Category Archives: Credit

Mortgage – Make Principal Payments, or Larger Retirement Contributions?

Nick Livers, Attorney at Hyden, Miron and Foster and friend-of-the-firm (check out his blog,) asks a great question: Great post, Abigail. [9 Year Mortgage – Some More Mortgage Payoff Thoughts, -ed.] I have acquaintances that ask me about this from time … Continue reading

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9 Year Mortgage – Some More Mortgage Payoff Thoughts

It turns out the post I made last September titled “9 Year Mortgage – Some Thoughts” has gotten a lot of attention.*  I’d like to write about a larger point that I didn’t make in that post, which really needs … Continue reading

Posted in Credit, Current Events | Tagged , , , , , , , | 2 Comments

I Think I Just Got Trolled By a Bank

So, I’m not going to name names here, but the other day I heard a radio spot for a local Little Rock bank.  The radio ad is meant to encourage listeners to refinance their homes with the local bank.  Here’s … Continue reading

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9 Year Mortgage – Some Thoughts

So, the other weekend I was bopping along to the radio while cleaning my house.  A commercial came on for something called “9 Year Mortgage.”  My planner antenna went up as I thought, “Sounds a little scammy, but I’ll check … Continue reading

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Credit Card Collection Practices on “The Diane Rehm Show”

There was a great episode from The Diane Rehm Show the other day “New Concerns Over Credit Card Debt Collection” (Tuesday, August 21, 2012 – 10:06 a.m.), in which credit card collection practices are discussed.  According to the episode summary … Continue reading

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Ask An Advisor: Which Credit Card Is Best?

Dear Abigail, My daughter plans to apply for a credit card.  Which one should she get? – Client Dear Client, Good question!  There are thousands of varieties of credit card available in a rainbow of colors and “metals” (even platinum!)  … Continue reading

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Compare College Costs

Another user advance from the Consumer Financial Protection Bureau: the College Cost Comparison Tool!  I wish I would’ve had this when I was younger.  It’s in its beta version right now, but I could already compare schools. It’s a pretty … Continue reading

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The One Paper I Never, Ever Throw Away…

You’ve read the headlines.  Over and over again, debt collectors are calling people who don’t owe them a penny and harassing innocent people into paying debts that aren’t owed.  An excellent example of this is documented in American Banker’s exposé … Continue reading

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Caught in Catch-22

From CNNMoney.com via Yahoo! Finance, “I Have Jobs, but No One Wants Them” by Kitt Walsh:* Many fail our background checks Owner: Jim Angleton Company: AEGIS FinServe Corp. Location: Miami Annual revenue: $1.9 million Aegis provides U.S. government agencies with … Continue reading

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Not Everyone Should Own a Home, and That’s OK.

There comes a time in every adult’s life when the urge to buy a home comes along.  Maybe friends are buying their first houses, or your elders are telling you how important it is to build up equity, or maybe … Continue reading

Posted in Credit, Real Estate | Tagged ,

Get Your Financial Concern On

I stumbled across a couple Dateline NBC programs on YouTube that you may be interested in.  The first is about credit card debt and the second is about mortgage fraud.  I don’t really have time to blog today, so I … Continue reading

Posted in Credit, Current Events, Real Estate | Tagged , , ,

Living Mortgage Free – Honestly

What is it about mortgages that attracts such throngs of scammy, bad ideas?  I just had the displeasure of cruising through the underbelly of a website that purports to sell you the secrets of shedding your mortgage.*  The site is … Continue reading

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The Unsettling “Silence” of JPMorgan Chase & Co.

Have you ever had to babysit a loud toddler?  After a while you get used to the noise and start to ignore the kid.  You step into another room, for just a minute.  Then you suddenly notice something. It’s quiet. … Continue reading

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Financial Planning And Victim Blaming

If you listen to financial planners for long, you’ll find out we are big proponents of thrift, industriousness, and planning.  That translates to a tendency to come across like pinched-mouthed finger-wagging harridans nagging the world to save more and not … Continue reading

Posted in Credit, Financial Planning, Handy Ideas | 1 Comment

But If Everyone Quit Spending On Credit, Our Economy Would Collapse!

Have you ever heard this argument before? If everyone      action phrase     , then      horrible outcome     !  Therefore we shouldn’t advise that people      action phrase     . But if everyone quit spending on credit, our economy would collapse, because no one would buy anything! There … Continue reading

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