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What is an Underwater Mortgage?

underwater mortgageIf you follow the newspapers you will probably have heard the term “underwater mortgage”. This has nothing to do with owning property beneath the waves but instead refers to a situation where the amount you owe on a property is more than the value of the property itself. Since the economic meltdown a few years ago there have been a lot of people who have found themselves in this unenviable situation.

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Top 5 Best Stock Trading Books Reviewed

Stock trading is something that has a lot of mystique surrounding it. There is a real hunger for knowledge about this subject from professionals, academics, and those just with a passing interest. There are now plenty of great books on the subject and where we will examine the top five best stock trading books available at the moment.

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What are Financial Derivatives?

financial derivativesThe simplest way to explain a derivative would be to say that it is a financial agreement between two parties. It derives its value from a real good or type of stock. The value of these financial derivatives will be based on the future expected price for something. So in a lot of cases the person selling the derivative will agree to provide something in the future at a price that is agreed upon now. Some people will use this as a form of investment in the hope of making a lot of money in the future.

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How Can I Clean up my Credit Report?

credit scoreIf you have a poor credit report then it will interfere with your ability to borrow money; it may even prevent this altogether. A lot of us will have had debt problems in the past and this many have harmed our ability to get finance in the future or it will mean that we will be expected to pay higher rates. It is understandable that many of us are interested in any way to clean up our credit report and luckily there are some ways that we can do this.

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What Is a Deductible?

A deductible is something that is most associated with insurance policies. It is important for anyone who is choosing many types of insurance to understand what a deductible is and how it affects them. If an insurance policy does come with this type of clause then it could mean that if you have a need to make a claim you might not be entitled to anything back.

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What are Different Types of Bank Accounts?

banking accountsBanks offer a number of different types of accounts to customers and each of these will work in different ways. It is a good idea to learn about the different accounts because that way you will be more likely to choose the one that is most suited to your needs. In fact choosing the wrong bank account could cost you money because it might mean that you losing out on interest or other benefits.

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If I Quit My Job am I Eligible for Unemployment Benefits?

If you quit your job it won’t mean that you are automatically entitled to unemployment benefits. This is because there are a number of conditions that need to be met in order for you to qualify under the scheme. The rules in regards to unemployment benefits will vary between state to state but generally speaking the onus will be on you to prove that you are entitled to this money. If you left your job without a very good reason then you might really struggle to get this type of benefit.

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What Is FICA?

The Federal Insurance Contribution Act (FICA) mandates that money needs to be collected from employers and employees and held in a special Social Security Trust Fund. It is necessary for every employee to pay a certain percentage of their wages (usually 12.5%) to go to this fund and that same amount of money is also required from the employer. This scheme has been in operation in the United States since 1935 when it was introduced by President Franklin D. Roosevelt as part of the Social Securities Act.

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