For Ex-Soldiers, Extra Paycheck Could Mean Higher Taxes

Personal Finance

For Ex-Soldiers, Extra Paycheck Could Mean Higher Taxes

For Ex-Soldiers, Extra Paycheck Could Mean Higher Taxes

Who wouldn’t want an extra paycheck every year? For millions of retired soldiers that wish is about to come true, but not without some potential problems with the IRS. The news came in the form of a press release from the Department of Defense, which announced on Tuesday that it will change some dates when… Read More

4 Credit Cards to Help You Save on Gas

Credit Cards

4 Credit Cards to Help You Save on Gas

4 Credit Cards to Help You Save on Gas

Just when it looked like we might be getting a break on gas prices, they start creeping up again. Here’s the latest on credit cards that will help you save money at the gas pump. And remember, no carrying a balance on these cards. If you do, say goodbye to the rewards. #1: Blue Cash… Read More

New Credit Score Could Help Millions, Eventually

Credit Score

New Credit Score Could Help Millions, Eventually

New Credit Score Could Help Millions, Eventually

The plea for credit score help was direct, almost desperate. A woman and her husband placed a “fairly large” good faith deposit on a home. But then her credit score fell from 626 to 619, just one point shy of the minimum required by the Department of Veterans Affairs to qualify for a mortgage. She… Read More

Why Your Lender is Using an Older Credit Scoring Model

Credit Score

Why Your Lender is Using an Older Credit Scoring Model

Why Your Lender is Using an Older Credit Scoring Model

Companies that develop credit scores have a strong interest in making sure the credit scoring systems they provide to the industry are as predictive and robust as possible so that lenders will opt to select and use their credit scoring system when evaluating the potential risk of their customers. This is especially critical in today’s… Read More

Lawsuits: Big Banks Defrauded Taxpayers for $200 Billion

Personal Finance

Lawsuits: Big Banks Defrauded Taxpayers for $200 Billion

Lawsuits: Big Banks Defrauded Taxpayers for $200 Billion

Some of the world’s largest banks defrauded U.S. taxpayers out of almost $200 billion by lying about the quality of mortgage-based investments, according to lawsuits filed on Friday by federal regulators. The suits will likely take years to resolve, and could cost the banks tens of billions of dollars in repayments and fines. By misrepresenting… Read More

Senate Stalemate Keeps Consumer Protection Bureau Leaderless

Personal Finance

Senate Stalemate Keeps Consumer Protection Bureau Leaderless

Senate Stalemate Keeps Consumer Protection Bureau Leaderless

The first confirmation hearing to approve the leader of the Consumer Financial Protection Bureau confirmed only one thing:  The political stalemate surrounding the new agency is likely to continue indefinitely. While Republican members of the Senate Banking Committee joined Democrats on Tuesday in praising Richard Cordray, the former Ohio attorney general who is President Obama’s… Read More

Freddie and Fannie – Has Everyone Gone Postal?

Mortgages

Freddie and Fannie – Has Everyone Gone Postal?

Freddie and Fannie – Has Everyone Gone Postal?

Between Freddie and Fannie’s latest woes and the United States Postal Service teetering on collapse, it’s been a bad week or so for quasi-governmental agencies. Late last week the United States Postal Service (USPS) announced that it was facing a shortfall of approximately $5.5 billion in terms of its obligations in the month of September,… Read More

It Pays to Read These Comic Books

Personal Finance

It Pays to Read These Comic Books

It Pays to Read These Comic Books

When I was a kid my parents told me I read too many comic books. “You are wasting your time,” my father said. “You should read something with more substance.” My father was probably right. My favorite comic as child was Richie Rich, which starred a kindhearted and astronomically wealthy child who lived a life… Read More

Show Me More

Find out where you stand.
Get your FREE personalized credit report card.

Sign Up Now
X

Stay Connected to Our Experts

Please submit your email address to get credit & money tips & advice
from our team of 30+ experts, delivered weekly to your inbox.