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St. Pete’s credit rating gets a welcomed boost

in The Bay and the 'Burg/Top Headlines by

The City of St. Petersburg’s credit rating has been upgraded by Moody’s Investors Services from negative to stable. The upgrade in the issuer rating is based on the city’s large tax base, improved operating reserves and conservative budgeting practices. The upgrade “reflects the city’s return to positive financial operations. “My administration is committed to thoughtful fiscal management, rigorous expenditure controls and smart budgeting practices that keep structural balance in our finances and budget,” Mayor Rick Kriseman said. One of the…

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Using prepaid credit cards for future solidity

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Positioning yourself for a home loan can be a detailed, tedious process that usually begins long before you attend open house viewings or start comparing paint swatches. First-time home buyers usually secure loans underwritten by a bank. Financial institutions require you to have a solid credit rating, so establishing yourself financially is the most important step there is in preparing for mortgage responsibilities. A negative or unstable credit history can drastically reduce a person’s chances of getting approval from a financial institution for a major purchase…

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