Steven
  • Member for 10 years
  • Last seen more than a month ago
  • American Mid West
Is it better to buy a computer on my credit card, or on credit from the computer store?
15 votes

Using your credit card: May earn points for your credit card rewards program Major credit cards usually have lower APR's than store credit cards, so smaller interest charges if it takes you a while ...

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New or Used Car Advice for Recent College Grad
14 votes

Never buy a new car if cost is an issue. A big chunk of the price will disappear to depreciation as you drive it off the lot. If you want a shiny new car with the latest equipment (and if you can ...

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Stop paying your mortgage to lower your interest rate?
13 votes

I would talk to a mortgage officer or home refinance expert, not to your current bank. Your lender obviously has no interest in helping you refinance, but if you shop around you will find people who ...

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What are the most important things to ask a real estate agent before hiring them?
Accepted answer
10 votes

This is not an exhaustive list, but based on past experiences, I would ask: How are they paid, and by whom? This will usually be a standard percentage, paid by the seller, but best to go in eyes-open....

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Can I negotiate to have a credit card interest fee waived?
Accepted answer
9 votes

As the saying goes, anything is negotiable. And in this case, I have had credit card interest amounts refunded before. I had not realized that a promotional APR had ended and a higher APR was in ...

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How does a real estate agent get paid when they're helping us find rental properties (in the US)?
8 votes

Real estate agents are generally paid by the seller for a house sale, and by the landlord for a rental situation. Landlords go to agents to use their services to list the property, find new tenants, ...

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TEC Credit Score - What is it and what are my rights?
Accepted answer
7 votes

The TEC (Telecommunications, Energy, and Cable) Score is based on a separate risk model that Experian developed to be specific to telecomm and energy accounts. Supposedly this risk model uses ...

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Is it a good idea to buy a house with a low ARM monthly payment, then rent it out?
6 votes

Others have addressed the financial aspects but I also wanted to add that you should only consider this if you want to add "Landlord" to your resume. In general being a landlord can be a big job, ...

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Closing unused credit cards: how much will it really hurt?
6 votes

As I understand it, canceling your two older credit cards could hurt your credit score in two ways: By canceling the older cards, you are reducing the average age of your credit lines. Having a ...

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Should I finance rental property or own outright?
5 votes

To answer some parts of the question which are answerable as-is: Yes, mortgage interest is deductible. So is depreciation. See this question and others. It would be a good idea to put some money away ...

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What does high credit utilization really mean?
4 votes

Credit card utilization is basically the sum of the monthly balances of all cards that report to the credit agencies. The amount is reported even if you pay it off in full each month: whether you are ...

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Is it a good idea to ask for a credit limit increase on a new credit card?
3 votes

I will be bold and say that yes, it is a good idea to periodically ask for credit limit increases. Or to be more precise, it shouldn't work against you in the long term (if you can exercise fiscal ...

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When is a good time for me to change the billing address of my debit card?
3 votes

Generally speaking, it's probably best to keep your credit and debit card billing addresses set to the address you currently inhabit. This way all statements and correspondence are sent to your proper ...

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How frequently should I request additional credit?
2 votes

I don't know of a guideline to how often you can ask for an increase. You can ask as often as you like. As for consequences, refer to Is there a downside to asking for a credit increase?, where the ...

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How can I invest my $100?
0 votes

There are websites out there that let people apply for micro-loans, and let other people fund those loans, and get a percent of the interest back as the loans are paid off. I have heard of people with ...

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Cash flow implications of converting primary mortgaged residence to rental
-1 votes

You have some of the math right, but are missing a few things. Here's what I can offer - if I leave anything out, someone please expand or clarify. You do have to report the rental income as normal ...

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