What I really like about personal finance is that there are no straight forward answers. Each financial product has its pros and cons. While several people debate the usage of payday loans I think that sometimes, it could be a good *temporary* solution. In order to have a clearer point of view on Payday Loans, [...]
You will probably wonder what I have against Dave Ramsey to write two full post against this personal finance guru. Well I think over the years, Dave Ramsey got some fog into his glasses and don’t see quite clear anymore. I sometimes have the feeling that since it is part of his sales pitch, Ramsey [...]
Whoa, this is a huge statement in this Monday morning! What am I thinking; attacking of the most popular personal finance guru; Dave Ramsey? Who am I to critic his way to pay off debts? Well, I’m simply a guy that don’t think the same way While surfing Dave Ramsey website and listening to his [...]
We all know that we need to pay off our credit cards as soon as possible. However, for some weird reasons, people keep using them and pay the minimum payment. They think that they will pay their debts eventually by doing the minimum payment on their credit card bill. If you think you will pay [...]
I’ll share one of my personal experiences for the benefit of everybody. A few years ago, I had a banker position. Everyday, we were seeing credit application followed by individual credit reports. After a while, we have been pretty good at detecting who would qualify or not for a loan. One day, I had the [...]