Credit

Don’t Let Bad Credit Ruin Your Next Job

November 25, 2014

Your credit rating can have an effect on whether or not you gain employment. Many employers are now requiring that their potential new hires agree to a background check. What many employers don’t realize is that financial debt and collections do happen when a person becomes unemployed and it takes several months to obtain new […]

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Merchants CAN and DO Charge You Extra for Credit Card Usage

November 10, 2013

I was picking up a pizza this weekend and was perturbed by the sign stating “3% Extra for Credit Cards”.  Not only is accepting credit cards a normal business practice and a convenience for customers, but for years, it was explicitly disallowed by the credit card companies.  So, since I only had a ten on […]

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How to Screen Loans on Lending Club for Big Returns

June 16, 2013

Screening and scrubbing through available loans on Lending Club is a lot easier once you know what you’re doing. Using the net return and default rates screener at Nickel Streamroller, one can quickly “backtest” various selection strategies to find the loans with the best ROI. I’ve tested a few different ways to weed out Lending […]

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1/4 Americans Have More Credit Card Debt Than Savings – What Does That Really Mean?

February 27, 2013

There’s an article making the rounds this week that makes Americans look like crap.  Based on a recent survey, 24% of Americans have more credit card debt than assets held in emergency savings accounts.  On the face of it, that looks really bad.  1/4 is a highly representative number and we all know credit card […]

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$1 Trillion Student Loan Tab, Americans Ask “Where’s MY Bailout”?

November 29, 2012

Over the past few years, Americans have seen so many people, companies and entire industries bailed out, that naturally, they start wondering when they get “their bailout”, as if the multiple handouts the administration has doled out aren’t enough (a record 47 Million Americans on Food Stamps, unprecedented 99 weeks of unemployment, years of a […]

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3% Cash Back and $100 Bonus – The Best Card on Earth

March 8, 2012

If you’re going to use a credit card, you might as well optimize your cash back! I do, and it brings us tax-free income of $700-$1000 a year depending on what we’re up to.  Well, now there’s there ultimate card for what’s probably your single biggest expense – groceries! (and next biggest – gas!)  The […]

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