• Celebrity Money Watch: Kenneth I. Starr, Arnie Klein in big money trouble

    Updated: 2011-03-31 21:36:52
    Kenneth I. Starr, accountant to the stars, has bilked celebrity investor clients out of millions of dollars and is now facing jail and bankruptcy. And dermatologist to the stars, Arnie Klein, who treated the likes of Michael Jackson and Elizabeth Taylor, has also filed for bankruptcy protection.

  • Emily's list: IRS prepaid debit card edition

    Updated: 2011-03-31 21:36:52
    : Living with credit 364 New , interesting products 89 Research , regulation , industry reports 212 Rewards 34 Protecting yourself 137 The fine print 59 Credit card miscellany 344 Add category 1 Celebrity Money Watch 2 Print Email Emily's list : IRS prepaid debit card edition Emily Starbuck Gerson March 18, 2011 Living with credit All right , folks you have less than a month to get those taxes filed Each year , we all pray for refunds . Some of us choose to have our refund deposited directly into our bank accounts , while others select to have it sent to us by check . This year , 600,000 Americans will have the option to receive their refunds via prepaid MyAccountCard Visa debit cards from Green Dot , a leading issuer of prepaid cards . This is currently just a pilot program for moderate

  • It's finis for Blockbuster gift cards on April 6

    Updated: 2011-03-31 21:36:52
    The closing credits are rolling for Blockbuster gift cards. As part of its slow-motion bankruptcy, the once-ubiquitous renter of videos (how quaint!) has announced it will no longer honor gift certificates or gift cards after April 6, 2011.

  • James O'Keefe's 'pay my credit card debt' plea

    Updated: 2011-03-31 21:36:52
    James O'Keefe - the man behind the recent video that caused NPR executives to lose their jobs - sent an email to supporters asking for help to pay off $50,000 in credit card debt.

  • CreditCards.com survives South by Southwest Interactive

    Updated: 2011-03-31 21:36:52
    When your boss asks whether you'd like to attend South by Southwest Interactive (or SXSWi) -- a five-day smorgasbord of emerging technology talk, networking and fun -- for the first time, the answer is pretty easy: "YES!" While many SXSWi attendees and presenters travel from across the globe to the annual conference in Austin, Texas, I was lucky to only have to head just minutes away to downtown Austin for the event.A badge and short drive made me doubly fortunate. So how did I make my SXSWi experience worthwhile? By attending all sorts of talks, enjoying several parties and scoring free food and drinks.

  • What the NFL lockout can teach you about money

    Updated: 2011-03-31 21:36:52
    It has perhaps never been more obvious that the National Football League, the undisputed king of all American sports, is a business. It's also becoming clear that some of the folks involved are no better at handling money than you or me, even though most make more money in a year than we may see in a lifetime.

  • Emily's list: Farewell magnetic stripe edition

    Updated: 2011-03-31 21:36:52
    : Living with credit 364 New , interesting products 89 Research , regulation , industry reports 212 Rewards 34 Protecting yourself 137 The fine print 59 Credit card miscellany 344 Add category 1 Celebrity Money Watch 2 Print Email Emily's list : Farewell magnetic stripe edition Emily Starbuck Gerson March 25, 2011 Living with credit It's no secret that magnetic stripe credit cards are looked down upon in Europe . At this time last year , I experienced frustration when traveling in London and merchants were extremely distrustful of my American credit cards Their chip-and-PIN cards have become such the norm there that any magnetic stripe-only card is under suspicion , as they lack that extra layer of security . Our cards are still widely accepted there they just come under more scrutiny due

  • Starbucks' mobile payment app sees explosive growth

    Updated: 2011-03-31 21:36:52
    Millions of people have made purchases at Starbucks using just their smartphones, the coffee mega-retailer said. That announcement on March 23 -- perhaps our strong indication yet of people's appetites for using mobile payments to buy everyday items -- made headlines, but it's just the latest example of the continued mainstreaming of mobile payments.

  • Emily's list: International Women's Day edition

    Updated: 2011-03-31 21:36:52
    : Living with credit 362 New , interesting products 88 Research , regulation , industry reports 212 Rewards 34 Protecting yourself 137 The fine print 59 Credit card miscellany 344 Add category 1 Celebrity Money Watch 2 Print Email Emily's list : International Women's Day edition Emily Starbuck Gerson March 11, 2011 Living with credit International Women's Day was actually on Tuesday , but I think this day that recognizes women should be celebrated all week . What started in the 1900s in the United States now celebrates ladies worldwide and aims to build a world more bright and equal for women . I definitely think that the world needs more strong female leaders . In 2009, a Harvard study found that only 1.5 percent of CEOs at leading companies are women . There has never been a female

  • Emily's list: Prepaid debit cards edition

    Updated: 2011-03-31 21:36:52
    : Living with credit 362 New , interesting products 88 Research , regulation , industry reports 212 Rewards 34 Protecting yourself 137 The fine print 59 Credit card miscellany 344 Add category 1 Celebrity Money Watch 2 Print Email Emily's list : Prepaid debit cards edition Emily Starbuck Gerson March 4, 2011 Living with credit Thanks to rising bank fees , students and young adults with simple finances may begin turning to prepaid debit cards rather than having a checking account , according to a March 1 study reported by Reuters For those with simple finances , there isn't much of a difference between these and traditional debit cards linked to bank accounts , says the study , commissioned by the Network Branded Prepaid Card Association . These cards are reloadable , and some employers can

