FedEx, UPS, or the Post Office… who has the cheapest overnight shipping? Money Editor Stacy Johnson has an intersting report on this that might surprise you. (Video runs 1:27)…
Questions or comments? Use the comment link below and let us hear from you.
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Do you make New Year's Resolutions? Many people do, only to find that most of them have fallen by the wayside before the end of January.
Have you made any for 2009? (Other than hoping it will be financially better than 2008).
Tell us about your New Year's Resolution, and what you honestly feel is your chance for sticking to your resolution past the end of January. We'd love to hear from you. Use the comment link below to chime in, and remember, your email address is NEVER published on this site.
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Have you had a credit card company notify you they were cancelling or closing an account you had with them?
Many card issuers are doing just that. Credit-card companies lose money on dormant accounts, and as they feel the economic pinch, they’re more apt to close them. Unfortunately, closing a credit card account can lower your credit score. The length of time your accounts have been open is the third most heavily weighed factor in your FICO score (after timeliness of payments and the amount you owe). Plus, eliminating a card reduces your available credit, which could also lower your score.
Some card companies will consider reopening inactive accounts, especially if the account was recently closed and the customer had been with the bank for a long time.
Tip: If you have a lot of other cards and a credit score of 720 or higher, one closure won’t have much effect on your score. But if you have a slim credit history and few cards, it’s wise to make sure your oldest accounts stay active. So use your card at least once every three or four months. Then be sure to pay it off every month so you’re not racking up big interest charges.
What about you? Have you had a card canceled by your credit card company? Tell us about it. Were you able to get them to change their tune? Use the comment link below to sound off. Your email address will NOT be revealed when your comment is published here.
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Our January 2009 Newsletter is now up…
From the right Nav Menu, Find "PAGES AND NEWSLETTERS" and Select "December 2009 below "Our Monthly Newsletters".
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Thanks for visiting our blog and website in 2008… we look forward to helping you with all of your real estate and mortgage related questions in 2009!
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