7 costly credit score myths

October 23rd, 2014 by Admin

Your credit score can make a huge difference in your finances, from helping you qualify for loans and low interest rates to accessing utility services and renting the home you want. As much as people want to have good credit scores, theres a lot of confusion about how they work.

The more you know about credit scores, the more likely you are to make better financial decisions, but basing your choices on incorrect information can have the opposite effect. Here are some credit score myths that can hurt your efforts to improve your scores.

1. Carrying a credit card balance helps your credit score.

Keeping a balance on your credit card doesnt give you an advantage with credit...

Build Your Credit Score

October 22nd, 2014 by Admin

Getting your first credit card can be a challenge. Few banks will offer a credit card to someone without a credit history, so how do you build that history? 

You’re not facing this problem alone.  About 50 million Americans don’t have a credit history. That can make it difficult to buy a car or a house or make any other major purchase you might be considering. You may even find it difficult to rent a car or stay at a hotel without a credit card.

Luckily there are a number of strategies to help you get that first credit card.

Get a College Student Credit Card

It’s easiest if you are a college student. Many banks have credit cards designed specifically...

Equity LifeStyle Properties’ (ELS) CEO Marguerite Nader on Q3 2014 Results …

October 22nd, 2014 by Admin

Operator

Good day everyone and thank you all for joining us to discuss Equity LifeStyle Properties’ Third Quarter 2014 Results.

Our featured speakers today are Marguerite Nader, our President and CEO; Paul Seavey, our Executive Vice President and CFO; and Patrick Waite, our Executive Vice President of Operations.

In advance of todays call, management released earnings. Todays call will consist of opening remarks and a question-and-answer session with management relating to the Companys earnings release. As a reminder, this call is being recorded.

Certain matters discussed during this conference call may contain forward-looking statements in the meanings...

10000 reasons you need an emergency fund

October 22nd, 2014 by Admin

The concept of saving for a rainy day is extremely challenging for some people: What if it never rains? It can be really difficult to put aside thousands of dollars for an emergency that may never occur, especially when you have other financial goals you#39;d like to reach.

Of course, if you haven#39;t saved up to pay for the unexpected, an emergency could land you in debt, which is something no one wants to deal with.

Plan for the Worst

To underscore the importance of an emergency fund, here#39;s a story of someone who incurred $10,000 of unexpected costs in five months. His emergency fund covered the bills, and he shared his story on Reddit, as a lesson for anyone who wonders...

IPO Report: Fifth Street Asset Management (FSAM)

October 22nd, 2014 by Admin

Conclusion

Neutral

Proceeds to founding shareholder.

Per share dilution same as IPO price

4.8% yield on class A stock

Dual stock structure, class A has 3.8% of votes

P/E of 29, Price-to-book of 35

Business

FSAM is a leading alternative asset manager with more than $5.6 billion of assets under management.

FSAM provides innovative and flexible financing solutions to small and mid-sized companies across their capital structure, primarily in connection with investments by private equity sponsors.

FSAM defines small and mid-sized companies as those with annual revenues between $25 million and $500...

Will Settling $19000 of Credit Card Debt Give me Lasting Debt Freedom?Posted …

October 22nd, 2014 by Admin

Q: I’ve accumulated $19,000 of credit card debt over the past 4 years. Each month I put as much money as I can on my 2 credit cards but as soon as I start making some progress, another expense comes along that I wasn’t expecting. I asked my bank about a debt consolidation loan but they said they would need security for the loan which I don’t have.

I spoke with a debt consultant and she said that they could settle my credit card debt by arranging a private loan for $10,000 with a 3 year term. The loan would be at 26% interest but this would cut my debt almost in half. The consultant also said that I should be able to go back to my bank in a year’s time to obtain...

Why Was Sears Holdings Up Yesterday?

October 21st, 2014 by Admin

Sears Holdings Corp (SHLD) surged 10.8% yesterday, after dropping 15.2% since its close last Tuesday. Stock rose because of the companys filling of Form 4 with the Securities and Exchange Commission (SEC) yesterday.

According to the filing, one of the companys largest shareholders, Fairholme Capital Management, LLC., purchased about 50,000 Sears shares on Monday. Following this transaction, the investment firm now owns about 24.69 million shares of Sears Holdings, which is 23.2% of the companys total outstanding stock.

Although the transaction size is quite insignificant compared to the stake already held by Fairholme Capital, a buy transaction at a time when the stock had been...

Synchrony Financial Renews Consumer Financing Program with Select Comfort

October 21st, 2014 by Admin

STAMFORD, Conn.–(BUSINESS WIRE)–Synchrony Financial (NYSE:SYF),
a premier consumer financial services company with 80 years of
retail heritage, has signed a multi-year agreement with Select Comfort
Corporation (NYSE:SCSS), a sleep innovation leader whose mission is to
improve lives by individualizing sleep experiences, to continue
providing consumer financing programs through Select Comforts 450 Sleep
Number stores, online at SleepNumber.com,
and via phone at (800) Sleep Number or (800) 753-3768.

â??We are dedicated to our customers and delivering an unparalleled...

money

October 21st, 2014 by Admin

If youre looking for an affordable place to rent, the number of bedrooms is only one factor in price. In fact, location is going to have a massive impact on your rent payment. Its no secret rent is high in some of the countrys largest cities, but prices vary widely: New York City is generally an expensive place to live, but a few blocks can mean a difference of hundreds — even thousands — of dollars.

Using the Census Bureaus list of urban areas with the highest costs of living, Apartments.com and real estate data company CoStar put together a list of 14 neighborhoods in different areas where renting a one-bedroom apartment is most expensive. Rather than compiling a list...

GE Earnings Analysis: Stock Still Heading to $29 or $30

October 21st, 2014 by Admin

When General Electric Co. (NYSE: GE) reported earnings slightly ahead of expectations on Friday morning, there may have been some who were concerned that revenues were slightly lower than expected. As we have warned over and over, GE is about to be a lot harder for analysts to understand due to its disposition of consumer finance, appliances sale and acquisitions in the hopper. 24/7 Wall St. is again reminding readers to expect another two or even three quarters of potential noise from analysts while the business normalizes into an industrial conglomerate.