Profile

Cover photo
Nick Clements
Works at MagnifyMoney.com
Attended Stanford University
Lives in New York, NY 10024
215 followers|155,793 views
AboutPostsPhotosVideos

Stream

Nick Clements

Shared publicly  - 
 
You can now get your official FICO credit score for free, thanks to Discover. And you don't need to be a Discover cardholder.
Today, Discover announced the launch of CreditScoreCard.com, a website where anyone can obtain their official FICO credit score for free. Historically, customers looking for free credit scores would turn to: Websites like CreditKarma or CreditSesame, which offer free credit scores. However, these websites provide the VantageScore instead of the official FICO score. Credit card [...]
1
Add a comment...

Nick Clements

Shared publicly  - 
 
Politicians are making lots of promises this campaign season - and one of them is to refinance student loan debt. Should you wait for the politicians or apply to a private company now? I explore the options.
The burden of student loan debt continues to increase. With more than $1.3 trillion of student loan debt outstanding and an election looming, politicians are making some big promises. Hillary Clinton, the likely Democratic presidential nominee, has promised to "enable Americans with existing student loan debt to refinance at current rates." Donald [...]
1
Add a comment...

Nick Clements

Discussion  - 
 
Warning: even the best small business credit cards can still raise your rates and hold you personally liable. Small business credit cards can be a great tool - just make sure you understand how to use them.
2
Add a comment...

Nick Clements

Shared publicly  - 
 
Just because you have an 800 credit score doesn't mean you will automatically get approved by your bank or credit card company. I explain in my first piece for the USA Today. 
Just because you have an 800 credit score doesn’t mean you're golden. Five reasons why your bank might still reject you.
1
Add a comment...

Nick Clements

Shared publicly  - 
 
4 Ways to Manage Your Student Loan Burden: You don't have to drown in high payments. 
The rapid growth in student loan debt is a big challenge facing students, graduates and parents. With more than $1.2 trillion of student loan debt outstanding, presidential candidates are making a lot of promises to help ease the nation's burden. If we believe the campaign rhetoric, we can expect free college [...]
1
Add a comment...

Nick Clements

Shared publicly  - 
 
The risks and rewards of consolidating credit card debt. 
Credit card debt is once again growing in America. The average U.S. household with debt carries $15,762 in credit card debt. The average interest rate is 13.70%, which means American families could pay more than $2,000 of interest over the next year if they make only the minimum payment. One popular [...]
1
Kevin Tran's profile photo
 
I know. How to get out of debts?
Add a comment...
In his circles
187 people
Have him in circles
215 people
Rena Zimbardo's profile photo
Tuting Planet's profile photo
Chloe Bolluck's profile photo
Jason Vitug (The Phroogal Jason)'s profile photo
Ana Mahony's profile photo
Sylvie Dauphin's profile photo
Châteaux Christine's profile photo
Amy Anna's profile photo
Laurene Dupere's profile photo

Nick Clements

Discussion  - 
 
Politicians are making promises that you will be able to refinance your student loan debt. Should you believe them (and wait), or refinance now with a private lender?
The burden of student loan debt continues to increase. With more than $1.3 trillion of student loan debt outstanding and an election looming, politicians are making some big promises. Hillary Clinton, the likely Democratic presidential nominee, has promised to "enable Americans with existing student loan debt to refinance at current rates." Donald [...]
1
Add a comment...

Nick Clements

Shared publicly  - 
 
Warning: even the best small business credit cards can do this... (Hint: raise your rates, hold you personally liable even if the business goes out of business, and more).
1
Add a comment...

Nick Clements

Discussion  - 
 
Revolvers beware: your credit score is not enough for a mortgage. 
Big changes are coming to the U.S. mortgage market. On June 25, Fannie Mae will be introducing new underwriting policies that will impact how millions of Americans qualify for a mortgage. The most meaningful change is the introduction of "trended credit data" that will punish revolvers and reward transactors. If you don't know [...]
3
Add a comment...

Nick Clements

Discussion  - 
 
4 Ways to manage your student loan burden (and yes, that includes parents!)
The rapid growth in student loan debt is a big challenge facing students, graduates and parents. With more than $1.2 trillion of student loan debt outstanding, presidential candidates are making a lot of promises to help ease the nation's burden. If we believe the campaign rhetoric, we can expect free college [...]
3
Add a comment...
 
The risks and rewards of consolidating credit card debt. 
Credit card debt is once again growing in America. The average U.S. household with debt carries $15,762 in credit card debt. The average interest rate is 13.70%, which means American families could pay more than $2,000 of interest over the next year if they make only the minimum payment. One popular [...]
5
1
TSoftOne Tran's profile photo
 
Since the interest rate on credit cards is usually very high, it takes forever to payoff the credit card debts. It is pretty amazing that adding some little extra payment could help shorten the time significantly and save a lot. Use this great Credit Card Payoff app to find out how fast you can get out of debts. https://play.google.com/store/apps/details?id=com.tsoftone.creditcardpayoff
Add a comment...

Nick Clements

Shared publicly  - 
 
And the Best Credit Cards of 2016 - read the full guide at MagnifyMoney. 
1
1
Add a comment...
People
In his circles
187 people
Have him in circles
215 people
Rena Zimbardo's profile photo
Tuting Planet's profile photo
Chloe Bolluck's profile photo
Jason Vitug (The Phroogal Jason)'s profile photo
Ana Mahony's profile photo
Sylvie Dauphin's profile photo
Châteaux Christine's profile photo
Amy Anna's profile photo
Laurene Dupere's profile photo
Collections Nick is following
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
Links
Other profiles
Contributor to
Links