Christy Rakoczy , Author at Money Crashers

5 Reasons You Shouldn’t Refinance a Mortgage to Pay Credit Card Debt

Christy Rakoczy — Wed, 19 Dec 2012 20:15:41 +0000

Everyone knows that credit card debt is “bad” debt due to the high interest rates on most consumer credit cards, while mortgage debt is often described as “good” debt. But sometimes the distinction between “good” and “bad” debt isn’t so clear-cut. In fact, because of this generalization, some people make the decision to refinance their

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What Is Libor – London Interbank Offered Rate History & Scandal

Christy Rakoczy — Fri, 20 Jul 2012 01:10:56 +0000

Recently, the term Libor – short for London Interbank Offered Rate – has been brought to the foreground of world news, with a scandal unfolding through an admission of fraudulent banking practices by one of the United Kingdom’s most popular banking institutions. On June 27, 2012, Barclays Bank was fined $200 million by the Commodity

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Should I Pay Off My Mortgage or Student Loans First?

Christy Rakoczy — Thu, 12 Jul 2012 18:15:29 +0000

Student loans and mortgage debt are often considered to be “good debt,” as they are forms of debt you take on in order to purchase something that should increase your net worth. “Bad debt,” on the other hand, includes credit card debt, auto loans, and other consumer debt incurred to make purchases that depreciate in

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