The only thing, and I say only thing that I agree with Obama, is his new credit card laws. I will go in depth as to what exactly each law says and doesn't. For now please read all your mail and literature that should arrive with your statements. Why you ask? The credit card companies are FORCING through all changes before the 9 month as to when Obama's rules go in effect.
For Instances most companies at will are changing the 2% min. payment up to 5%. How does that effect you? If you have just 1 credit card with a balance of $5,000 dollars - 2% is $100.00 and now it will be $250.00. What if you have 2 cards.
What if you owe the national average of $9500 again min. was $190.00 and now $475.00.
This isn't even a touch on the monthly rate or the APR in some cases up to the state max of 29.99%.
At the current moment they can do this without a notice or slip the notice in the bill. And trust me, it will not be in bold numbers. More to come!
Plus stay posted for Part II:
Tuesday, June 30, 2009
Monday, June 29, 2009
My Life Part I:
My Life Part I:
It’s time before I go to deep into all the credit it’s time to tell my story and my background before I try to pitch that I am some business and credit expert.
Let me just say, “I am”, but I was never this serious about any of this stuff let alone when I received my paycheck I never had the feelings I do today. Now, what would I mean by that. Back then about 10 years ago, I couldn’t afford college so I got a full time job at State Farm Insurance in the MailRoom. Just outside Columbus, Ohio there is a regional office. I felt my first wrath of corporate America at its best & the family values when it comes to a so called Good and Stable JOB. Later I would learn that JOB stands for JUST ABOVE BROKE.
My job at the farm was pure factory- I was in the mailroom. I was so excited to earn 9 dollars an hour. I was living at home, trying college at night, and blowing my money in 3 days. Mostly Beer & Golf. Yes I was 18, but I had friends that where much older. I’m not perfect, as you will find out, only human! I got the itch like every 19-year-old. I wanted my own apartment. With no one helping me on my personal finances I would soon be in trouble. I got my apartment but soon realized making money was key.
I had a friend that got all the job classes at the farm and their salaries. I wanted to make 30K in two years. A 12 thousand-dollar raise in two years was doable. I found that I could post out to a position in claims as an inbound operator and pass it on to the claim reps and claim processors. The operator salary started out at 24k per year (a six thousand-dollar raise) NO COLLEGE degree needed, just SOME. Boom I get it.
In 1999 I was taking an intro to business class and I ran into a beautiful women named Jen. Love can get expensive.
It’s time before I go to deep into all the credit it’s time to tell my story and my background before I try to pitch that I am some business and credit expert.
Let me just say, “I am”, but I was never this serious about any of this stuff let alone when I received my paycheck I never had the feelings I do today. Now, what would I mean by that. Back then about 10 years ago, I couldn’t afford college so I got a full time job at State Farm Insurance in the MailRoom. Just outside Columbus, Ohio there is a regional office. I felt my first wrath of corporate America at its best & the family values when it comes to a so called Good and Stable JOB. Later I would learn that JOB stands for JUST ABOVE BROKE.
My job at the farm was pure factory- I was in the mailroom. I was so excited to earn 9 dollars an hour. I was living at home, trying college at night, and blowing my money in 3 days. Mostly Beer & Golf. Yes I was 18, but I had friends that where much older. I’m not perfect, as you will find out, only human! I got the itch like every 19-year-old. I wanted my own apartment. With no one helping me on my personal finances I would soon be in trouble. I got my apartment but soon realized making money was key.
I had a friend that got all the job classes at the farm and their salaries. I wanted to make 30K in two years. A 12 thousand-dollar raise in two years was doable. I found that I could post out to a position in claims as an inbound operator and pass it on to the claim reps and claim processors. The operator salary started out at 24k per year (a six thousand-dollar raise) NO COLLEGE degree needed, just SOME. Boom I get it.
In 1999 I was taking an intro to business class and I ran into a beautiful women named Jen. Love can get expensive.
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