Credit.com in the News 4/28/12

Personal Finance

Credit.com in the News 4/28/12

Credit.com in the News 4/28/12

The experts from Credit.com contribute to a wide range of publications on subjects including taxes, identity theft, credit scores, credit cards and debt. Check out the recent hits… Credit.com co-founder Adam Levin appeared on Fox and Friends to discuss the country’s new mortgage mess. He sets the record straight on what’s being done in Washington… Read More

Say Something Already! Obama & Romney’s Housing Crisis

Mortgages

Say Something Already! Obama & Romney’s Housing Crisis

Say Something Already! Obama & Romney’s Housing Crisis

President Obama, Governor Romney and their backers may be spending hundreds of millions of dollars to live in the most expensive and exclusive house in the nation, but they aren’t saying enough about the fact that housing in America is broken. Despite what the media and candidates might have you believe, real estate, home ownership… Read More

Young Adults Struggling Financially Under Credit Card, Loan Debt

Managing Debt

Young Adults Struggling Financially Under Credit Card, Loan Debt

Young Adults Struggling Financially Under Credit Card, Loan Debt

These days, college kids are graduating from school with tens of thousands of dollars in debt spread across credit cards, auto financing and student loans, and experts say this could all have been avoided with a little bit of financial education. A large amount of data suggests that young adults in their 20s are having… Read More

Can Your Roommate Ruin Your Credit?

Credit Score

Can Your Roommate Ruin Your Credit?

Can Your Roommate Ruin Your Credit?

Jim has a question about his roommate and credit information.  Jim is careful to always pay his bills on time, keep his credit balances low and has a pretty good credit score.  Rick, his roommate, is quite the opposite and is frequently late with his credit payments and has several credit cards with high balances…. Read More

Critics Say Mortgage Lending Too Tight

Mortgages

Critics Say Mortgage Lending Too Tight

Critics Say Mortgage Lending Too Tight

The recent financial downturn caused many financial institutions to significantly tighten their lending restrictions, and understandably so. But as the economy continues to improve, many are once again loosening them, with the exceptions of those which grant home loans. Mortgage lending standards have remained particularly tight even as those for other lines of credit have… Read More

Should Consumers Avoid Having Too Many Credit Cards?

Credit Cards

Should Consumers Avoid Having Too Many Credit Cards?

Should Consumers Avoid Having Too Many Credit Cards?

Many consumers may have heard about a new trend in recent months that has led borrowers with stronger credit scores to accept the large number of offers for new credit cards they may be receiving from lenders. The reason for this, ostensibly, is to reap the hundreds of dollars worth of points, cash back and… Read More

Choosing the Right Travel Rewards Credit Card

Credit Cards

Choosing the Right Travel Rewards Credit Card

Choosing the Right Travel Rewards Credit Card

I frequently get asked if it’s better to go with a general travel rewards credit card or with one that’s branded by an airline. Well, the answer to that depends on how you answer this question: Do you fly on one airline the vast majority of the time? If the answer is no, then stick… Read More

Consumer Credit Default Rates Drop at End of First Quarter

Personal Finance

Consumer Credit Default Rates Drop at End of First Quarter

Consumer Credit Default Rates Drop at End of First Quarter

Consumers’ credit reports may be looking better, as a new report indicates the default rate of consumer credit decreased notably in March. According to the S&P/Experian Consumer Credit Default Indices for the final month of the first quarter, all types of consumer loans experienced a drop in default rates. The national composite slipped to 1.96… Read More

Report: Marketing Credit Cards on Campus Continues

Students

Report: Marketing Credit Cards on Campus Continues

Report: Marketing Credit Cards on Campus Continues

In early 2010, the regulations designed to help young adults avoid taking on large amounts of costly credit card debt went into effect, but evidence suggests that little has changed in terms of lenders’ pursuit of these lucrative young consumers. The Credit Card Accountability, Responsibility and Disclosure Act was designed to help limit the exposure… Read More

Six Dangerous Words If You Are In Debt

Managing Debt

Six Dangerous Words If You Are In Debt

Six Dangerous Words If You Are In Debt

If you are in debt and struggling to get out, there are six very dangerous words that may affect your financial future in significant ways. If you hear these words, put up your guard, and question carefully whether they are true. Before I tell you what those words are, let me first state that I… Read More

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