As 2010 drew to a close, Credit.com’s experts took a look at the year ahead to give consumers some idea of what to expect from 2011 in the realms of credit, personal finance and the mortgage industry. Check out what they have to say:
2011: A Look Ahead
Will we see a credit thaw before springtime? Will debit card rewards go the way of the Dodo? Our personal finance and credit advisor, Gerri Detweiler, takes a look at these and other emerging trends for 2011.
Top Five Personal Finance Predictions for 2011
New year, new you…but the economy remains the same, according to Credit.com’s personal finance contributor Farnoosh Torabi. You won’t see monumental improvement in home sales, student loan debt or jobs. The silver lining: faced with poor job prospects, consumers will likely become more entrepreneurial.
Mortgage Industry Forecast for 2011
There’s talk of eliminating tax deductions for mortgage interest, but don’t let that deter you from buying a home. And while there will be many good opportunities for homebuyers, there are a few caveats, as well. Randy Johnson, Credit.com’s mortgage expert, gives you the inside track on these and other trends in the coming year.
Prioritizing Financial Literacy in 2011
Credit.com’s chairman and co-founder, Adam Levin, takes a look at how far financial legislation has come in recent years – and how much more work is needed. His main prediction, however: 2011 (and the years beyond) are likely to be more difficult for the financially illiterate. Bottom line, get (and stay) educated, and you’ll be better prepared to deal with the complex and ever-changing landscape of credit and personal finance.
Six Credit Card Predictions for 2011
Now that the CARD Act is in full effect, 2011 is going to be the best year yet for consumer credit, right? Not so fast. Beverly Blair Herzog, Credit.com’s credit card advisor, lays out the good, the bad and the ugly for credit cards in 2011.
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