My New Blog

The Federal Home Buyer's Tax Credit is coming to an end. You must have a complete purchase contract by April 30,2010 and close escrow by June 30, 2010 to see if you are eligible for the tax credit. So get your offers accepted this week.

FPF does not give tax advice, so please consult a qualified tax professional for information regarding the Home Buyer's Tax Credit.

On Feb 22, 2010 new credit card rules came into affect. Some of the rules include:

• No rate increase during first year or to existing card balances  
• Prohibit issuing cards to those younger than 21 unless parent co-signs
• Ban creditors from using the "two-cycle" billing method to impose additional interest
• Prohibit creditors from allocating payments in ways to maximize interest

• Payment History (35%)
• Outstanding Credit Balances (30%)
• Credit History (15%)
• Type of Credit (10%)
• Inquiries (10%)