Today's top news headlines feature reasons many individuals are turning their backs on the credit system and new data that shows the cost of rent in some cities may surpass purchase prices. Plus, find out why long-term joblessness is impacting the health of some Americans. Renting May Be More Expensive Than Buying In Some Cities,… Read More
In the past week, the stock market has had more than a few ups and downs. The Fed’s announcement last week that it would keep the federal funds rate near zero for two more years was an attempt to calm fears in the short term. Long term, though, I still think interest rates will climb… Read More
If you haven’t already finished your back to school shopping, check out these tips for saving money – and share your own!
Following a ruling by a Superior Court judge, Bank of America, Citigroup, JPMorgan Chase and Wells Fargo will be allowed to begin processing foreclosures in the state of New Jersey, according to a report from the Newark Star-Ledger. The decision came after all four major lenders submitted paperwork to the state, outlining the ways in… Read More
Wall Street traders may still be jittery about the state of the economy, but American consumers appear to be doing everything they can to help the nation’s finances return to stable footing. New delinquencies on credit cards and mortgages continued to drop over the last four months, suggesting that many consumers have succeeded in taking… Read More
Holly and Ben from Ohio are about to reach a major milestone in their life—their son is headed off to college. Fortunately, they have been setting aside money for many years in an education fund, so tuition (for this year, at least!) is covered. Given his university is about four hours from their home, they… Read More
Today’s top news headlines feature a spike in security vault and safe sales as consumers grow more anxious over economic turmoil and reasons taxpayers may have to shoulder the burden of shrinking pension funds. Plus, find out how low consumer sentiment fell last month. Vendors See Safe and Vault Sales Spike CNN Money Market turmoil,… Read More
This is our weekly installment of The Debt Diet Challenge, in which we follow the progress of participants selected to take Jean Chatzky’s Debt Diet as they work to get themselves out of debt and on track to a better financial future. Every week, the participants blog about their experiences with the program. Here are… Read More
Ponzi schemers and white-collar criminals beware: The government now has $450 million to give to whistleblowers who rat you out. The Securities and Exchange Commission opened its new whistleblower office last week, offering cash rewards to employees who reveal corporate crimes. For years, critics have accused the SEC of ignoring tips regarding scammers, including Bernard… Read More
One of the biggest misconceptions about collection accounts is that paying them will somehow improve your credit scores. Find out what pay for removal deals are all about.