Will It Now Be Easier to Sue Your Bank?

Personal Finance

Will It Now Be Easier to Sue Your Bank?

Will It Now Be Easier to Sue Your Bank?

Federal regulators moved one big step closer Thursday to banning contract language that prohibits consumers from joining class-action lawsuits against corporations. The Consumer Financial Protection Bureau today issued a formal Notice of Proposed Rulemaking on the ban, opening a 90-day public comment period that’s sure to attract heavy rhetoric from both sides of the issue.... Read More

Do I Need a Credit Score to Get a Payday Loan?

Credit Score

Do I Need a Credit Score to Get a Payday Loan?

Do I Need a Credit Score to Get a Payday Loan?

If you don’t have credit or are saddled with a bad credit score, it can be nearly impossible to find financing. Payday loans — that is, short-term, high-cost loans that give cash-strapped consumers money they need — are often considered an exception to the rule. And if you’re thinking of applying for one, you won’t have to worry about your... Read More

The Credit Mistake 80% of People Under 50 Are Making

Credit Cards

The Credit Mistake 80% of People Under 50 Are Making

The Credit Mistake 80% of People Under 50 Are Making

Credit cards can be great for building, maintaining and even improving your overall credit. But when overused, hefty balances can be quite detrimental. Unfortunately, the average cardholder under the age of 52 appears to be carrying big balances, or, more specifically, using an average of 80% of their available credit. That was the finding of a recent TransUnion... Read More

Can You Be Sued for Texting a Driver?

Personal Finance

Can You Be Sued for Texting a Driver?

Can You Be Sued for Texting a Driver?

Text-message senders, beware: U.S. courts are moving ever closer to blaming the sender of a text for car accidents that occur while the recipient is driving and texting back. How could someone be responsible for an accident caused by a driver when they weren’t even in the car? I explored this only-in-the-digital-age notion several years ago in... Read More

40% of Newlyweds Didn’t Know Their Spouse’s Credit Score Before Getting Married

Credit Score

40% of Newlyweds Didn’t Know Their Spouse’s Credit Score Before Getting Married

40% of Newlyweds Didn’t Know Their Spouse’s Credit Score Before Getting Married

You’d think most couples preparing to tie the knot would sit down and discuss their finances. But a new Experian study reveals that isn’t the case at all. In fact, some people (25% of survey participants) don’t even know their spouse’s annual income before getting married. And 40% didn’t know their spouse’s credit score ahead of time. Some other... Read More

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