Yesterday I was talking about scams… what a coincidence. A friend just called me and said that he needed to get a loan for his business and the banks where he had applied rejected his application. So he went with a company in Los Angeles that told him it would be an easy approval, he [...]
It’s unbeliavable: my inbox is full of emails claiming I won the lottery in Nigeria. They are eager to send me the money, they just need all the details of my checking account so they can wire it. How convenient!
Have you ever fallen for a scam? You have to be very careful these days, scammers [...]
Let me tell you: you have no excuse. If you are serious about improving your financial situation, you need to read your credit report at least once a year.
Especially now that you can get it for free. Go to FreeCreditReport.com to get your copy (you will be asked for a credit card, they will [...]
I was reading this New York Times article and I thought, “I was so naive to think that Credit Card companies wouldn’t fight back”. It’s obvious now that they will be very creative coming up with new fees. They are even doing a deep study on our psychology: based on the items and brands we [...]
Now that both the Senate and the House passed the bill, it is being sent to President Obama, who already said was going to approve it.
What will this law mean for us? Tens of millions of credit card users will have more time to pay their credit card bills and will also avoid retroactive [...]
I know, I know, this is not related to finances in any way. But it’s fine to take a break every so often.
Some time ago I posted a video of a magician called Cyrill. This guy is unbelievable! Watch this short video, you will not believe your eyes!
Make sure you forward this page to all [...]
We mentioned a few days ago (and you probably already read on the news) that President Obama has asked Congress to submit to him by Memorial Day a bill that will redefine credit card lending practices.
But what can we expect from this upcoming credit card reform?
According to industry experts, there are a few things that [...]
I apologize since I haven’t written in about a week. Our beloved IRS service decided to audit me and I’ve been busy gathering all the required paperwork. Which is fine, it’s their job after all.
I have some really good ideas for our blog that will help you a lot. Make sure you check back with [...]
A friend called me today to tell me his credit card company (Bank of America) just increased his interest rate from 7% to 25%. His balance is about $18,000, so imagine how he was feeling.
Unfortunately, this is the way credit card companies have been doing business for the last few years. They can (and will) [...]