Oct 28, 2011
#36: Interest rates are even lower than our 5.35%
mortgage. Should we refi?
Full math and notes at http://moneyplansos.com/sos036-should-i-refi/
Oct 20, 2011
#35: There are only 3 things you can do with money. This applies for both children and adults:
Full list of notes at http://moneyplansos.com/sos035-a-moneyplan-for-kids/
Oct 12, 2011
#34: I AIN'T PLAYIN' NO MO! The FICO Score is a
one-sided system of debt evaluation and does not take into
account your true financial history.
The 5 Components of
a FICO Score:
- 10% Type of credit (debt)
- 10% New credit (debt)
- 15% Credit (debt) history
- 30% How much you owe
- 35% Debt payment history
It's all based on...
Oct 4, 2011
#33: Steve Ely, CEO of eCredable, used to work for Equifax running the Direct Consumer Business. One of the challenges he experienced was they had a very limited scope in terms of how they could help consumers.
Consumers really wanted help with financial advice or with their credit file but that was not what they were...