Financial Source

Pros and Cons of Debt Management Programs

July 9, 2010 – 9:18 am

Of late, economic bubbles that caused the economic recessionary cycles of 2007- 2010 have also severely affected the debt and credit industry. The reaction of the recession that came out against people and borrowing consumers left behind tattered credit reports, several brutal bankruptcies and freaked out foreclosures. Over the effect was not nice and brought about a negative atmosphere among lenders and borrowers. When the recessionary cycle commenced, the rate of unemployment and frequency of lay offs substantially shot up. The people who got fired had already borrowed several secured loans, unsecured loans and were using credit cards. The effect was that these people were not able to repay bills and loan installments on time. Full Post…

Posted in Financial Source | No Comments »

Celebrate Your Financial Independence! Your Credit Score Will Get You There

July 7, 2010 – 1:16 pm

As we celebrate America’s Independence Day, why not start working on your own financial independence by better managing your credit score. In working towards financial independence, your credit score is a crucial initial step to better financial health, as well as something that stays with you throughout your entire life.

Since credit scores are calculated from your credit report, it’s a good and accurate snapshot of your general financial health. How does credit score = financial independence? In a nutshell, your credit score is your key to having financial options. The higher your credit score, the more doors it opens. Cre

Full Post…

Posted in Financial Source | No Comments »

Morgans Silver Dollars Cheap

July 7, 2010 – 6:52 am

Morgan Silver Dollars were minted in five usa mints between 1878 to 1904 as well as on one occasion more on 1921. Following the minting of Morgan Dollars arrived the Peace Dollars minted during 1921 and 1935 21-28 once for a second time in 1935 these ended up the actual last silver dollars truly minted pertaining to circulation.

These days you actually do possess the Us Silver Eagle Dollars, they are generally struck for collection and certainly not circulation. Minting involving all of these coins took place in the countries first mint Philadelphia, however you wont notice a mint mark on these kinds of coins. New Orleans mint determined by the O. San Francisco mint with the S mint mark.

Full Post…

Posted in Financial Source | No Comments »

Home Prices Show Strong Quarterly Increase

July 6, 2010 – 12:41 am

Boosted by the homebuyer tax credit, U.S. home prices posted a 5.2 percent gain in the most recent quarter of the year and are up 8.8 percent from one year ago.

According to the newest figures from real estate data firm Clear Capital, home prices across the country made strong gains in the quarter that ended in June, with all four major regions showing both quarterly and annual price gains.   The Midwestern region showed the strongest improvement, with home prices up 9.2 percent compared to the previous quarter and 17.2 percent over last year. Prices in the south were up 4.9 percent for the quarter and 6.2 percent for the year, while the Northeast was up 4.1 percent for the quarter and 5.1 percent for the year. Full Post…

Posted in Financial Source | No Comments »

Retained Earnings Calculation

July 5, 2010 – 7:22 pm

“Many stock options in the corporate world have worked in exactly that fashion: they have gained in value simply because of management retained earnings, not because it did well with the capital in its hands. ” ~ Warren Buffet

This was a strong statement on the importance of retained earnings. Whenever an organization reaps a huge profit in its business, it either pays its employees/shareholders cash flow such as dividends or reinvests a portion of the profit in business again. So for retaining earnings in business, there should always be a proof on how the earnings have been utilized in increasing the profitability of a business. Full Post…

Posted in Financial Source | No Comments »