This Week in Credit Card News: New Travel Cards

Personal Finance

This Week in Credit Card News: New Travel Cards

This Week in Credit Card News: New Travel Cards

This past week brought some good news, some bad news and some interesting news. The good news is that credit card delinquency rates are down. Actually, I think that qualifies as fantastic news! The bad news involves skimming at gas pumps and an unintended negative consequence of the Credit CARD Act of 2009. The interesting news is… Read More

New Rules Let Troubled Borrowers Get a Mortgage Sooner

Mortgages

New Rules Let Troubled Borrowers Get a Mortgage Sooner

New Rules Let Troubled Borrowers Get a Mortgage Sooner

Are you one of the millions of consumers who opted to do a short sale on your home during the mortgage crisis?  There may be some good news for you as earlier this month, Fannie Mae announced new mortgage guidelines targeted at troubled mortgage borrowers that potentially reduces the amount of time it takes to… Read More

Big Drop in Mortgage Delinquencies

Mortgages

Big Drop in Mortgage Delinquencies

Big Drop in Mortgage Delinquencies

The rate at which consumers fell behind on their home loans declined considerably in the first quarter of the year, and now stand at levels not seen in years. The delinquency rate on home loans for properties of between one and four units fell to 7.4 percent of all outstanding loans in the first quarter… Read More

Retired and Underwater On My Former Home

Mortgages

Retired and Underwater On My Former Home

Retired and Underwater On My Former Home

Continuing declines in the housing market in some parts of the country have left many homes still “underwater” across America. While these homes may not be physically floating in water, their owners no doubt feel like they are drowning in debt. One reader writes: My first mortgage is paid.  I took out a line of… Read More

Cardholders Charging Less, Making Payments on Time

Credit Cards

Cardholders Charging Less, Making Payments on Time

Cardholders Charging Less, Making Payments on Time

Consumers are now handling their credit card accounts more responsibly after going half a year with more troubling statistics coming out about their spending and repayment habits. Instances of consumer credit card delinquency — defined as accounts that have gone 90 days or more without a payment — declined between the fourth quarter of 2011… Read More

Stay-at-Home Parents Fight Back Against CARD Act Rules

Credit Cards

Stay-at-Home Parents Fight Back Against CARD Act Rules

Stay-at-Home Parents Fight Back Against CARD Act Rules

These days, there are significant consumer protections in place for Americans, but at least one segment of the population might have a little trouble as a result of the increased safeguards against predatory or misleading lending practices. One of the provisions of the Credit Card Accountability, Responsibility and Disclosure Act required lenders to consider individuals’… Read More

CFPB Still Pushing for Clearer Credit Card Agreements

Credit Cards

CFPB Still Pushing for Clearer Credit Card Agreements

CFPB Still Pushing for Clearer Credit Card Agreements

When it gained full regulatory power over the financial services industry last year, the federal agency tasked with protecting consumers from predatory or misleading lending practices has as its primary goal the creation of simpler lending agreements that were easier to understand. However, in the intervening months, there has been little in the way of… Read More

How I’m Repaying $120,000 in Student Loans

Students

How I’m Repaying $120,000 in Student Loans

How I’m Repaying $120,000 in Student Loans

In less than a month, I will graduate from my MBA program at Georgetown University with more than $120,000 in student loans at 7% interest.  Six months after graduation, my grace period will end, and I will have to start repaying more than $1,000 per month.  Here is my strategy for repayment. Earn Baby, Earn… Read More

Why It’s Important to Teach Kids About Credit

Credit Score

Why It’s Important to Teach Kids About Credit

Why It’s Important to Teach Kids About Credit

Millions of Americans are still struggling financially, but likely do not want to pass the kind of money problems and related stresses they feel onto their kids. One of the best ways to help youngsters avoid these problems in the future is by taking the time to instill good, basic advice about money while they’re… Read More

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