Ever hear of the Schumer Box? It’s actually an important piece of information that you will find in a credit card application and something you need to be aware of when considering a credit card.
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My First Credit Card – And The High It Gave Me
It’s been many moons but I remember my first credit card. It was a retail card for A&S (remember that store?). I forget what I was buying (a sweater maybe?) but there was a discount offered if you signed up for their card. “What they hey,” I thought. Why not sign up and see what happens? So I did. And a few minutes later I was the proud owner of a new credit card! Ahh, memories.
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What Is A Mortgage Escrow Account?
When you are purchasing a new home one of the terms you are going to come to know is mortgage escrow account.
“But what is a mortgage escrow account? What’s the purpose of it when owning a home?,” you may be thinking to yourself.
Great questions.
Before we get into what a mortgage escrow account is let’s look at what escrow, in general, is…
Basic Concept of Escrow
Escrow is widely used in many business transactions where the buyer and seller cannot make a simultaneous exchange of money and goods or services and neither would want to deliver first without the guarantee to receive later (neither party wants to risk being the one left without the dough).
To resolve the trust issue between a buyer and seller, a third party, known as the escrow, can work on behalf both the buyer and the seller to ensure that once a party fulfills its contractual obligation, the escrow will release to the party what it entitles from the transaction.
Such escrow service is also standard practice in real estate transactions where the buyer deposits money with the escrow and the seller delivers title documents to the escrow, and the escrow firm will not release the funds to the seller or convey the title to the buyer until both the funds and the documents are placed with the escrow.
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More 0 Percent APR Credit Card Offers Expected
SmartMoney is reporting that we should expect to see more 0% APR credit card offers available for those who have credit scores of 720 and above. Balance transfer offers are also on the rise.
It wasn’t long ago that credit card companies cut out 0% APR offers and balance transfers since those with better credit tended to also be less profitable as they usually paid off their balances. According to the SmartMoney article, credit card issuers are hoping that the more credit-worthy will spend with their new cards and keep a balance beyond their introductory offers.
Here is what we can expect from these new credit card offers (from SmartMoney);
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Where To Find Cheap Fun Family Activities – 6 Places
Ask anyone with kids and they will tell you – going out with the family can be expensive! Think about it – every activity you might do yourself is multiplied by the number of people in your family. Going to the zoo by yourself could cost you $10, for example, but for a family of five that could be $50 just to walk in.
But there are ways to find cheap, fun family activities! Here are six places to look:
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