Financial News Roundup: Senior Citizen Unemployment, New Facebook Privacy Controversy

Personal Finance

Financial News Roundup: Senior Citizen Unemployment, New Facebook Privacy Controversy

Financial News Roundup: Senior Citizen Unemployment, New Facebook Privacy Controversy

Today’s top news headlines feature the impact of unemployment on older Americans and explains how state and federal budget cuts affect African Americans disproportionately. Plus, find out why everyone is questioning Facebook applications. Nursing Home Charges Come Under Scrutiny The New York Times A recent report reveals sizable price disparities between for-profit and nonprofit facilities… Read More

Reader Tips to Avoid Online Tracking (Hint: We’re Still Doomed)

Identity Theft

Reader Tips to Avoid Online Tracking (Hint: We’re Still Doomed)

Reader Tips to Avoid Online Tracking (Hint: We’re Still Doomed)

Last week I wrote a story about how none of the tools at consumers’ disposal to avoid being tracked online actually work. There are many things you can do to minimize how much information about you is gathered online. Tools like browser settings and cookie-deleting super-cookies may reduce the number of companies gathering data about… Read More

Staffing the Booming Foreclosure Business

Mortgages

Staffing the Booming Foreclosure Business

Staffing the Booming Foreclosure Business

Meet Dave.  He’s a homeowner in Sarasota, Florida who recently contacted Credit.com looking for help. Dave can’t afford his mortgage payments and he’s been damned near killing himself to get a modification with Bank of America for almost two years. He’s submitted his paperwork five times. He’s been assured several times by several individual Bank… Read More

Battle Over Mortgage Interest Tax Break Expected

Mortgages

Battle Over Mortgage Interest Tax Break Expected

Battle Over Mortgage Interest Tax Break Expected

Lawmakers in the U.S. House of Representatives have a new mandate from Speaker John Boehner to reduce government spending, and have honed in on a tax break that allows consumers to write off the amount they pay in interest on their home loans. However, some in the housing industry are readying for a fight. Congress… Read More

Consumer Bankruptcies Up Nine Percent In 2010

Managing Debt

Consumer Bankruptcies Up Nine Percent In 2010

Consumer Bankruptcies Up Nine Percent In 2010

More and more U.S. consumers, buffeted by heavy economic winds, are crying “uncle” and doing the once unthinkable – declaring bankruptcy. According to the American Bankruptcy Institute, citing data from the National Bankruptcy Center, U.S. consumer bankruptcies shot up by 9% in 2010 – the highest rate since 2005. Don’t expect the news to get… Read More

Three Signs You’re a Compulsive Shopper

Personal Finance

Three Signs You’re a Compulsive Shopper

Three Signs You’re a Compulsive Shopper

Okay, the holidays are over and you put the credit card away, right? Right? If your answer is “no” and you’re still out there shopping and spending – especially if you can’t afford to – you might have a problem. You might be a “compulsive” shopper. Good numbers on the topic are hard to come… Read More

Consumer Confidence Slips in January

Personal Finance

Consumer Confidence Slips in January

Consumer Confidence Slips in January

The latest preliminary numbers from January showed that consumer confidence had declined to 72.7, less than the 74.5 rating observed in December, according to a poll from Thomson Reuters and the University of Michigan. Originally, economists had forecast that the rating would rise to 75.4. But that estimate came before gas prices surged above a… Read More

Credit Card Q&A: Where Can I Get My Credit Scores for Free?

Credit 101

Credit Card Q&A: Where Can I Get My Credit Scores for Free?

Credit Card Q&A: Where Can I Get My Credit Scores for Free?

Q: Where can I get my credit scores for free? A: This has to be the question I’m asked more often than any other. You can get your credit reports for free, but credit scores – in particular, FICO scores – require a fee. I think there’s a perception that all scores are free because of the television… Read More

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