Financial Glossary

Square one: how to build credit after divorce

Going through a divorce can be one of the most stressful and emotionally draining experiences of your life. Your credit score is probably the last thing on your mind, but you do need to make sure you’re working towards a healthy financial future in the midst of the separation from your spouse.

Some people are left with a very poor credit score after divorce because they find their ex didn’t pay bills on time and ruined the credit of both parties. Others simply don’t have any financial accounts under their own name. Whatever your situation, there are some effective ways to build or re-establish credit after divorce.

Here are five ideas to help you get started.

1. Pull your credit reports

First, find out where you stand. The only way to know the status of any joint credit accounts, or accounts that were formerly maintained in both of your names, is to check your most recent credit reports from Equifax, Experian and TransUnion.

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Tags: Divorce

Tuesday, January 24th, 2012 Financial Glossary No Comments

The (Next) Big Short: Current Investments of Michael Burry and Steve Eisman

Instead of writing the 8,449th review of this book, my question was what are these characters betting against now? Now, this doesnt necessarily mean I think theyll be right, but Im still curious.

Michael Burry, Scion Capital Burry no longer accepts money from outside investors (he doesnt need to), but still invests at using his own money. He doesnt write a blog or release his recent letters to shareholders to the public, except for a few old ones. He did make a April 2011 lecture at his alma mater Vanderbilt University entitled where he sees continued problems with the government printing too much money and not tackling our current fiscal problems.

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Wednesday, January 18th, 2012 Financial Glossary No Comments

Kentucky Grain Dealer Bond Update


Kentucky grain dealers/warehouseman are affected by a revised bill that was recently enacted. The bill is titled HB 221 and modifies the bond requirements for grain warehousemen and grain dealers. The previous legislation required a surety bond of at least twenty-five cents per bushel of the total maximum bushel capacity of the warehouse or $10,000, whichever is more. HB 221 boosts the alternate minimum bond quantity from $10,000 to $25,000 and caps the maximum amount of the bond at $1 million.

Tags: Bond, Grain Dealer, Kentucky Grain, Kentucky Grain Dealer

Tuesday, January 3rd, 2012 Financial Glossary No Comments

The thief behind the counter

You hand your Visa to the waiter to pay for your dinner and he disappears with your credit card. He returns a few minutes later with your bill. You sign the credit card receipt and leave.

You don’t think anything of it until the end of the month when you receive your Visa statement, and you notice a number of charges at stores and restaurants that you know you did not make.

You had no idea that the waiter stole your credit card information in the few minutes it took for him to run the legitimate transaction…and that he then went on a spending spree courtesy of your credit card.

Paying with credit cards is convenient, but it can also raise your risk of credit card fraud if the sales clerk is unscrupulous enough to steal your account number. T

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Thursday, December 15th, 2011 Financial Glossary No Comments

Insolvency service Bankruptcy

Insolvency means a situation in which an individual or a business is unable to pay back its debt. And in the term of company insolvency is the incapability of the company to pay back iys loan.  And if an individual or a business falls in such type of situation then it is called insolvency. And insolvency occurs in your business when your assets are less than your debts.

Insolvency is the alarm of destruction in your business. And if you don’t take any step to solve insolvency then your business can face bankruptcy and liquidation which will be a bad news for you. It is not guaranteed that if you are insolvent you will have to face bankruptcy because insolvency doesn’t always mean bankruptcy. One of them is the order of debt relief in which you don’t repay all the debt, but is has some restriction also.

An insolvency practitioner’s are expert in solving insolvency situation and they are expert in solving such types of cases. They off Read more…

Tags: Insolvency Bankruptcy

Thursday, December 8th, 2011 Financial Glossary No Comments