While some lenders and industry experts have been warning about any actions that may tighten the credit markets, lending is on a meteoric rise, with credit card limits and mortgage originations posting double-digit gains year over year. The newest data from the Experian-Oliver Wyman Market Intelligence Reports and Experian’s IntelliView tool show that the years of the credit... Read More
The Consumer Financial Protection Bureau released a white paper today on the impact of overdraft and non-sufficient funds (NSF) fees on the average bank account holder. The report is the result of an examination the CFPB announced in February 2012, and involves an analysis of information provided from a request for information published in the... Read More
Even if you make your payments on time every month, you can still damage your credit score in a major way by using too much of the credit available to you. The credit utilization ratio, a measure of your total revolving credit balance divided by your total revolving credit limits, makes up roughly 30% of... Read More
The biggest credit news this week is all about student loan interest rates and debt as thousands of Americans graduate college and face the reality of their student loan payments. How to Pay Student Loans You Can’t Afford Once the six-month grace period that most student loan borrowers have expires, they’re faced with a choice... Read More
Consumers who are interested in wading back into the housing market once again — either as buyers or sellers — may have noticed that prices in their area are generally on the rise. This was true on a national level once again in March. The average home price nationwide rose in March to a total of approximately $213,000, according to the latest Home Price Index... Read More
There has been a lot of focus from lawmakers in recent months on the ways in which medical debts can severely impact consumers’ finances for years. Now, more are moving to do something to help these Americans who typically had no way of planning for these massive balances. A new bipartisan bill, known as the Accuracy in... Read More
The biggest credit news this week is all about credit cards, focusing on how you can get your hands on better ones. The Best Business Credit Cards With No Annual Fee Our latest installment of our Best Credit Cards in America series, credit card guru Jason Steele uses a unique ranking system to pick the... Read More
These days, millions of consumers across the country rely on prepaid debit cards as a means of handling their finances because they find traditional bank accounts to be too expensive. However, with coming technology changes for the card industry, those people might have more difficulty in obtaining these accounts at low costs. Within the next... Read More
The biggest news this week is all about identity theft, as one government program may have caused thousands of identities to be exposed to scammers. A government program called Lifeline that provides government assistance to low-income individuals so they can obtain landline and wireless phone service is at the root of a recent data breach... Read More
The biggest news this week is all about student loan affordability, as the Consumer Financial Protection Bureau released a new study on the topic. CFPB Releases New Report on Student Loan Affordability The CFPB decided to examine the issue of student loan affordability in February 2013, issuing a request for comment in the Federal Register.... Read More
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