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Michael Schreiber

Editor-in-Chief, Credit.com |  In Personal Finance, Mortgages

Michael Schreiber is Credit.com’s Editor-In-Chief. He’s worked in print and online news as well as documentaries for The New York Times, Frontline, ABC News, TheStreet.com and others. He attended Columbia University’s Graduate School of Journalism, where he was also an adjunct professor.

Verizon Cancels $2 ‘Convenience’ Fee

Credit Cards

Verizon Cancels $2 ‘Convenience’ Fee

Verizon Cancels $2 ‘Convenience’ Fee

Just one day after announcing that it would charge it’s wireless customers $2 for one time credit and debit card payments made over the phone or online, Verizon has scrapped plans for the new fee. The company cited customer feedback for the abrupt reversal. “At Verizon, we take great care to listen to our customers,”… Read More

Defaulting on Private vs. Federal Student Loans

Students

Defaulting on Private vs. Federal Student Loans

Defaulting on Private vs. Federal Student Loans

It’s a simple equation, really. Expensive College + No Jobs = Student Loan Defaults. With sky-high tuition, an anemic economy and a tight job market, America is approaching the $1 trillion mark for outstanding student debt (surpassing even credit cards). That means more and more people are having real trouble paying back their student loans…. Read More

Mark Frauenfelder Won’t Kill Chickens

Personal Finance

Mark Frauenfelder Won’t Kill Chickens

Mark Frauenfelder Won’t Kill Chickens

In 2003, Mark Frauenfelder and his wife Carla decided to do something a little crazy. They decided to ditch their lives as freelancers in Los Angeles, following a slowdown in the media business, and move themselves and their two kids (a six-year-old and an infant) to a remote island in the south pacific where the… Read More

Study: African Americans & Latinos Twice as Susceptible to Foreclosure as Whites

Mortgages

Study: African Americans & Latinos Twice as Susceptible to Foreclosure as Whites

Study: African Americans & Latinos Twice as Susceptible to Foreclosure as Whites

The Center for Responsible Lending released a study today that documents a trend in American foreclosures that is startling, yet not surprising. The study, “Lost Ground, 2011: Disparities in Mortgage Lending and Foreclosures,” co-authored with the Center for Community Capital at the University of North Carolina, Chapel Hill, presents data in support of the claim… Read More

When Is a Credit Card Like a Career?

Credit Cards

When Is a Credit Card Like a Career?

When Is a Credit Card Like a Career?

We do a fair bit of writing here about the impact of interest rates when it comes to paying off credit card debt. It should come as no surprise to any regular visitor to this site that paying minimum balances will extend the life of your debt, and raise the total amount you end up… Read More

Q&A: Student Loan Defaults and Garnished Wages

Students

Q&A: Student Loan Defaults and Garnished Wages

Q&A: Student Loan Defaults and Garnished Wages

The amount of federal and private student loan debt held by Americans, which is expected to top $1 trillion this year, has now surpassed credit card debt. And given the persistently high unemployment rate, it should come as no surprise that more Americans are defaulting on their student loans. In September, the Department of Education… Read More

What Google Advisor Can Do For You

Personal Finance

What Google Advisor Can Do For You

What Google Advisor Can Do For You

In case you missed the news in May, Google has a tool designed to make the tedious and sometimes bewildering task of comparing financial products like mortgages, CDs, checking accounts, savings accounts and, of course, credit cards, a bit easier on consumers (full disclosure, Credit.com offers many of the same products and services on its… Read More

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