  • 6 Key Ways to Protect Your Personal Information Online

    Updated: 2011-03-31 16:54:51
    6 Key Ways to Protect Your Personal Information Online by Tisha Tolar on March 31, 2011 Consumers are pretty well-versed in the incidents of credit card fraud but as criminals are getting savvier , it’s always wise to keep abreast of trends in fraudulent activity and how to avoid the latest exploits of cyber . criminals Cyber criminals can net billions of dollars in a year using online resources to steal credit card and other user personal identification data . In the past , all consumers really had to worry about was people swiping cards from their mailbox or looking over their shoulders at the ATM . Now , there are things like phishing intercept fraud skimming site spoofing and the latest fraud phenomenon , triangulation Consumers are getting lost in the shuffle of . technology It is

  • Citigroup Inc (NYSE:C) At Center of 'Shady' Sokol Deal...

    Updated: 2011-03-31 15:45:48
    Citigroup Inc (NYSE:C) shares are down 1.12% as this post goes live -- hopefully the bank won't get dragged into Sokol's mess. From a report on TheStreet.com this morning: "Citigroup's (C) investment bank was a key player in setting up the deal between Berkshire Hathaway (BRK.B) and Lubrizol (LZ), putting the bank at the center of a deal that may have resulted in the departure of David Sokol. According to Securities and Exchange Commission filings, Citigroup and advisory firm Evercore Partners acted as a 'financial advisor' to Lubrizol in the recent past, helping the chemical company with 'strategic alternatives [including]...

  • Understanding the Dollar

    Updated: 2011-03-30 18:15:24

  • Citigroup Inc (NYSE:C) Center of Excitement, For Once...

    Updated: 2011-03-30 15:58:42
    Citigroup Inc (NYSE:C) shares are up 1.12% this morning and it seems the press can't stop talking about its new mobile payments platform, which is made possible with the help of its technology partners, Google and MasterCard. My RSS feed is literally blowing up with stories about this payments system. As I've written here recently, the smartphone-based payments platform could wind up being a MAJOR new revenue stream for the sprawling financial services giant. And they picked a good partner -- Google's Android operating system is gaining serious market share, and seems like a solid horse to bet on. (They...

  • Time is Money

    Updated: 2011-03-30 09:38:47

  • Yes! Ford Motor Co. (NYSE:F) May See The Light...

    Updated: 2011-03-30 04:42:45
    NEWS BRIEF: Cool to see Ford Motor Co. (NYSE:F) not making the same exact mistake that General Motors (NYSE:GM) had perpetuated for decades: totally ignoring efficient gasoline alternatives. Especially as gas prices continue to rise (oil is trading just shy of $105 per barrel as I write this...), more consumers -- and commercial fleet buyers -- will seek out alternatives. From a UPI article earlier today: "Rod Phillips, Ford's commercial manager for the New England area, said rising gasoline prices and the move toward a greener economy made CNG an attractive alternative fuel source. 'Fleet managers are adding all the...

  • Cisco Systems Inc (NASDAQ:CSCO) Intelligently Acquires...

    Updated: 2011-03-30 04:32:01
    OK, finally, something positive I can write about networking giant Cisco Systems Inc (NASDAQ:CSCO) -- as The Wall Street Journal's Venture Capital Dispatch blog reported this morning, "Going from partner to owner, Cisco Systems Inc. said it would acquire newScale Inc., an IT services company born during the dot-com boom, to help its customers move into the cloud. NewScale, which had raised about $55 million in venture capital, was very familiar to Cisco, which in January began offering its software as part of a Cisco automation suite to set up private clouds. Apparently, it didn’t take long for Cisco to...

  • Federal Judge To Bank of America Corp (BAC): Carry On, Bro

    Updated: 2011-03-30 04:22:23
    Don't let a little legal icing stop you bros from selling the CDOs this world desperately wants and needs. As the Journal reported today, "A federal judge dismissed two lawsuits against Merrill Lynch & Co and Bank of America Corp (NYSE:BAC) Tuesday filed by former Merrill shareholders. The lawsuits were filed in an attempt to compel Bank of America to take action against Merrill Lynch officers and directors, in connection with alleged reckless investments in collateralized debt obligations and similar mortgage-backed securities. The former shareholders argued in one of the suits--a derivative suit--that a demand that the board of Bank...

  • Microsoft Windows Phone Could 'Obliterate' Apple Inc (AAPL) iPhone Sales: Really?

    Updated: 2011-03-30 04:12:28
    Even in a world of rather dubious market predictions from bank analysts and independent firms, this unusual little prediction takes the cake. Could Apple Inc's (NASDAQ:AAPL) globally popular iPhone OS eventually get crushed by Microsoft Corp's (NASDAQ:MSFT) Windows Phone 7 operating system? Sounds like the mid 1990's all over again! Minus the bad fashion sense and MTV's Kurt Loder being the only journalist I cared about. Enjoy this slightly insane chart of what the smartphone market will look like in 2015: Sources: IDC, CNN Money According to the CNN Money piece, "...the brave souls at IDC offered up one of...

