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Michael Foster

Michael Foster earned a B.A. in English at UCLA and went on to travel around Europe and Asia for a decade before coming to NYC. At one point, he got a Ph.D. Nowadays, he thinks and writes a lot about personal finance and investing.
Credit Card Use Foreign Countries

How People Use Credit Cards in Foreign Countries Other Than the U.S.

When it comes to economic issues, the media has a love affair with hyperbole. For instance, in 2010, CBS News ran a chilling report on American consumer debt. Entitled "Addicted to Debt," the story...
Student Loan Affects Credit Score

Understanding How Student Loan Debt Affects Your Credit Score

It can be hard for students and young people to build a good credit score. You need good credit to get a loan, but you need to get a loan to build up good...
Mortgage Reit Definition

What Is a Mortgage REIT (mREIT) – Definition, Risks & Suitability

Publicly traded REITs (real estate investment trusts) have attracted growing investor interest lately, thanks to their high dividends. While a large cap stock rarely pays a dividend yield above 5%, it is not uncommon...
Improve Credit Score Foreclosure

5 Ways to Improve Your Credit Score After a Foreclosure

Foreclosure rates more than quadrupled from 2005 to 2010 as the subprime mortgage crisis affected every neighborhood, suburb, and urban area in America. In 2010, the number of loans in foreclosure spiked at 4.6%...
Debt Management Affects Credit Score

How Debt Management Affects Your Credit Score – 4 Tips for Improvement

In 2000, I left America to study abroad, and thought I was being responsible by closing a few credit card accounts that I wasn't planning on using. Big mistake. Not only did closing credit accounts lower...