National Default Rate Stable

Managing Debt

National Default Rate Stable

National Default Rate Stable

Consumer credit default rates remain at low, pre-recession levels, according to the S&P/Experian Consumer Credit Default Indices. The indices, released monthly, measure changes in the default rates among credit card accounts, auto loans, and first and second mortgages in five major metro areas. The percentage of loans in default among all those consumer credit products... Read More

How to Cut Your Monthly Expenses By $1,000 a Year

Personal Finance

How to Cut Your Monthly Expenses By $1,000 a Year

How to Cut Your Monthly Expenses By $1,000 a Year

Honey Boo Boo may be entertaining, but is she worth the $100 or more you may be shelling out for cable each month? According to The NPD Group, the average pay-TV subscription service cost $86 a month in 2011, and that number is expected to climb to $123 by 2015. If the research company is... Read More

Black Friday Is a Big Day… for Plumbers

Personal Finance

Black Friday Is a Big Day… for Plumbers

Black Friday Is a Big Day… for Plumbers

Black Friday is one of the biggest shopping days of the year, but retailers and shoppers aren’t the only ones keeping busy after Thanksgiving. According to Roto-Rooter, Black Friday is the single busiest day for their residential plumbers. While the volume of guests may cause some problems in the bathroom, the kitchen is home to... Read More

Credit.com in the News 11.23.13

Personal Loans

Credit.com in the News 11.23.13

Credit.com in the News 11.23.13

The Consumer Financial Protection Bureau released a report highlighting the need to focus on financial education, which is what Credit.com’s Credit Experts were all about this week. In an NBC story on that report, Credit.com Director of Consumer Education Gerri Detweiler commented on the troubling disparity between the money financial service companies spent on financial... Read More

Someone Stole My Credit Card to Buy Pizza

Identity Theft

Someone Stole My Credit Card to Buy Pizza

Someone Stole My Credit Card to Buy Pizza

A pair of alleged thieves in Ohio used a stolen credit card to buy nearly $150 of food, and the police arrested them by following the delivery trail, according to a local news report. An Oberlin, Ohio, woman reported her wallet missing, and in the process of canceling her credit cards, an issuer said her... Read More

How Does a Collection Appear on Your Credit Report?

Managing Debt

How Does a Collection Appear on Your Credit Report?

How Does a Collection Appear on Your Credit Report?

Forgetting to pay a fine, ignoring unaffordable debt, missing a bill payment — such scenarios may lead to debt collectors and, eventually, the black mark of a collections account on a credit report. Just like that, a consumer’s credit problems can be a lot greater than one unpaid bill, as collection accounts ding credit scores... Read More

Google Goes Analog With a Real Debit Card

Credit Cards

Google Goes Analog With a Real Debit Card

Google Goes Analog With a Real Debit Card

Google now offers a Google Wallet Card as a physical extension of the credit-, debit- and loyalty-card management app Google Wallet, allowing users to withdraw cash from ATMs and pay with the card in stores. The card is tied to a user’s Google Wallet Balance, to which a user can add money from a variety... Read More

Why Your End-of-Year Bonus Isn’t As Big As You Think

Personal Finance

Why Your End-of-Year Bonus Isn’t As Big As You Think

Why Your End-of-Year Bonus Isn’t As Big As You Think

We’re nearing the time of year when many businesses distribute end-of-year bonuses to high-performing employees (or holiday bonuses to all). And the number you hear from your boss is likely to be bigger than the one you see on your paycheck. Blame the difference on tax withholding. Unless your bonus is $1 million or so,... Read More

5 Dangers of Black Friday Shopping

Credit Score

5 Dangers of Black Friday Shopping

5 Dangers of Black Friday Shopping

Black Friday is the most anticipated, but potentially dangerous, shopping day of the year. As millions of Americans head out in the wee hours of the morning following traditional Thanksgiving Day festivities, many are unaware of the credit dangers that await them. Here are a few important Black Friday credit perils you can avoid. 1.... Read More

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