  • Housing Prices--It's Worse than It Looks

    Updated: 2011-03-30 03:19:07

  • One Consumer Bankruptcy System, or Many?

    Updated: 2011-03-29 11:33:09

  • Is CEO of Cisco Systems Inc (NASDAQ:CSCO) Serious?

    Updated: 2011-03-29 06:00:15
    Ah, bit sad to see the once almighty Cisco Systems Inc (NASDAQ:CSCO) flailing around. From PC Magazine: "On last night's 60 Minutes correspondent Lesley Stahl interviewed Cisco CEO John Chambers, who said that Cisco had nearly $40 billion overseas that could be brought back to the U.S. if the corporate tax rate were lower. Chambers advocates a one-time tax holiday that would allow companies operating in havens abroad—such as Ireland and Switzerland—to bring money home at a rate of 5 percent, which he says, could stimulate the economy by creating new jobs domestically." Actually, dragging sketchy haven money back into...

  • Illinois Foreclosures Delayed

    Updated: 2011-03-29 02:37:16

  • More Bogus Lobbying Numbers from the Banks: Debit Interchange Rates

    Updated: 2011-03-29 02:00:07

  • The Black Card's New 2-Minute Commercial [VIDEO]

    Updated: 2011-03-28 19:44:46
    A little bit ridiculous, sure, but you have to respect 2-minute long TV commercials -- and ominous assassin/arms dealer ladies in all-black leather, with black toenail polish (naturally!), who live in nondescript concrete bunkers and own black helicopters: Get your Black Card now, as long as the $495 annual fee doesn't bother you: Tip: If you're looking for a great credit card with no annual fee, used by actual people who are not Angelina Jolie understudies, here is a great place to start. Disclosures: We have a financial relationship with Barclays/VISA Black Card. We participate in their online affiliate program.

  • Apple Inc's (AAPL) Next Music Revolution?

    Updated: 2011-03-28 18:20:50
    NEWS BRIEF: There's speculation that Apple Inc (NASDAQ:AAPL) is putting the finishing touches on a "music locker" system that would allow for iTunes song portability between an owner's devices. As TIME Magazine reported today, "A music industry veteran claims that Apple is pushing hard to launch a digital music locker service in April. This service would allow iTunes users to store their music online and access it from any compatible device." We wonder if the service would extend to digital video content as well... VERY cool, don't miss out: Be sure to read my newest column on Business Insider... I...

  • Principal Reduction Mods--Greatly Exaggerated?

    Updated: 2011-03-28 14:34:52

  • The Consumer Bankruptcy Fee Study

    Updated: 2011-03-28 12:36:19

  • 5 Critical Card Attributes You’ve Got to Compare

    Updated: 2011-03-28 01:05:27
    5 Critical Card Attributes You’ve Got to Compare by Tisha Tolar on March 28, 2011 These days , shopping for a credit card is not an easy task . With your credit score riding in the balance and the multitude of information floating around and in solicitations mailed to your home , it’s no wonder consumers are prone to making a big mistake in the personal finance game by choosing the wrong . card There are some specifics that you need to be looking at when selecting a card . In fact , it is not good enough to just read about the key characteristics of one card , you need to also compare those features to several other cards on the market . Card offers do not come in one-size-fits-all categories so you need to know what is available in order to make the smartest financial . decision What to

  • Most Sexist Credit Card Ads of All Time

    Updated: 2011-03-26 02:58:59
    Most Sexist Credit Card Ads of All Time by bhazelton on March 25, 2011 One thing often said about advertising is that it’s a reflection of the society around us . 8221 Well , maybe . The truth is that it’s more a reflection of what advertisers want society to be . like Such is the case with credit card advertising . Credit card companies , of course , make money when we spend . And when we spend too much , they make a lot of money . So there is a long tradition of suggesting that women unleash their inner shopping diva , and spend recklessly , because the husband will take care of it . Don’t believe us Check out some of The Most Sexist Credit Card Ads of : all-time 1 Hey , It Worked For Mrs . Cleaver In 1968, when this ad was printed , women theoretically used their feminine wiles” to get

  • Tips and Advice When Considering a Joint Account

    Updated: 2011-03-24 03:31:37
    Tips and Advice When Considering a Joint Account by Tisha Tolar on March 23, 2011 Love can make us do stupid things . Getting caught up in a new relationship can lead to mistakes in our financial lives that we only see in hindsight . With more people deciding to co-habitate prior to marriage , money problems often times pop up far sooner than couples are ready to deal with . them One big mistake that couples continue to make time and time again is opening joint accounts without considering the financial ramifications for each individual . When you are not married , in particular , it’s not always the smartest move to hitch your wagon to someone financially . We’ve provided some tips that are useful when considering a joint credit card account as well as some advice for how to make it an

  • Lenders continue to face scrutiny over faulty foreclosure documents

    Updated: 2011-03-22 04:08:21
    The nation's largest banks that were responsible for erroneous foreclosure paperwork will go before Congress this week to further determine how to rectify the situation and allow borrowers to save their homes.

  • Americans cutting back on small expenses to save money, study finds

    Updated: 2011-03-22 04:08:20
    Although the recession is over, the unemployment rate continues to hover around 10 percent, foreclosure and bankruptcy filings are increasing and Americans are still grappling with credit card debt. As a result, more consumers are making small lifestyle changes to reduce their expenses and save money.

