Ask An Ex-Banker: FICOs Score and Monthly Balances

Ask An Ex-Banker: FICOs Score and Monthly Balances

By The Banker | Blog Posts, Personal Finance, Texas

Note: See Part I on FICO Scores, which inspired this question from a reader. Dear Banker, I’ve been getting copies of my 3 credit reports annually since 2005. I’m concerned about a change in the reported information from Capital One and Chase. My reports used to reflect 1) amount billed 2) scheduled (minimum) payment 3) [&hellip

FICO Scores - Part I

FICO Scores – Part I

By The Banker | Blog Posts, Personal Finance, Texas

I’m 43 years old and I have a terrible confession to make: I still know my SAT scores by heart. Wait, it gets worse. I still know my PSAT scores by heart. I know, I know, I’m that guy. I’m not proud of this so let’s move on quickly to another semi-related topic: FICO scores. [&hellip

In Defense of John Paulson

In Defense of John Paulson

By The Banker | Blog Posts, Wall Street

I feel like there are lessons about philanthropy in John Paulson’s $400 million gift to Harvard that I haven’t seen explained yet. I don’t know John Paulson (maybe that’s already obvious?) but I feel like I know a little bit about how he thinks, having worked with, for, and as a mortgage bond professional, and [&hellip

Pundits Talking Their Book

Pundits Talking Their Book

By The Banker | Blog Posts, Texas

One of clearest, most knowledgeable, and most readable pundits on financial markets is a guy named Bill Gross. Gross, known in financial circles as the “The Bond King” and the founder of mutual fund giant PIMCO, writes an entertaining monthly letter with musings on his life, asset prices and value, and the future direction of [&hellip

The Home Improvement Myth

The Home Improvement Myth

By The Banker | Blog Posts, Personal Finance, Texas

My wife and I plan to embark on a terrible financial journey most commonly known as ‘a kitchen renovation.’ Launching ourselves into this journey reminds me of the excellent book by Jonathan Clements, a longtime Wall Street Journal columnist and author of the 1999 best-seller 25 Myths You’ve Got To Avoid If You Want to [&hellip