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Follow Friday: Weekly Web Roundup (6/24/11)

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This week we have some good advice, market news and examples of how to get more for your money. If you’re a consumer who uses car insurance, or looking for a reverse loan —or really anyone who uses a credit card, these stories could benefit you. As always, if you enjoy any of our favorite bloggers, we encourage you to follow them on Twitter for regular updates. And don’t forget to follow Credit.com at @CreditExperts.

Meet the Credit-Card King With $300,000 in Credit
Some cardholders are taking the more-is-better approach when it comes to credit. In some cases much, much more. This system can be a good system to get a higher credit score for those with high available credit and diligent bill paying habits. Many say this is unnecessary and even dangerous for those who aren’t as disciplined. Like most things, credit is not a one-size fits all fix. @Marketwatch

How to Save $23,000 on Car Insurance
Like most things we purchase, car insurance rates are based greatly on what our credit scores are. As you might have guessed, the higher your score the more you save. In fact, if you keep your score up during most of your adult life, your savings on insurance could equal a new car. @Time

New Law Focuses on Concealing Breaches
We’re getting closer to more regulation on companies when it comes to data breaches. With daily news items about new breaches, delays in transparency and the possible dangers from these hacks, this bill comes as a very welcome protection for consumers. @IDT911

MetLife Pushes Reverse Mortgages as Wells Fargo, BofA Retreat
Some of the big banks are pulling out of the reverse mortgage market, citing unpredictable housing values as the reason. While some question MetLife’s choice to charge ahead in this market, others see the large life insurer appealing to a large demographic of retirees. @BloombergNews

Pay Off Mortgage or Keep Money in Savings
Most of us are concerned with managing our money as effectively as possible. The difficulty with this is that there is often no crystal ball when trying to make wise financial decisions. In this case, a woman writes in to be advised by JD Roth at Get Rich Slowly on how to best spend the money she has. Her story and mortgage breakdown may be a good example for you to weigh your own situation. @MSN @GRSBlog

Image by chaztoo, via Flickr

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