Personal Finance

Wells Fargo Launches Path to Good Credit Website

A recent Wells Fargo & Company survey unveiled some very interesting information. According to this study, 78 percent of people in America want to learn more about how to manage their money, and 53 percent of the people who responded wanted to learn specific information about credit. To help these people learn what they need to know, the company has announced that they are launching the Path to Good Credit. This initiative includes a series of interactive websites that give consumers important information about building credit and improving their credit scores. The Path to Good Credit allows people to take quizzes, view videos and learn from informative, tip-filled articles. The end result that the company hopes is to make people more knowledgeable about their credit reports and scores. According to Gary Korotzer, an executive with Wells Fargo’s Consumer Credit Solutions group, “Understanding how to manage credit is an important ingredient in economic self-sufficiency and success. We want to provide our customers with an informative and…
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Personal Finance

Should you pay off ALL your Debts?

There are some people who believe that paying off all of their old debts is the ultimate financial achievement. Imagine getting rid of all your responsibilities to pay your creditors every month. That has to feel pretty darn good, right? But what does it mean to pay off all your debts in full? Some people approach debt from the moral side of things. These folks believe that for a debt to truly be paid in full, it must be paid back to the organization that your originally borrowed from. This, however, is not always possible. If a debt goes to collections or if a lending institution sells your account, there is really no way to meet this lofty moral obligation. The other side of paying off your debts is paying them off completely; meaning that you don’t owe a penny to any creditor or a particular creditor as the case may be. Again, this is not always possible, either. Some people wind up negotiating with…
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Personal Finance

Is dining out ruining your Credit Score?

It’s always fun to go out to your favorite restaurant with co-workers to do a little bit of bonding. And who can argue about how picking up some take-out food is the easiest option on extremely busy days? Heck, even joining some friends for drinks out at the local restaurant can be a great way to relieve stress. All of this dining out, though, is sure to increase your spending every month – not to mention your overall caloric intake… Many people wind up in debt – and even stuck with bad credit scores – simply because they eat out a bit too much. It’s hard to curb this habit, though, as dining out has become a staple of modern day living. An article from Forbes that was published back in 2013 reported that Americans usually spend about one thousand dollars a year on eating out for lunch alone. To understand those numbers, it would mean eating out just twice a week and spending about…
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Life

Holiday Spending Is Down This Year for the Average American

Many Americans have been working on cutting back this year and making their budget stretch farther. There is no difference when it comes to the holiday season. This year, many Americans are planning on spending less this holiday season than they have in the past. A new poll has been released by Gallop that shows us the average American consumer is planning on spending $82 less this holiday season than they did last year. Last year the average American planned on spending around $770, but actually ended up spending &786. This year however they are only expected to spend $704. 57 percent of the consumers who were asked said they did plan to spend the same amount this holiday season as they did last year. A total of 26 percent said that they plan to spend less this year, while and entire 15 percent, however, said that they are planning on spending more this holiday season. In 2010 and 2011 the sales in November and…
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Personal Finance

New Credit Scoring Practices Provide Hope for Potential Borrowers

There are literally millions of people who fly under the radar of lending companies and banks, unable to secure loans because of conventional credit scoring practices. Some credit scoring companies, however, have come up with new methods of scoring credit that may make it possible for these folks to qualify for loans. This is big news that may prove to have small lending companies chomping at the bit to offer their services to this largely under-serviced sector of the population. One lending company, FactorTrust in Roswell, Georgia, stated that they have credit information on well over 10 million non-prime borrowers that the big credit bureaus don’t possess. This company even provides its own auto finance risk scores to potential customers. Another lender in Connecticut, VantageScore, uses the available information from the big three credit bureaus, and now provides a revitalized scoring method that allows them to provide credit score on roughly 35 million people who used to be “not scoreable” by conventional credit bureau tactics.…
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Personal Finance

How Women Can Achieve Financial Independence

In this day and age it is more important than ever for women to become financially independent. There is more than one way that women can achieve this financial independence. Here are some tips to help you gain this financial independence for yourself. The first thing you need to do ladies is take an active role in your family finances, if you have a family that is. Taking an active role in your family’s finances can show you where your money is going and help you to understand how your family finances work. Ladies most experts agree that you need to pay yourself first. What does this mean? It means before you pay your bills you need to make sure that you have enough money to last until you get paid again. Even if you can only make a partial payment on one or more of your bills you need to make sure you can make it until your next payday. Otherwise what are you…
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Tips

Money Saving Websites

To get the best deal we used to have to drive from one store to the next to compare prices. Then the internet came and all the stores got a website and we could just look at the websites without having to leave our homes. Typically we assume that is the best way to find the best price. Now there are websites that have been set up specifically to help you find deals. Here are some of those websites, you should check them out, you never know what you will find, and how much you can save. is a website that you can sign up for, for free. With this site you can pay half price on things such as comedy tickets, concerts, sporting events, plays and more. When a venue has seats that are not filled they want to fill them, this site helps them fill the seats, while helping you get a great discount, so everyone wins. One site that can help you…
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Tips

Some Money Saving Tips for Everyone

Saving money is something that most people want to do. Some people simply do not know how to start cutting back so they can save money. Here are some money saving tips that everyone can use. Why not start a garden and grow your own vegetables. You can use them to make salsa and spaghetti sauce and you can even can them to have year round. This will save you money when you go to the grocery store, you will not have to by so much produce. Quite any and all bad habits that you have. If you smoke cigarettes, then you should quit. Obviously this will save you money, but more than that it will be better for your health. When you do more to take care of your health you tend to get sick less which in turn means that you do not have to pay to see your doctor as much or pay for medications as much. Whenever you can clip coupons.…
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Life

Drones Could Replace Pizza Delivery People

Most people love pizza and many of us love to have it delivered to our doors. It is something that has been around for a while now and most of us never really think about it. Now the people who deliver those pizzas could soon find themselves being replaced by drones. Domino’s Pizza is the company that is leading the way in this new technology driven way of delivering pizza. They have hired a creative agency that is called T + Biscuits. What T + Biscuits is supposed to do is test whether or not it is possible to have an octocopter drone deliver a pizza to the customer’s door that is hot and fresh. The current prototype is called the Domicopter. Currently the Domicopter is capable of delivering two large pizzas in ten minutes as long as it is in a four mile radius. This is a good start. Being able to do this means if they continue to work at it they will…
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Personal Finance

Make Money Later In Life

There are times when people retire only to realize that they have not saved enough money for it. Other times they realize that they did save enough, but they simply miss working or being around people. Either reason some people find once they retire that they need something to do, making money is either out of necessity or it is a byproduct of what they chose to do to be around people. There are several ways in which someone could earn money once they are retired. One idea would be to grow treas. If a wooded area is purchased or already owned then you could make money selling firewood. They would be able to use the logs to heat their home as well. Cutting down trees and chopping them into logs can be hard work though. It is a lot of work for not a lot of return. This may not be the best way to make money once retired for many people. By the…
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