The History of Foreign Exchange – Before 1930

Before paper money became an accepted medium of exchange for goods and services, a system called barter allowed people to exchange a commodity, which another person needed for a different commodity which they themselves needed. For example, a farmer might need grain to make bread and another farmer might have run out of meat. They [...]

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30 year mortgage vs. 15 year mortgage: which is right for you?

Information on 15 vs 30 year mortgage terms, and which is the best choice for you. There are three major items to consider when choosing between a 30 year and 15 year mortgage term. 1. What payment can you qualify for? The payment you can qualify for is determined by your debt to income ratio. [...]

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What is a credit score and how do you know what your score is?

Your credit score can affect your ability to obtain credit at reasonable terms. Therefore, it is important to know how to obtain your score and how it is calcuated. A credit score is a numeric representation of how well you have managed credit in the past and how well you are likely to manage it [...]

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Credit repair: when do i need an attorney?

When do you need an attorney during credit repair proceedings? Living within our means can be tough, especially when we’re bombarded with messages like “GET CASH NOW!” “INSTANT APPROVAL—NO CREDIT CHECK!” and other such temptations. We soon find ourselves hopeless and scraping for cash. Having too much debt can be scary and not being able [...]

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What is bankruptcy and how can you prevent it?

You have fallen behind on your bills and you see no way to catch up. Is bankruptcy the answer? Or is there another solution? There is no question that we are living in difficult economic times. Every day, it seems, there is news of another plant closing or a company’s outsourcing hundreds of jobs. Many [...]

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Mortage loan terms and definitions

Are you clueless about the legal terms in your mortgage contract? Do you want to be an informed consumer? You have chosen the home you want and are ready to close the deal. You look over the paperwork and it all looks like Greek to you. Here’s a simple list of mortgage terms and definitions [...]

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