What is Credit?

Written by John Mussi


Ever wondered what is credit? Credit is more than just a plastic card you use to buy things - it is your financial trustworthiness. Good credit means that your history of payments, employment and salary make you a good candidate for a loan, and creditors - those who lend money or services - will be more willing to work with you.

Having good credit usually translates into lower payments and more ease in borrowing money. Bad credit, however, can be a big problem. It usually results from making payments late or borrowing too much money, and it means that you might have trouble getting a car loan, a credit card, a place to live and, sometimes, a job.

A bad credit history can haunt you for a long time - seven years or more. That's whyrepparttar best thing to do is learn how to maintain good credit before there's a problem. While this might seem complicated at first, it gets easier once you understandrepparttar 137025 basics of credit and how it works.

Did you know that there are companies that keep track of whether you pay your debts and if you make payments on time? Then these companies make this information available inrepparttar 137026 form of a credit report and score.

Real Estate Growth: How Long Can It Last?

Written by Motiva Group


There has been speculation inrepparttar media recently aboutrepparttar 137016 fact that real estate will begin to fail and implode as it can only handle so much growth.

In my humble opinion these theories don’t hold a lot of merit and here is why. First, understand that there are three basic things that undercutrepparttar 137017 validity of saying that there is a real estate bubble that people are operating in.

1. There is no “international” or “national” real estate market 2. The real estate market doesn’t explode or crash 3. The market has limited impact onrepparttar 137018 seasoned investor

The Real Estate "Market" is an overall view of micro markets nation wide.

When people talk about real estate economics they are usually referring to national or international statistics which in truth are made up of thousands on micro or local real estate markets. So even though you might find a North America wide trend there are still many, many markets which will be completely at odds withrepparttar 137019 overall numbers. Real Estate Markets do not “Crash.”

We all remember October 19, 1987, known as “Black Monday.” The stock market lost 22% of its value in one day - what investors call a “crash.” History points to times which real estate values have taken 22% hits in certain cities and in pockets within cities. However, no real estate market dropped 22% in one day, one week or even one month. In fact,repparttar 137020 real estate “crash” ofrepparttar 137021 late 1980’s took several years to bottom out in most markets. Keep in mind toorepparttar 137022 overall performance ofrepparttar 137023 real estate market you are investing in. Those of you who have been active inrepparttar 137024 Edmonton marketrepparttar 137025 last few years might think thatrepparttar 137026 market is in a slump or downslide, when in realityrepparttar 137027 numbers they are recording are far above whatrepparttar 137028 average ofrepparttar 137029 last decade show.

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