Sneaky Credit Card Trick #5 - Skip A Payment Invits

[This post is written and copyrighted by FIRE Finance (http://firefinance.blogspot.com).]During the holiday season when our card balances are usually high, credit card companies often send offers which invite us to skip a payment. This might appear to be helpful, more so since it has come at an opportune moment when our balance is high and our wallets stretched. But be careful, whenever the

Sub Prime Mortgage Fiasco - Credit Losses So Far

[This post is written and copyrighted by FIRE Finance (http://firefinance.blogspot.com).] While doing some research on the sub prime mortgage fiasco we came across some interesting data, courtesy Bloomberg and Company. These figures show the credit losses incurred so far by various financial giants. Citigroup heads the table of losses with a gigantic $40.7 billion dollars till date. Here is the

Sunday Reviews #23 to #26 - A Compendium of Personal Finance & Frugality Posts for June 2008