Mortgage Rates Slip As Refinancing Drives Activity

Mortgages

Mortgage Rates Slip As Refinancing Drives Activity

Mortgage Rates Slip As Refinancing Drives Activity

Home affordability has been high for much of the year, as mortgage rates have been at less than 4 percent for all but one week in 2012, and that trend continued in the period ending Dec. 7 as well. At the end of that week, home loan rates slipped to just 3.47 percent on 30-year… Read More

Identity Theft in 2013: The Battle for Your Data

Identity Theft

Identity Theft in 2013: The Battle for Your Data

Identity Theft in 2013: The Battle for Your Data

In 2013, we’ll have to make a choice: Either we acknowledge we’re at war and push back hard, or we keep pretending nothing’s wrong — and pay the price. In the coming weeks, as we’ve seen every year for the past six, there will be endless reports detailing the digital dangers and identity threats lurking… Read More

When Your Credit Score Assumes You’re “Guilty”

Credit Score

When Your Credit Score Assumes You’re “Guilty”

When Your Credit Score Assumes You’re “Guilty”

GaryR recently shared his nightmare of a story in which a collection account for an unknown debt was placed on his credit report multiple times, creating a Whac-A-Mole situation by forcing him to dispute each item repeatedly while new collections for the same debt continued to pop up. He wrote: I have a debt collector… Read More

CFPB Complaints Get Extra Protection From Lawmakers

Identity Theft

CFPB Complaints Get Extra Protection From Lawmakers

CFPB Complaints Get Extra Protection From Lawmakers

The federal watchdog agency charged with helping to ensure that consumers have all the financial protections they need now encourages Americans to submit complaints about difficulties they’ve had, and a new law passed by the Senate ensures that key account details for these consumers will remain confidential. The U.S. Senate recently passed a law, known… Read More

Do FSA Cards Affect My Credit?

Credit Score

Do FSA Cards Affect My Credit?

Do FSA Cards Affect My Credit?

As the new year begins, many new enrollees to Flexible Spending Accounts will be getting their debit cards in the mail — a small piece of plastic that allows them to access their tax-free dollars for health care expenses. But do these cards have any impact on your credit score? Credit scoring expert Barry Paperno… Read More

Getting Last-Minute Gifts Without Going Into Debt

Personal Finance

Getting Last-Minute Gifts Without Going Into Debt

Getting Last-Minute Gifts Without Going Into Debt

It’s the week before Christmas and I still have a lot of shopping to do. I look forward to giving gifts. I also have a big family and a healthy circle of friends. As a result, I can easily pile up credit card debt or go negative in my bank account if I am not… Read More

Bank Customer Satisfaction Up, But Not for Mega-Banks

Personal Finance

Bank Customer Satisfaction Up, But Not for Mega-Banks

Bank Customer Satisfaction Up, But Not for Mega-Banks

Since the end of the recession, many Americans have chosen to reevaluate the way in which they deal with financial institutions, and these days, it seems some are growing more enamored of their banks. Consumer satisfaction with banks’ checking, savings and loan products rose 2.7 percent this year, though much of that increase was driven… Read More

Merchant Credit Card Fee Settlement Inches Closer

Credit Cards

Merchant Credit Card Fee Settlement Inches Closer

Merchant Credit Card Fee Settlement Inches Closer

A controversial court case related to the way in which merchants pay fees for accepting credit and debit card transactions went through another development this week, as a judge rejected a request for a quicker decision in the proceedings. The Second U.S. Circuit Court of Appeals in New York recently denied the Home Depot’s request… Read More

5 Mistakes New Cardholders Make

Credit Cards

5 Mistakes New Cardholders Make

5 Mistakes New Cardholders Make

Your brand new credit card arrives in the mail all shiny, just waiting for you to take it shopping. Before you break it in, though, watch out for these five mistakes new cardholders often make: Loading up on Extras Before you use your card for the first time, you’ll be required to call a toll-free… Read More

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