Could the Government Mandate Free Credit Scores?

Credit Score

Could the Government Mandate Free Credit Scores?

Could the Government Mandate Free Credit Scores?

This year marks the 10th anniversary of the groundbreaking Fair and Accurate Credit Transactions Act of 2003 (FACTA or FACT Act) that granted all consumers the right to obtain a free annual credit report from each of the three major credit bureaus through  AnnualCreditReport.com. Yet despite there being no shortage of free credit score offers... Read More

CFPB Zeroes In on Bank Overdraft Fees

Personal Finance

CFPB Zeroes In on Bank Overdraft Fees

CFPB Zeroes In on Bank Overdraft Fees

The Consumer Financial Protection Bureau released a white paper today on the impact of overdraft and non-sufficient funds (NSF) fees on the average bank account holder. The report is the result of an examination the CFPB announced in February 2012, and involves an analysis of information provided from a request for information published in the... Read More

How to Pick a Credit Card for International Travel

Credit Cards

How to Pick a Credit Card for International Travel

How to Pick a Credit Card for International Travel

Taking a trip outside the U.S. requires preparation. Travelers need to get their passports in order, obtain any necessary entry visas, and choose the right credit card. So what makes one credit card better than another when traveling internationally? Foreign Transaction Fees Buried in the fine print of most credit card user agreements is one of... Read More

Expert: Housing Recovery Is Hardly ‘Normal’

Mortgages

Expert: Housing Recovery Is Hardly ‘Normal’

Expert: Housing Recovery Is Hardly ‘Normal’

The housing market has made so many strides in the past few years due in large part to low prices and rates combining to create sky-high affordability that many experts see gains in the future being somewhat predictable. However, this may not be the case, thanks to the many irregularities that separate the current recovery... Read More

The Lenders Who Are Giving Borrowers a Second Chance

Mortgages

The Lenders Who Are Giving Borrowers a Second Chance

The Lenders Who Are Giving Borrowers a Second Chance

Brenda Woods did not want to move and leave the garden she had tended for some 40 years. But the roof on the manufactured home that she and her husband Larry had shared all those years was falling in, and their bank would not give them a loan to buy a replacement home. Brenda is... Read More

Data Breach Cost Rises to $136 Per Exposed Record

Identity Theft

Data Breach Cost Rises to $136 Per Exposed Record

Data Breach Cost Rises to $136 Per Exposed Record

The number of data breaches has grown steadily over recent years, and for companies getting hit by them, the costs associated with dealing with the fallout are rising too. The average cost of dealing with a data breach in the U.S. alone may have dropped slightly to $5.4 million last year, but the the number... Read More

Home Prices Rise 8.2% From Last Year

Mortgages

Home Prices Rise 8.2% From Last Year

Home Prices Rise 8.2% From Last Year

The housing market has been taking significant steps forward in recent months and rising home prices continued through the end of May. On a national basis, prices grew 1.3 percent over the previous three months through the end of May, according to the latest Home Data Index Market Report from analysis firm Clear Capital. However, on an annual basis,... Read More

How to Protect Yourself from Fraud at the Hospital

Identity Theft

How to Protect Yourself from Fraud at the Hospital

How to Protect Yourself from Fraud at the Hospital

Of all the places where people want to feel secure and protected, hospitals must certainly rank at the top. But even those who aren’t afraid of being poked and prodded have something to worry about: hospitals are a growing scene for identity theft and fraud. The fraud that’s happening in hospitals isn’t simple, either. In... Read More

10 States That Are Maxxed Out on Credit Cards

Credit Cards

10 States That Are Maxxed Out on Credit Cards

10 States That Are Maxxed Out on Credit Cards

Even if you make your payments on time every month, you can still damage your credit score in a major way by using too much of the credit available to you. The credit utilization ratio, a measure of your total revolving credit balance divided by your total revolving credit limits, makes up roughly 30% of... Read More

Only 41% of Americans Spend Less Than Their Income

Personal Finance

Only 41% of Americans Spend Less Than Their Income

Only 41% of Americans Spend Less Than Their Income

To deal with their finances in a more responsible manner, numerous consumers altered their spending and saving habits in recent years. Unfortunately, this wasn’t the case across the board. It seems that a large percentage of Americans still have some financial bad habits that they’re holding onto. Young people, in particular, appear to be in need of some new financial habits, as they... Read More

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