Credit Applications
December 15, 2008 by Carl Chapman
Filed under Credit 101
Evaluating your current credit situation is almost impossible to do for the average consumer. We have partnered with an online credit evaluation system for your use.
Credit Reports
February 27, 2008 by Carl Chapman
Filed under Credit 101
Reflecting on Checking:
Everybody knows that a lot of people keep track of credit card activity. The network for credit card information is so highly developed that credit cards information is often available to vendors at the point of retail sale. Just think of the last time you used [...]
Electronic Banking
February 27, 2008 by Carl Chapman
Filed under Credit 101
Electronic Banking
You’re out of cash and out of time, because it is 9:45pm and the bank is closed. But this doesn’t have to mean that you’re out of luck. The backbone of today’s economic structure is technology. And, from the days of the very first computer right up to the present [...]
Interest
February 27, 2008 by Carl Chapman
Filed under Credit 101
The concepts credit and interest have been around at least as long as currency and banking and it is not too difficult to trace their development.
The Sumerians, who lived in the middle-east, have provided historians the first systematic records reflecting the accumulation of interest. And the [...]
More About Check 21
February 27, 2008 by Carl Chapman
Filed under Credit 101
So now you know something about Check 21. It is supposed to be a check-system improvement that allows checks to be processed faster. What this means to you is that money may be deducted from your checking account faster than ever before. So just take a moment before you go you to [...]
Saving Money
February 27, 2008 by Carl Chapman
Filed under Credit 101
I think that the facts, past and present, clearly demonstrate that ours is inherently NOT a society of savers. We can easily conjure images of country-western living of 100 years ago or more and clearly visualize cozy households adorably accented by the trappings of the period.
The only thing [...]
Check 21
February 27, 2008 by Carl Chapman
Filed under Credit 101
Have you been caught by Check 21? You might not yet, but you probably will have a tangle with it soon.
It is very frustrating to have your checks clearing (cashing), as fast as you write them. Your entire routine of being able to write a check, knowing that it wouldn’t clear (or [...]
Early Sources of Credit
February 27, 2008 by Carl Chapman
Filed under Credit 101
Before organized consumer credit, there were five major lending sources: pawnbrokers, illegal small-loan lenders, retailers, friends and family, and mortgage lenders. Indebtedness has always been common but there was no need to closely keep track of it and report it like today. Merchants just kept the [...]
Very Early Debt
February 27, 2008 by Carl Chapman
Filed under Credit 101
History has shown the presence of a slow but strong movement toward helping to reach higher levels of commercial activity. All the steps so far mentioned have had the effect of making trade easier to conduct and have supported increased amounts of trading. Debt, the result of borrowing, is a [...]
Money, Credit and Interest
February 27, 2008 by Carl Chapman
Filed under Credit 101
Credit and debt started with the landing of the Pilgrims. The Pilgrims backed by fancy London financiers who extended them credit to be paid in quarterly installments. Meeting these obligations was going to be tough, though. The pilgrims were coming to a new place; a place whose bounty was not [...]
