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Financial News

Fine Art of Obtaining a Zero Interest Credit Card 

Yes, they do exist If your credit is decent, and you know where to look, a zero-interest credit card offers financial consumers some definitive advantages. The fact is, a zero-interest credit card is worth pursuing, just based on the numbers alone. In 2017, the current average credit card interest rate was 12.77%, according to a recent study by Credit Donkey. That rate level hasn’t changed much since 2011 (at 12.74%), when Credit Donkey started tracking average credit card interest rates. Still, a 12.77% card interest rate is more than enough to start getting financial consumers clamoring for zero-interest rate cards. Such cards allow cardholders to shift high-interest rate debt to a new zero-interest rate credit card – a card that doesn’t charge an interest rate during a...

The Best Bank Sign-Up Bonuses and Perks

Photo by CafeCredit. Let’s say your bank sucks, treats you poorly, and you’re ready to break up with them. While you’re on the hunt for a new, better place to store your money, remember this: some banks will pay you to switch. Wells Fargo Customers Should Check Their Bank Accounts Read more That’s right, many banks offer sign-up bonuses. They’re sort of like credit card sign-up bonuses, but instead of points, you get cold, hard cash. Not all bank bonuses, however, are worth it. Some of them come with frustrating fine print details, like monthly maintenance fees. You don’t want to switch from one bad bank to another, so we combed through some of the most popular offers to pick the best of the bunch. Chase Bank If you open a Chase Total Checking account and set up a direct deposit into it, y...

Why Your Credit Score May Not Be As Good As You Think It Is

Daily Worth If you’re in the market for a car or home loan, chances are you ran a free credit report to see how good (or bad) your score is. Maybe you’re feeling good about yourself, and then all of a sudden you’re denied outright. What happened? Well, it’s likely because an individual can have dozens of credit scores, and your potential lender pulled one that deemed you less credit worthy than a different model. “On reports pulled the same day, I’ve seen credit scores vary by as much as 100 points across various scoring models,” writes Cassie Price, who worked in credit repair, for Daily Worth. “A potential lender may look at one score or three, and they may pull from different models for the same loan. The only score that matters is the one your lender is using.” There are two main credi...

Bitcoin Plunges 17% in a Week, While Ethereum Reaches New Record Highs

Will South Korea ban cryptocurrency trading? The thought of it has investors spooked. Bitcoin (BTC-USD) continues to drop on Friday, adding to earlier losses on the news that South Korea could ban bitcoin trading, but remains well above its Thursday lows. In the meantime, Ethereum (ETH-USD) reached a new record high this week and continues to perform well, while Ripple (XRP-USD) is giving back some of Thursday’s gains. And altcoin Stellar (XLM-USD) is soaring higher after retreating from its all-time high earlier this week.With that in mind, here’s a rundown of the latest prices and news in the cryptocurrency world. Today’s cryptocurrency prices Here’s a look at the 10 largest cryptocurrencies by market capitalization and how much each has changed over the past 24 h...

Decrypting Crypto Currencies, There’s More Opportunity Than Just Bitcoin

Beyond Bitcoin, You May Want To Check Out Ripple (XRP), A Crypto Currency That I Believe Holds Vast Potential If you haven’t heard by now, Bitcoin is up more than 1,500% this year. You’re asking, what is Bitcoin? Basically it’s a digital currency, kind of like an alternative to the dollar or euro. It was 6 cents in 2010. Yeah. If you would have bought $1,000 worth of BTC back then it would be valued at $296 MILLION today. That’s million. 2-9-6. And a few weeks ago I had a chat with one of Bitcoin’s biggest investors, Tim Draper. Tim got there early and bought 30,000 Bitcoins in 2014 for $20 million. Now valued more than $500 million. But fret not, Bitcoin is not the only digital currency in town. A few more have started to pop. Read on to which I think could be one of the next few outsized...

Wells Fargo aggressive with consumers, careful with companies

While Wells Fargo branch employees aggressively pressured consumers to sign up for new accounts, commercial bankers adopted a relatively stingy approach to lending money to companies. While Wells Fargo branch employees aggressively pressured consumers to sign up for new accounts, commercial bankers adopted a relatively stingy approach to lending money to companies. Wells Fargo CEO Tim Sloan says the company’s growth reflects some good credit decisions made by colleagues. Wells Fargo CEO Tim Sloan says the company’s growth reflects some good credit decisions made by colleagues. Wells Fargo’s admission that its employees created up to 3.5 million fraudulent accounts suggests a reckless, out-of-control culture. But the San Francisco banking giant seems to have a split personality of sorts. De...

Collateral Damage From The Inevitable Bitcoin Crash

Bitcoin is well off its all-time high, due in large part to moves by China to shut down domestic Bitcoin exchanges. Also putting pressure on Bitcoin: The People’s Bank of China recently banned initial coin offerings (ICO), thus outlawing the practice of creating and selling cryptocurrency to investors to finance startup projects in the country. Bitcoin-watchers take solace, however, in Bitcoin’s price resilience around the $4,000 mark – and hopes that China will see the light and ease its newly-minted restrictions. And then there are skeptics like myself who see China’s moves as the first few dominos to fall, heralding a complete collapse of the Bitcoin speculative bubble. I’m not going to use this article to argue that Bitcoin is in a speculative bubble, however. That fact is too obvious ...