Government Workers Go On Credit Card Spending Spree & You Get the Bill

News

Government Workers Go On Credit Card Spending Spree & You Get the Bill

Government Workers Go On Credit Card Spending Spree & You Get the Bill

A lot of people have trouble keeping their credit card spending under control — ideally, those people aren’t government employees using taxpayer-funded payment cards. In a congressional hearing Tuesday, federal auditors described purchase-card misuse across several government departments, amounting to millions of dollars of misused or wasted government funds. It’s not the first time this problem... Read More

Why the Feds Need to Step In on Payday Loans

Personal Loans

Why the Feds Need to Step In on Payday Loans

Why the Feds Need to Step In on Payday Loans

The Pew Charitable Trusts recently released the fourth report in its series Payday Lending in America. The focus this time is on fraud and abuse in online lending. The report calls out payday loan structures that are designed to prolong indebtedness by front-loading fees on loans that average 650% APR. It also describes incidents of unauthorized withdrawals... Read More

Do You Know the Differences Between Credit & Debit Cards?

Credit Cards

Do You Know the Differences Between Credit & Debit Cards?

Do You Know the Differences Between Credit & Debit Cards?

They’re both plastic, but credit and debit cards are very different forms of payment. The card you choose at the cash register might have a huge impact on your future, so make sure you understand what you’re doing next time you pull out your wallet. Images: iStock

Troubled Private Student Loan Borrowers Get Little Help, CFPB Says

News

Troubled Private Student Loan Borrowers Get Little Help, CFPB Says

Troubled Private Student Loan Borrowers Get Little Help, CFPB Says

Borrowers stuck with oppressive private student loan debts continue to get little mercy from lenders, which is bad for both consumers and the financial institutions, according to a report issued Thursday by the Consumer Financial Protection Bureau. While distressed mortgage holders have several opportunities to appeal for lower monthly payments, and federal student loan borrowers... Read More

The States With the Highest Foreclosure Rates

Mortgages

The States With the Highest Foreclosure Rates

The States With the Highest Foreclosure Rates

U.S. foreclosure activity declined in September, reaching the lowest number of properties with a foreclosure filing since July 2006: 106,866. That’s down 9% from August and down 19% from last September, according to the monthly RealtyTrac foreclosure report, marking the 48th consecutive month of year-over-year declines in the foreclosure rate. September was also the final... Read More

A Free Retina Scan With Your Next Purchase?

News

A Free Retina Scan With Your Next Purchase?

A Free Retina Scan With Your Next Purchase?

Increasingly, legions of sophisticated hackers are infiltrating the most state-of-the-art data security strategies out there. The recent data compromises at Kmart and JPMorgan are in no way similar, except they share a common enemy. And while free retina scanners are probably a stretch, biometrics – the use of your biological data like fingerprints — may... Read More

Should Grandparents Worry About Their Credit?

Credit 101

Should Grandparents Worry About Their Credit?

Should Grandparents Worry About Their Credit?

Older Americans may seem to have out-saved their need for a good credit score. They may be living comfortably in a paid-for house on a fixed income. They definitely don’t plan to finance any big purchases with credit. And perhaps they’ve heard stories about older people who were using credit to finance everyday purchases and they... Read More

4 Unconventional Homes You Can Buy & How to Do It

Mortgages

4 Unconventional Homes You Can Buy & How to Do It

4 Unconventional Homes You Can Buy & How to Do It

Looking to purchase real estate other than a traditional cookie-cutter single-family home? If you’ve ever been told you can’t get residential mortgage financing on a certain type of property, think again. As challenging as it may be to get a loan for an alternative property type, it can be done. 1. Manufactured Homes Considered to... Read More

7 Costly Credit Score Myths

Credit 101

7 Costly Credit Score Myths

7 Costly Credit Score Myths

Your credit score can make a huge difference in your finances, from helping you qualify for loans and low interest rates to accessing utility services and renting the home you want. As much as people want to have good credit scores, there’s a lot of confusion about how they work. The more you know about credit... Read More

4 Consumer Rights You Didn’t Have 40 Years Ago

Personal Finance

4 Consumer Rights You Didn’t Have 40 Years Ago

4 Consumer Rights You Didn’t Have 40 Years Ago

In 1974, if you wanted to watch a television show, you’d better make sure you were near a TV when it aired, because chances are you didn’t have any way to record it. Grocery store employees put price tags manually on every item in the store, and then manually entered them into the cash register... Read More

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