May

28

Prosper: My First Loss

May 28, 2008 | 3 Comments

As it happens, no investment is for sure.  Out of the 127 active loans I have on Prosper, 1 of them decided to go to bankrupcy court - which means is probably lost.
The listing reads like this:  Listing 21399 - Police Officer Consolidates Medical Debt! “A” Credit No DQs!
A single proof that my method of […]

Mar

7

Paying Rent By Credit Card?

March 7, 2008 | 6 Comments

Today I read for the first time that people are paying rent by credit card.  I must have been out of this world for a while, as it seems it has become a common practice.  I am a landlord of two properties and never heard of it, yet it seems to be widespread.
The advantage to […]

Feb

28

Who Reads The Credit Report??? Isn’t FICO Enough?

February 28, 2008 | 3 Comments

There has been plenty of media attention to the Fair Isaac scores (FICO).  After all, says 90 of the 100 largest banks use FICO scores, according to Fair Isaac.  What about the other 10 of the 100 largest banks, and many other smaller ones?  They may be using an alternative to the FICO score, or […]

Feb

26

We’ve increased your credit line to $16,400.

February 26, 2008 | 1 Comment

And I do not even have a job!!
This is one of these moments where I question the sanity of the world.  I get a letter from my Master Card provider telling me about a credit line increase.  I can’t even remember what it was before, since I  rarely accumulate debt to those levels.  First reaction […]

 

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