Personal Finance and Investing

This just hit the newswire:

Wellington Financial LP today announced that Wellington Financial Fund III portfolio company MTI Global Inc. (MTI:TSX) has sold its MTI PolyFab subsidiary to 3M of St. Paul, Minnesota (MMM:NYSE) for $25.5 million in cash.

In June 2008, Wellington Financial led a $7.0 million financing for MTI Global. MTI designs, develops and manufactures custom-engineered products using silicone and other cellular materials. MTI serves a variety of specialty markets focused on Aerospace and Fabricated Products.

(disclosure – Fund III owns shares in MTI)

Although every one of the credit reporting agencies is going to format and then report their information in a different and unique way, all of the various reports are going to contain basically all of the same information and categories. Your SSN or social security number will be listed, along with your date of birth, your employment information and other information that is used in order to identify who you are. These are not factors that are going to be used in determining your credit scoring but rather they are used to make sure that you are who you say that you are.

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The economy is in a state of constant flux. If one industry is doing well, you can bet another is suffering. While it can be difficult to weather any cycle, there are techniques that you can use to ensure that you stay on top no matter what happens. Here are just a few of the most proven ways to keep making money, no matter what state the economy is in.

1. Leveraging Debt -

The proper use of debt is one of the best ways to increase your income and have the stability you need to weather any cycle.

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Dear Credit Karma,
How come the more credit cards open you have, the better it is for your credit score; but if you try to open a credit card and get a lot of hard inquiries, it lowers your credit score? This is confusing and contradictory! What to do?

I don’t blame you for the confusion! The impact on your credit score when you open new credit cards or juggle multiple cards can vary—it can lower you score, raise your score, and it is hard to predict what effect it will have on your credit report. But

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