  • Many lenders up rewards and discounts for holiday shopping on credit cards

    Updated: 2011-03-22 04:08:18
    Most Americans say they will either reduce their total credit card use this holiday season, or eliminate it entirely, and that's led many lenders to increase the amount of cash back rewards and discounts they give for spending at certain retailers.

  • Mortgage rates could sink even lower

    Updated: 2011-03-22 04:08:16
    For the last several months, interest rates have hovered at or near record lows - they're currently at the lowest point observed since 1951 - but some experts believe they could fall even lower.

  • Existing home sales decrease sharply in third quarter

    Updated: 2011-03-22 04:08:15
    The expiration of the home buyer tax credit earlier this year is still causing problems in the housing market.

  • Consumers will scale back credit card spending this holiday season

    Updated: 2011-03-22 04:08:14
    Americans will rely less on their credit cards when they do their holiday shopping this year, a new survey found.

  • Credit cards, mortgages targeted for reform

    Updated: 2011-03-22 04:08:11
    Credit card and mortgage terms may become easier to decipher if the new Consumer Financial Protection Agency has anything to say about it. Elizabeth Warren, Harvard professor and CFPA special advisor, recently announced her initial plans to revise credit card and mortgage agreements, which may be confusing to consumers.

  • Bankruptcy filings rise 11 percent through September

    Updated: 2011-03-22 04:08:10
    The number of consumers who were forced to file for bankruptcy so far this year topped 1.2 million through the first nine months of 2010.

  • Number of mortgage applications rose again last week

    Updated: 2011-03-22 04:08:08
    Consumers sought more mortgages yet again last week, as the number of refinances and new loans increased.

  • Consumers cut debt by $110 billion in third quarter

    Updated: 2011-03-22 04:08:06
    Americans are being more conscious of the amount of debt they carry, and as a result lowered the money they owed to creditors by about $110 billion in the third quarter.

  • Mortgage lending restrictions tighten for small banks despite less demand

    Updated: 2011-03-22 04:08:04
    Even as consumers showed less interest in taking out new mortgages or applying for refinances, small banks across the country have tightened restrictions on who they will grant these loans to.

  • Consumer credit card debt drops sharply in September

    Updated: 2011-03-22 04:08:03
    The rate at which consumers shed their credit card debt in September was the highest observed in months.

  • Fun and stress reduction trump saving money as 2011 New Year's Resolutions

    Updated: 2011-03-22 04:08:01
    Fewer consumers are concerned with building their bank accounts in 2011, opting instead to have more fun or relax, a new study reveals. The results of TD Ameritrade's annual New Year's Resolution survey shows 65 percent of respondents said saving money was their top concern, while 67 percent said they plan to either "have more fun" or "relax/reduce stress."

  • New "How-To" homebuying videos offered by HUD and Realtors to help consumers

    Updated: 2011-03-22 04:08:00
    Undergoing the process of purchasing a home can be a tedious process, namely due to the wealth of paperwork and documentation involved. But the Department of Housing and Urban Development has partnered with the National Association of Realtors to make the procedures more clear and facilitate buyers in securing a mortgage.

  • Credit scoring systems to be revised

    Updated: 2011-03-22 04:07:58
    Consumer creditworthiness has deteriorated so sharply over the past few years that the two companies responsible for formulating the most popular credit scoring systems will soon revise the way the ratings are calculated.

  • JP Morgan Chase to continue foreclosure filings

    Updated: 2011-03-22 04:07:57
    Many of the nation's largest lenders and financial institutions are continuing to sift through foreclosure documents for errors, but the halt of foreclosure proceedings may be coming to an end. JP Morgan Chase, one of the banks that discovered significant processing errors, announced it will re-start foreclosure proceedings on more than 127,000 accounts over the next few weeks.

  • Unemployment holds steady despite private sector job growth

    Updated: 2011-03-22 04:07:55
    While the national unemployment rate hovered near the average it's held for a number of months, there was considerable improvement in job growth in the private sector.

  • Consumers still unhappy with lenders despite lower debt totals

    Updated: 2011-03-22 04:07:54
    Changes instituted by the Credit Card Accountability, Responsibility and Disclosure Act have helped Americans to reduce the median consumer credit card debt considerably over the last year, but many still say they're not satisfied with their lenders.

  • Bank of America issues $173 billion in credit during third quarter

    Updated: 2011-03-22 04:07:52
    The rate at which consumers are seeking loans has increased as the economy continues to recover, and Bank of America, one of the largest lenders in the country, says it issued nearly $175 billion in credit to individuals and businesses in the third quarter.

  • Paying underwater mortgages may create economic drag

    Updated: 2011-03-22 04:07:51
    Many consumers have wondered what they can do about their underwater home loan. Some may consider simply walking away to create a strategic default, and others could be conscientious in continuing to make their payments. But a new report says the latter group might be creating an economic drag.

  • FTC may allow debt collectors to target deceased's family members

    Updated: 2011-03-22 04:07:49
    The death of a family member can take a heavy emotional toll on his or her survivors. But this strain may be even heavier if the Federal Trade Commission decides to weaken the current protections that shield survivors from deceased family members' debts.

