pretty cool. Consumers can ring up payments and exchange money wherever, whether shopping at a flea market or running into an old friend with an overdue I.O.U. It makes paying and receiving money easier and more flexible (and more tempting) than before. Payments are more secure, more cost-efficient, and less hassle than the old ways, and hopefully cheaper.Once the trend explodes, point-of-sale purchases via Smartphone could become the convenient, ubiquitous payment method around.