How Sale Prices Nudge Us Into Buying Junk Food

Personal Finance

How Sale Prices Nudge Us Into Buying Junk Food

How Sale Prices Nudge Us Into Buying Junk Food

Photo by Christian Cable Deep down, people want to buy healthy food. Unhealthy foods have a negative association, with terms like “vice foods” and “guilty pleasures.” But even well-intentioned consumers have a hard time resisting buying the unhealthy stuff when they’re on sale. Price discounts can help consumers overcome their guilt of buying junk food,… Read More

Massachusetts Residents See Foreclosure Slip Considerably

Mortgages

Massachusetts Residents See Foreclosure Slip Considerably

Massachusetts Residents See Foreclosure Slip Considerably

There were 1,048 foreclosure petitions filed in Massachusetts during March, marking a 59.4 percent decline from the 2,581 recorded during the same month in 2010, according to the latest monthly statistics from Boston-based consultancy firm the Warren Group. Similarly, there were a total of 2,535 foreclosure actions take in all of the first quarter in… Read More

Do You Believe You Can Buy Happiness? If So, Watch Your Credit

Personal Finance

Do You Believe You Can Buy Happiness? If So, Watch Your Credit

Do You Believe You Can Buy Happiness? If So, Watch Your Credit

Do you believe that a new purchase will transform your life? That a new set of golf clubs will make you more successful in business, or a new swimming pool will reduce your family strife? If so, you’re more likely to get into credit trouble, according to recent research by Marsha Richins, a professor of… Read More

More Consumers Turning Back to Credit Cards

Credit Cards

More Consumers Turning Back to Credit Cards

More Consumers Turning Back to Credit Cards

In the last year, 20 percent of Americans said they attempted to shop around for a new credit card, according to the latest statistics from the tracking firm comScore. Another 34 percent said they were feeling optimistic about the economy. [Resource: The Best Credit Cards in America: Cash Back and Travel Rewards] “As we see consumer… Read More

Stay-at-Home Parents Struggle to Obtain Lines of Credit

Credit Cards

Stay-at-Home Parents Struggle to Obtain Lines of Credit

Stay-at-Home Parents Struggle to Obtain Lines of Credit

The Credit Card Accountability, Responsibility and Disclosure Act of 2009 specified that lenders must consider a consumer’s individual income when they apply for a new line of credit, which has left many stay-at-home parents without the ability to get an account in their own name, according to a report from U.S. New and World Report…. Read More

Study: Car Buyers Pay $25.8 Billion in Secret Fees

Auto Loans

Study: Car Buyers Pay $25.8 Billion in Secret Fees

Study: Car Buyers Pay $25.8 Billion in Secret Fees

Americans will pay car dealers an extra $25.8 billion in interest over the lives of auto loans taken out in 2009, according to a new report by the Center for Responsible Lending. That translates to an additional $714 for every customer who received a loan through a car dealer. Dealers extracted the extra payments by… Read More

He Robbed a Bank With A Pencil. Now He’s Going to Prison.

Mortgages

He Robbed a Bank With A Pencil. Now He’s Going to Prison.

He Robbed a Bank With A Pencil. Now He’s Going to Prison.

The man who founded what was once among the nation’s largest mortgage lending companies was found guilty this week of numerous counts of fraud by a federal jury in Virginia, having cheated investors and the federal government out of $2.9 billion. Lee B. Farkas, former chairman of Taylor, Bean & Whitaker, “masterminded one of the… Read More

Financial News Roundup: Purchasing Sufficient Insurance Coverage, Fewer Americans Hold Stock

Personal Finance

Financial News Roundup: Purchasing Sufficient Insurance Coverage, Fewer Americans Hold Stock

Financial News Roundup: Purchasing Sufficient Insurance Coverage, Fewer Americans Hold Stock

Today’s top news headlines feature new rules voluntarily imposed on staff by for-profit colleges and advice about ensuring homeowners insurance coverage is adequate. Plus, find out why fewer Americans are investing in the stock market. Too Few Americans Carry Adequate Homeowners Insurance The Wall Street Journal Americans are being urged to take a thorough look… Read More

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