Miss Wisconsin Charged with ID Theft, Loses Crown

Identity Theft

Miss Wisconsin Charged with ID Theft, Loses Crown

Miss Wisconsin Charged with ID Theft, Loses Crown

Miss Wisconsin USA has forfeited her crown and resigned from the Miss USA beauty pageant after admitting to charges of identity theft, the Milwaukee Journal Sentinel reports. Shaletta Porterfield, 26, was named Miss Wisconsin USA last year, and would have competed in the national contest in Las Vegas on June 19. The allegations arise from… Read More

Most Major U.S. Lenders See Delinquencies and Charge Offs Drop

Personal Finance

Most Major U.S. Lenders See Delinquencies and Charge Offs Drop

Most Major U.S. Lenders See Delinquencies and Charge Offs Drop

Fewer consumers were behind on their credit card bill payments in April, as those who were 30 days behind dropped across the board, and all but one major lender saw fewer charge offs, according to a report from Reuters. Instances of accounts being stricken from lender records as being uncollectable increased only for Bank of… Read More

You’ve Got Mail: How to Take Advantage of New Credit Card Offers

Credit Cards

You’ve Got Mail: How to Take Advantage of New Credit Card Offers

You’ve Got Mail: How to Take Advantage of New Credit Card Offers

Recently, I was a guest on WOOD Radio in Michigan talking about credit card offers that feature bonuses and perks. A whopping 58 percent of credit card offers consumers receive in the mail feature a sign-up bonus or a gift of some sort. Credit card issuers are loosening up the purse strings a little, but as always, the… Read More

Obama Proposes New Rule for Data Breaches

Identity Theft

Obama Proposes New Rule for Data Breaches

Obama Proposes New Rule for Data Breaches

The Obama administration proposed a new federal law that would require companies to notify consumers and the federal government about data breaches that could expose people to identity theft. In most cases, companies would have to notify consumers that their personally identifiable information has been compromised within two months of the breach. “The Administration proposal… Read More

Mortgage Debt Continues to Tumble on Various Factors

Mortgages

Mortgage Debt Continues to Tumble on Various Factors

Mortgage Debt Continues to Tumble on Various Factors

New statistics from the U.S. Bureau of Economic Analysis shows that consumers’ mortgage debt has tumbled nearly $100 billion over the last year, according to a report from USA Today. This amount is about equal with a year’s worth of nationwide unemployment benefits, or the cost of the new Social Security payroll tax cut. [Resource:… Read More

U.S. Maxes Out Its Credit

Personal Finance

U.S. Maxes Out Its Credit

U.S. Maxes Out Its Credit

The United States has reached its self-imposed debt ceiling of $14.29 trillion, Treasury Secretary Timothy Geithner told Congress on Monday. The federal government will have to dip into retirement funds for federal employees just to stay open, Geithner said. The announcement immediately heightened political tensions in Washington. The Obama administration is urging Congress to increase… Read More

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