J.D. over on Get Rich Slowly has eliminated his debts and is ready to tackle his mortgage. He reckons you too can pay off your mortgage in half the time. I’m not sure that the technique he suggests works with UK banks, however.
Newsbites
The Simple Dollar has sparked a great debate about what to do with unused credit cards. One key thing to watch is your credit rating.
I’m a bank manager, don’t you know. Okay, I’ve been experimenting with Zopa, a peer-to-peer site for lenders and borrowers. Zopa is like an Ebay for money, in that you deal directly with Joe Public rather than institutions. If you fancy trying it, follow this link to Zopa and we’ll both get an introductory bonus. [...]
The FT columnist and renowned investor John Lee reckons UK small caps have been battered down so much by the recent mayhem that it’s time to buy. He’s been buying building stocks and hotel micro-chains.