The year of 2008 will be remembered and identified by the worldwide market crash that hit the economies of many countries, big and small. The global financial crisis ruined quite a few large financial firms which resulted in the collapse of thousands of smaller dependent companies and businesses. Combined with the sub prime mortgage crisis, bad debts, lack of liquidity, corruption and poor government control are pointed out as the main reasons for the market dip. Although the crisis erupted w... Read Full Story

History Ford Motor Company was found in June 16, 1903 with the simple idea of making quality, affordable vehicles so people can afford to buy and use them as they were not just a matter of luxury.  Henry Ford was in the root of this new, Detroit-based car manufacturer. On par with 87 other automobile manufacturers this young company had to quickly improvise in order to stay afloat. Many great innovations came to life in 1920’s – Ford was the first car company to introduce a conveyer-belt asse... Read Full Story

With the current economic crisis spreading worldwide, many individuals are forced to seek new ways to save businesses, homes and other property. Not that long ago, the word ‘bankruptcy’ was something feared more than death and it was avoided at all costs. Nowadays, however, many resort to bankruptcy lawyers in order to be able to get out of the hole and at least partially save what they have. In a matter of fact, as per CNN ‘consumer bankruptcy filing increased almost 50% ov... Read Full Story

Nowadays, when consumers are measured by the quality of their credit file, bad credit can be devastating. Bad credit can easily prevent you from getting a simple loan, a credit card, a cell phone or even a job. Good credit, on the other side can give you access to many great perks such as 0% or low APR loans, cash-back and point programs and other good stuff. When you are filling out a credit card application,  several things happen: 1) All your personal information is collected and verified ... Read Full Story

People often tend to overlook small things, but we have to always remember: the devil is in the details. Little things can change our lives, and it is not necessary that they are complicated. Take a look at this effortless list and pick what you can do to save some money the easy way. Coffee, or the Starbucks Effect – since when do we need coffee every morning in order to get us going? Price it at least $2 per day, and in one year you can easily spend up to $600. Brewing your coffee, on the o... Read Full Story

There are several websites and even programs out there that let you search a zip code for gas stations with lower gas prices. But is it really cost-effective to spend time and gas driving around just to save a questionable amount of money? Let’s do a quick estimate. Say a gallon of gas costs $4.00 at Gas station 1, and that gas place is 1 mile away. Gas station 2 sells the same gasoline for a lower price, $3.85, and its 3 miles away. For this example, our vehicle will have a 12-gallon fuel ta... Read Full Story

Buying a used car is like buying a cat in a bag – most of the time you won’t know about the problems the vehicle may have until after you sign the documents and drive off. Unfortunately, there is never a 100% guarantee, but here are some helpful tips on how to do as much as possible to ensure that the vehicle is good. Check the history records: Carfax.com offers a vehicle history report. You will need the vehicle’s VIN number (ask the person selling it) in order to run the report. It will pro... Read Full Story

Not that long ago Chrysler’s marketing department came up with a new way to sell their cars and boost up the manufacturer’s plunging sales. They have turned the consumer’s concentration to a possible light in the tunnel in the recent gas price craze - under the motto ‘Let’s Refuel America’ Chrysler offered what firstly seemed as a great benefit to the buyer: a $2.99 gas price guarantee for up to three years. Sounds wonderful, but how about the fine print? U... Read Full Story

When it comes to applying for a mortgage to buy a home, lenders are on the lookout for specific criteria. While applying and qualifying for a mortgage is not an insurmountable task, it is important that you rate high in many of the key areas or you are not likely to be approved. Let us take a look at these essential areas. Job Stability Lenders like to approve individuals who have held the same job for at least two years if not longer. Jumping from job to job or having holes in your job histo... Read Full Story

When credit cards first came into existence there was only one type, the unsecured credit card. If you had good credit and passed all of the relevant criteria, such as a specific income level and working at the same job for a number of years, then you were approved for a credit limit set by the financial institution. Unfortunately many people run into financial difficulties and do not qualify for this type of credit card. Thus the door was opened to the secured credit card. The secured credit... Read Full Story