Student Loan Default Rate Rises

Managing Debt

Student Loan Default Rate Rises

Student Loan Default Rate Rises

The national student loan default rate is on the rise, with students at for-profit colleges defaulting much more frequently than those at public or private schools, according to the Department of Education. Of borrowers who entered repayment in fiscal 2010, 14.7% defaulted within three years, up from 13.4% who entered repayment in fiscal 2009. This... Read More

The 5 Deadly Clicks: The Links You Should Never Touch

Identity Theft

The 5 Deadly Clicks: The Links You Should Never Touch

The 5 Deadly Clicks: The Links You Should Never Touch

Here’s a scary scenario. You’re innocently surfing the Web, maybe on an unfamiliar site, not paying close attention. Suddenly your computer screen fills with illegal pornographic images of minors. You try to navigate away, but a warning screen branded by the National Security Administration’s Internet Surveillance Program pops up with the message: “Your computer has... Read More

The Next Wave of Identity Theft?

Identity Theft

The Next Wave of Identity Theft?

The Next Wave of Identity Theft?

Consumers who have been lulled in to a false sense of security over credit card fraud could be in for a rude awaking. That was the message delivered at Visa’s Global Security Summit held in Washington, D.C., on Wednesday. Disclosure last week of a serious data theft involving some of the nation’s largest data brokers... Read More

10 Money Tips You Shouldn’t Ignore

Personal Finance

10 Money Tips You Shouldn’t Ignore

10 Money Tips You Shouldn’t Ignore

With all the personal finance advice out there, it can get pretty overwhelming. But there are some fundamental principles that you shouldn’t overlook.  If you adopt these good habits, you’ll be better prepared for financial emergencies, and for retirement down the road. Let’s take a look at them: 1. There are no shortcuts. If someone... Read More

Credit Card Late Fees Are $6 Less Than Before the CARD Act

Credit Cards

Credit Card Late Fees Are $6 Less Than Before the CARD Act

Credit Card Late Fees Are $6 Less Than Before the CARD Act

Credit cards have become less costly for consumers during the past few years, an improvement the Consumer Financial Protection Bureau partially attributes to the CARD Act of 2009. In a report it released today, the CFPB outlined several improvements felt by consumers, including reduced fees and simplified credit card agreements. These and other changes have... Read More

Can Credit Cards Keep You From Buying a Home?

Mortgages

Can Credit Cards Keep You From Buying a Home?

Can Credit Cards Keep You From Buying a Home?

Consumer debt: Many of us have it. And most who do, have a love/hate relationship with it. If you can’t make the purchase with cash, do it with debt — right? We love to know we can still consume, but we hate the bill that comes 30 days later, along with the subsequent monthly payment.... Read More

How Many Credit Cards Should I Have?

Credit Cards

How Many Credit Cards Should I Have?

How Many Credit Cards Should I Have?

With plenty of great rewards programs and credit card offers out there, a consumer is likely to ask, “How many credit cards should I have?” It’s an important question with different answers, depending on who you ask and how you plan to use the card. One school of thought is that having no credit cards... Read More

Can Payday Loans Damage My Credit Score?

Credit Score

Can Payday Loans Damage My Credit Score?

Can Payday Loans Damage My Credit Score?

Payday loans are often used by people who are in a financial bind and looking for temporary relief until their next paycheck, like many government workers who were furloughed due to the government shutdown this week. In most instances, this option is exercised if no other immediate resources, such as credit cards or funds from... Read More

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