Spending & Saving
Ask the Experts: What's a credit score and why should I care about it?Your credit score is the result of a mathematical formula that's applied to all the information in your credit report (both positive and negative) and then compared to millions of other credit reports.The most common credit score is a FICO score, developed by the Fair Isaac Corporation. A variation of the basic FICO model is used by each of the three major credit reporting agencies: Equifax, Experian, and TransUnion.
The Credit CARD Act of 2009On May 22, 2009, President Obama signed the Credit Card Accountability Responsibility and Disclosure Act of 2009 (the Credit CARD Act of 2009).Amending the Truth in Lending Act, the Credit CARD Act of 2009 requires a creditor on an open end consumer credit plan (credit card) to notify a consumer in writing of any change in the annual percentage rate (APR) on the account at least 45 days prior to the change. The notification shall also inform the consumer of the right to cancel the account before the effective date of the rate increase. If the consumer cancels the account, this action shall not constitute a default on the account, and shall not trigger an obligation to repay the account in full.
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Portfolio allocation from 30K feet - Bradenton Herald 11/15/11
It is no secret, having a well diversified investment portfolio can reduce the market rollercoaster effect. Without it, you are subject to the swings of a few investments. Investments that react similarly to economic and market conditions can be grouped into class buckets. To have a diversified portfolio you must choose complimentary classes. That is they do not react the same under similar conditions. The choice of asset classes and relative size of the buckets has been found to be the best predictor of overall portfolio performance. Getting the class and industry choices correct is about getting the strategy right. It is important to choose the right investment in each but, if you don't get the strategy right, it won't matter. |