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Nick Clements
Works at MagnifyMoney.com
Attended Stanford University
Lives in New York, NY 10024
199 followers|138,156 views
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Nick Clements

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THE credit score guide. Myths busted, rules explained - all in one place. 
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Nick Clements

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I couldn't agree more.
 
First came the open-plan office. Then came the employee chatroom. What happened to good old fashioned concentration?
The fashion for making employees collaborate has gone too far
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Nick Clements

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Are you looking to build or rebuild your credit score? Discover has just launched a new Secured Credit Card. There is no annual fee, free access to your FICO and you can earn cash back (1% + 2% on gas/restaurants up to $1,000 per quarter). The minimum deposit is $200. A solid new addition for people looking to improve their credit score. 
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5 Ways To Boost Your Credit Score in 2016!
Have you resolved to improve your credit score in 2016? We might dislike FICO, but the financial system still largely depends upon those three digits. If your goal is a higher credit score, here are five tips to help you get there. Bring, and keep, your open accounts current. The most important [...]
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The Fed is expected to increase rates today. I explain what that means for credit card debt (bad) and savings accounts (not yet good). 
The Federal Reserve is widely expected to increase interest rates for the first time since 2006 by a modest 0.25%. How will this increase impact you? The answer depends upon whether you have been a saver or a borrower. In a world of low interest rates, borrowers benefit from cheap loans [...]
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It should be interesting to see the next couple of years unfold. Best of luck to you, cheers!
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Nick Clements

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Love them or hate them - credit scores still dominate our lives. An excellent score is the key to lower interest rates on loans and lower auto insurance premiums. Make sure you avoid these 4 mistakes that can crush your credit score - at Forbes. 
Credit scores play a large role in our financial lives. FICO, the nation's leading credit score, is used in 90% of credit decisions. If you have a FICO score above 750, your excellent credit rating will help you get the lowest rates on credit cards, loans and even (in most states) [...]
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This month, the state of Minnesota introduced a program to help students refinance their student loans to lower interest rates. This Forbes article explains who is eligible, if better deals are available and whether or not this will really solve the core problem of student loan debt in America. 
This month, the state of Minnesota launched a student loan refinance program. The SELF Refi Program, which is only available to qualified residents of Minnesota, offers interest rates as low as 3%, variable. With more than $1.3 trillion of student loan debt in America, products are increasingly being created by [...]
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This is a very good step taken by State of Minnesota.
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Nick Clements

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Bernie Sanders is wrong: credit unions charge more than 15% interest, and his rate cap idea is mis-guided. A hard rate cap would hurt credit unions and the people they serve. 
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Have you made a New Year's Resolution to improve your financial situation? Great - but now what? In this eBook, Richer in 7 Hours, you can put together a (quick) game plan, and automate your actions to better ensure success. 
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The best mobile banking apps of 2015. 
Americans are doing more of their banking online and at ATMs. Chase recently reported that more checks were deposited through cell phones and at ATMs than in branches. As transactions move from branches to cell phones, the quality of mobile banking apps will become increasingly important and a point of [...]
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Before you max out your credit cards this holiday season, consider the true cost of that debt. By maxing out your cards, you score could suffer. And that could lead to higher auto insurance premiums, more expensive auto loans and more. Think before swiping this holiday season. 
Americans are estimated to spend $630.5 billion this holiday season, which is 3.7% more than last year. A significant portion of these purchases will be made on plastic, sinking many people deeper into debt. Using store cards and credit cards to buy items you can't afford has some obvious and [...]
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Education
  • Stanford University
    1996 - 2000
Basic Information
Gender
Male
Story
Tagline
I want to help you cut your costs without cutting your lifestyle. My dreams in life: cheaper banking, easier budgeting, more dogs adopted, anything Italian and good conversations with friends.
Introduction
I am the co-founder of MagnifyMoney.com - a website on a mission to make it easy to cut costs without cutting back on your lifestyle.  Interest rates on credit cards are too high.  Fees on bank accounts are too high. We will help you find better deals.  

A 15 year veteran of the banking industry, I am an outspoken expert - fighting for more transparency, greater competition and simpler products.  

I have been married for 8 years and have 2 dogs (rescued from Russia).  My ancestors came from Sicily, and I love anything Italian (the wine, the language, the opera, the food and especially the people).  

You will find me writing about banking, savings, dogs and anything Italian.  
Bragging rights
I have 2 rescue dogs (Goofski and Beatrice) who have lived in Moscow, London and now New York!
Work
Occupation
With nearly 15 years in banking - I am now focused on helping people save money.
Skills
Personal Finance, Credit Cards, Risk Management
Employment
  • MagnifyMoney.com
    Co-founder, 2013 - present
  • Barclaycard
    Managing Director, 2010 - 2013
    Ran Barclaycard UK - the #1 credit card issuer in England.
  • Citigroup
    Director of Risk Management, 2009 - 2010
    Risk Director of Western Europe; Risk Oversight of US Cards Business
  • Brysam Global Partners
    Vice President, 2007 - 2009
    Financial services private equity fund that invested in emerging market banks and credit card companies.
  • Citigroup
    Country Risk Director, 2005 - 2007
    Director of Credit Risk Management for the Russian consumer business.
Places
Map of the places this user has livedMap of the places this user has livedMap of the places this user has lived
Currently
New York, NY 10024
Previously
London SW7 2PE, United Kingdom - Moscow, Russia - Manchester, England - Zurich, Switzerland - Florence, Italy - Laguna Niguel, CA
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