Posted August 17, 2007 - 16:59 by Philip Brewer
Personal Finance
In response to the recent
credit squeeze, the Federal Reserve did something unusual: they
cut the discount rate without cutting the federal funds rate.
The federal funds rate is the rate at which banks lend to one another. The discount rate is the rate at which the Fed itself will lend money to banks. For the past few years, the Fed has closely coordinated changes in these rates, so to change one without changing the other is a departure.
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Dear Capital One,
I think we need to have a talk.
My beef with you has been documented here. Readers know that I tried, many a time, to get lower interest rates from you so I could pay down my debt faster. I have a good income. I have good credit. I had been using your credit card for a long time - you owed me that.
Continue reading "Dear Capital One"
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What would you do if you were about to lose your home? What would you be willing to do to keep it? Is it even possible to keep it once you've missed a few payments?
Continue reading "How to Avoid Foreclosure"
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Posted March 7, 2007 - 16:02 by Paul Michael
Credit Cards
The average American has around 8 credit cards and is carrying roughly $9000 in credit card debt. If that’s not bad enough, the credit card companies are involved in what can only be described as a conspiracy to keep Americans in debt, permanently. Here are some of the biggest dirty secrets for you. You may want to sit down for these.
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Credit card companies are all kinds of evil. I know it, you know it. Now Congress knows it. Credit card companies do all kinds of nasty things (see below!) to take your hard-earned cash, so it's kind of nice to know that our government wants to do something about it.
Continue reading "Credit Card Companies Still Evil; Congress Surprised"
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