The Federal Reserve has advised not adding consumer protections to small business credit cards, fearing that repercussions could hurt business owners.
A report by the Federal Reserve says that giving small business cards the same legislative protections currently in place for consumer credit cards would make them more difficult for entrepreneurs to use.
The report said that enacting the protections would actually be bad news for small business owners, because card issuers would be forced to deny more new credit card applications, raise interest rates and lower spending limits on existing cards.
The Federal Reserve says that credit card companies already pay more to maintain small business cards, and that loss rates on those cards are historically 20 to 30 percent higher.
Read more…
Who is the REAL Carolyn Capalbo?
Carolyn Capalbo
Carolyn Capalbo is a Northern Virginia Real Estate agent and member of the Northern Virginia Association of REALTORS ® (NVAR) Multi-Million Dollar Club.
Carolyn recently earned the prestigious Certified Distressed Property Expert designation, which gives her added insight into foreclosure avoidance and short sales.
If you are looking for a Northern Virginia Real Estate Agent to assist you with buying or selling a home, please call Carolyn Capalbo at 703.477.6022.
You may also check out her web site @ http://www.Just4Real.com for featured properties and local market information.
Background on the OTHER Carolyn Capalbo:
Unfortunately for real estate buyers searching online for more information about Northern Virginia properties, a simple Google search for Carolyn Capalbo may return results for the mother of Ashley Alexandra Dupre.
For those of you who don’t remember Ashley, she is the “escort girl” that was involved in former New York Governor Eliot Spitzer’s prostitution ring scandal.
While some of us may have names that compete in the search engines with well known actors or sports celebrities, Northern Virginia Real Estate Agent Carolyn Capalbo is fighting an exhausting online PR battle with a famous escort’s mother.
Related Links:
- Bio – Carolyn Capalbo
- What’s In A Name?
- Getting My Name Back
Business Credit vs. Personal Credit
I’m sure we can agree that for far too long business owners have relied on the strength of their personal credit to dictate their ability to obtain funding for their businesses.
Unfortunately this dependence can be easily avoided if more business owners knew about the advantages that business credit provides.
To provide some insight I have assembled some of the key advantages of business credit compared to personal credit that I know will get your attention:
Social Security vs. Fe
Read more…
Do you publish a blog on your small business website? If so, you know how important a blog is to staying in touch with your current and future customers, as well as for SEO purposes. However, did you know you could make extra revenue from your blog?
A blog that grows a wide readership has the potential to bring in money – and not just from sales of your products or services. By monetizing your blog, you may find that an extra few hundred or even thousands of dollars a month can be a nice income stream for your business.
How To Monetize Your Blog
To make your blog work for you, you need to monetize it. T
Read more…
Hoosiers at risk of losing their homes to foreclosure are encouraged to attend a free mortgage foreclosure workshop tomorrow in Evansville.
The one-hour workshop will take place at WorkOne, 700 E. Walnut St., starting at 2 p.m.
The workshop is one of several to be conducted across the state through a partnership between the Indiana Attorney General’s Volunteers In Service To America (VISTA) members, the Indiana Foreclosure Prevention Network and the Department of Workforce Development WorkOne Centers.
Homeowners will receive information on avoiding mortgage foreclosure.
Read more…
Current average savings rates and money market rates are still very low. Interest rates are expected to head higher later this year as the Federal Reserve raises interest rates to contain inflation.
Looking for a list of the best savings account rates and money market account rates? Use our rate tables at SavingsAccount.MonitorBankRates.com to find the best rates available.
Current savings account rates and money market account rates for account balances of at least $2,500 are averaging 0.32 percent this week. Accou
Read more…