Refis Helping Consumers Reduce Mortgage Debt

Mortgages

Refis Helping Consumers Reduce Mortgage Debt

Refis Helping Consumers Reduce Mortgage Debt

In recent months, with mortgage rates hovering at or near all-time lows, consumers may have been more eager to refinance their existing home loans rather than seek new living arrangements, and many who did so saved a significant amount of money. In the first quarter of the year, 79 percent of homeowners who refinanced the… Read More

Contactless Payments May Prompt Borrowers to Spend More

Credit Cards

Contactless Payments May Prompt Borrowers to Spend More

Contactless Payments May Prompt Borrowers to Spend More

Consumers who have access to contactless payment technology may be more likely to spend on the accounts associated with those programs, not only in the real world, but online as well. Americans who adopted the MasterCard PayPass contactless credit card technology became far more likely to prefer those accounts to others within 12 months of… Read More

This Week in Credit Card News: Offers Abound

Credit Cards

This Week in Credit Card News: Offers Abound

This Week in Credit Card News: Offers Abound

The world of plastic never stands still. There’s an increase in mailed credit card offers, a survey finds that prepaid cards have oodles of fees, and the road to mobile wallets is pretty darn complicated. For your reading pleasure, here are a few highlights from the past week: Competitive Credit Card Offers On the Rise… Read More

Credit Card Offers Becoming Sweeter for Consumers

Credit Cards

Credit Card Offers Becoming Sweeter for Consumers

Credit Card Offers Becoming Sweeter for Consumers

These days, millions of consumers are getting their finances in order and may be feeling better about their position as the economy improves. Consequently, many credit card lenders are now issuing a far larger number of high-value offers for new accounts that consumers may find enticing. As the economy continues to recover after the recent… Read More

Common Credit Score Mistakes That You May Be Making

Credit Score

Common Credit Score Mistakes That You May Be Making

Common Credit Score Mistakes That You May Be Making

Many consumers have likely heard about the biggest ways they can damage their credit score, such as by missing a scheduled payment or by carrying too large a balance from one month to the next. However, there are other ways consumers can inadvertently see their scores slashed that may not occur to them. For instance,… Read More

Credit Card Defaults May Soon Hit Bottom

Credit Cards

Credit Card Defaults May Soon Hit Bottom

Credit Card Defaults May Soon Hit Bottom

In the last year or more, many consumers have made conscientious efforts to reduce their reliance on credit cards and increase the timeliness of their payments, leading instances of delinquency and default to slip to at or near all-time historic lows. But lenders will likely see their net charge-off rates slip for one more quarter… Read More

Will the JOBS Act Help Your Business Raise Money?

Personal Finance

Will the JOBS Act Help Your Business Raise Money?

Will the JOBS Act Help Your Business Raise Money?

The recently enacted JOBS Act (Jumpstart Our Business Startups) is a either terrific boost for small businesses looking to raise money, or an invitation to investor fraud, depending on whom you ask about it. To learn more about the potential upside of this legislation, I interviewed small-business attorney Garrett Sutton. He is a Rich Dad… Read More

Double Whammy: High Debt, Few Jobs for Class of 2012

Students

Double Whammy: High Debt, Few Jobs for Class of 2012

Double Whammy: High Debt, Few Jobs for Class of 2012

Memo to the class of 2012: Your life may be about to get very hard. Graduates will leave campus to discover the worst job market in more than a decade, according to a recent report by the Associated Press. Meanwhile, rising tuition, soaring student loan debt, and potentially serious problems with the government’s system of… Read More

The Mobile Banking User: Young, Wealthy, Risky

Personal Finance

The Mobile Banking User: Young, Wealthy, Risky

The Mobile Banking User: Young, Wealthy, Risky

While most people don’t like to put the words “risk” and “banking” together in the same sentence, one study shows that mobile banking users are risk-takers. A new study from mobile advertising platform company Millennial Media shows that consumers who access mobile finance content tend to be young and wealthy and consider themselves risk-takers. Commissioned… Read More

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