Personal Finance Mastery

It’s easier to unknowingly wreck your credit score than you think.  Last week Peter went on a rant about the credit bureaus and how they really work after learning about a troubling ordeal a friend of ours had to endure. It inspired me to look into ways people can accidently hurt their credit score. I [...]

Let me begin by saying that I believe there is much misunderstanding on how the credit agencies work, what their purpose is and how they affect your life.  I feel that in many ways the system we have currently is broken and is in need of repair.  I have 2 major issues with the how [...]

You know credit scores are important, but do you actually know how they work? There’s a lot of mis-information out there about them, so let’s cut through the clutter and get down to the truth.
FICO vs. other credit scores
The FICO score (created by Fair Isaac Corp.) is by far the dominant player when it comes [...]

Change has certainly been swirling through the personal finance industry over the past couple of years.  New laws and an increased regulatory focus have changed the rules for banks, credit card companies and consumers alike, resulting in things like a beefed up consumer bill of rights as well as new fees for checking accounts and [...]

I came across this video from Credit Cards Canada it discusses 7 Credit Card Myths and breaks down the real truth behind each.  The key answers behind these myths is true here in the United States as well and in our interconnected world where most finance companies like Visa, Mastercard, American Express and many banks all have [...]

Prosper loans with their peer to peer lending network creates a marketplace where investors and borrowers can come together and create mutually beneficial arrangements.
What Is Prosper
The San Francisco based company was founded in 2006 and is the world’s largest peer-to-peer lending network with over 1.1 million members and more than $250,000,000 in loans.
I first came across [...]

I came across this video on YouTube its an excerpt from CNN talking about Student Loan Debt in America.
Unfortunately embedding is disabled for this video so just click on the picture and it will redirect to the video on YouTube.
Some very alarming key points from the video:

Over 2/3 of US College Graduates have excessive [...]