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Contributor |  In Personal Finance, Mortgages

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Credit Card Delinquency, Default Slip Again for Most Lenders

Credit Cards

Credit Card Delinquency, Default Slip Again for Most Lenders

Credit Card Delinquency, Default Slip Again for Most Lenders

Since the end of the recent recession, consumers have been trying to keep various aspects of their finances under control, and that includes making sure they’re up to date with all their monthly bill payments. As such, instances of credit card delinquency and default slipped for most major lenders once again in May. Apart from American Express,... Read More

Older Americans Finding More Equity in Their Homes

Mortgages

Older Americans Finding More Equity in Their Homes

Older Americans Finding More Equity in Their Homes

In the past few years, millions of homeowners across the country have been able to enjoy positive equity on their homes for the first time as a result of rising prices and falling debt, and this is certainly true of those who are 62 years old or more. The amount of equity held by homeowners within... Read More

Are Businesses Able to Protect Your Information?

Identity Theft

Are Businesses Able to Protect Your Information?

Are Businesses Able to Protect Your Information?

Many companies are now looking to big data to increase their business, but this may also leave them just as vulnerable to data breaches as they were before, raising the question of how well they can protect your information. Today, just 35 percent of companies believe they have the ability to detect a data breach... Read More

Big Hurdles for Student Loan Rate Agreement

Students

Big Hurdles for Student Loan Rate Agreement

Big Hurdles for Student Loan Rate Agreement

The interest rates on student loans issued by the federal government is set to double at the start of July if lawmakers cannot come to an agreement to extend the current rates. However, with just weeks until the deadline, federal officials say a number of obstacles still remain that would prevent the plan from going... Read More

Average Out-of-Pocket Medical Expenses Reach $2,042

Managing Debt

Average Out-of-Pocket Medical Expenses Reach $2,042

Average Out-of-Pocket Medical Expenses Reach $2,042

Millions of Americans are now carrying some amount of medical debt as a result of healthcare they received at some point in their lives, and these balances can often linger for some time, or lapse into delinquency and default. Potentially more problematic for consumers, though, is that the cost of this type of care seems to be... Read More

Number of Homes for Sale Drop 12.2% From Last Year

Mortgages

Number of Homes for Sale Drop 12.2% From Last Year

Number of Homes for Sale Drop 12.2% From Last Year

The number of homes for sale nationwide has been rising steadily so far this year but is still somewhat restricted from the numbers seen at this time in 2012, leading to speculation about the eagerness of buyers to deal with the frustration this lack of inventory can typically engender. Overall, the amount of homes on... Read More

850,000 Homeowners Climb Out of Underwater Mortgages

Mortgages

850,000 Homeowners Climb Out of Underwater Mortgages

850,000 Homeowners Climb Out of Underwater Mortgages

During the recent housing downturn, borrowers nationwide saw the value of their homes slip so considerably that they ended up owing more on their mortgages than the properties were worth. However, that trend has slowly been reversing itself for some time, thanks to the market’s turnaround, and that continued into the first quarter of the year. Some 850,000 homeowners... Read More

Average Debt Carried by Young Borrowers Reaches $32,587

Managing Debt

Average Debt Carried by Young Borrowers Reaches $32,587

Average Debt Carried by Young Borrowers Reaches $32,587

Since the end of the recession, consumers of all ages have made significant progress in trying to get out from under the debts they held for long periods of time, but none have been more successful in this regard than those between the ages of 18 and 29 years old. The average balances across all... Read More

Are Older Americans Souring on Homeownership?

Mortgages

Are Older Americans Souring on Homeownership?

Are Older Americans Souring on Homeownership?

Renting a property, whether it’s an apartment or a whole house, has become extremely popular in the last few years as a result of the difficult economy and flagging housing market, but new improvements in both seem to be encouraging many to turn their eyes toward homeownership. The vast majority of people consider both homeownership... Read More

Credit Card Balances Inch Up Again

Credit Cards

Credit Card Balances Inch Up Again

Credit Card Balances Inch Up Again

Since the end of the recession, millions of Americans have made significant strides in trying to reduce their debts, particularly with regard to their credit cards. More recently, however, balances held nationwide have fluctuated somewhat, with the most recent data showing a slight increase in April. The total amount of consumer credit card debt held nationwide rose about 1 percent... Read More

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