This Week in Credit News: Bluebird Is Born

Credit Cards

This Week in Credit News: Bluebird Is Born

This Week in Credit News: Bluebird Is Born

The biggest news this week revolved around a new prepaid debit card being offered by the world’s largest retailer and one of the major credit card issuers. Walmart & AmEx Team Up for Low-Cost Prepaid Card Walmart and American Express recently announced that they were going to release a new prepaid card option specifically targeted… Read More

Payday Loan Scams 2.0: Things Just Got Worse

Identity Theft

Payday Loan Scams 2.0: Things Just Got Worse

Payday Loan Scams 2.0: Things Just Got Worse

Payday loan scams, when thieves randomly call victims and talk them into paying for a loan they never took, have been going down for years. In one of the largest known cases, the Federal Trade Commission busted a group that made more than 2.7 million calls to 600,000 different phone numbers, collecting more than $5.2… Read More

Will 2013 Be the Year You Can Finally Get a Mortgage?

Mortgages

Will 2013 Be the Year You Can Finally Get a Mortgage?

Will 2013 Be the Year You Can Finally Get a Mortgage?

The decision to make the jump from renter to homeowner is not an easy one, but a lack of credit availability has been keeping many potential homeowners on the sidelines after the Great Recession. While those with fantastic credit are debating whether or not mortgage rates will go even lower than their current record lows,… Read More

Wells Fargo Sued by U.S. Over Faulty Mortgages

Mortgages

Wells Fargo Sued by U.S. Over Faulty Mortgages

Wells Fargo Sued by U.S. Over Faulty Mortgages

Alleging that the bank has poorly underwritten numerous mortgages based on data indicating a high number of defaulted mortgages, Manhattan U.S. Attorney Preet Bharara has filed a civil lawsuit against Wells Fargo. Bharara, who filed the suit along with the Department of Housing and Urban Development General Counsel Helen Kanovsky and Inspector General David Montoya,… Read More

What the 2012 Election Means for Credit Card Regulations

Credit Cards

What the 2012 Election Means for Credit Card Regulations

What the 2012 Election Means for Credit Card Regulations

When Ben and his wife went shopping for a better credit card deal, they started feeling stuck. Could they find lower rates elsewhere? With all the dizzying complexity of credit card offers and contracts, they couldn’t figure it out. “I was talking about our credit card interest rates with my wife recently and wondering if… Read More

3 Mental Tricks to Overcome Credit Stress

Credit Score

3 Mental Tricks to Overcome Credit Stress

3 Mental Tricks to Overcome Credit Stress

It was the moment of truth: Sam sat across from the loan officer at the local bank. The loan officer had just input all of Sam’s answers to a loan application and now she was doing one of the final steps in the process by pulling Sam’s credit scores. As she clicked enter, Sam broke… Read More

Loan, Credit Card Balances Grew in August

Managing Debt

Loan, Credit Card Balances Grew in August

Loan, Credit Card Balances Grew in August

In the past year or more, consumer borrowing has been on the rise despite Americans’ efforts to curb their credit card use. However, even those accounts carried more debt at the end of August. Consumer credit – that is, the total amount of debt owed to lenders on both credit cards and installment loans not… Read More

Walmart & AmEx Team Up for Low-Cost Prepaid Card

Credit Cards

Walmart & AmEx Team Up for Low-Cost Prepaid Card

Walmart & AmEx Team Up for Low-Cost Prepaid Card

A lot of attention has been paid to the cost of prepaid and traditional debit cards in recent years, and now the nation’s largest retail chain is partnering with a major financial institution to create a competitive entry into that market. Walmart and American Express recently announced that they were going to release a new… Read More

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