New and Unexpected Uses for Scoring Technology

Credit Score

New and Unexpected Uses for Scoring Technology

New and Unexpected Uses for Scoring Technology

By now, most people are aware of credit scores and have a basic understanding of how they work and buy into the concept that how you have managed your credit in the past is likely a good predictor of how you will manage credit in the future.  The art and science of leveraging a consumer’s… Read More

Banks Balk at Writing Their Own Living Wills

Personal Finance

Banks Balk at Writing Their Own Living Wills

Banks Balk at Writing Their Own Living Wills

What if your bank is too big too fail, but fails anyway? As part of the sweeping bank reform law known as Dodd-Frank, big banks must write up living wills for themselves, essentially creating roadmaps for federal regulators on how to dismantle them if the companies drive themselves into bankruptcy and federal ownership (like Lehman… Read More

Credit.com and Jean Chatzky Announce The Debt Diet Participants

Managing Debt

Credit.com and Jean Chatzky Announce The Debt Diet Participants

Credit.com and Jean Chatzky Announce The Debt Diet Participants

As we kick off The Debt Diet—and introduce you to our five participants—first, let me say thank you to everyone who applied to be a part of this project. I know that sharing information on your financial lives, and your financial struggles, isn’t easy and I appreciate the trust and faith you have in me…. Read More

More Card Use, Fewer Defaults Drive Discover Profits

Credit Cards

More Card Use, Fewer Defaults Drive Discover Profits

More Card Use, Fewer Defaults Drive Discover Profits

More card use, increased transaction value and fewer defaults caused profits for Discover Financial Services to rocket to $593 million in the three-month period ending on May 31. That was up from just $185 million in the same quarter last year. Discover profits rose largely as a result of far fewer defaults suffered by the… Read More

6 Cheap & Gorgeous Vacation Destinations

Personal Finance

6 Cheap & Gorgeous Vacation Destinations

6 Cheap & Gorgeous Vacation Destinations

From mountains to beaches, hostels to luxury resorts, street snacks to five star restaurants, one of these six beautiful destinations might be the holiday that fulfills your travel fantasies — and actually fits your budget.

Anti-Regulation Bank Regulator Draws Democrats’ Ire

Personal Finance

Anti-Regulation Bank Regulator Draws Democrats’ Ire

Anti-Regulation Bank Regulator Draws Democrats’ Ire

A month ago, one of the nation’s most powerful bank regulators caught our attention when he said in public that the U.S. has too many bank regulations. Now he’s done it again. And this time, it isn’t just us and a few other credit nerds who noticed. John Walsh, acting director of the Office of… Read More

Consumers Sought Fewer New Home Loans Last Week

Mortgages

Consumers Sought Fewer New Home Loans Last Week

Consumers Sought Fewer New Home Loans Last Week

The total home loan market saw applications decline 5.9 percent in the week ending June 17, as far fewer Americans attempted to obtain refinances for their existing loans, according to the latest weekly statistics from the Mortgage Bankers Association. This was caused largely by a 7.2 percent decline in the number of refinance applications filed,… Read More

Foreign Credit Card Transaction Fees May Be Rising

Credit Cards

Foreign Credit Card Transaction Fees May Be Rising

Foreign Credit Card Transaction Fees May Be Rising

Foreign transaction fees – charged by lenders for converting U.S. dollars into another currency – are still applied to many American credit card accounts and can add up quickly for consumers, according to a report from the International Business Times. A recent study by Pew Trust found that more than 90 percent of credit cards… Read More

The Hard Truth About Living With Student Loan Debt

Students

The Hard Truth About Living With Student Loan Debt

The Hard Truth About Living With Student Loan Debt

Student loans are “good” debt, right? Not necessarily. Students and their parents who are contemplating big loans for college need to think seriously what life will be like after the diploma is in hand.

The Credit Line: Extreme Identity Theft, and How to Reduce Your Risk

Identity Theft

The Credit Line: Extreme Identity Theft, and How to Reduce Your Risk

The Credit Line: Extreme Identity Theft, and How to Reduce Your Risk

Tune in to this week’s installment of The Credit Line, hosted by Credit.com’s chairman and co-founder Adam Levin on Los Angeles’ KFWB 980 AM this Saturday, June 25th, at 9 a.m. PST/Noon EST. The show is co-hosted by L.A. radio personality Jeff Levy. When Identity Theft Takes Over Your Life Imagine discovering that someone has… Read More

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