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Bob Sullivan

Contributor |  In Personal Finance, Identity Theft

Bob Sullivan is author of the New York Times best-sellers Gotcha Capitalism and Stop Getting Ripped Off. His stories have appeared in The New York Times, the Wall Street Journal, and hundreds of other publications. He has appeared as a consumer advocate and technology expert numerous times on NBC’s TODAY show, NBC Nightly News, CNBC, NPR’s Marketplace, Terry Gross’ Fresh Air, and various other radio and TV outlets. He helped start MSNBC.com and wrote there for nearly 20 years, most of it penning the consumer advocacy column The Red Tape Chronicles. See more at www.bobsullivan.net. Follow Bob Sullivan on Facebook or Twitter.

Good News for Underwater Homeowners?

Mortgages

Good News for Underwater Homeowners?

Good News for Underwater Homeowners?

Call them the invisible victims of the housing collapse: The millions of homeowners who’ve spent nearly a decade dutifully making mortgage payments on homes worth less than the balance of their loans. Known as “being under water,” many in this crowd were never in danger of losing their home. But that doesn’t mean they didn’t... Read More

Some White Borrowers May Get Refunds in a Racial Discrimination Settlement. Here’s Why.

Auto Loans

Some White Borrowers May Get Refunds in a Racial Discrimination Settlement. Here’s Why.

Some White Borrowers May Get Refunds in a Racial Discrimination Settlement. Here’s Why.

Even under normal circumstances, racial discrimination can be hard to spot. Identifying discrimination in car purchases and loans is particularly challenging, however – auto dealers don’t have to log the ethnicity of borrowers, and car loan terms are often bargained as part of a complex transaction.  Still, the Consumer Financial Protection Bureau promised to be... Read More

The True Cost of Living in America: Columbus, Ohio

Mortgages

The True Cost of Living in America: Columbus, Ohio

The True Cost of Living in America: Columbus, Ohio

When you think Ohio, you probably think Cleveland, and you might think Cincinnati. Almost certainly, you don’t think Columbus, but here’s a secret: Ohio’s capital city is larger than its more famous neighbors to the north and south. In fact, it’s the largest U.S. city to make Credit.com’s top 10 most affordable cities list. By... Read More

First-Time Homebuyers: The New Elite?

Mortgages

First-Time Homebuyers: The New Elite?

First-Time Homebuyers: The New Elite?

Is buying a first home becoming more a privilege than an American birthright? That’s the provocative question posed recently by Issi Romem, chief economist of BuildZoom.com. And he answers it, cautiously, with data suggesting it’s true. Romem’s most concerning assertion: Young buyers have nearly 10% higher incomes than they did less than a decade ago.... Read More

The True Cost of Living in America: Pittsburgh

Mortgages

The True Cost of Living in America: Pittsburgh

The True Cost of Living in America: Pittsburgh

Great hipster places to live. Williamsburg, Brooklyn. Rio De Janeiro. Toronto. And … Lawrenceville, Pittsburgh? Get used to seeing the Steel City on a lot of best-places-to-live lists. Pittsburgh neighborhood Lawrenceville, until recently dulled by empty industrial buildings, made that surprise entry into a Business Insider list of the best hipster neighborhoods in the world... Read More

The Government Cracks Down on More Debt Collectors

Managing Debt

The Government Cracks Down on More Debt Collectors

The Government Cracks Down on More Debt Collectors

“Final notice before arrest,” the scary mailings reportedly read. “A Warrant round-up is coming.” The notices threatened recipients with “arrest at your home or office,” or “jail confinement for a considerable amount of time.” The postcards and letters, sent by a Dallas-based collection agency calling itself “Warrant Enforcement Division,” also broke the law, the Federal Trade... Read More

Millennials Are So Over Debit Cards. Here’s Why.

Credit Cards

Millennials Are So Over Debit Cards. Here’s Why.

Millennials Are So Over Debit Cards. Here’s Why.

Using plastic that automatically deducts payments from a checking account has apparently fallen out of favor with the kids. Debit card usage is at a seven-year low among young adults, according to a new report published by Mercator Advisory Group. Debit card usage is flat for most of the general population. The difference is small... Read More

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