Consumer Agency Begins Work on Mortgage Point Rules

Mortgages

Consumer Agency Begins Work on Mortgage Point Rules

Consumer Agency Begins Work on Mortgage Point Rules

The Consumer Financial Protection Bureau (CFPB) gave consumers and lenders a first look last week at a number of new mortgage regulations it could be proposing officially later this year. Mortgage points are the main target of the new rules, and the CFPB will now talk to consumers and industry representatives in addition to assembling… Read More

Want to Make More Money? Move!

Personal Finance

Want to Make More Money? Move!

Want to Make More Money? Move!

A new report on economic mobility, the ability of those in certain income ranges to either increase or decrease their earnings, shows that moving out of your home state could give you more economic advantages. Increased economic mobility is seen most often in states along the Atlantic Seaboard and New England, and lags significantly in many… Read More

5 Credit Card Rules for College Grads

Students

5 Credit Card Rules for College Grads

5 Credit Card Rules for College Grads

It’s that time of year when tassels are turned and graduation caps are tossed into the air. And ready or not, a new group of young adults venture out into the real world. If you just graduated, you might be looking forward to managing money on your own. Certainly, it’s deliciously liberating. But it can… Read More

The Smart Way to Use a Credit Card for Bad Credit

Credit Cards

The Smart Way to Use a Credit Card for Bad Credit

The Smart Way to Use a Credit Card for Bad Credit

Millions of consumers across the countries saw their credit scores take a dive during the recent recession, but now lenders are stepping up efforts to market specifically to those who have a damaged borrowing history.

3 Credit Card Behaviors You Should Avoid

Credit Cards

3 Credit Card Behaviors You Should Avoid

3 Credit Card Behaviors You Should Avoid

Managing all aspects of household finances isn’t always easy for the average consumer, and one area where many make missteps is in dealing with their credit cards. Fortunately, some problems are more common than others, and are therefore easier to avoid as well. One of the easiest ways consumers can see their credit card use… Read More

Overdraft Who? Report Shows Confusion Over Bank Fees

Personal Finance

Overdraft Who? Report Shows Confusion Over Bank Fees

Overdraft Who? Report Shows Confusion Over Bank Fees

Many people don’t understand the fees they’ll be charged for overdrawing their checking accounts, especially the people most likely to pay, according to a new report by the Pew Center on the States. Almost 20 percent of consumers incurred an overdraft penalty fee last year, the report found. And nearly a third of all consumers… Read More

It’s Time to Solve the Student Loan Crisis

Students

It’s Time to Solve the Student Loan Crisis

It’s Time to Solve the Student Loan Crisis

If you’re worried about student loan debt, what it means for graduating seniors and for the future of our nation, congratulations. That means you’re paying attention. Now that Americans owe over $1 trillion in student debt, more than they owe on their credit cards, many people are beginning to see that our country’s current way… Read More

Credit.com in the News 5/11/12

Personal Finance

Credit.com in the News 5/11/12

Credit.com in the News 5/11/12

This week the experts from Credit.com contributed to a wide range of publications on subjects including taxes, identity theft, credit scores, credit cards and debt. Check out the hits… A tax refund check can lead to a lot of temptation among cash strapped college students. Many find this monetary bump as “found” money, but Emily… Read More

Refis Helping Consumers Reduce Mortgage Debt

Mortgages

Refis Helping Consumers Reduce Mortgage Debt

Refis Helping Consumers Reduce Mortgage Debt

In recent months, with mortgage rates hovering at or near all-time lows, consumers may have been more eager to refinance their existing home loans rather than seek new living arrangements, and many who did so saved a significant amount of money. In the first quarter of the year, 79 percent of homeowners who refinanced the… Read More

Contactless Payments May Prompt Borrowers to Spend More

Credit Cards

Contactless Payments May Prompt Borrowers to Spend More

Contactless Payments May Prompt Borrowers to Spend More

Consumers who have access to contactless payment technology may be more likely to spend on the accounts associated with those programs, not only in the real world, but online as well. Americans who adopted the MasterCard PayPass contactless credit card technology became far more likely to prefer those accounts to others within 12 months of… Read More

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