Driving through Fresno last weekend, I spotted an actual “credit report” store in a little strip mall. Is this a new trend? The store had a big banner advertising “Get your credit report here!” out front. I didn’t have time to stop and investigate. If you have more information about these stores, share it in the comments section below.
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A few minutes of internet research has turned up the official real estate website for Henry Aguilar. A quick Who Is search revealed that dcoreinc.com is registered in Aguilar’s name. Aguilar is current suspected of posing as a real estate broker in order to steal more than $120,000 from unsuspecting clients.
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Today is the 10th annual National Teach Your Children to Save Day sponsored by the American Bankers Association. How can you teach your children responsible financial management? Here are some tips:
* Encourage your children to save for a major purchase – A summer’s worth of mowing lawns and saving allowance money will make that Nintendo all the more valuable.
* Dole out allowances in small bills – Instead of giving your kids a $10 or $20 bill each week, give them their allowances in smaller denominations. One $5 bill and five $1 bill’s is a much easier combination to break apart and save.
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The Sacramento Sheriff’s department currently has a warrant out for Aguilar and his accomplice Magda Gonzales. The pair are suspected of stealing more than $120,000 in a real estate identity theft scam. Posing as a mortgage broker, Aguilar bought and sold property in his client’s names without their permission. Gonzales, Aguilar’s wife and an official Notary Public, notarized the documents and helped set up stolen lines of credit.
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One of the reason banks buy credit derivatives (read: protection money) is to cover their losses in case borrowers default on mortgages. With less to lose, lenders can afford to offer more and riskier loans. But it is going to cost them … and therefore us … a lot more to insure those loans. Between September and December of 2005, the price almost doubled for credit derivatives on subprime ARMs.
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Direct deposit, credit cards, debit cards, stored value cards, gift cards, e-bill pay, auto debiting…does anyone use cash anymore? Can you even identify the new $50 bill? I saw one the other day and thought it was from a board game like Monopoly. It’s almost like we’re playing one big financial video game. I’d even be so bold and say that some of us don’t even recognize that we’re in debt.
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It’s possible that 10 or 20 people had access to your Social Security number and other financial data during tax season. All it takes is one person out of those 20 to steal your identity and wreck havoc on your credit. Identity thieves love tax season!
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Money and love go hand in hand. Not only in life, but also in music. For every romantic love song, there is also a song about cold hard cash. Remember “Money (That’s What I Want)” by The Beatles, “Money For Nothing” by Dire Straits and “If I had a Million Dollars” by the Barenaked Ladies? How about the Monty Python Money Song:
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According to the saying, “The devil is in the details…” These days, the devil is just as likely to be in the fine print.
A new website wants to expose the traps in the fine print for consumers. Mouseprint.org is the brainchild of Edgar Dworskey, a.k.a. “Mr. Consumer,” a long-time consumer advocate who also produces one of my favorite consumer information sites, ConsumerWorld.org.
The website states: The goal is to help educate the public about the catches or “gotchas” in disclaimers, and to encourage advertisers to abandon the motto, “the big print giveth, and the little print taketh away.”
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According to an Experian-Gallup survey, 71% of Americans say it is likely that a housing bubble would burst within the next year. That’s a pretty pessimistic view of the US housing market. When it comes to their own neighborhoods, however, people are much more positive. Only 32% expect the housing bubble to burst in their area in the next year and 60% expect that that housing prices will continue to rise.
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