JPMorgan Admits Debt Collection Mistakes

Managing Debt

JPMorgan Admits Debt Collection Mistakes

JPMorgan Admits Debt Collection Mistakes

One of the nation’s largest financial institutions seems poised to be hit with massive regulatory charges from state and federal agencies over allegations that it improperly pursued what it said were delinquent and defaulted debts, and now the company, through an internal study, has admitted as much. JPMorgan Chase recently acknowledged that it made a number of... Read More

When a Student Debt Fix Makes a Bigger Mess

Students

When a Student Debt Fix Makes a Bigger Mess

When a Student Debt Fix Makes a Bigger Mess

If the road to hell is paved with good intentions, the Oregon Legislative Assembly put the pedal to the metal when it approved House Bill 3472. The legislation proposes to address the student debt problem by offering state residents a free ride at participating higher education institutions for as long as they remain in school.... Read More

This Week in Credit News: Homebuyer Frenzy

Personal Finance

This Week in Credit News: Homebuyer Frenzy

This Week in Credit News: Homebuyer Frenzy

The biggest credit news this week is all about mortgages, as house hunting season heats up and rates are on the rise. Mortgage rates reach highest level in 2 years If you’ve been waiting to buy a home, now may be the time to act. Not only are mortgage rates hitting the highest level they’ve... Read More

Are You Charging More? Credit Card Debt Surges 9.3%

Credit Cards

Are You Charging More? Credit Card Debt Surges 9.3%

Are You Charging More? Credit Card Debt Surges 9.3%

The improving economy has led some consumers to behave in ways they may not have in the past few years, and this change was recently reflected by a significant uptick in nearly all types of borrowing in May. The total amount of credit card debt held nationwide surged 9.3 percent in May, rising to $856.5 billion from the previous... Read More

Will Using a Credit Card at a Casino Hurt My Credit Score?

Credit Score

Will Using a Credit Card at a Casino Hurt My Credit Score?

Will Using a Credit Card at a Casino Hurt My Credit Score?

We recently received a great reader question about whether where you use your credit card can hurt your credit score: I was told that if you use a credit or debit card to withdraw cash from an ATM machine inside a casino or race track, it automatically lowers your credit score by 100 points or... Read More

Think You Can’t Buy a House? Try the One You Rent

Mortgages

Think You Can’t Buy a House? Try the One You Rent

Think You Can’t Buy a House? Try the One You Rent

If you have never owned a home before, or owned a home in the past, or previous circumstances require you to rent a home now, and you’re hoping to buy a house again, there’s one possibility you might not have considered: purchasing the home you’re currently renting. That’s right — make a purchase offer to... Read More

14 Dangerous Emails That Could Be in Your Inbox

Identity Theft

14 Dangerous Emails That Could Be in Your Inbox

14 Dangerous Emails That Could Be in Your Inbox

It’s ubiquitous — “Dialing-For-Dollars” version 3.0: a gateway to irresistible deals; an antidote to loneliness; a pathway to riches (either earned or not); a vehicle for helping those victimized by man-made or natural disasters; a clarion of sensational news; a conduit for memories; the bearer of less than glad tidings from our bank, our boss... Read More

California AG: Many Data Breaches Were Avoidable

Identity Theft

California AG: Many Data Breaches Were Avoidable

California AG: Many Data Breaches Were Avoidable

The number of people impacted by data breaches continues to grow, and California is no exception, where millions of people had their personal information exposed in breaches last year alone. In 2012, some 2.5 million state residents had sensitive personal or financial information exposed in just 131 data breaches reported to the government, according to... Read More

CFPB Now Taking Complaints About Debt Collectors

Managing Debt

CFPB Now Taking Complaints About Debt Collectors

CFPB Now Taking Complaints About Debt Collectors

The Consumer Financial Protection Bureau (CFPB) released two bulletins and several action letters today, outlining new regulations and resources to help protect consumers from unlawful conduct by debt collectors. The CFPB also announced that it will begin taking consumer complaints regarding collection practices beginning today. There are an estimated 4,500 debt collection firms in the... Read More

Your Kids’ Identities Just Got Safer

Identity Theft

Your Kids’ Identities Just Got Safer

Your Kids’ Identities Just Got Safer

Privacy advocates – and parents – have a lot to celebrate. Last week, the updated Children’s Online Privacy Protection Act, or COPPA, went into effect — providing greater online privacy protections for children under the age of 13. The new law updates a decade-old law that couldn’t keep up with the era of smartphones and... Read More

Show Me More

Certain credit cards and other financial products mentioned in this and other articles on Credit.com News & Advice may also be offered through Credit.com product pages, and Credit.com will be compensated if our users apply for and ultimately sign up for any of these cards or products. However, this relationship does not result in any preferential editorial treatment.