Bankruptcy: A Last-Resort Option

Managing Debt

Bankruptcy: A Last-Resort Option

Bankruptcy: A Last-Resort Option

For most people, filing bankruptcy is a last-resort option, deployed when all other debt and finance management alternatives have not worked. Filing a bankruptcy is viewed as the beginning of a “fresh start” and it does, indeed, free you from paying all or part of your debt owed. However, it’s important to understand that your… Read More

Man Facing Foreclosure Booby-Traps House, Causes Bomb Scare

Mortgages

Man Facing Foreclosure Booby-Traps House, Causes Bomb Scare

Man Facing Foreclosure Booby-Traps House, Causes Bomb Scare

A Seattle man whose house was in foreclosure apparently left the home looking like it might be rigged with an explosive booby trap, local media in Seattle report. A police bomb squad and SWAT team were called to the home this week. [Tool: Quickly assess your risk of identity theft for free] They found several… Read More

Big Mortgages May Now Cost More

Mortgages

Big Mortgages May Now Cost More

Big Mortgages May Now Cost More

Searching for a home in a high-cost city? Starting today, financing for that not-so-humble abode may be more expensive. As CNN reports, Fannie Mae and Freddie Mac are lowering the caps at which they’ll back mortgages in pricier regions. The ceilings will vary depending on the market, CNN says. According to Reuters, mortgage limits in… Read More

Follow Friday: Weekly Web Roundup (9/30/11)

Personal Finance

Follow Friday: Weekly Web Roundup (9/30/11)

Follow Friday: Weekly Web Roundup (9/30/11)

Times, they are a-changing. Credit card companies are in application overdrive and some debit cards will carry a monthly charge. Yet through the winds of change, some things remain true: Practicality and persistence are great assets, and it pays to remain alert. As always, if you enjoy any of our favorite bloggers, we encourage you… Read More

Many Consumers Outraged by Bank of America’s Big New Debit Fee

Credit Cards

Many Consumers Outraged by Bank of America’s Big New Debit Fee

Many Consumers Outraged by Bank of America’s Big New Debit Fee

Bank of America customers who use their debit cards to make purchases will be charged $5 a month, the bank announced Thursday. The news sparked widespread outrage among consumers, lawmakers and retailers. Some even encouraged consumers to boycott Bank of America, the nation’s largest bank. “(W)e urge any and all of our 5 million monthly… Read More

The Credit Line: “Fee for All” Fees for Using Your Own Money

Personal Finance

The Credit Line: “Fee for All” Fees for Using Your Own Money

The Credit Line: “Fee for All” Fees for Using Your Own Money

Tune in to this week’s installment of The Credit Line, hosted by Credit.com’s chairman and co-founder Adam Levin on Los Angeles’ KFWB 980 AM this Saturday, October 1, at 9 a.m. PST/Noon EST. The show is co-hosted by L.A. radio personality Jeff Levy. “Fee for All” Fees for Using Your Own Money This week, Adam… Read More

Day After Big Debit Fee Hike, BofA Homepage Fails

Personal Finance

Day After Big Debit Fee Hike, BofA Homepage Fails

Day After Big Debit Fee Hike, BofA Homepage Fails

Bank of America’s homepage was down Friday morning, a day after the megabank announced that it will begin charging customers $5 a month to use their debit cards. Instead of the bank’s normal site, visitors receive a notice stating “Home Page Temporarily Unavailable,” followed by the message, “We’re sorry, but some of our pages are… Read More

Talk Credit Radio: Extreme Savings – With Coupons!

Personal Finance

Talk Credit Radio: Extreme Savings – With Coupons!

Talk Credit Radio: Extreme Savings – With Coupons!

This week on Talk Credit Radio: Friday September 29, 2011 Tune into Talk Credit Radio this week with Credit.com’s personal finance expert Gerri Detweiler, live from 4-5 ET/1-2 PT on WSRQ. Extreme Savings – With Coupons! In 2010 Liza Ford spent approximately $900 for the entire year on all of her groceries, toiletries and household items…. Read More

In First Showdown, Credit Card Fee Limits Lose

Credit Cards

In First Showdown, Credit Card Fee Limits Lose

In First Showdown, Credit Card Fee Limits Lose

One of the first lawsuits filed against the government’s new consumer protection agency can move forward, a federal judge has ruled, signaling that new rules limiting upfront credit card fees may be struck down. The lawsuit pits two natural enemies against each other. It was filed by First Premier, which issues credit cards mostly to… Read More

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