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

NSA’s PRISM Monitored Credit Card Transactions

Credit Cards

NSA’s PRISM Monitored Credit Card Transactions

NSA’s PRISM Monitored Credit Card Transactions

A controversial federal government initiative to keep close tabs on consumers’ Web browsing habits and other information recently came to light, and the program reportedly also kept close tabs on borrowers’ credit card transactions. The National Security Agency’s PRISM program was put into place as part of the nation’s anti-terrorism efforts, but many critics say... Read More

The True Costs of Credit Card Convenience Checks

Credit Cards

The True Costs of Credit Card Convenience Checks

The True Costs of Credit Card Convenience Checks

If you are like most credit card users, you have probably received credit card “convenience checks” in the mail from your bank. Card issuers will send out these checks, unsolicited, with the expectation that cardholders will use them to pay their rent, mortgage, utilities or any other biller that does not accept credit cards. The... Read More

New York DMV Data Breach Leads to 11 Felony Charges

Identity Theft

New York DMV Data Breach Leads to 11 Felony Charges

New York DMV Data Breach Leads to 11 Felony Charges

Data breaches are becoming more common for a number of reasons, but even despite a number of technological advances in recent years, one of the biggest causes of these incidents is still the fact that some workers with access to sensitive information abuse that privilege. That was the case in a recent data breach with... Read More

This Week in Credit News: Student Loan Woes

Personal Finance

This Week in Credit News: Student Loan Woes

This Week in Credit News: Student Loan Woes

The biggest credit news this week is all about student loan interest rates and debt as thousands of Americans graduate college and face the reality of their student loan payments. How to Pay Student Loans You Can’t Afford Once the six-month grace period that most student loan borrowers have expires, they’re faced with a choice... Read More

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