Discover CEO David Nelms’ compensation falls

by admin on April 1st, 2015

filed under Debt Consolidation

After a huge payday in 2013, Discover Financial Services CEO David Nelms saw his 2014 compensation fall back to earthrelatively speaking, of course.

Nelms made $8.7 million, nearly all of it in cash and stock, in 2014, according to the company proxy filed today with the Securities and Exchange Commission.

That compared with $21.1 million in 2013, $18 million of which was in the form of stock awards vesting over five years. Since Nelms doesnt have an employment contract, last years pay package was aimed at keeping the 54-year-old at Discover for at least that long.

Under Nelms, Riverwoods-based Discover in recent years has grown its credit card loans better than its large...

Square announces free chargeback protection for retailers

by admin on March 31st, 2015

filed under Cash Advances

Dive Brief:

  • Mobile payment provider Square says it will cover all affiliated retailers in the United States and Canada with chargeback protection up to $250 per month.
  • Chargeback disputes are an issue for small businesses, since they tie up funds that smaller merchants need on a day-to-day basis.
  • The startups small-business offerings also include Square Capital cash advances, an iPad-based cash register replacement, inventory software, and online storefronts.

Dive Insight:

Square has sweetened the pot for small-business customers, promising to cover chargeback disputes of up to $250 per month at no charge. Chargeback disputes are often a problem...

Credit score key factor when applying for loan

by admin on March 31st, 2015

filed under Below Average Credit

How important is your credit score? When applying for credit, lenders will check your score to find out how good it is. A credit score is a number that indicates to creditors and lenders how likely you are to pay a debt you owe based on your previous borrowing habits. The higher your score, the greater the chances you are to obtain extended credit.

What is your credit score used for? Your credit score is used to determine whether you can get credit for things like buying a house, or purchasing a car. It can be used determine if you can secure a line of credit to obtain a credit card and how much your interest rate will be on that card.

What is a good credit score? Credit scores...

Debt Consolidation can help save your green business

by admin on March 30th, 2015

filed under Debt Consolidation

Debt Consolidation can help save your green business
by ClickGreen staff.

Sat 14 Mar 2015 17:16

Money Matters: Credit Scores

by admin on March 29th, 2015

filed under Credit Scores

CHARLOTTESVILLE, VA — Credit scores are used by banks to determine if they will lend you money. Assume for a moment that you do not take care of your credit. This means if you plan to get a new car while you are in college or after you graduate you may have to buy whatever you can afford with cash since the banks will not loan you any money. If you are lucky enough to have a car already then no problem, right?

Actually, insurance companies also look at credit scores to determine if they want to insure you. Yes, auto insurance companies use credit scores as one factor to determine if they are willing to insure you at all, or if they will charge you higher rates.

Looks like...

Credit scores can be improved, but it may take time

by admin on March 29th, 2015

filed under Credit Scores

A good credit score provides a certain amount of security for a lender. It indicates that the borrower has a history of repaying loans, can meet regular payments as required by the lender and he or she only borrows what can be repaid.

Borrowers can receive a favorable loan interest rate and will have less trouble getting a loan if they have a good credit score. However, for the borrower, even the best intentions to repay a loan can be waylaid by life. The loss of a job or a severe medical illness can impair a persons ability to pay on an existing loan, whether it is a credit card or a car loan. Once a good credit score is lost, it can be regained, although it will take some time.


Jim Blankenship: How to attack your debt’s causes

by admin on March 28th, 2015

filed under Debt Consolidation

Youve likely seen commercials that urge you to consolidate all your debt into a loan on which you make the heralded one low payment. The concept promises to free some cash so you can more easily live paycheck to paycheck. The consolidation plan also, if you use it too soon, does nothing to address the root problem of your debt.

Instead you need a method to manage and organize money so you can consciously decide how to spend. A good book on the subject is Your Money or Your Life by Vicki Robin, Joe Dominguez and Monique Tilford.

Here are six steps to start:

_Commit to never charging anything on a credit card or to charging only what you can pay off each...

An innovative, feminist sex toy just made crowdfunding history

by admin on March 27th, 2015

filed under Personal Funding

Just two entrepreneurs, making the world a happier place.

I think women responded to the way that Janet and I approached it, which is that we werent oversexualizing it, Fine told Quartz. We werent over-medicalizing it. Instead, we were just talking openly and honestly about sex in a very informative way. I think we had fun too. We werent using sex to sell a sex toy. And I think that was very important.

Evas success highlights the increasing influence of crowdsourcing. In the last year alone, there have been over 10 multi-million dollar campaigns on Indiegogo, companyCEO Slava Rubin told Quartz. The crowdfunding platform...

Seller’s Housing Market Reaches 30 Months With Mortgage Rates Still Low

by admin on March 26th, 2015

filed under Below Average Credit

Sellers Housing Market Reaches 30 Months With Mortgage Rates Still Low

Mortgage Rates Below 4% Stoke US Home Sales

With current mortgage rates in the mid-3s, US home sales remain strong.

In February, despite a scarce supply of homes for sale, existing home sales tallied 4.88 million, remaining above the 12-month rolling average on a seasonally-adjusted, annualized basis.

Purchasing power is its highest in more than a year — the typical prime buyer can 10% more home as compared one year ago. This means that a home buyer whose maximum purchase price was $400,000 in 2014 can now purchase at $440,000 for the same...

Budget 2015: Are you richer or poorer? Here’s the bottomline

by admin on March 26th, 2015

filed under House Loan

*You can also put in money into the National Pension Scheme and amounts up to Rs 50,000 will qualify for tax deductions. Thats another Rs 5,150 to Rs 17,300 saved in terms of taxes. Alternately, you can also invest this Rs 50,000 in an annuity plan of LIC under Section 80CCC to enjoy the same savings. One other tax saving you will get, if you are a salaried employee, is on your transport allowance. So far, only up to Rs 800 per month on this count was deductible from taxable income. That has been moved to Rs 1,600. Add anywhere between Rs 989 and Rs 3,322 to your tax savings.

*Though the highest exemption limit on paper is Rs 5 lakh, its now theoretically possible to avoid paying tax up to Rs 8.8 lakh....