Finance Globe

U.S. financial and economic topics from several finance writers.

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What is a Bond Rating

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While some of you may be familiar with what a bond rating is, many of you may also be unfamiliar and do not understand the bond rating process. Below is a high level overview of what a bond rating is, and feel free to ask any follow up questions in the comments section below.A bond rating is a rating that an independent or unbiased agency issues to measure the credit quality of a particular bond (which...
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What Consumers Need to Know About Point-of-Sale Loans

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It's normal for retailers to pitch credit cards to shoppers during checkout. The pitch usually comes with an incentive - like a discount on the initial purchase. More retailers are offering a new payment option for consumers: point-of-sale loans. Customers are offered the loans both in-store and online at checkout.Point-of-sale loans are often offered for big ticket items. With the ease of lending, the loans are also offered for online purchases regardless of price. The loan...
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Wanderer
Good information as I had not heard of such loans. Now if I get approached on them I will take time to consider and read the fine ... Read More
Thursday, 20 June 2019 12:38
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Don’t Have 20 Percent for a Down Payment?

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When buying a home, a variety of financial questions and concerns will move to the forefront. While there are many numbers to keep in mind, 20 percent will come up time after time. This is the magic number when it comes to a minimum down payment.Basic math shows you that this is equivalent to $20,000 down for every $100,000 worth of home. So, if you’re buying a property for $200,000, a $40,000 down payment is what...
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Wanderer
Sometimes even when you do not have 20% down, you will be money ahead in owning over leasing/renting and you potentially are build... Read More
Thursday, 13 June 2019 05:15
Frank
I will say I did not have 20% saved to purchase my first home. Most banks were still willing to work with me and I also did not ha... Read More
Sunday, 30 June 2019 10:56
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Save Money by Purchasing Contact Lenses Online

contact-lenses
If you wear contact lenses, you’re familiar with the expense of buying replacements every three, six, or twelve months. Even if you’ve made it part of your budget, it doesn’t make it any less painful when you have to part with the money.Fortunately, there are many ways to save on the purchase of contact lenses, with buying online one of your best options.If you’re interested in giving this a try, here are a few steps to...
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Frank
I have tried this before, but unfortunately my vision insurance doesn't cover online eye contact purchases.
Sunday, 30 June 2019 10:54
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Five Ways Credit Bureaus May Respond to a Credit Report Dispute

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The information in your credit report has a major impact on whether your new applications for credit cards and loans are approved. Having positive information is key to showing that you're a responsible borrower. Your credit report can only contain accurate, complete, and timely information and you're allowed to challenge any information that doesn't fit the criteria for reporting.If you spot errors on your credit report, you can have your credit report updated by making a...
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Wanderer
One thing people need to know, there is a legal basis to a dispute. Disputing because you don't like it or for some other non-lega... Read More
Tuesday, 11 June 2019 06:32
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What are the Benefits of Joining a Credit Union?

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On the surface, a credit union appears similar to a traditional local bank. However, as you dig deeper, you’ll find that there are many features and benefits provided by a credit union that a bank simply couldn’t match.Above all else, credit unions are designed to help its members succeed financially. This should give you peace of mind, as you never have to concern yourself with your financial institution taking advantage of you.In regards to membership, most...
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What to do if Your Mortgage Application is Denied

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While there is nothing more exciting than shopping for a home, your good time can turn sour if you’re unable to secure a mortgage for your purchase.If your mortgage application is denied, there are a few key steps you must take:•    Find out why: This is your top priority, as you can’t make things right until you find out what went wrong. The lender is supposed to provide the reason or reasons for your denial, so...
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Save Money by Visiting an Independent Mechanic

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Does your car need new tires? How about a brake job? Is the check engine light on?From regular maintenance to emergency service, there are times when you require the assistance of a mechanic. Unfortunately, this is an expense you don’t typically want to take on.Rather than call your local dealer’s service department, you may be able to save money by visiting an independent mechanic. Here are three reasons why:•    You can negotiate: Good luck negotiating a...
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Will Your Job Check Your Credit Score

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It’s a common myth that your credit score can keep you from getting a job or promotion. While your current or a prospective employer may check your credit, they’re not checking your credit score. In fact, a credit score may not even be useful to an employer because it doesn’t provide the information they need to make a decision about you. An employer wants to see your credit information, so they receive a modified version of your...
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Wanderer
Good information that let's an applicant know the reasoning behind an employment credit check. With family that have worked in ban... Read More
Saturday, 08 June 2019 06:52
Frank
I actually am against employers looking at your credit score. I do not think it is right.
Wednesday, 31 July 2019 13:22
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What to do With your Kids This Summer Without Breaking the Bank

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Summer is the time to make memories with your family and kids. However you don’t have to break the bank to do it. Below are a few great and fun ideas that are not too expensive.Library: Public libraries are free and educational. During the summer they have sing-alongs, arts, and crafts. Check with your local library for their list of activitiesBeaches: Most beaches are free, and have endless activities. Bring games, a book, and plenty of...
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Wanderer
Great activities list of excitement for the summer months. Also, day camps and multi-day over night camps can be enjoyable and ful... Read More
Saturday, 08 June 2019 06:58
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