  • Fitch: Credit card defaults and delinquencies fell in September

    Updated: 2011-03-22 04:07:48
    The number of consumers who were experiencing money problems so bad they could no longer pay their credit card bills fell in September to rates not seen since 2008.

  • Credit score literacy low among parents

    Updated: 2011-03-22 04:07:46
    Many families are taking tighter control of their finances by increasing their savings and paying down debt, but many parents do not understand how their actions affect their credit scores.

  • Mortgage applications tumble as rates rise

    Updated: 2011-03-22 04:07:45
    The number of new home loan applications that were originated across the country fell considerably over the last week thanks to an increase in mortgage rates.

  • Consumers spend less on credit cards at small businesses

    Updated: 2011-03-22 04:07:40
    The amount of credit card debt consumers have taken on at smaller, local businesses declined significantly on a year-over-year basis in the third quarter.

  • Adults should have a financial talk with aging parents

    Updated: 2011-03-22 04:07:39
    No person wants to think about medical issues or death with it comes to their parents, but elderly adults tend to develop more health problems as the years go by. And oftentimes, it's the responsibility of their adult children to provide medical or financial care. For this reason, financial professionals urge adults to have "the financial talk" with their parents and familiarize themselves with their mother and father's money situation.

  • USA Funds halts student loan defaults on nearly 1.7 million accounts

    Updated: 2011-03-22 04:07:38
    Student loan defaults continue to grow in the U.S., as more recent graduates are finding it difficult to gain employment before their six-month grace period ends. This can lead to even more problems for young adults, who will see their credit scores drop after a default, making it more difficult to secure a loan, apartment or job.

  • Some failed home loan modifications lead to foreclosure and bankruptcy

    Updated: 2011-03-22 04:07:36
    In the past year and a half, many homeowners have attempted to get a better rate on their home loan through the government's Home Affordable Modification Program. But about half of those consumers have been rejected, and some of them have found themselves in foreclosure or even bankruptcy as a result.

  • Personal income declined somewhat in September

    Updated: 2011-03-22 04:07:35
    The amount of money people took home fell very slightly between August and September, and discretionary income fell by a greater margin.

  • Consumers still carrying holiday debt from last year

    Updated: 2011-03-22 04:07:33
    The holiday season is quickly approaching and many consumers may be making preparations to begin their shopping. But new reports show consumers may be hampered by last year's holiday debt, which some are still struggling to pay off.

  • Delinquency roll rates on mortgages peaked in July 2009

    Updated: 2011-03-22 04:07:29
    The number of consumers nationwide who allowed their mortgages to lapse from one stage of delinquency to a later one peaked in the middle of last year.

  • Seniors with high value homes have jumbo mortgage option

    Updated: 2011-03-22 04:07:22
    Older Americans who own high-end homes have a new option for tapping into their home equity: reverse jumbo mortgages.

  • Financial literacy education pivotal for students

    Updated: 2011-03-22 04:07:20
    Many young adults accrue significant debt when they take on student loans. Their debt is usually exacerbated by credit cards, which many college students rely on to pay for books, food and living expenses. Many universities have established financial literacy programs for incoming freshman to advise on debt, credit cards, budgeting and saving. But financial professionals, parents and students say this may not be enough.

  • Pay down big expenses before retirement to avoid debt

    Updated: 2011-03-22 04:07:19
    Americans take on certain debts during their working years to support a family, pay for education or build their wealth. But in an individual's retirement years, certain financial obligations can be heavy to carry on a fixed income. Paying off as much debt as possible prior to retirement can help workers put more toward their nest egg and avoid eating up their savings too quickly.

  • Retirement-aged individuals facing financial obstacles

    Updated: 2011-03-22 04:07:17
    Most Americans envision a retirement of relaxing with family, relocating to a warm location, traveling or just catching up on their hobbies. Few individuals imagine working to pay off mounting debt as part of their golden years. But retirement in the U.S. is changing, as the economic downturn is forcing many workers to delay retirement and prompting others to seek out part- or full-time employment.

  • Ability to pay mortgage, rent weighs on minds of Americans

    Updated: 2011-03-22 04:07:16
    The recession has touched millions of Americans in some way, whether they have faced a job loss, lost money in the stock market or incurred a large amount of debt. Even those who have managed to avoid foreclosure or debt are reporting money-related stress. A recent survey shows one of the biggest worries on Americans' minds is whether they will be able to meet their mortgage or rent obligations, according to The Washington Post.

  • A traditional savings account can be sufficient for college planning

    Updated: 2011-03-22 04:07:15
    Recent news stories surrounding college tuition increases, slashed scholarship and grant funding combined with the student loan debt crisis has many parents worrying about funding their children's education. Some have jeopardized their retirement accounts or invested money in 529 savings plans to put their kids through school, but saving money the old-fashioned way is an undervalued method of paying for college.

  • Factor in additional homeownership costs before signing a mortgage contract

    Updated: 2011-03-22 04:07:13
    Purchasing a first home is an exciting step for many Americans. Once consumers have undergone the mortgage application process and been approved, some may mistakenly think all that's left to do is make the down payment. But the process is not that simple. Consumers should talk to their lender about the costs associated with homeownership to make sure they can afford the purchase.

