Investing in real estate is often seen as a good way to make money, but there can be occasional downturns, like during a recession. This was especially true after the Collateralized Debt Obligation (CDO) Crisis when many property owners found their mortgages were higher than what their properties were worth. However, those who could keep…
If you frequently find your bank account running low or have bounced a few checks, you might be flagged in the ChexSystems database. This system helps banks keep track of customers who have had trouble managing their accounts. If you had issues at one bank, it’s not easy to just open a new account at…
As adults, we’re often advised to make smart investments for our financial well-being. This isn’t just for our benefit but also for our children’s future. Investing a good part of your income can lead to financial security and comfort. Many financially savvy individuals know the earlier you start investing, the better. The longer your money…
If you have valuable items at home, you might consider storing them in a safety deposit box for extra security and peace of mind. This can protect against potential losses from home incidents like burglaries or natural disasters such as tornadoes and floods. Setting up a safety deposit box is simple, but there are some…
Home values keep dropping, and a recent report highlights that as property values go down, more American homeowners find themselves with negative equity. This means they can’t sell their homes for enough to cover what they owe on their mortgages, pay real estate agents, and fund the down payment for a new house without dipping…
Do you have unused spaces in your home like the basement, attic, garage, storage unit, or an extra room just sitting empty? You might not have thought about it, but these areas could turn into money-making assets for you. Here are some creative ways to transform your unused spaces into extra income: 1. RENT OUT…
Prosper is a groundbreaking online lending platform that connects borrowers directly with lenders, cutting out the banks. Since its start in 2006, Prosper.com has grown to be the top peer-to-peer lending service, boasting over 1 million users and handling loans worth more than $262 million. It attracts borrowers with competitive loan rates starting at 6.59%…
The UAE banking sector is finally seeing some positive developments after a few tough years, thanks to an improved infrastructure supporting this growth. Banks are now focusing on expanding their retail portfolios and setting aside provisions for bad loans. This has led to a noticeable drop in bad debt and a consequent rise in lending….
Payday loans have had a pretty bad rap over the years. This led the Financial Conduct Authority (FCA) to tighten its rules in April 2014, followed by more regulations from the government in January 2015. These steps aim to bring more clarity to how payday loan companies operate. Such oversight is critical since the industry…
Bill Gates is set to announce a plan to create the Breakthrough Energy Coalition, a multi-billion dollar fund. This coalition will pool resources from over two dozen public and private entities, including national governments, billionaire philanthropists, investment fund managers, and tech CEOs. There isn’t a specific fundraising target for private investors, but the fund represents…