72% of Bankers Say Interest Rates Will Rise

Personal Finance

72% of Bankers Say Interest Rates Will Rise

72% of Bankers Say Interest Rates Will Rise

Experts expect consumer demand for credit to continue growing during the next six months, driven mostly by those in the 30- to 39-year-old age group. The quarterly survey of bank risk professionals conducted for FICO by the Professional Risk Managers’ International Association (PRMIA) also showed expectations for increased interest rates. The groups have conducted the... Read More

Privacy Policy Changes at Google: What You Need to Know

Identity Theft

Privacy Policy Changes at Google: What You Need to Know

Privacy Policy Changes at Google: What You Need to Know

Consumers could lose even more control over where their face and name end up online, and now, a U.S. senator is calling for an investigation. Last week, Google announced it would soon enter the borrow-your-profile-picture advertising business, with a product it calls “shared endorsements” — basically, Google’s version of Facebook’s sponsored stories. Meanwhile, Facebook said... Read More

Foreclosure Rate Down 27% From 2012

Mortgages

Foreclosure Rate Down 27% From 2012

Foreclosure Rate Down 27% From 2012

The number of distressed properties last month decreased 27% from September 2012, with a little less than 1.3 million properties in some stage of foreclosure (default, auction or bank owned). That’s one in every 998 homes in foreclosure across the nation. Data from real estate site RealtyTrac showed that while foreclosures were up 2% from... Read More

Getting an FHA Loan Just Got Harder

Mortgages

Getting an FHA Loan Just Got Harder

Getting an FHA Loan Just Got Harder

New requirements for Federal Housing Administration-approved mortgages go into effect today, presenting potential roadblocks for homebuyers with collections or judgments in their credit histories. While lenders have recently been able to take significant economic events into account in processing loan applications, today’s changes are a step in the opposite direction for loan accessibility. The U.S.... Read More

How My Mom’s Money Skills Taught Me to Be Resourceful

Personal Finance

How My Mom’s Money Skills Taught Me to Be Resourceful

How My Mom’s Money Skills Taught Me to Be Resourceful

During the great Beanie Baby boom of the ’90s, my mom made a fortune sending me and my fleet of siblings into Hallmark stores around Michigan, each of us clutching a sweaty list of “rare” beanies, where we’d snag as many as possible under the store’s two or three per kid policy. Back in the... Read More

Do I Need a Good Credit Score to Get Student Loans?

Students

Do I Need a Good Credit Score to Get Student Loans?

Do I Need a Good Credit Score to Get Student Loans?

Consumers’ credit scores can determine their ability to get auto loans, mortgages, personal loans and all kinds of financing. But student loans are different. It can be challenging enough to get into a certain academic program — but do students have to make a certain credit grade to be able to pay for it, too?... Read More

5 Signs You May Need Professional Money Help

Personal Finance

5 Signs You May Need Professional Money Help

5 Signs You May Need Professional Money Help

Recognizing you may need professional money help is the first step in the right direction towards better financial health.  Sometimes, getting to that first step can be tricky. How do you know if you actually need help?  We all know the basic indicator of too much credit card debt. However, recognizing these additional signs could... Read More

The Fastest Way to Fix a Credit Report Error

Credit Score

The Fastest Way to Fix a Credit Report Error

The Fastest Way to Fix a Credit Report Error

You’ve found a credit report mistake and you want it fixed fast. How can you make it happen? Experts — myself included — often recommend filing a written dispute and sending it by certified mail, especially in the case of serious mistakes. That way, you have proof your dispute was received and you can include documentation... Read More

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