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What Is A Bitcoin?

In the past several months, more and more people have been asking me about the stock market, the US Dollar, and just in general where the direction of the economy is headed. One of the questions that seems to have come up more over the past month is what is a Bitcoin? Are these fantasy dollars for those that play in the second life world? Are they coins that you can use at arcades and places like Dave & Busters? Are Bitcoins for real or are they just some other crazy scam that we should all be wary of in the future? According to www.bitcoin.org, Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the network. Bitcoin is open-source; its design is public, nobody owns or controls Bitcoin and everyone can take part. Through many of its unique properties, Bitcoin allows exciting uses that could ...

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Different Types of Credit Scores: Which Are You Getting?

As someone who has owned/operated a credit message board for 4 years running, I get quite a bit of feedback from consumers. Based on that experience, if I had to pinpoint the #1 most confusing and least understood topic within this niche, do you know what it would be? Credit scores. And my reason for saying that may not be what you think. Sure, a credit score is cryptic by nature, since its formula is a secret. But that’s not why it’s so misunderstand. Rather, the reason credit scores are confusing is because most websites that sell scores are misleading consumers. FICO vs. everyone else If you go apply for a credit card, mortgage, or car loan, there’s a good chance the creditor will be using your FICO score as part of their decision. FICO (formerly known as Fair, Isaac and Company) has been around since 1956. They were the first in the credit scoring industry. During FICO’s first couple decades, the ...

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