Posts Tagged ‘credit cards’

FICO Part II - When To Ignore It, And Why Its Awesome

FICO Part II – When To Ignore It, And Why Its Awesome

By The Banker | Blog Posts, Personal Finance, Texas

Last week I wrote about the personal credit score, used by virtually all lenders in this country, known as FICO. But I know there are some of you who you can and should ignore your FICO score. I also want to mention the risk of paying too much for your score, the benefits of boosting your score, and [&hellip

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

Square's Small Business Lending - Innovative?

Square’s Small Business Lending – Innovative?

By The Banker | Blog Posts

A friend sent me a link this morning to an article about Square Capital’s small business cash advance business. The credit card processing company Square claims to use credit card receipts data to prompt it to advance money – within as quickly as 24 hours from the request – to existing small business customers, even [&hellip

Some Terrible Financial Advice: The

Some Terrible Financial Advice: The “Emergency Fund”

By The Banker | Blog Posts, Personal Finance

If you frequently read articles, books and blog posts about personal finance – as is my unfortunate wont – you quickly stumble upon one of the sacred cows of the genre: “The Emergency Fund.” “The Emergency Fund,” the grown-ups tell us (as in this post that showed up in my inbox yesterday,) consists of 3 [&hellip

Book Review: The Money Mentor by Tad Crawford

Book Review: The Money Mentor by Tad Crawford

By The Banker | Book Reviews, Personal Finance

I expected to hate The Money Mentor: A Tale of Financial Freedom by Tad Crawford.  Crawford wrote this modern-day fable aimed most at people who struggle with high-interest debt.  The Money Mentor is a modern-day version of George Clason’s The Richest Man in Babylon. We meet the narrator/protagonist Iris, a 20-something wannabe dancer in the [&hellip