Month: August 2008

Below are all the posts archived for the month.

What are the components of my credit score?
in Articles

Your credit score which is your FICO score is made up of five components. These five components have different weightage and together they form your credit score: Payment History (35%): Payment history is your track record of paying your bills. This is the biggest part of your credit score and influences some 35% of your
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What types of brokerage account exist?
in Articles

A brokerage account is the beginning of turning all your investments ideas into reality. You need a brokerage account in order to buy and sell stocks, mutual funds, ETFs and other assets. There are two types of brokerage accounts – Traditional Full Service Accounts and Discount Brokerage Accounts. Traditional brokerage: Traditional accounts charge you a
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What is an APR?
in Articles

APR or Annual Percentage Rate is the total cost of the debt that you will have to pay annually. The difference between the APR and the interest rate that your credit card company charges you is that APR will also include other costs like annual fee, registration fee etc. That is why the APR will
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How can I start investing in stocks?
in Articles

Starting investing in stocks can be a difficult task for a beginner. There are just so many things to think about and take care of that first time investors feel a little lost. The questions that accompany investing in stocks can be broken down into operational issues like opening a brokerage account, frequency of trading,
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How does a credit inquiry affect my credit score?
in Articles

A credit inquiry means that a creditor, like a bank or a credit card company verifies your credit, by looking at your credit report and makes an “inquiry” of sorts. There are two types of credit inquiries which are known as hard pulls and soft pulls. What are soft pull credit inquiries? Soft pulls do
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What is a CRR?
in Articles

What is CRR? Cash Reserve Ratio (CRR) is a percentage of deposits that banks must hold as cash reserves either with themselves or with the central bank. For example if the CRR is 6% and a customers have deposited $100 with a bank, the bank should in turn hold cash reserves of $6. While most
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