Credit Card Q&A: What does a credit card “grace period” mean?

Credit 101

Credit Card Q&A: What does a credit card “grace period” mean?

Credit Card Q&A: What does a credit card “grace period” mean?

Credit Question: What does a credit card “grace period” mean? Answer: This is one of those terms that gets tossed about a lot by the media, but rarely gets clearly  explained. The grace period is the amount of time you have to pay your entire balance without being charged any interest. If you aren’t already carrying a… Read More

Wall Street’s Public Enemy #1 Fires Back at Critics

Personal Finance

Wall Street’s Public Enemy #1 Fires Back at Critics

Wall Street’s Public Enemy #1 Fires Back at Critics

Elizabeth Warren took time away from her job overseeing the creation of the new Consumer Financial Protection Bureau last week to confront her critics, continuing her criticism of big banks’ policies and warning that a major victory for consumers remains under attack. “David beat Goliath, but make no mistake: Goliath is not down for the count,” Warren… Read More

New Unemployment Claims Climb Once Again

Personal Finance

New Unemployment Claims Climb Once Again

New Unemployment Claims Climb Once Again

There were a seasonally adjusted 410,000 new unemployment claims made in the week ending February 12, up 25,000 from the week prior, according to the latest statistics from the U.S. Department of Labor. However, this increase had no effect on the national insured unemployment rate, which held steady from the week prior at an adjusted… Read More

Getting a Mortgage: It’s Better to do it Personally

Mortgages

Getting a Mortgage: It’s Better to do it Personally

Getting a Mortgage: It’s Better to do it Personally

I was intrigued by a new iPhone app, Confession: A Roman Catholic App. It’s for Catholics who want to go through the confession process on their iPhones instead of in front of their priest in a confessional. This raises the possibility of confessing while you are in the act of sinning. However, a Vatican spokesman… Read More

Federal Mortgage Programs Won’t Meet Stated Goals

Mortgages

Federal Mortgage Programs Won’t Meet Stated Goals

Federal Mortgage Programs Won’t Meet Stated Goals

Speaking before Congress earlier this week, U.S. Treasury Secretary Timothy Geithner told lawmakers that the federal government’s Home Affordable Modification Program will likely fall well short of its goals to aid millions in making their mortgages more affordable, according to a report from Reuters. The program will likely not be able to help the 3… Read More

U.S. Bankruptcies Increased in 2010, But At Slower Rate

Managing Debt

U.S. Bankruptcies Increased in 2010, But At Slower Rate

U.S. Bankruptcies Increased in 2010, But At Slower Rate

Consumers and businesses across the country made a total of more than 1.59 million bankruptcy filings, according to the latest statistics from the U.S. Bankruptcy Courts. This was an increase of 8 percent from the more than 1.47 million cases made in 2009. It was the fifth year in a row in which the number… Read More

Google to Users: Skittish About Security? We’ve Got Your Back

Identity Theft

Google to Users: Skittish About Security? We’ve Got Your Back

Google to Users: Skittish About Security? We’ve Got Your Back

Google is offering customers a second layer of protection when logging into their accounts. The idea is to have another line of defense if a user’s password is swiped. So what, exactly is the search engine leviathan doing, and what should consumers know about it? The announcement was rolled out on February 11, in a blog… Read More

Big Banks Threaten Debit Card Cap

Personal Finance

Big Banks Threaten Debit Card Cap

Big Banks Threaten Debit Card Cap

Some of the nation’s largest banks are considering a cap on all debit card transactions. Big banks including JP Morgan Chase, Bank of America and Citigroup might limit each debit card purchase to $50 or $100 if Congress approves new rules aimed at limiting swipe fees, industry sources said Friday. “I’m hearing the same things… Read More

Get Your Repo’d Car Back. Free.

Auto Loans

Get Your Repo’d Car Back. Free.

Get Your Repo’d Car Back. Free.

Would you like to get your repossessed car back? For free? A Utah company that gives loans based on car titles recently bought $75,000 worth of repossessed cars, and it’s giving them back to their original owners. Consumers have to contact Money Train, the Salt Lake City-based title loan company making the offer. To find… Read More

Are CARD Act Critics in Complete Denial?

Credit Cards

Are CARD Act Critics in Complete Denial?

Are CARD Act Critics in Complete Denial?

In law school, I was taught – as are all aspiring lawyers – to perfect the art of arguing any and/or all sides of a case. The lawyer’s mantra – “If you can’t beat on the facts, beat on the law. If you can’t beat on the law, beat on the facts. If you can’t… Read More

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