  • Home prices continue to fall, report shows

    Updated: 2011-03-22 04:07:12
    Real estate market stabilization may still be a long way off, as home prices continue to decline and the latest foreclosure crisis has created an additional strain in the housing sector. A Standard & Poor's/Case-Shiller report that measured home prices in 20 metro areas shows an overall market decline of 0.2 percent, according to The Associated Press.

  • New FICO model to help mortgage lenders determine consumer credit risk

    Updated: 2011-03-22 04:07:11
    The subprime mortgage crisis forced lenders to tighten their credit standards, putting a new set of rules, regulations and requirements in motion that have made it more difficult for prospective homeowners to secure financing.

  • HUD announces some strides in foreclosure crisis

    Updated: 2011-03-22 04:07:09
    Government efforts to stem the number of foreclosure filings is seeing some positive results, as evidenced by the latest report from the U.S. Department of Housing and Urban Development.

  • Why are consumer credit scores constantly changing?

    Updated: 2011-03-22 04:07:08
    The economic downturn has put Americans' credit scores in the limelight, especially as more homeowners struggle to stave off foreclosure by refinancing or modifying their mortgage loans. Although a large majority of Americans are working to improve their scores, it's important to understand how credit scoring works - and the factors that cause consumer scores to constantly undergo changes.

  • Will Wall Street reforms alleviate foreclosure crisis?

    Updated: 2011-03-22 04:07:07
    Foreclosure filings - default notices, scheduled auctions and bank repossessions - continue to grow in the U.S. and are expected to climb through the end of the year. The mortgage loan crisis has been exacerbated by the most recent issue surrounding faulty and, in some cases, fraudulent paperwork, which has sparked lawsuits, title conflicts and halted evictions nationwide. Given the severity of the crisis, many Americans are wondering how the Wall Street reforms will play into the issue.

  • New study shows one-third of youths less hopeful due to lack of financial literacy

    Updated: 2011-03-22 04:07:06
    Young adults are usually associated with optimism and hope, but a new study shows today's youths do not hold the same dreams and values as previous generations - and a lack of financial literacy may be to blame.

  • Living Outside the Financial Mainstream

    Updated: 2011-03-22 04:07:04
    Last month, Michael Callagan's bank sent him a bill for $25. He knew it was a mistake. Armed with paperwork showing his account was not supposed to have any monthly fees, Callagan called and talked with bank employees, many of whom did not understand how the mistake occurred.

  • Divorce insurance becomes more prevalent among couples

    Updated: 2011-03-22 04:07:03
    Money issues are one of the leading causes of divorce in the U.S. Fewer couples enter into marriage without protecting their assets and financial security through prenuptial agreements, a new report reveals. Prenuptial agreements, commonly referred to as "divorce insurance," allows couples to outline how their individual assets will be protected in the event of a divorce.

  • EEOC scrutinizes employer hiring practices

    Updated: 2011-03-22 04:07:01
    The economic downturn and subsequent recession has prompted government offices to take a closer look at many industry practices and procedures employed in the U.S., ranging from credit cards and banks to healthcare. The latest issue to come under the microscope is the hiring practices of employers, many of whom use applicants' credit scores to help determine their eligibility.

  • Payday Loan Collections Scams on the Rise

    Updated: 2011-03-22 04:07:00
    The bill collector told Susan Pennell to get ready -- in two hours she would be arrested. She faced six years in jail. Her landlord would evict her family. All over a payday loan for $200 that Pennell already had repaid.

  • Fed says lending conditions, credit improved slightly

    Updated: 2011-03-22 04:06:59
    The latest edition of the Federal Reserve Bank's Beige Book revealed that conditions for lending, as well as credit for both consumers and businesses, improved slightly in September and early October.

  • Take advantage of 'Get Smart About Credit Day'

    Updated: 2011-03-22 04:06:58
    If anything positive came out of the recession, it was Americans' renewed interest in their credit scores and desire to improve their financial literacy and money management skills. The latest report from Standard and Poor's/Experian reveals loan defaults decreased across all loan sectors during September. Credit card issuers have also steadily reported a decline in consumer delinquency rates. Separate reports show Americans are saving more, spending less and focusing on debt reduction.

  • Some Important Credit Card Terms You Should Know About

    Updated: 2011-03-22 04:06:56
    Credit Card Blog Credit Card Articles Home Online Credit Card Applications Best Credit Cards Credit Card Comparison Some Important Credit Card Terms You Should Know About January 29, 2011 When you apply for a credit card you will be given one to two pages of the terms and conditions of the company . A lot of us are guilty about this we just most of the time sign the contract or the agreement without even reading the fine print . You’d say it is too long and there is really nothing important than you need to know than their rates and charges . This attitude sometimes leads to misunderstanding and conflict at . times On the fine print , you will encounter a number of jargons and these words are there for a reason so leaving it unread before signing should be a . no-no All credit card

  • The Basics of Prepaid Credit Cards

    Updated: 2011-03-22 04:06:54
    Credit Card Blog Credit Card Articles Home Online Credit Card Applications Best Credit Cards Credit Card Comparison The Basics of Prepaid Credit Cards January 27, 2011 Not only is one’s income the main deciding factor for credit card companies to approve a credit card application One’s credit rating is what determines whether a person gets approved of a card or not . With a credit report , credit card issuers will see all the loans you’ve had in the past and all the credit cards you own and whether you were able to manage repaying them . When payments were made on time , then that’s good for your . score A good credit gives you an assurance of another or a new credit card . But what if you’ve had a bad rating or never had a credit before is this indication that you should stop desiring for

