When I was 19 I had horrible credit. I had trouble renting an apartment and later buying a house. Flash forward just a few years later. I was buying a car and the salesman said, “Did you realize that you are in the top 3% of credit scores?” How did things change for me so drastically? Let me tell you my secrets.
Improving your score is very possible. Like proper sun, good soil and the right amount of water for a dying plant, you will need patience and discipline for your credit score.
Please don’t look for the easy way out of this. Don’t look for your rich uncle Stanley to give you a $3,000 gift. It is your debt. It is your responsibility. One way
Read full post…
Credit, Credit Basics
POUND
Sterling is trading stronger against the USD this morning and is staying relatively stable against the Euro within the 1.19 region. Most recent economic data has been flat with retails sales data out as expected at 0.6%. Market sentiment has improved towards riskier assets but further gains may well be hampered by concerns over the fragile state of the UK economy. There is some speculation of foreign investment flows are aiding the pound with China’s sovereign wealth fund taking a stake in Thames water. The outlook for sterling remains shaky with inflation now lower, the BoE has more room to manoeuvre on quantitative easing in order to starve off the ongoing threat of another UK recession. <
Read full post…
Sterling, Sterling Hits
A “fair performance” from the equity release market in the first quarter of this year could be considered a catalyst for providers returning to the market and new ones entering it.
Whilst the performance of the equity release market was down by 4% on the last quarter of 2010 and down 15% year-on-year according to Safe Home Income Plans (SHIP), Director General of the trade body, Andrea Rozario felt there is encouragement to be taken from Q1. She
Read full post…
Equity Release, Equity Release Market, Market, Release Market
It is a great pleasure to be here in the MaRS Discovery District, where science and innovation meet.
I am here to announce the issue of the new $100 bank note which is available, as of today, in banks across the country.
We are very proud of our innovative polymer bank notes. They are more secure, more economical, and better for the environment than any we have issued previously. These notes are also potent symbols of our rich heritage.
The design of the $100 bank note celebrates Canadian innovation in medical research, including the discovery of insulin to treat diabetes. We are honoured to issue this note on the site where Banting and Best conducted their groundbreaking research almost a century ago.
Many forget that diabetes was once a death sentence.
Read full post…
Bank Note, Note
The Monetary Policy Committee (MPC) of the Bank of England has today decided to leave unchanged the UK’s interest rate at the record low of 0.5%.
The scale of the quantitative easing asset purchase scheme has also been left unchanged, at £275bn.
The MPC has also stated that the scheme is expected to run its course by early February, and said that its scale remains under review.
The interest rate has been held steady for almost two years, having been slashed to 0.5% in March 2009 to help alleviate the worst effects of the credit crunch.
As growth appears likely to be faltering and gradual in the immediate future an increase in rates appears unlikely, and there has been some suggestion that the European Central Bank (ECB) may continue its recent cutting of rates.
Should the ECB reduce rates from their present level of 1% it would mark a new record low for the beleaguered single currency.
Qe Unchanged, Unchanged
Pacific Investment Management Company (Pimco) founder and co-chief investment officer Bill Gross offered a revised view of the global
Read full post…
Age, Age Risk
Schroders Kevin Murphy discusses tips for investors during the ‘worst consumer environment on record’.
Read full post…