What Is a Credit Application? A credit application is a request for an extension of credit. Credit applications can be done either orally or in written form, usually through an electronic system. Whether done in person or individually, the application must legally contain all pertinent information relating to the cost of the credit for the…
Cryptocurrencies of all types make use of distributed ledger technology known as blockchain. Blockchains act as decentralized systems for recording and documenting transactions that take place involving a particular digital currency. Put simply, blockchain is a transaction ledger that maintains identical copies across each member computer within a network. The fact that the ledger is…
What Is an Adverse Credit History An adverse credit history is a track record of poor repayment history on one or more loans or credit cards. Adverse credit history will be reflected in a consumer’s credit report. It will lower their credit score and make it more difficult to get a loan or credit card…
When you’re looking for a home, there are a few things you’ll need to consider—especially if you’re a first-time homebuyer. First, research the top areas where you want to live. Are you more concerned with nightlife, climate, or culture? Or do all of those things matter to you? Next, consider what kinds of amenities are…
Amazon.com, Inc. (AMZN) fell sharply with broad benchmarks on Monday, bringing a two-day decline to 6.6% while dropping under the 2018 and 2019 highs in a potential failed breakout. The 50-day exponential moving average (EMA) near $1,950 marks the major inflection point in this downdraft, with a sturdy bounce at or above that level having…
The SPDR Select Sector Health Care ETF (XLV) sold off more than 3% in sympathy with broad benchmarks in Monday’s session, but it’s likely that Bernie Sanders’ ascension to Democratic front-runner contributed to the decline. The candidate has called for a dismantling of America’s private health care system, replaced by a government-run Medicare-for-All. Pundits don’t…
Fears of a potential global pandemic have triggered significant pullbacks across the financial markets. While many investors flock to safety and move their investments into cash, others are looking at the charts in an attempt to find buying opportunities. As you’ll read about in this article, for bullish traders looking to buy into the recent…
The recent Morgan Stanley acquisition of E*TRADE is one of the biggest shake-ups in the brokerage industry in recent years. But it’s not exactly a surprise. Mergers and acquisitions are one the key trends shaping the industry at the moment, and they’re likely to continue for the foreseeable future. Yet a merger of this size…
What Is a Cashier’s Check? A cashier’s check is a secure way to make large payments. The check itself is written by a financial institution such as a bank or credit union against its own funds. When you request a cashier’s check from your bank, money is moved out of your account and into the…