  • Why Go for Instant Approved Cards

    Updated: 2011-03-22 04:06:53
    Credit Card Blog Credit Card Articles Home Online Credit Card Applications Best Credit Cards Credit Card Comparison Why Go for Instant Approved Cards January 25, 2011 You’ve probably received a phone call , an email or a brochure on you mailbox from companies offering credit cards . Reading upon the deals and offers , you might actually consider applying for one especially when you are promised of an instant approval . Before you go ahead and fill out that application form , better do a little research about the card offered and you’re considering of . getting Instant approved credit card is true to its name it’s so instant that you can get it in just few seconds . With too much shopping , you’ll just find our that you have reached your maximum credit limit but what if there is something

  • Some Credit Cards You Should Know About

    Updated: 2011-03-22 04:06:52
    Credit Card Blog Credit Card Articles Home Online Credit Card Applications Best Credit Cards Credit Card Comparison Some Credit Cards You Should Know About January 23, 2011 When one reaches the age of eighteen , he is entitled to all the legal rights of the state . The right to suffrage and yes , even the right to own a credit card . The thing though is that getting approved of a credit card nowadays has become stricter . With many customers turning out ot be credit risk , issuers are getting more careful . now Your eagerness and desire to have a credit card is nit as much the willingness of credit card companies to issue you one . Like they say try and try until you succeed . This is true with credit card application especially for first-timers and since it is the first time , tries to

  • What to Check When Applying for Credit Cards

    Updated: 2011-03-22 04:06:50
    Credit Card Blog Credit Card Articles Home Online Credit Card Applications Best Credit Cards Credit Card Comparison What to Check When Applying for Credit Cards January 21, 2011 Owning a credit card needs a great deal of self-control . It is a common denominator to a lot when one has a credit card especially for first-timers they have the tendency to abuse it . When you tend to shop everywhere without regard for how much you’re earning , you will soon realize that you’re paying for with bills which you can’t . afford It sure is very comforting having a credit card knowing that you have something to run to when emergency comes . But the thing sometimes is before we even use it for some emergencies , the card has already reached its maximum . So be very careful then with credit card .

  • Prepaid Credit Cards for a More Comfortable Card usage

    Updated: 2011-03-22 04:06:49
    Credit Card Blog Credit Card Articles Home Online Credit Card Applications Best Credit Cards Credit Card Comparison Prepaid Credit Cards for a More Comfortable Card usage January 19, 2011 Credit card companies lay different requirements in the approval of a credit card application Aside from the credit history , the also consider the age . With the old law , individuals who have reached twenty-one are given the right to credit card ownership but with the new law being applied now , unless you can show proof of income or be able to convince a parent as a co-signer so in case payments are not made , there is someone who will take responsible for . it One of the financial worries of most Americans is their monthly burden of credit card bills . There had been a lot of households who have lost

  • Which Credit Card Is Best For You?

    Updated: 2011-03-22 04:06:48
    Credit Card Blog Credit Card Articles Home Online Credit Card Applications Best Credit Cards Credit Card Comparison Which Credit Card Is Best For You January 17, 2011 The growing trend to go with credit cards instead of conventional cash has seen a rapid rise over the course of the past decade . Along with the boom of the information age , more and more people are seeing the vast advantages of going plastic . From shopping to e-banking , online bills payment and virtual cash for online games , credit cards are indeed the way to go , buying us more time for socializing , family bonding and perhaps that odd business venture or second job . With that , let’s explore the more popular credit card choices you can avail of from your nearest bank or Credit Card . Company For those just starting

  • Enjoy a High Credit, Low Interest Credit Card

    Updated: 2011-03-22 04:06:46
    , Credit Card Blog Credit Card Articles Home Online Credit Card Applications Best Credit Cards Credit Card Comparison Enjoy a High Credit , Low Interest Credit Card January 15, 2011 Individuals with an excellent credit score tend to get the most attractive features available on low interest credit cards . These credit cards are usually the best choice for anyone seeking quick credit for an urgent situation . The benefits which come with these cards definitely put the user at an advantage , particularly for those with outstanding credit ratings . Nevertheless , with virtually any financial choice , there are several aspects you should think about while going through these types of bank card . offers Remember , the devil is always in the details . Always read the fine print on the agreements

  • Get Some of Your Expenses Back Through Your Credit Card

    Updated: 2011-03-22 04:06:45
    Credit Card Blog Credit Card Articles Home Online Credit Card Applications Best Credit Cards Credit Card Comparison Get Some of Your Expenses Back Through Your Credit Card January 13, 2011 The consumers loved the idea of having rewards when spending . Surely , you would to . Imagine that Your credit card company is willing to give you some gifts and opportunity for luxurious rewards only if you spend Cash Back Credit Cards make that possible . Whenever you purchase with your credit card , credit card issuers will be willing to share their commission to you , thus operating like discounts provider . That’s right . Commission , meaning cash . You can receive the cash back rebates through a check or by crediting the amount to your credit card , meaning reducing your . debt Be careful of

