Easy Credit

10 Essential Tips and Tricks to Acquire Home Equity

Home equity is basically the difference between the real value of a home and the mortgage balance you owe. It is a key tool that plays an important role in determining your net worth. Home equity can be used to make lavish purchases or even pay the bills. But sadly nowadays, it’s all about negative equity or underwater equity that results in crashing home prices and zero down mortgages. When it comes to refinancing, home equity plays an integral part. T

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Tags: Equity, Home Equity

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Sneak peak: “8 Simple Steps to Easy Credit Repair”

Weighing in at just over 40 pages, its short enough to be read in one sitting (or even the weekend if you want to take it easy) and it guides you step-by-step through the techniques and tools you need to repair your credit.

And its only available with the Credit Repair Doctor kit.

So lets raise the curtains and get this preview started with Step 1

Most people don’t realize they can get a free credit report from all 3 credit bureaus every year, without a credit card or signing up for a membership.

The website is .

In the Credit Repair Doctor youll see a video that shows me accessing my own credit report so you can follow along and access yours at the same time. T

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Tags: Easy, Steps Easy

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How to Close an Ally CD Early

Ive talked a lot in the past about using long-term CDs to improve your short-term savings yields. In particular, Ive talked about using five year CDs from Ally thanks to their low early withdrawal penalty.

Until now, however, much of that strategy was theoretical. Yes, I had bought the five year CDs to hold some of our short-term cash, but I hadnt actually tried to break any of them early until today.

The time has come to re-deploy some of the cash that was sitting in those CDs, so I contacted Ally via their online chat interface. For the record, you can close accounts via chat or on the phone, but not via e-mail.

After exchanging pleasantries, I explained what I wanted to do.

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Tags: Cd Early, Early

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CPI Shows an Increase Is Inflation Set to Go Up?

Even as the government advertises the low inflation rate as a positive development in the slowly recovering U.S. economy, the consumer price index has recorded the largest increase from the end of 2009. The Labor department recently released the CPI statistics that show a 0.2% increase that comes close on the heels of the 0.1% increase recorded in December 2009.

The Federal Reserve is still continuing with its many programs designed to instill consumer confidence and boost economic stability, in spite of the fact that increased inflation is usually associated with a recovering economy.

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Tags: Inflation, Inflation Set

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Monitoring Credit Reports as a part of Your Deter, Detect, Defend Strategy

As over 9 million Americans have their identity stolen each year, it sort of makes sense to do what you can to prevent yourself from becoming one of those victims. By investing a little time and money into protecting yourself, you can prevent a lot of heartache in the long run.

Some people will find that once their identity has been stolen, they can get it back immediately. It may seem a bit silly to think that you would ever permanently lose your identity, but in terms of your credit record, that can become a reality.

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Fall in personal insolvencies ‘masks debt crisis’

The number of people in England and Wales entering insolvency fell in the first three months of 2012, but debt charities warned the figures represented “the tip of the iceberg” of the UK’s debt problems.

A total of 28,723 individuals were made insolvent during the first quarter, down from 29,064 in the final quarter of 2011, and by 4.7% on the same period last year.

Within this figure only the number of people going bankrupt was down over the year – the number of borrowers entering all other forms of insolvency increased. D

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Tags: Debt, Masks Debt

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Harnessing The Power Of Email: 3 Strategies For Financial Marketers

While financial intuitions have rushed into the digital world building new apps and launching mobile websites, many have overlooked a fundamental tool in their marketing mix: email. If your financial institution still promises we will never send you email, it’s time to stop. All the familiar concerns spam filters, privacy laws, phishing scams, etc. can be tackled. Email is simply too powerful and too effective to ignore.

Email has emerged as one of the most powerful tools in the financial marketer’s arsenal, a vital component of any cross-channel marketing strategy. Her

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Tags: Financial, Financial Marketers

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Discover Card Birthday Month Bonus

Check it out… Discover Card is running a promotion where theyll double your cash back during your birth month. Unfortunately, the offer only applies to $500 in purchases, and it doesnt apply to 5% bonus purchases, so its actually only worth $5 in bonus cash. But hey, it takes about 10 seconds to sign up, so if you have a Discover Card you might as well do it.

Tags: Discover Card, Month

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Understanding How Home Equity Loans Work

Understanding Home Equity Loans

Loans involve intricate terms and conditions that you have to follow very carefully if you want to get a good deal. Of the secured loans available to homeowners, home equity loan is a good option. To help you better understand home equity loans, here are some basics.

What does equity mean?

Equity can simply be defined as the amount of your share in your home. If you have taken a loan against your home, then equity is calculated as the difference between the total value of the house and your outstanding debt. Home equity loan or HEL

Home equity loan or HEL is similar to a second mortgage.

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Tags: Equity Loans, Home Equity, Home Equity Loans, Loans

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First peer-to-peer payday lender launches

The UK’s first peer-to-peer payday lender will charge its borrowers an interest rate of 2,464.8% APR, but is paying those lending the money just 12%.

The Lending Well will charge borrowers £1 a day for every £100 borrowed, and a loan for £150 over 26 days will cost £39 in interest, provided the borrower pays it back by the agreed date.

Although lenders carry the risk of losing some money if the borrower defaults, they will receive just £1.28 in interest on the same loan. Mone

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Tags: Lender, Payday Lender

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