Posted on September - 30 - 2009

Egg announces credit card change

Long-term customers have been encouraged to reapply for cashback. Egg has announced changes to its cashback credit card facilities for customers, to come into effect from November 1st.

A spokeswoman for the provider confirmed to the Guardian newspaper that those customers who previously earned a 0.1% cashback rate on their annual spending will now have the payments discontinued. Read more…

Posted on September - 30 - 2009

An Insight Into Debt Consolidation

If you are a person who has accumulated several types of loans from time to time and struggling to pay different monthly installments for each loan then you need debt consolidation. This will help you repay all your loans by consolidating various loans into one and paying towards a single loan monthly. This can greatly reduce the confusion that occurs with multiple loans. Also, the cumulative rate of interest that you are paying for several loans may be more and you may not be aware of this fact unless you go for consolidating your debts.

How it works?

When you seek loan for debt consolidation, they will first collect all details about your debt, loan amount, rate of interest, loan duration, penalties, and delayed payments and so on.

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Posted on September - 28 - 2009

3 Essential Tips on Credit Card Consolidation

A debt consolidation program is one of the best financial solutions to credit card debt problems. However, many people have the wrong mindset. They thought that by enrolling themselves to this program, they will definitely be debt free soon. In reality, there are a lot of people who have failed in this program and they have to suffer from deeper debts. Why is that so? This is because they never bother to change their spending habits! Below are 3 essential tips you need to follow in order to dig yourself out from debt issues.

  • First thing first, once you are in a debt consolidation program, you must avoid using your credit cards. Never look for excuses to swipe the cards.

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Posted on September - 28 - 2009

Taleb Questions Talent of Wall St. Analysts

I’ve often scoffed at the notion that guys pushing buttons on computers to send large sums of money around the world and back takes talent. The bromide bandied about by Wall Street banks to the effect that that if compensation limits were imposed on them, that their their so-called ‘talent’ would go elsewhere is an insult to a person’s intelligence.

As Nassim Nicholas Taleb testified before Congress in the clip shown below, the Banking Industry has lost every dollar they’ve ever made in history and then some, and their only real talent is paying themselves bonuses. Enjoy the

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Posted on September - 27 - 2009

Five Credit Card Facts You Should Know

Just about everyone has a credit card that they use-nearly 80% of Americans has at least one. Over 50% of the population in the US has at least two credit cards, and there are millions of people with many more credit lines open than that. Every demographic, from college students to senior citizens, is reporting wider use of credit cards. Because of these facts, it’s important to understand the impact credit cards have on your credit report and how to use these cards effectively without causing credit problems for yourself.

-Opening a New Credit Card Does Ding Your Credit: A lot of consumers think that if they don’t use their new credit card, it won’t have an impact on their credit score, but the impact to your credit score comes when your new credit card is issued, not when it’s first used. The ave

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