Paying For College With a HELOC?

Students

Paying For College With a HELOC?

Paying For College With a HELOC?

I was surprised to learn how – in this economy – one parent is planning to finance her son’s college tuition with a home equity line of credit. Is this a smart idea?

Consumer Advocate: Simple Phone Hack Exposes Credit Card History

Credit Cards

Consumer Advocate: Simple Phone Hack Exposes Credit Card History

Consumer Advocate: Simple Phone Hack Exposes Credit Card History

Using relatively simple techniques, hackers can tap into some banks’ automated telephone customer service lines and determine balances and account histories, according to an investigation by a prominent consumer advocate. “The trouble with this system is that hackers, crooks, suspicious spouses, or nosy neighbors can access your credit card information using the same method the… Read More

Wells Fargo Will Charge Some People $3 to Use Their Own Money

Personal Finance

Wells Fargo Will Charge Some People $3 to Use Their Own Money

Wells Fargo Will Charge Some People $3 to Use Their Own Money

If you have a checking account with Wells Fargo, look out: The megabank is about to start charging some customers $3 a month to access their own money. According to a fee schedule the bank recently released, customers in Georgia, Oregon, Washington, Nevada and New Mexico will have to pay $3 every month to make… Read More

Credit Score Q&A: Length of Credit History vs. Late Payment History

Credit Score

Credit Score Q&A: Length of Credit History vs. Late Payment History

Credit Score Q&A: Length of Credit History vs. Late Payment History

Steve from Denver had an interesting question. He recently pulled his credit report for the first time and was surprised to see that a 60-days-past-due late payment was showing on a credit account that he never recalled opening. The late payment being reported was posted six years ago and Steve stated that he has no… Read More

Report: CARD Act Helps Consumers and Credit Cards Get Along

Credit Cards

Report: CARD Act Helps Consumers and Credit Cards Get Along

Report: CARD Act Helps Consumers and Credit Cards Get Along

Consumers continue to grow happier with their credit cards, and a federal law requiring better transparency and lower rate increases from credit card companies has a lot to do with it, according to a new report by J.D. Power and Associates. Customer satisfaction dropped to 705 on a 1,000-point scale in 2009, when many card… Read More

Women Still Losing in this Year’s Economic He-Covery

Personal Finance

Women Still Losing in this Year’s Economic He-Covery

Women Still Losing in this Year’s Economic He-Covery

It was mostly men who got the ax during the Great Recession, so a new term for the longest economic downturn in the postwar era began floating around in news reports: The Mancession. But that was 2009. The Mancession was declared over at the beginning of this year. In January, Slate wrote about the end… Read More

Credit Line Radio Q&A: Resolving Medical Debt Disputes

Managing Debt

Credit Line Radio Q&A: Resolving Medical Debt Disputes

Credit Line Radio Q&A: Resolving Medical Debt Disputes

What do you do when you’re inaccurately charged for a medical procedure and the debt goes to collections? Last week, a consumer with this very dilemma called in to The Credit Line, a radio show hosted by Credit.com’s chairman and co-founder Adam Levin, for help. The caller, Ann, said she had had two identical surgeries… Read More

Credit Card Satisfaction Increases for Second Straight Year

Credit Cards

Credit Card Satisfaction Increases for Second Straight Year

Credit Card Satisfaction Increases for Second Straight Year

Americans reportedly feel happier with their credit cards for the second consecutive year, according to the latest annual J.D. Power and Associates U.S. Credit Card Satisfaction Study. On a 1,000-point scale, overall satisfaction jumped to a score of 731 from the 714 in 2010, which itself was an improvement from the 705 in 2009. [Featured… Read More

Warren One Step Closer to Senate Run

Personal Finance

Warren One Step Closer to Senate Run

Warren One Step Closer to Senate Run

Elizabeth Warren, the fiery consumer advocate who recently lost out on President Obama’s nomination to lead the government’s Consumer Financial Protection Bureau, took another step toward running for Senate this week by creating an exploratory committee to research a possible campaign. [Related article: Elizabeth Warren Getting Serious About a Senate Run] The committee has a… Read More

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