25-facts-about-retail returns-in-the-US

Bringing it back: 25 Facts about retail returns (including abuse and fraud!) in the U.S.

Americans returned 8% of their purchases last year – including return fraud and abuse, costing retailers and merchants $15.9 billion annually.

1. Estimates of the total U.S. retail industry sales in 2015 are right around $3.256 trillion.

2. An astounding 8% of all retail merchandise was returned, which amounts to $260.5 billion in returns!

3. Abuse and fraud (abuse has a pretty wide definition) constitutes 6.1% of all returns, costing retailers $15.9 billion.

4. U.S. retailers lose around $9.6 billion annually on return abuse, and $14.8 ...

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when-your-credit-balances-are-reported-to-bureaus

​Can you determine when your credit balances are reported to the credit bureaus?

Your credit card bill, mortgage, or auto loan statement may have a Due Date prominently displayed, but when do those lenders actually report your balance – or if your payment is late – to the credit bureaus?

Knowing when each of your credit accounts reports can serve as a valuable aid in managing your credit score and finances. For instance, if you purposely pay down a credit card balance by this date – not just the due date – your credit ...

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questions-to-get-more-clients-have-smoother-transactions-close-more-deals

Realtors and Loan Officers – asking amazing questions can help you get more clients, have smoother transactions, and close more deals

Have you ever run into a sales professional – maybe even one of your realtor or loan officer peers – that talk a mile a minute, spouting so much information and banter that their client barely has a second to get a word in? Chances are they’re not the top-producing sales person in your office – or even anywhere close, right?

That’s because a sale occurs when you listen, not when you’re speaking. For that reason the Socratic Method – or ...

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15-things-that-wont-affect-your-credit-score

15 Things that WON’T affect your credit.

We spend a lot of time on this blog scrutinizing the factors and financial decisions that affect our credit scores, but we realize it’s important to educate consumers what WON’T hurt their credit scores. But as you go down this list, remember that there are different credit agencies and scoring models that treat things differently, and we always advocate paying all of your bills and debts on time. That being said, here are 15 things that WON’T hurt your credit ...

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20-things-the-wealthy-do-everyday

20 Things the Wealthy Do Every Day

So what do the wealthy do every day that the impoverished don’t do?

Tom Corley, on his website RichHabitsInstitute.com, outlines a few of the differences between the habits of the wealthy and impoverished.

1. 70% of wealthy eat less than 300 junk food calories per day. 97% of impoverished people eat more than 300 junk food calories per day. 23% of wealthy gamble. 52% of impoverished people gamble.

2. 80% of wealthy are focused ...

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US-facing-auto-loan-subprime-bubble-pt-1

25 Facts why we’re facing an auto loan subprime bubble

Are we facing an auto loan subprime bubble?

In part one of this blog, we discussed why America may be facing the biggest subprime bubble since the mortgage meltdown in 2008, but this time the shaky loans in question are to finance automobiles, not houses.

Will this lead to mass defaults and greater economic problems like what happened with the mortgage market? We outlined 15 facts about our auto loans and the possibility of another subprime bubble.

Here are the next 10 ...

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where-your-score-starts-affects-how-much-a-negative-item-will-hurt

Are all credit score drops treated equally? Where your score starts affects how much a negative item will hurt it.

Missing a payment, maxing out a credit card, or having an unpaid account submitted to collections are all things that could hurt your credit score. Likewise, too many inquiries of the wrong type, a bankruptcy, and applying for a store credit card may also drop your score. But most people don’t realize that how much your score drops – just a few points, or sinking to new lows – depends on what your credit score was BEFORE the damage occurred.

It’s ...

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How-long-will-negative-items-stay-on-your-report

How long do negative items stay on your credit report?

How long will late payments, collections, bankruptcies, foreclosures, and other negative items remain on your credit history?

So you slipped up and missed a credit card payment once, or the dog ate the bill for your last car loan payment so it wasn’t paid on time. Inevitably, life will throw some circumstances at us that end up as negative items on our credit report. But the question we set out to answer today is, “How long will negative information STAY on our ...

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Federal-marshals-arresting-borrowers-who-aren

Federal marshals are now arresting borrowers who aren’t paying their student loans.

Man in Texas is arrested by armed U.S. marshals and local police for not paying his student loans.

When Paul Aker walked out to the mailbox in front of his Texas home last week, two armed U.S. Marshals were waiting for him. They said they were there to arrest him, a complete surprise to Aker. Not knowing whom these armed men really were (and because this is Texas, after all) Aker went back inside his home “to get my ...

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US-facing-auto-loan-subprime-bubble-pt-1

Is America facing a subprime bubble with our auto loans?

Are we facing an auto loan subprime bubble?

America may be facing the biggest subprime bubble since the mortgage meltdown in 2008, but this time the shaky loans in question are to finance automobiles, not houses. The trends are hard to ignore:

Americans are buying more new and big cars, and financing them at record rates.

While some of that can be attributed to an improved economy, there are reasons for concern. Instead of putting money in savings or paying down ...

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