Could You Live off Credit Card Rewards Points? This man is. (VIDEO)
Could you live off the rewards points and frequent-flier miles you’ve racked up on your credit card over the years? This man is. He’s a former executive from Southern California who’s become homeless since the bottom fell out of the economy in 2008.
He’s so far managed to keep his food bill to around $5 per [...]
Bankruptcy Can Prevent You From Refinancing Your Mortgage - Even With A Credit Score Of 700!?
Don Taylor, over at Bankrate.com, recently received a question about Bankruptcy and mortgage refinancing that I think is a poignant reminder of how serious bankruptcy is and how long it can follow you.
The reader writes to Mr. Taylor and pleads his case:
We have about 60 percent equity in our home. We both have credit scores [...]
2009 Bankruptcies Total 1.4 Million, Up 32%!
In case you needed any further indication that 2009 was a terrible year, 2009 saw an almost record 1.4 million bankruptcy filings submitted by consumers and business, making 2009 the 7th worst year on record - just behind 1998 and 2001-2005.
That’s an increase of 32% over 2008 filings. In December alone, there were 116,000 filings, [...]
How to go Bankrupt in 9 Easy Steps
According to Investopedia these are the 9 most common ways to go bankrupt. (Don’t do them!)
1. Ignoring Identity Theft Tactics
Let’s face it, once someone has your identity, they have the keys to your financial kingdom, such as it is. It’s trivial for the scam artist to destroy your credit history he his actions are left [...]
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