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It’s hard to pinpoint who has the highest credit limit in the world when there are some people who use cards that essentially have no credit limit. There are credit cards out there so exclusive, and so prestigious, used by the rich and powerful, that there isn’t a formalized limit to what they can spend on the card. As long as the bills are paid, the users of these cards can pretty much charge whatever…

If you need to talk to a banking customer service representative please call the two phone numbers below. They are the two main customer phone numbers for Bank of America. If you’re looking for the home loan line, please scroll down. Customer Service Phone Number:  1.800.432.1000 Talk to a Human Quickly: Say “Talk to an associate” – I had to say it 3 Times, Say it Until You Reach these Options: Say or Press the…

Major financial institutions often employ traders to involve themselves in buying and selling on global markets. These traders make decisions on behalf of the financial institutions, as well as on behalf of clients. These traders can make a lot of money – but sometimes they go rogue as mistakes prompt them to hide losses and make big gambles in an attempt to turn the tide. The hope is that one big payoff can erase years…

In the current climate, one of the popular options for buying a home is to buy a foreclosure. Foreclosures can provide you with a great deal. They are often below market price for comparable homes, and you can buy one as your main residence, or as an investment property. Before you get too excited about purchasing a foreclosure, though, you need to carefully consider your what you are doing. Not all foreclosures offer the same…

One of the most depressing things about credit cards is the interest rates that you are charged. The interest rate you pay can make it harder to pay down debt and obtain financial freedom. If you are looking for a bit of a break, you can call your credit card companies and negotiate a lower interest rate. This will help you put more of your payment each month toward the principal, helping you achieve financial freedom.…

I’ve been meaning to refinance our home for a long time. However, we’ve held off because we weren’t sure where we’d end up, what with my husband finishing school. He’s teaching for two local universities right now, and there is a good chance that we will, in fact, be here for a while. Which means that I am very interested in refinancing our loan. Especially now that the national average for a 30-year mortgage has…

Consumers have learned the importance of knowing their credit history and credit score. Those who do not pay attention to this important aspect of personal finance are often shocked to discover their credit may not be as “good” as they believed. Because there are so many variations in how scores are calculated and the number of scores available, many consumers decide it is easier to pay for a credit score monitoring service than try to…

Do you know how money works? One of the reasons that many people have a hard time getting ahead is due to the fact that they really don’t know how money works. When you don’t understand money, it can be too easy to fall into the debt trap, or to miss out on opportunities to make a little more money. It’s in your best interest to learn personal finance lessons, and do what you can to…

Are you ready for the next move in the war on consumers? Banks are preparing to institute debit card fees in response to the caps that are about to go into effect. Tomorrow marks the day when a cap on debit card fees charged merchants will go into effect. Banks stand to lose billions in fees – even though the modified rules aren’t as limiting as those originally proposed. Banks have been moving to increase…

One of the most important things you can do for your finances is to establish spending priorities. When you prioritize your spending, you make sure that the most important items in your budget are funded first. This means that the most important things in your life, such as making sure your housing payments are made, as well as ensuring that your children are properly fed, are taken care of first. Spending priorities are essential if…

The Federal Reserve recently downgraded the outlook for the U.S. economy. At the same time as making the announcement of the downgrade, Ben Bernanke also announced that they will be taking quantitative easing measures, beginning what has been called Operation Twist. The $400 billion program is supposed to help stimulate the economy, but there is disagreement over whether this will work. Some think that it is foolhardy, and will only encourage inflation, while others think…

One of the biggest concerns that many people have right now is identity fraud. There is good reason for concerns about identity theft: It’s the fastest growing crime. Whether someone uses your name and address to open a line of credit, or whether you credit card number is hijacked, identity theft is a very real concern. One way to protect your identity it to get a credit freeze. It won’t stop someone from using your…

One of the first, and most important things, that you need to do if you are looking to get out of debt is to stop spending more. It sounds obvious, but it really is difficult to stop digging when you’re trying to get out of the debt hole. Here are a few strategies that might help you stop the spending habit and turn things around: Put your credit cards away: As you might imagine, one…

There are many ways to save money, from buying a smaller house, to refinancing your car loan or mortgage loan, to cutting out the cable subscription. But those items are big, and they may not be practical in your life. Indeed, you might be looking for smaller, simpler ways to save money. Whether you want the money for more “fun” things, or whether you are looking to find the money to pay down debt, or…

A lot has changed since the financial crisis of 2008. And one of those things is the workforce. The last recession happened during a time when technology has advanced quite far, and there are higher costs associated with permanent workers. As a result, the workforce is changing — we may be on the verge of seeing a true decline in the full-time, full benefits workforce we have come to expect in the last few decades.…

Many people are excited about buying a home right now. This, of course, makes sense. Prices are low, and so are mortgage rates. This means that you can get a good deal on a home, and pay less in interes. However, before you pull the trigger, you need to consider whether buying a home is right for you right now. There are a number of things to consider as you decide whether or not to…

Welcome to the 119th Best of Money Carnival. Today is Labor Day, and while you’re enjoying your day off, hot dogs, chips and beer, I’m slaving away to give you the best in personal finance from this past week. If you have a worthy Personal Finance post, submit it for next week’s carnival. Editor’s Pick: CreditDoneky’s Infographic on Labor Day. Quite Fitting. I didn’t know there are 2.8 million registered nurses – quite a lot.…

Average Credit Score is 692 (out of 850). The median credit score is roughly 723 in 2011. 60% of Credit Scores are over 700, most experts believe that when a 720 or above there is little need to increase the score. (Read More: Guide: What’s a Good Credit Score) [ad#Credit Pages Large] Credit scores are one of the most important factors determining whether or not a consumer will be approved for a loan or line…

When it comes to buying a house, you need to consider your own personal finance situation. During the housing bubble, and during the loose lending standards that helped fuel it, many people fell prey to the idea of getting “more house for the mortgage.” Because of “creative financing” techniques like interest-only loans and adjustable rate mortgages with ridiculously low teaser rates, many people thought they could afford bigger homes. Of course, it soon became apparent…

One of the biggest challenges that many of us increasingly face is that of having a variable income. It is possible to budget your money on a variable income, but you do need to be better prepared for a rainy day. It’s easy to feel good about the way things are going when you have a good month with high income, but you can’t go crazy and spend to your income. What you need is…