A Collateralized Debt Obligation, called CDO, is a structured financial product that pools together various assets, and sells these asset pools to investors. The assets, which are typically mortgages, other loans, and bonds, are debts that are considered collateral for the loan. These groups of assets are then ranked by risk to investors. Securities firms …
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Shortly after obtaining your mortgage or refinancing an existing loan you will probably find that you are bombarded with junk mail urging you to take out mortgage protection life insurance. The type of junk mail aimed towards mortgage protection life insurance is usually incredibly well disguised to give the impression that it is an official …
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At times, financial debt can get so overwhelming to the point where an individual or a person who owns a business finds it too difficult to get up-to-date on payments. In a difficult situation as such, a person or business may find it necessary to file bankruptcy. Bankruptcy is a legal process that involves a …
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If you haven’t noticed this, there are numerous new ways to pay for stuff. Just several decades ago, we paid cash for almost everything and credit cards were considered to be a novelty. However, today we rely a lot on plastic because of their security, the rewards they offer and as a short-term loan. Whether …
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I saw this question asked on the site, Bankrate.com the other day. The woman asking the question said that her husband’s credit score was 689 and hers was 596. She also admitted that she had a $1,200 collection recently appear on her report, which dropped her score by nearly 100 points. The couple wanted to …
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When you apply for or get a new credit card, do you pay any attention to its terms and conditions? I happened across an article the other day on the US News & World Report website about how critical it is that you understand them. ”Terms and conditions apply” As this article pointed out, you’ve …
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I recently saw an article on the website Yahoo! Finance where a wife was complaining that her husband was spending five dollars each month on the lottery. Of course he never won and he doesn’t believe that the lottery will take care of their retirement. And $5 a week is a nominal amount. However, if …
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Have you ever heard the term “rapid rescore”? I came across an article recently on Bankrate.com that described it as a tactic that is sometimes used to quickly update a credit history and then get a new credit score based on the newly updated file. This has been around for many years but has become …
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