All Questions
5
questions
3
votes
0
answers
349
views
How does “Velocity Banking” actually work?
I’ve seen this mentioned a few times now in various financial articles, but it smells like some kind of “system” a gambling addict would come up with to “beat the house”. Doing a web search on it, I ...
- 309
2
votes
1
answer
218
views
Can I use my lot as security on a credit line?
I purchased an empty lot next to my house. I'm very glad to have it, but I did naively think that perhaps that I could use this lot as something like a credit card. Using it as collateral for a ...
- 121
1
vote
1
answer
118
views
For deposit insurance limits, are accounts cross-collateralized?
The FDIC deposit insurance limit is $250,000 per depositor.
Let's say I have $350,000 in my savings account and a loan with an outstanding principal of $200,000. The accounts are with the same bank.
...
- 241
2
votes
3
answers
191
views
Does it improve my credit if I pay my credit card bill off several times a month as I use it?
I have a secured credit card of $200, if I used 30% (about $60) in the first time and pay my credit card balance in full after one week, then spend another $60 and pay it after a week, and continue in ...
- 21
5
votes
5
answers
1k
views
Where can I borrow money for investing?
Where can I borrow money in the US if I have a good credit (730+)? I have heard community unions a good place to borrow money..but the lowest they could get is 12 percent. Can I borrow from a ...
- 67