Blemished credit is both stressful and costly, but it’s not the end. As hopeless as the situation might seem, bad credit won’t last forever. There are things you can do right now to begin improve your credit score.
1. Stop using your credit cards
In a bad credit situation, one of the worst things you can do is continue accumulating debt by making credit card purchases. Put your credit cards away until you have more control of the situation.
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I use a points or a cash back based credit card that gives me the best return for my spending. Here’s a post and picture of what’s in my wallet.
When making a big purchase, like a mortgage or a vehicle, I negotiate and shop around for the best rate. This will save you thousands in the long run.
I drive with gas efficiency in mind.
more at milliondollarjourney
Gold prices are at all-time highs, and historical experience tells us that investing in gold has been an excellent way to hedge against severe market downturns or economic crises.
After the stock market crash of 1929, the price of gold rose from $21 per ounce to over $25 per ounce over the next few years — far outperforming the stock market. Gold also fared well — reaching over $850 per ounce — during the period of stagflation and economic turmoil in the U.S. during the 1970s.
Even as the stock market plummeted during the past recession, the price of gold continued to flirt with record high.
Here are the answers to some of the most frequently asked questions posed by beginner gold investors about building your pot of gold.
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“Transitions are dangerous,” said the late Charles Kindleberger, an economic historian with a vast knowledge of financial manias, panics and crashes, in 1983. That was No. 9 of 10 lessons he summarized from the early years of the Great Depression.
Kindleberger noted that pursuit of smart public policy in that tumultuous time was handicapped by three transitions: The 1928 death of Benjamin Strong, the forceful head of the Federal Reserve Bank of New York, which caused power to pass to the Federal Reserve in Washington, a more timid group of central bankers; the victory in the 1932 Presidential election of Franklin D. Roosevelt over the incumbent Herbert Hoover; and the difficult transition of international economic hegemony from the world of Pax Britannica to Pax Americana.
more at businessweek
On October14 this portal reported that 30 microfinance borrowers in Andhra Pradesh have recently committed suicide.
At about the same time offices of several micro finance companies in AP were attacked and vandalised by people protesting exorbitant interest rates and harassment by loan collectors.
Is this just a dark edge to efforts for ensuring ‘inclusive markets’ and ‘financial inclusion’? Or do these events call for serious introspection about these buzz terms?
At present the flurry of accusations and explanations about the microfinance sector is dominated by operational details – questions about what are ‘valid’ costs and profits vs. profiteering.
Similarly,the uproar for or against the ordinance issued by the AP government, to address the problems in microfinance, is mostly focused on the operational implications of a sector that has been growing exponentially.
In 2008-09, outstanding loans of microfinance institutions increased by 97 per cent over the previous year to Rs 11,734 crore (Rs 117.34 billion).
more at rediff
Even as the government of India speaks of taking preventive measures to curb the menace of fake currency, statistics show there is nearly Rs 12,00,000 crore worth of fake currency still in circulation in India.
While India managed to seal the fake currency’s Pakistan and Nepal route into India to a large extent, Inter Services Intelligence-sponsored operatives have furthered their activities by shifting base to Thailand.
These elements have been pumping in fake currency into the Indian market with help of operatives of the Dawood gang who have a strong base in Thailand.
more at rediff
Top 10 Dumbest Reasons for a Loan Request
Well people often approach banks for loans due to some house loan or car loans or business loans, but recently we found out few desperate lads approaching bank for funny business loans. Approaching a bank for a Plastic Surgery loan or paying a credit card debt are some of the examples. People nowadays have become so addicted to shopping that sometimes or I must say often end up in lending money from either the bank or Credit Card Company or eve a friend, just for the sake of some stupid expenditure.
more at iretireearly
Top 10 Greatest Food Combinations
The Oreo was created in February 1912 by Nabisco in New York City. Oreos immediate popularity resulted in it being the best selling cookie of the 20th century. It has since been dubbed “Milk’s Favorite Cookie”. The milk seems to be the perfect match to the chocolate of the oreo, making the duo one of the best. But, despite the popularity of the oreo and milk combination, milk and any type of cookie is great – maybe you should try it with the maple bacon cookies listed above.
more at listverse