Ehow.com community member Cecily K tells us how:
How to Calculate Debt-to-Income Ratio
Debt-to-Income Ratio is a number expressed as a percentage reflecting how much of your income is leveraged by debt. In other words, it reveals how much of your hard earned money is being paid to creditors instead of you. Mortgage lenders use your debt-to-income [...]
Our thanks to loansafe.org and Moe Bedard:
Debt to Income Ratio – “ The Facts”
Debt to income ratio is an important value for both creditor and debtors because it is one of the factors considered by lenders to determine whether a person applying for a loan could really afford to repay the loan. To calculate your [...]
Our thanks to Global Finance and Editor Dan Keeler at gfmag.com:
World’s Safest Banks 2009
With bank stability still high on corporate and investor agendas,Global Finance publishes its 18th annual list of the world’s safest banks. After two tumultuous years that saw many of the world’s most respected banks drop out of the top-50 safest banks [...]
Our thanks to The Washington Post and Michelle Singletary:
Report explains cuts in credit card limits
Washington — Consumers across the country have been getting letters from their credit card issuers announcing deep cuts in their credit lines.
But not to worry, says a new study by FICO (formerly Fair Isaac), the creator of the widely used credit-scoring system. [...]
18 Ways For Children or Grandchildren to Learn The Value of Money
By Paul Richard – Institute of Consumer Financial Education’s Executive Director
1) As soon as children can count, introduce them to money. Take an active role because repetition and observing others are the two methods they learn by.
2) Communicate with children, as they [...]
Our thanks to Billy and Akaisha Kaderli at earlyretirementlifestyle.com, and Paul Richard-ICFE Executive Director:
Are Your Children Getting Hooked On Credit?“
A ‘red flag’ for parents who are thinking about securing a credit card for their underage children is being waved by the nonprofit Institute of Consumer Financial Education (ICFE), based in San Diego, CA. “This alert [...]
Our thanks to insuranceagents.com:
Multiple Insurance Quotes Do Not Impact Credit Scores
New InsuranceAgents.com article discusses the common misconception that receiving insurance quotes can hurt your credit score.
It’s no surprise that, in this economic slump, that many consumers are relying on credit and ways to save money to get by and make ends meet. One way to [...]
Our thanks to smirkingchimp.com and Stephen Pizzo:
One Wrong Move And Your Credit Score Get It.
Ever see one of those shock-belts they use to make sure prisoners behave while in court? Just one wrong move and a deputy with a remote can bring the biggest, meanest hunk of crook whimpering to his knees.
Well, you can’t see [...]
Our thanks to The New York Times and Jonathan D. Glater:
Another Hurdle for the Jobless: Credit Inquiries
Digging out of debt keeps getting harder for the unemployed as more companies use detailed credit checks to screen job prospects.
Out of work since December, Juan Ochoa was delighted when a staffing firm recently responded to his posting on [...]
Our thanks to money-101.com:
Your Credit Score: What it is & Why You Need to Know
Your credit score is like a high-powered megaphone that it loudly broadcasts to the world how financially responsible you are. What’s more, even though our credit score isn’t something you can tote around in your wallet, it’s easily as valuable as the money it may contain. Over the course of a lifetime, the value of your credit [...]