The 10 College Majors With The Lowest Unemployment Rates

[wp_ad_camp_1] Many college graduates are still struggling to find jobs in fields that are related to their major—or jobs at all in general.  The good news is, not all college graduates are experiencing this type of hardship in the job market.  In fact companies are actively seeking out college graduates in various majors.  There are even some majors that have virtually zero percent unemployment rate.  Below are ten majors that have the lowest unemployment rates and also some noteworthy runner-ups. All median salary information is from the Georgetown University Center on…

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Do 80/20 Piggyback Loans Still Exist?

[wp_ad_camp_1] Since 2008, we have seen a rapid decline of available home loan programs due to the credit crisis.  No longer are banks allowed to give out mortgages with unverified income.  And the days of no-down payment loans are over.  There is a duality to this tightening of credit.  The tigthening of credit has made it harder to buy a home.  However, at the same time, real estate is as cheap as ever to own.  The US Federal Housing Finance Agency puts the February 2011 housing price index at 181.8, which puts…

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How Your Credit Score Is Calculated

[wp_ad_camp_1] Fair Isaac (the company that invented the FICO scoring system) does not give out the exact formula for computing your FICO credit score.  However, we do have something to work with—the factors that weigh on your credit and its exact percentages.  Your credit score is calculated using the following five factors.  They percentages is how heavily it weights on your credit score.

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How To Build Good Credit

[wp_ad_camp_1] Credit is something that is very important in our society and is the currency of financial trust.  If you do not have good credit, you have the potential to lose out on a lot of savings, investment opportunities, as well as jobs.  So in this article, we will go over the key points you need to know in order to know how to build good credit.

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How Credit Cards Work: Understanding Credit Cards

[wp_ad_camp_1] A credit card is essentially a loan from a bank that can be taken out at any time during your discretion.  When you use credit, you are effectively taking out a loan against the issuer of the credit card.  Therefore, you have an obligation to pay that debt.  A credit card issuer will impose a credit limit on you according to your credit score and credit history.  Those with a bad credit score will usually have a low credit limit as well as those without a credit history.  This…

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Tips For Your First Credit Card

[wp_ad_camp_1] Getting your first credit card can be an exciting venture.  To some, it is a passage to adulthood.  You may notice that when you first arrive at college, credit card companies bombard you with offers by having booths all around campus and giving away free stuff.  All you have to do is apply and you get a bunch of free stuff.  It is important that when you apply you are applying for your first credit card, that you choose wisely and do not go crazy.  Because doing so, can…

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Difference Between HARP and HAMP

[wp_ad_camp_1] There are two government programs that homeowners qualify for; HAMP and HARP (Home Affordability Modification Program and Home Affordability Refinance Program).  But many people are confused which program they qualify for.  This article will hopefully clear up some things for you so you can get a better understanding as to which program you qualify for.  The following details the difference between the HAMP and the HARP programs.

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How Does a 401k Work and How Do You Start One

[wp_ad_camp_1] The 401K is a great retirement vehicle. But employers do not do a great job of telling teaching their employees how to invest in it. This article will teach you how to start your 401k retirement plan and explain to you exactly how a 401k works. Because of the demise of pension funds, companies have moved to the 401k in order to help employees fund their retirements.   A 401k is essentially a retirement fund in which your employer matches a portion of your investments.  So you can see…

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Beginner’s Guide To Stock Investing: How To Find Low Risk Stocks

[wp_ad_camp_1] As a beginner to stock investing, you want to start out with very simple and low-risk stock picks.   These stock picks aren’t necessarily 10-baggers (1,000% return on your investment) but they mitigate the risk of losing (too much) money.  These are stocks that will, for the most part, follow the market.  As a beginning stock investor, I feel that it is extremely important to start out with low risk stocks so you can get a feel of how the stock market reacts to certain news, numbers, and rumors.  Here…

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