New Ruling Will Make Student Loans More Affordable to Pay Back

Students

New Ruling Will Make Student Loans More Affordable to Pay Back

New Ruling Will Make Student Loans More Affordable to Pay Back

Many college students who graduated recently have likely had a hard time finding a job, and the six months’ forbearance they had to avoid high bill payments is rapidly coming to a close. However, the U.S. Department of Education recently stepped in to make payments easier for all recent grads. The Department of Education’s final… Read More

What Happens to Your Unpaid Debt

Managing Debt

What Happens to Your Unpaid Debt

What Happens to Your Unpaid Debt

In the first part of the Debt 101 series I talked about taking advantage of lower credit card payment opportunities that many lenders offer to their customers who fall behind with payments. Depending on the situation, capitalizing on the earliest opportunities to work directly with your credit card lender can deliver the results needed to… Read More

Fed Says Credit Crunch Continues to Ease

Personal Finance

Fed Says Credit Crunch Continues to Ease

Fed Says Credit Crunch Continues to Ease

Demand for new lines of credit among businesses increased significantly in the third quarter, and banks continued to ease lending standards across many different types of loans, both of which may indicate companies feel the economy is improving. About 45 percent of bank credit officers say demand for commercial real estate loans increased “notably” in… Read More

New Data Show Consumers Using Their Plastic More Often

Managing Debt

New Data Show Consumers Using Their Plastic More Often

New Data Show Consumers Using Their Plastic More Often

While people around the world are still reeling from the recent recession, many consumers now feel they’re in a better position to handle added debt and spending, and that was reflected in third-quarter statistics from the world’s second-largest card payment processor. MasterCard saw the number of transactions it handled on its branded debit and credit… Read More

Obama Praises Efforts of CFPB

Credit Score

Obama Praises Efforts of CFPB

Obama Praises Efforts of CFPB

While many consumer advocates have voiced their approval of the federal watchdog in charge of regulating the lending industry and others, the agency recently earned praise from the man holding highest office in the land. In his recent weekly address, President Barack Obama applauded efforts made by the federal Consumer Financial Protection Bureau to protect… Read More

This Week in Credit News: Lessons From Hurricane Sandy

Personal Finance

This Week in Credit News: Lessons From Hurricane Sandy

This Week in Credit News: Lessons From Hurricane Sandy

The biggest news this week revolves around superstorm Hurricane Sandy, which struck the East Coast this week and caused major devastation. Hurricane Sandy: The Money Papers You Need in Your Go Bag Whether you were affected by the hurricane or not, the lessons you can learn from this article are priceless. Jeanine Skowronski dives into… Read More

Why Are Auto Loans the Easiest Loans to Get?

Auto Loans

Why Are Auto Loans the Easiest Loans to Get?

Why Are Auto Loans the Easiest Loans to Get?

If you have had trouble getting approved for a mortgage, a credit card or a personal loan recently because your credit isn’t up to par, you aren’t alone. We get readers writing to us often about their trouble getting access to credit, but one type of loan is already opening up again to non-prime consumers… Read More

Consumers’ Credit Reports Hacked in 2011 Breach

Identity Theft

Consumers’ Credit Reports Hacked in 2011 Breach

Consumers’ Credit Reports Hacked in 2011 Breach

Last year, a hacking attack compromised the computer systems for the relatively small Abilene Telco Federal Credit Union in Texas, but the fallout was far more considerable than was originally thought. The data breach not only compromised customers’ account data, but also uncovered the bank’s login data with the credit monitoring bureau Experian, according to… Read More

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