Credit

How the Ratings Agencies Complicit in the Housing Collapse Are Actually Saving the World

January 16, 2012

This is not a theme you’ll see in the mainstream press, but it’s the truth.  Unfortunately, you can’t prove what “might have been” if it doesn’t come to be, but read on and tell me where I’m wrong.  The same ratings agencies that are fodder for everyone from Obama to European leaders for their utter […]

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Debt – Which Camp Are You In?

September 15, 2011

It’s pretty amazing what a substantial part of our everyday conversation revolves around debt.  Debt issues, deficits and creditworthiness have grabbed national headlines stemming from the downgrade of US debt by S&P and is now a key issue in the presidential candidate debates.  At the household level, virtually all of us incur debt of some […]

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I’m Borrowing $50,000 From My 401(k) – It’s My Best Option!

August 14, 2011

There are tons of articles out there waring about the dire consequences of borrowing from your 401(k) – you know, not earning money on the withdrawn amount, double taxation, early withdrawal penalties and having to repay immediately if separate from the company…I’m going to lay out why my particular situation and outline why none of […]

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Debt Ceiling Vote Explained – What Media ISN’T Telling You

August 3, 2011

The debt ceiling vote was consummated on August 2, 2011 just in time to avoid a technical default on US government obligations.  I’ve been tracking this issue of the US hurtling toward bankruptcy for the entire year and this is a more current update to my initial post predicting how this whole charade would play […]

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5 Ways to Avoid a Bad Credit Rating

July 19, 2011

In an era of extremely tight (albeit cheap) credit, your credit rating is king these days.  Therefore, it’s worthwhile to visit some of the top mistakes people make that knock their credit score down.  Some of these are honest mistakes and one might not even think should impact credit, but they do. Paying Late – […]

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Multiple Approaches to Resolving Debt Issues

June 22, 2011

With millions of people mired in debt problems, this malady is one of the largest challenges facing society at large.  See, this situation is so widespread and endemic to society that the lack of free cash flow in personal budgets curtails consumer spending and investment.  This then spills over into national GDP output, new business […]

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