This College Just Exposed Social Security Numbers, Data of 163,000 People

Identity Theft

This College Just Exposed Social Security Numbers, Data of 163,000 People

This College Just Exposed Social Security Numbers, Data of 163,000 People

A private university in Indianapolis is dealing with a massive data breach, raising questions about the necessity of storing people’s personal information years after it is no longer needed. A hacker acquired data, including Social Security numbers, of about 163,000 students, alumni, faculty, staff and applicants of Butler University, a university spokesman confirmed June 30.... Read More

The New American Dream: Getting Out of Debt

Managing Debt

The New American Dream: Getting Out of Debt

The New American Dream: Getting Out of Debt

What does the American Dream look like today? For a quarter of American adults in a new Credit.com survey, the answer is simple: it’s being debt-free. Retiring financially secure at age 65 was the most popular response to the question, “Which of the following financial goals most closely represents the ultimate American Dream for you?”... Read More

You Could Be Living in a Shipping Container One Day

Mortgages

You Could Be Living in a Shipping Container One Day

You Could Be Living in a Shipping Container One Day

An Australian housing and recycling enthusiast is working to resolve the supply-and-demand imbalance in Sydney’s property market by putting people in shipping containers. Yes, people are living in those corrugated-steel boxes you see on trains and semi-trucks, CNN reports. (Not while the boxes are on trains and trucks, though.) Australia’s The Container Group builds these... Read More

The Most Expensive States to Get Divorced In

Personal Finance

The Most Expensive States to Get Divorced In

The Most Expensive States to Get Divorced In

As if splitting up from your spouse isn’t already stressful enough, some Americans have to pay more than $400 to file for divorce, purely because of where they live. From least to most expensive filing fees, some people pay four times as much as others to initiate divorce proceedings. Of course, that’s only the beginning of the... Read More

The New Debt Collection Scam: Calling Your Mom

Identity Theft

The New Debt Collection Scam: Calling Your Mom

The New Debt Collection Scam: Calling Your Mom

Fraud-fighting organizations are reporting a new trend in debt-collection scams, in which fraudsters not only try to pressure people into forking over money they don’t owe but also harass targets’ family members and friends. Scammers rely on the social pressure and fear of job loss to get the victims to pay, according to a summary... Read More

5 Reasons to Start a Savings Account Today

Personal Finance

5 Reasons to Start a Savings Account Today

5 Reasons to Start a Savings Account Today

Whether you have begun working or not, opening a savings account is one of the most important steps you can take toward becoming financially independent and achieving your dreams. Here are five good reasons why you should start a savings account today. 1. To Start Building Wealth The road to financial freedom begins with a... Read More

Retail Credit Cards: What’s the Catch?

Credit Cards

Retail Credit Cards: What’s the Catch?

Retail Credit Cards: What’s the Catch?

Nearly every retailer wants you to sign up for their co-branded credit card. To entice customers, these offers feature discounts on purchases, interest free-financing options, or both. With the opportunity to save 10%, 15% or even 20% on your purchases that day, what can go wrong? Plenty, if you don’t know what you’re dealing with.... Read More

Credit Card Thieves Spend $31,000 in 2 Hours

Identity Theft

Credit Card Thieves Spend $31,000 in 2 Hours

Credit Card Thieves Spend $31,000 in 2 Hours

If you need a reason to obsessively monitor your credit card activity, here you go: Someone allegedly stole a Virginia woman’s credit cards and spent $31,000 at various Best Buy stores within two hours, reports Fox 5 in Washington, D.C. After spending thousands of dollars at two stores June 21, the woman’s card was declined after the second attempted... Read More

Your TV Watching Could Be Driving You Into Debt

Managing Debt

Your TV Watching Could Be Driving You Into Debt

Your TV Watching Could Be Driving You Into Debt

Watching TV is among Americans’ favorite ways to spend their free time. Sure, it’s fun to socialize, read and exercise, but TV gets much more of our attention, according to the recently released 2013 American Time Use Survey from the Bureau of Labor Statistics. We spend about half our leisure time watching TV — an average... Read More

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Credit.com’s journalism is largely supported by an e-commerce business model. Rather than rely on revenue from display ad impressions, Credit.com maintains a financial marketplace separate from its editorial pages. When someone navigates to those pages, and applies for a credit card, for example, Credit.com will get paid what is essentially a finder’s fee if that person ends up getting the card. That doesn’t mean, however, that our editorial decisions are informed by the products available in our marketplace. The editorial team chooses what to write about and how to write about it independently of the decisions and priorities of the business side of the company. In fact, we maintain a strict and important firewall between the editorial and business departments. Our mission as journalists is to serve the reader, not the advertiser. In that sense, we are no different from any other news organization that is supported by ad revenue.

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