No Interest Promotions and Card Risk in Consumer Ads
A reader questions a furniture ad promising no down payment and no interest until April 2001. Experts note footnotes require qualified buyers and may impose back interest. Debits risk higher losses than credit cards. banks cite limited liability and two day loss protection, with readers invited to write to Susan Bondy for answers.
MENTIONED IN THIS ARTICLE
National City Bank
Credit Bureau
Yields on money funds dip over past week
The seven day average yield on money market mutual funds slipped to 5.45 percent from 5.47 percent, with the 30 day average up to 5.46 percent. The seven day compounded yield eased to 5.60 percent, while the 30 day compounded yield rose to 5.61 percent. Portfolios averaged 47 days to maturity, down from 48. Money Fund Report notes the data.
MENTIONED IN THIS ARTICLE
New York
Money Market
Money Fund Report
iMoneyNet Inc
Westboro
Mass
Money Funds
Bankrate.com
Savings and Loan
Money market yields slip while CDs mostly ease
The Investment Company Institute reports yields on money market accounts dipping to 2.03 percent from 2.04. Interest checking yields rise to 0.84 percent from 0.83. Six month CDs at Bankrate.com hold at 4.96 percent with one year at 5.33, two year at 5.62, and five year at 5.99, all down from the prior week.
MENTIONED IN THIS ARTICLE
North Palm Beach, Fla. Based
Intelligent Life Corp
Bankrate.com
Internet shopping for credit may lower your score says Post
Washington Post warns online lenders can trigger credit checks when you submit Social Security numbers to compare mortgage and auto loan rates. Multiple online applications over weeks can lower your score, though models now treat many inquiries as a single request.
MENTIONED IN THIS ARTICLE
Manhattan
Rasha_ Blass
Elass
Gartner Group Inc
Connecticut
Craig Watts
Fair, Isaacs& Co
FICO
Retirement savers reluctant to change asset mixes
Investors have largely ignored Wall Street guidance amid market volatility. While Goldman Sachs and others urged shifts in stock versus bond allocations, many individuals and advisers kept to their existing plans, with mixed responses from brokers and firms.
MENTIONED IN THIS ARTICLE
Wall Street
Goldman Sachs
Abby Joseph Cohen
Cohen
DLJ Securities Corp
Tom Galvin
Also Mentioned on This Page
Susan Bondy
Susan
Gazette
Third Ave
Cedar Rapids
Iowa
Gti
Bondy
Investment Company Institute
Srothmlllannieelmeneiett
McLeodusa Incorporated
3Rd Ave. S.E
Wwwy
Dainrauscher.com
Dain Rauscher
Investment Services
Investment Banking
NYSE
SIPC
Washington Post
Blass
Gartner
David Espenschied
Countrywide.com
KRT Photo
Rasha Blass
N.Y
John Woerth
Dation
Bane of America
Thomas McManus
Duane Smith
2Nd St. S.E. Cedar RapiDs
Bonnie Varvaris
Mary Penney
MP Realty
Kirkwood
Marion
Hkirkwood
John Pappaohn