You find something you absolutely have to have, slap down a piece of plastic and voilà – it’s yours! Life sure is good, isn’t it? But have you ever wondered what happens behind the scenes, from the time your credit card gets swiped (actually or virtually) until the time the purchase shows up on your […]

When you need cash, is it better to obtain a line of credit or get a loan? The answer depends mainly upon your self discipline and what you plan on using the money for. If you want to make fixed payments over a specific period of time, then a traditional loan is your […]

Young Children Do Not Understand the Concept of Credit Cards
It’s the 21st century, and most of the kids living in the United States are constantly watching their parents put a cute little plastic card into an automated teller machine and seeing the machine instantly spit out a wad of cash. It’s like magic! A machine […]

WASHINGTON — After temporarily derailing the Bush administration’s $700 billion proposal to bail out the financial system on Thursday, House Republicans pared back their goals on Friday and demanded that the plan rely at least partly on an industry-financed insurance program for troubled mortgages.
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Three Weeks of Financial Turmoil
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LOS ANGELES (Reuters) — Universal Pictures and Relativity Media said Wednesday that they had nearly tripled their co-financing deal to $2.5 billion to $3 billion, as Hollywood kept making deals amid chaos on Wall Street.
The deal between Relativity and Universal, a unit of General Electric, which raised the financing from […]

IN theory, slowing sales and the prospect of further weakness after the meltdown on Wall Street should mean it’s a buyer’s market in Manhattan.
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Q & A: Ask an Expert About Getting Mortgages
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Andrea Mohin/The New York Times

Rob Romanzi wants to buy a pied-à-terre in Manhattan, but is waiting for prices […]

IN this time of economic crisis, help for troubled homeowners often arrives late, when it arrives at all. All too frequently, families are going into default on their mortgages, facing foreclosures and evictions that may have traumatic consequences.
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David G. Klein

It doesn’t need to be this way. Mortgages could be […]

Fear and greed are the stuff that Wall Street is made of. But inside the great banking houses, those high temples of capitalism, fear came to the fore this weekend.
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David Goldman/Associated Press

Citigroup’s Vikram Pandit leaving a meeting of top bankers on Saturday.

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Home Equity Line of Credit May Have Tax Benefits
Anybody who owns a home may qualify for a home equity line of credit. A home equity line of credit can be used for any number of things, including paying for expensive renovations intended for the home, consolidating credit card debt, paying off large loans, or for […]

Credit Card Terms are Easy to Learn and Understand
Anyone who does not understand how a credit card works - including purchasing items with it, reading the monthly billing statements, and knowing the rules for payments - should not own a credit card. However, credit card terms and details on how to responsibly own a credit […]