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 by Michael W. Newman Amazon Price: $12.99 Customer Review: This book is timely. The level of consumer debt in the United States is reaching dangerous levels. More and more people are finding themselves over-extended and over burdened with debt payments. Wh...  by Merchant Geissler Amazon Price: $21.95  by Kim Isaac Greenblatt Amazon Price: $14.95 Customer Review: The book covers a lot of ground and there are some great suggestions about working a second job, dealing with being laid off and a lot of other money making (and money keeping) techniques. Greenblatt...  by Matthew Helm, April Helm Amazon Price: $19.75 Customer Review: The book lists a compendium of institutions which grant online degrees. Each school generally has an association with a national or international consortia responsible for authenticating t...  by Rosa-Maria Gelpi, Francois Julien-Labruyere Amazon Price: $119.95 |
Credit Advice ArticleLooking for credit advice? Here are the cardinal rules of creditWhen the economy gets as tight as it is today, so do banks. We hear news reports that the credit crunch has now hit the banks. Banks are no longer willing to extend the generous credit limits of the past. Your APR may rise overnight due a late or skipped payment, no matter how long you've maintained a pristine payment record. Plenty of people find themselves taking a cash advance on one credit card, to make the minimum payment on another. Cash advances mean a transaction fee, while making the minimum payment on the other barely keeps you afloat until the next payments are due. This type of activity can put you in a downward spiral which ends unhappily. Your credit rating goes down, your rates go up and you've got a mess on your hands. While this is not a pretty picture, your need for credit advice is becoming apparent. You know you can't continue this way, but what can you do? If you were to sit down with your kids and try to give them your best credit advice, what would you say? You've been there, done that, and the credit advice you give them will be the voice of experience. Learn to follow your own advice. Here are the cardinal rules of credit. 1.If you can't afford to pay cash for an item, don't buy it. If you reserve the use of credit cards to purchases such as gasoline, clothing and regular expenditures for which you already have cash in hand, you can maintain a credit history and good credit rating by setting that cash aside and paying off those credit cards each month. 2.Emergency expenditures do crop up. You may need a root canal for which your insurance only pays a limited amount. A credit card may be used responsibly for such purposes. Our credit advice in this situation? Adjust your monthly budget and pay it off in the shortest period of time. It may be tempting to make that minimum payment, but it may take a year to pay it off. The interest alone may turn that root canal into a $1000 deal. 3.Almost everyone ignores this prudent bit of credit advice: Do not finance holiday shopping on a credit card! Sure, you want your family to enjoy the great gifts you can put on a credit card. However, you don't want them to suffer six months down the road when you're unable to pay for essentials. 4.No matter how tight your budget is, almost everyone can afford to put aside $10 a week in a savings account. Not much, but in a year's time, you can pay cash for that root canal! In a nutshell, our best credit advice is not to live beyond your means. Establish a savings plan, no matter how modest. You never know what life may throw your way.
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Berkshire's Credit Risk Soars on $37 Billion Bet (Update1) - Bloomberg18 Nov 2008 at 3:02pm Nov. 18 (Bloomberg) -- The cost of protecting against default by Warren Buffett 's AAA-rated Berkshire Hathaway Inc. has almost tripled in two months, a sign of just how skittish investors have become amid the global financial crisis. The cost to ... |
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