Credit card experts debunk common misconceptions about credit scores. ST. LOUIS — Three numbers can affect everything from securing a mortgage or loan to how much interest you’ll pay when you’re approved for a house. And while they’re just three numbers — that typically range from 300 (very bad) to 850 (very good) — there’s…
WASHINGTON — JPMorgan Chase & Co. has agreed to pay a $100 million penalty and admitted that its traders acted “recklessly” during a series of London trades that ultimately cost the bank $6 billion. The settlement announced Wednesday by the Commodity Futures Trading Commission comes less than a month after JPMorgan (JPM), the nation’s largest…
The key to a great investment opportunity is to get in before everyone else. As most readers who follow the markets know, the results of the latest Federal Reserve meeting were quite a surprise, as the central bank determined that now was not the time to reduce its asset purchase program. That news was a green light…
With the number Americans applying for unemployment benefits at an all time low, things are looking up for those looking for a job. Just last week, the number of applicants fell by 27,000 indicating that hiring is steadily improving. These trends are not volatile, evidenced by Jim O’Sullivan, an economist at High Frequency Economics. In…
The recent Hurricane Sandy has left a lot of destruction and property damage, but where does that lead people with loans? If you happen to live in the northeastern portion of the United States, you do not need to be informed of the devastation that your state or town has endured due to the recent…
For home loan borrowers, these record low rates on Massachusetts mortgages have been a Godsend. Many homeowners have been able to secure a lower rate, which will allow them to pay off their loans much faster than they would have been able to, otherwise. Thirty-year mortgages will now be able to be repaid in half…
Stick to Budget. Budgeting is a critical process which forces you to look at what you’re spending, where you’re spending it, and thus be able to make decision on where changes can be made to meet your financial goals. Invest. Financial investing can either be done independently or through a broker. It is often desirable…
