Showing posts with label mortgage. Show all posts
Showing posts with label mortgage. Show all posts

Monday, 23 November 2015

All About Rudolph and Santa's Other Reindeers

Maybe it's the undeniable alliterative appeal of Rudolph the Red-Nosed reindeerthat makes him the most known or popular of all Santa's nine flying reindeers. It certainly doesn't seem as easy to come up with a similar catchy descriptionfor the others - Dasher, Dancer, Prancer, Vixen, Comet, Cupid, Donner and Blitzen - as named in the song.

The story of Rudolph whose glowing red nose made him a standout, first appearedin 1939 when Montgomery Ward department stores distributed about 2.4 millionbooklets with the poem in the form of a story about "Rudolph the Red-NosedReindeer." It was written by Robert L. May, who worked in the store'sadvertisement or marketing department, to be used to attract more people intothe store. When the booklet was reissued in 1939, sales soared to more than 3.5million copies. But it wasn't until a decade later, in 1949, that the storyreally gained immense popularity when Gene Autry sang a musical version of thefable. As a Christmas song, it is second only in popularity to 'WhiteChristmas.'

Rudolph, the ninth reindeer whose lighted nose guides Santa's sleigh through thenight, is now known worldwide as the song has been translated into more than 20different languages and an animated television movie has also been based on thestory. Rudolph and his noticeable nose have also become the subject of jokes and sparked more interest in reindeers which has led to much research into Santa andthe flying reindeers who pull his sleigh through the sky.

Along with the catchy rhythm of the lyrics, Rudolph's story is also appealingbecause of the moral lessons it contains. As the story goes, Rudolph was ostracized by the other reindeers, which laughed and teased him about his shiny red nose. But on a foggy night, when Santa must have been concerned that he maynot be able to deliver his Christmas gifts around the world, Santa spotted himand kindly asked if he would step to the front as the leader to 'guide my sleigh tonight.' His shiny red nose would after all be very useful in lighting the way, Santa thought. From then on 'all of the other reindeers loved him," and rightly predicted that he 'would go down in history.'

Among the moral lessons the story can impart is that an attribute that is perceived as negative or as a liability can be used for a positive purpose, or, become an asset. It also makes the point that an individual should not let the negative behavior of others define him or her and limit expectations of what can be achieved. And it also illustrates how quickly opinions and attitudes about a person can change.


The question still lingers however of where Rudolph came from. He is commonly regarded as the son of Donner (or Donder), one of the original eight reindeers. But the Snopes.com site rejects this however, saying that he dwelled in a reindeer village elsewhere and it was there that he was seen by Santa who had already started on his Christmas Eve journey to deliver gifts. And in a more
modern evolution of the story according to Wikipedia.com, an animation by the British Broadcasting Corporation (BBC) introduced a son, named Robbie, of Rudolph. That son has now become the tenth reindeer.

It's also interesting to note that the idea of Santa's sleigh being pulled by reindeers was originated in the poem, 'Twas The Night Before Christmas.' That poem tells the story of St. Nicholas, who is Santa, calling his eight tiny reindeers by their names, as previously mentioned, just before he came down the
chimney of a house to start filling the stockings from a sack full of toys he carried on his back.

Wednesday, 11 November 2015

5 Things To Protect Your Credit Score This Holiday Season

1. Avoid Department Store Offers for Instant Credit and Don't Open Up New Lines of Credit

"Would you like to save 10% today on your purchase today?". We have all been asked that question when paying for our purchases. Every store under the sun would like to offer you their own credit card. This is not good for your score. The damage to your score you'll incur by opening up a new line of credit is just not worth the few dollars you might save. Department score credit is poor quality credit and the credit scoring system frowns on it. Just don't apply for the card. You may want or need to apply for a new car loan, a new home loan, a re-finance a home loan. By applying for store credit to save a couple of dollars, you could be hurting your chance of getting an important loan at a good rate until the middle of next year.

2. Avoid Overspending


Spending affects credit. 30% of your credit score is made up of how you manage your debt, and when your credit card balances exceed 30% of their available limit, the credit scoring system red flags you and your score goes down instantly. The logic behind this is that if you suddenly max out your credit cards, it looks to the system as though you are in financial trouble. Only charge if you can pay the balance in full before the next statement date. Plus, overspending and overcharging will also cause you to carry larger balances longer. It is best to keep your balances low at all times.

3. Pay Your Bills On Time

Payment history is 35% of your credit score. One 30-day late can cost you 50 points or more. December is traditionally the busiest time of the year. Active calendars filled with work and social commitments for family and friends and the frenzy of the season can preoccupy you and cause you to be late in paying your bills. Make staying on top of your bills a priority. Put all of your bills in a file and make sure you pay them on time. In doing so, you will save points on your credit score and ridiculous late charges as much as $39 or more. Additionally, when you are late in paying your bills, you nullify any preferential finance rate and your account will default to a dramatically higher interest rate. A ding to your credit score, a high late fee, and a huge increase in interest rates are all big incentives to make sure you are on time with your bills. I recently got a call from a customer who had been late, but not 30 days late and the rate jumped on his card to over 30% annually!

4. Take the Time to Plan and Prepare Your Gift Giving


We all do it. We walk into a store ready to buy a specific item and end up getting lured into a spending vortex. Panic spending because the store does not have the item you went in to buy; deciding that if you buy this item for this person, then you have to buy this item for another person; succumbing to the temptation of the latest must-have gadget. You can prevent this well-woven retailer trap by doing your research online. By preparing before you even darken the automatic doorstep of the alluring retail establishment, you can determine where you can purchase specific items and for what price. In doing so, you can avoid the retail traps and retain control of your spending (and your sanity). Online shopping sites have grown tremendously in popularity. Traffic to those sites is up more than 30% from just last year. There is a wealth of information on the web. In fact, www.pricegrabber.com lists all of the hottest holiday items and tells you who sells them and for how much. Remember, if you pay your credit card bill prior to the statement date, it will help your scores. www.froogle.com is another great site to find the item for less.

5. Manage Your Credit Wisely

Keep track of your credit card balances and keep them as low as possible. Studies show that as consumers increase their credit card balances, they become increasingly apathetic about their balances and even about adding new debt. By tracking balances, you will maintain a sense of control over your credit score and your finances. Write out a chart of who you owe, how much you owe, and what the minimum payment is. It will help you to get a handle on your bills, and help start planning how to pay them off.