Jun
12
Cashing on Rewards
June 12, 2009 | Comments Off
It used to be that American Airlines was the only one giving miles. Then all airlines started giving them, followed by hotel chains. Then the credit cards, and lately the stores. Everyone seems to be giving points or miles for every dollar you purchase. Over time you end up accumulating a bunch of ‘currency’ that [...]
Jun
12
Capital One Gives Cold Shoulder
June 12, 2009 | Comments Off
I have had this Capital One Visa for years, about 10 to be precise. Great card. 7.9% fixed interest rate. That is, until now when they tell me they will hike it up to 13.9%. All in their right. They have given advanced notice and allowed me to reject the terms of the change (which [...]
May
28
Prosper: My First Loss
May 28, 2008 | 4 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 [...]
Jun
5
Credit Card Management
June 5, 2005 | Comments Off
Credit cards are convenient, and even good when used judiciously. They:
Keep record of your expenses.
Facilitate On line and Catalog Trade.
Offer some fraud protections that debit cards may not offer.
Provide and end-of-month, easy to read, analyze, and archive statement.
When used right, help build up the credit score, so that you can buy a house later.
You can [...]
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