FICO is a measure of your credit worthyness. FICO is computed using a few inputs mainly

Your payment history
Amount owed
Credit history
Amount of New Credit
Types of credit

Simply put there is a chicken and egg game going on. You cant get credit without getting into a debt situation. When it comes to making a large purchase and using good credit such as a house or car, your FICO score plays a big roll in what rates you get, the terms, etc…

However there is something odd about this, FICO does not account for anything you do with cash. If you are someone who … Continue Reading

Times have changed, no doubt the passing of the Truth in Lending Act, a.k.a The Credit Card Bill will impact the way consumers will access and use credit.

When you go to a store near you, you walk up to the teller, hand off the new blender you like, get it scanned and pay. When you pay, you the customer make a choice, you can pay with credit instruments, or you can pay with cash or cash alternatives. The credit card bill will absolutely have some impact on how people will pay in general, but unlike brick and mortar location, … Continue Reading

Consumers plan to spend an average of $100-$250 online over the next 90 days according to the eBillme Online Spending Index, a quarterly survey examining consumer online spending released today by eBillme, the payment option that brings online banking to the checkout allowing consumers to pay securely online or in the call center with cash.

The eBillme Online Spending Index, conducted by Javelin Strategy and Research, and to be released quarterly by eBillme, polled 1,600 consumers to measure projected online spending for the quarter and the influencing factors including the economy, available payment options, security, and financial control. This quarter, … Continue Reading