Finance and Credit Professional

Most consumers are aware of the current problems that some financial institutions are experiencing. This has caused some concern for large investors, those with CD investments over the maximum amount that is covered by the Federal Deposit Insurance Corporation. Currently, the maximum allowed is $100,000 per account.The simple answer to this problem is to spread [...]

A part of modern living involves getting and using credit. Many people would proclaim that it is better to live on the cash basis and to never owe anyone anything, and that would be good advice, but it is nearly impossible to live that way today. For the most part, American adults will have to [...]

Just like a regular savings account, a money market account is a type of savings account that is offered by banks and credit unions. The main difference is that money market accounts will usually pay higher interest, have higher minimum balance requirements, and often they only allow three to six withdrawals from the account per [...]

Wire transfers are more common than you may think. The name "wire transfer" can be misleading in this day and age. At one time, they meant transactions that were conducted through such services as Western Union, but not anymore. Today, wire transfers take place all the time, whether we know that they are happening with [...]

A joint account is a good option for those individuals who want or need more than one person authorized to use a bank account. Generally speaking, when you open a new checking or savings account at a bank or credit union your name will appear on the account and only your name will appear [...]

Your credit report is one of the most important financial documents concerning whether or not you will be able to get loans and how much interest you will have to pay on those loans. Understanding your credit report is therefore very important.One of the first things to understand about your credit report is that it [...]

Your bank can do more for you than simply hold your money and issue checks. Many banks, especially larger national banks, also offer investment and savings options for customers. Here are some of the more common ones:Bonds: A bond is a debt security certificate. In simple terms, when you buy a bond you are lending [...]

A money market account can be a good way to maximize your cash, while keeping it safe. However, some consumers may not benefit as well from this type of investment as they would from other investments. This article examines some of the more common aspects of money market accounts.Before delving into these types of account [...]

Having a checking account is a great way to keep track of your money and pay bills. Most Americans have a checking account, but many of these same people do not know how to balance their account. This can lead to bounced checks and other problems.Here are some simple steps that can help you with [...]

IRA's (Individual Retirement Account) are very popular these days, but there is often some confusion as to what a person can and cannot do in terms of rolling the account over. This article will examine a few of the common issues associated with IRA rollovers. It is important to understand that IRA rules change often, [...]