LISTEN TO BOOMTOWN RADIO! “ALL the Music That Matters for the Generation That Created Rock 'n' Roll”

Interest Rate Check-Up

Interest rates can work for us (when we’re saving or investing) or against us (when we’re buying cars or using our credit cards).

Here are some quick tips to make sure you getting the best rates in either case.

Car Loans: The rate you pay when you pay things like a new car depends on your credit score. If your score is above 740, you should be able to qualify for the lowest rates. Check your score (many credit card companies now furnish your score every month along with their invoice).

If you want to improve your score, visit MyFICO.com for helpful suggestions.

Mortgages: If it’s been a while since you last checked, find out what rate you’re currently paying. If you’re paying 1% or more over the rates banks are currently offering, it may be time to get with your bank or other lender and see if refinancing might lower your rate.

Credit Cards: If you’re a disciplined shopper, it can pay to take advantage of those 0% interest offers on balance transfers that credit card companies frequently offer. Just be aware that the transfer typically involves an up front interst charge, usually 2-3% of the balance being transferred. But if you can pay it off in the time allotted in the offer, you’ll still save far more interest.

Also it pays to shop around when getting credit cards as they can charge asignificantly different rates. To research rates and what card(s) might be best for you, visit credit.com or cardratings.com.

Pop Up Player

Latest Posts–Financial Info

  • Avoid These Retirement Mistakes
    Still working? Great! You avoided the first mistake many Boomers make – retiring too early! The longer you work, the more secure you can make your retirement years. Here are a few other common mistakes:…
  • Take the Retirement Reality Check
    Although we like to think of ourselves as “Forever Young,” the reality is that for most of us, retirement age is right around the corner. The good news is it’s never too late to make…
    Read more...
  • Stay Safe at Home
    Most homes now have Wi-Fi routers so multiple devices can access the internet. Be careful, hackers can use these devices to access your computer simply by being in your neighborhood. To keep your personal information…
  • When's the Best Time to Take Social Security?
    Money experts agree, the longer you can wait before starting to takew Social Security beneits the better off you'll be. If you can afford, wait until the maximum age of 70 (when you must start…
  • Interest Rate Check-Up
    Interest rates can work for us (when we’re saving or investing) or against us (when we’re buying cars or using our credit cards). Here are some quick tips to make sure you getting the best…
  • Have You Been Scammed by Customer Service?
    There is a new type of scam that is becoming more widespread on the internet: phony customer service numbers. Say you find a suspicious charge on your PayPal account. You Google “PayPal Customer Service Phone…