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
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
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
You aren’t likely to pay much attention to forced arbitration clauses until you get trapped by one, and by then it’s too late. These clauses, found in many consumer contracts, take disputes out of the courts, and require settlement through an arbitrator. The arbitration process is supposed to be cheaper, faster, and more fair than… Read More
Today’s top news headlines feature the results of a new poll that shows college students think their education is worth the cost and another state’s plans to cut jobless benefits. Plus, find out why Facebook has become a new investigative tool during divorce proceedings. College Graduates Say Education Is Worth The Price Reuters A new… Read More
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
How does one go about reporting your on-time payments with the utility company to the credit bureau to establish your credit history?
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
What’s your time worth? Would you outsource a simple, three-minute task for $375?
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