Financial News Headlines

Should you stay in debt to help your scores?

January 24th, 2012

I have a high-interest car loan (more than 10%) and just landed a part-time job to add to my full-time cash flow. I want to pay the car off as quickly as possible, but I have read and been told that paying a loan off early doesn’t help scores as much as paying the duration of the loan. Is there truth to this? It seems foolish, though, since won’t I be paying more interest?

Answer: The primary concern with paying off a loan is that the lender may stop reporting the account to the credit bureaus. Although there are limits to how long most negative information can stay on a credit report, there are no limits to how long good information can or must be reported.

Still, most lenders continue to report accounts that have been paid off for several years. If

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Chicago Group Buys Imeson Center

January 24th, 2012

A Chicago-based investment group bought the 72-acre One Imeson Center in North Jacksonville for almost $16.3 million and intends to invest about $2.5 million into upgrades to capitalize on port and shipping logistics.

GIV Imeson LLC, based in Chicago, bought the 1 Imeson Park Blvd.

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Tags: Center, Imeson Center

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Buttonwood: Not so smart

January 20th, 2012

IT IS easy to accept that small investors might be irrational—piling into dotcom stocks in late 1999, for example, or buying half-built Miami condominiums in 2006. But corporate executives are supposed to be “in the know”. That, after all, is why there are such stringent laws against insider dealing.

Take share buy-backs. Investors often see a decision by a company to buy back its own shares as a positive indicator. If the executives think the shares are a bargain, everyone else should.

Related topics

But are executives any good at market timing? Not according to the calculations of Andrew Lapthorne, a quantitative strategist at Société Générale. In Januar

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Loans for Small Businesses

January 14th, 2012

Loans for Self Employed people are provided by many banks all over the nation. As the prospect of working from home has increased, the need for financing to start the project has also increased. Individuals are now obtaining Loans for Self Employment in order to need their requirements for good office stationary. With increasing Free Lancing and Consulting jobs, the society has started to view Self Employment as a legitimate and respectable way of earning. Previously, people were not able to obtain Loans for Self Employment due to high interest rate.

Loans for Self Employed People

 

 

Apart from high interest rates, the financer often denied any requests for a Loan for Self Employment. M

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Tags: Loans, Loans Small

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Suze Orman Shows True Colors With Her Approved Prepaid Debit Card

January 12th, 2012

If you havent heard by now, personal finance guru Suze Orman has launched a new prepaid debit card called The Approved Card. Thats right, another celebrity-backed card similar to what Russell Simmons has done, and what the Kardashians tried to do. But since this card is being endorsed by a well-respected personal finance expert it has to be a great card, right? Well, thats where things get a little murky.

These prepaid debit cards are notoriously marketed toward those on the lower end of the economic spectrum because these people often cant open or maintain accounts at a traditional bank for a variety of reasons. W

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Tags: Card, Debit Card, Prepaid Debit, Prepaid Debit Card

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How Alabama Consumers Can Repair Their Credit When False Information Is On Credit Reports

January 10th, 2012

Alabama consumers are sometimes amazed at the number of errors on credit reports, and there is conflicting advice on how to fix credit reports which have errors.

Some advise disputing every negative item.

We don’t.

We do advise disputing with the credit bureaus, Equifax, Experian, Innovis, and Trans Union, any information that is false.

On our sister website, Alabama Consumer Protection, we have a detailed description and video on how to recognize credit report errors and how to dispute them.

If you still have errors after properly disputing them, then we have some suggestions on how to ultimately correct those errors — normally by suing the (ir)responsible companies.

We hope you enjoy this information and find it useful.

John Watts

Tags: Alabama Consumers, Credit Reports, Reports

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