Personal Finance and Investing

Along with your career development to improve your pay, your personal savings rate mostly determines your lifelong financial planning success or failure by steadily and more substantially feeding your investment assets.

You and your family always should consume currently at a pace that is most probable to guarantee a durable lifetime personal finance plan. The attempt to be clever at selecting certain superior bond and stock investments is a far less reliable, less important, and most often financial drag on your lifetime family financial security.

Valuable investment portfolio assets and possible investment portfolio returns which many people will never have will fall from their wallets at the checkout stand day after day.

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Fuzzy math or flagrant fudgery?

Bernie Synakowski works on the brakes of a new cleaner-burning bus at the Daimler Buses North… Bernie Synakowski works on the brakes of a new cleaner-burning bus at the Daimler Buses North America facility in Oriskany, N.Y., in this file photo. Washington is paying hundreds of millions of dollars for the new buses, one of the $787 billion stimulus plan programs, that has the less glamorous, harder-to-quantify effect of keeping workers employed – a buffer from the recession to some in the auto industry. Read more…

How does removing a collection or a bankruptcy bring down the credit scores?

Removing a collection will NOT bring down the FICO scores.

ALL collections reported as such (not tradelines) SHOULD be deleted.  However, removing the bankruptcy often lowers FICO scores when you still have derogatory accounts reported.

That’s because the FICO scoring models (about 10 different formulas) will rate derogatory accounts less severely when you also have the public record bankruptcy reported.

And that’s why I’ve seen FICO scores OVER 720 frequently WITH the bankruptcy public record AND with many correctly reported discharged accounts.

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The credit card news, as of late, has been anything but positive. The government is tightening the reigns the credit card industry who, in turn, is scrambling to switch up the rules of their credit cards before the new credit card bill takes place. And who is left in the middle of this mess? That’s right: you, the consumer.

All of this mess can make any consumer think twice about even having credit cards anymore. But is the solution to simply cut up your credit cards and live without them?

Although it would make sense that credit cards sometimes hurt credit, most of the time they help credit. I

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