  • Perfect Credit Cards for People with No Credit History

    Updated: 2011-03-22 04:06:44
    Credit Card Blog Credit Card Articles Home Online Credit Card Applications Best Credit Cards Credit Card Comparison Perfect Credit Cards for People with No Credit History January 11, 2011 People can have troubles when applying for a credit card especially when they don’t have a credit history . You may be asking whether these people will ever get a chance to build a new credit history . And yes , they will . Take note that existing credit card holders have already established their own credit card history and have all started in a scratch . Since they have made it through , it would be possible for people with no credit history to have their own credit . card So what are the appropriate credit cards for people with no credit history One is the secured credit card . It requires you to

  • Top 3 Credit Card Reward Programs

    Updated: 2011-03-21 13:00:52
    Top 3 Credit Card Reward Programs by bhazelton on March 21, 2011 Credit card reward programs have come a long way since they were introduced by Diners’ Club , allowing you the luxury of paying for food on credit . There are now rewards for every conceivable category : travel rewards , hotel rewards , gas rewards , and so . on At CreditCardAssist.com we’ve analyzed hundreds of cards to recommend the three best rewards credit cards on the market . today Here’s what we recommend , and why . Updated March 2011 Capital One VentureOne Rewards Credit Card Intro Bonus : 0 APR While many rewards cards give you one point for every dollar spent , Capital One ups the game with its VentureOne Rewards card . They give you 1.25 miles for each dollar you put on the card , with no restrictions on spending

  • Tips for Surviving Embarrassing Credit-Related Scenarios

    Updated: 2011-03-18 13:00:54
    Tips for Surviving Embarrassing Credit-Related Scenarios by Tisha Tolar on March 18, 2011 For most people , even when they know there is enough cash in the bank , they may still cringe a little with a quickened heart beat when turning their debit card over to complete  purchase transactions in a public place . There is always a little fear that something might go wrong and cause an embarrassing situation . When it comes to credit cards even when nothing is seemingly amiss , there is a still a chance you may be on the receiving end of some bad news in a public . manner Here are some of the more common , potentially embarassing credit-related situations that can arise when making purchases on your cards . Not all of them are directly your fault but can still be embarrassing and frustrating .

  • iPhoneSwiper Offers Mobile Payment Acceptance Capability

    Updated: 2011-03-16 13:00:44
    iPhoneSwiper Offers Mobile Payment Acceptance Capability by Tisha Tolar on March 16, 2011 If you are a merchant with products or services to sell while on the go , you can now use your iPhone to make your business take you further . Effective March 5, the iPhoneSwiper is available as a wireless credit card processing terminal . The terminal is free for those who sign up for a merchant account with iPhoneSwiper’s partner , Impact PaySystem from the iPhone app . store The iPhoneSwiper is presently the only credit card terminal which has the power to read the magnetic stripe on credit cards It can also scan the infra-red barcodes on products and has a thermal . printer When the terminal is used with the gateway software , merchants have total control over the products in their stores and can

  • Are You Geographically-Inclined to Spend More On Credit?

    Updated: 2011-03-15 00:43:43
    Are You Geographically-Inclined to Spend More On Credit by Tisha Tolar on March 14, 2011 Results from recent investigations from the credit reporting agency Experian say that there are certain areas of the nation that have not let the recession put a crimp in their credit card spending . While on average the total balance held by consumers on their cards has dropped from years prior , there are still certain regions and locations in the United States where consumers are spending even more on credit than . usual Who Spends the Most The state with the highest card balances is Texas , where San Antonio residents showed the most credit card debt with an average topping out at just over 5,200 on their credit cards about 20 higher than the national average . Residents of Jacksonville , FL came

  • Mar 12, debt settlement

    Updated: 2011-03-12 05:32:54
    Get assured of a bona fide debt settlement company

  • Impact of Marrying Into Credit Card Debt

    Updated: 2011-03-09 14:00:09
    Impact of Marrying Into Credit Card Debt by bhazelton on March 9, 2011 Love is a many splendored thing . When you do fall in love and if you do decide to get married , there are many considerations to make between now and ”until death do you part” , not the least of which are financial considerations . One very important consideration , in particular , is the financial standing of your future spouse but not in the way you might expect . Not financial standing with respect to how much money or how many assets your future spouse has but financial standing with respect to what kind and how much debt your prospective spouse currently has . While no respective financial expert can likely convince a couple not to get married based on debt or credit status , it is certainly an important

  • 5 Most Important Takeaways from the New CARD Act Legislation

    Updated: 2011-03-07 14:00:06
    5 Most Important Takeaways from the New CARD Act Legislation by bhazelton on March 7, 2011 In the last year , the credit card industry has undergone an overhaul and all consumers need to be acutely aware of how these changes will affect them the most . Managing your revolving credit accounts in 2011 is different in many ways as a result of the new legislation and in order to stay on top of these changes , consumers need to understand the most important aspects of credit card . reform Here are 5 of the most important takeaways from the new CARD act legislation for consumers and some key tips for managing your accounts more effectively in : 2011 Tip 1 : Open Your Mail Consumers are notorious for tossing aside unopened mail from card issuers . Under the new laws , card issuers must send a

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