Is Your Debt Outpacing Your 401K?

Personal Finance

Is Your Debt Outpacing Your 401K?

Is Your Debt Outpacing Your 401K?

Americans are piling up debt faster than they are stashing money away for retirement, according to an analysis of consumer data  by HelloWallet. This means many pre-retirees — workers ages 50 to 65 — are not financially prepared to live without paychecks. The typical defined contribution plan — usually a 401(k) — has a balance... Read More

Credit.com in the News 10.26.13

Personal Finance

Credit.com in the News 10.26.13

Credit.com in the News 10.26.13

Personal finance is an everyday responsibility, but just like anything, practices and priorities change over time. Whether it’s explaining fundamentals or responding to current events, the experts at Credit.com work diligently to provide consumers with the most timely, educational personal finance information. This week, Credit.com Director of Consumer Education Gerri Detweiler commented for a story... Read More

How to Spot Apartment Rental Scams

Identity Theft

How to Spot Apartment Rental Scams

How to Spot Apartment Rental Scams

Rental scams have exploded in recent years, typically preying on vacationers looking for a week or two of R&R — only to get a “ruse” and “ripoff” in paying upfront for unavailable properties that don’t exist, are actually for sale (not rent), or are currently occupied. But there’s a more sinister — and troublesome —... Read More

5 Seemingly Harmless Things That Can Hurt Your Credit

Credit Score

5 Seemingly Harmless Things That Can Hurt Your Credit

5 Seemingly Harmless Things That Can Hurt Your Credit

“Mom,” my daughter said as she stood by my desk recently waiting for one of her homework assignments to print from my computer, “Did you pay this bill? It was due Oct. 4.” She asked me this on Oct. 14. And no, I hadn’t paid it. The bill she was talking about was a “toll... Read More

Help! I Can’t Get Someone Else’s Mistakes Off My Credit Report

Credit 101

Help! I Can’t Get Someone Else’s Mistakes Off My Credit Report

Help! I Can’t Get Someone Else’s Mistakes Off My Credit Report

We recently received this reader question: “I have several negative items on my credit report, including two charge-offs and a collection that I know are not mine and the creditors refuse to remove them. The name that was used isn’t my last name and the address listed is in another state that I have never lived... Read More

Over 50 and Oversharing: How Boomers Use Technology

Identity Theft

Over 50 and Oversharing: How Boomers Use Technology

Over 50 and Oversharing: How Boomers Use Technology

Grandma and Grandpa are sexting? Yup, says a new survey of 50- to 75-year-olds conducted by security firm McAfee. The research suggests older social media and smartphone users are also oversharing at an alarming rate, putting them at greater risk for identity theft. More than half of older Net users have shared their email address... Read More

Nearly Half of Americans Expect Another Housing Bubble

Mortgages

Nearly Half of Americans Expect Another Housing Bubble

Nearly Half of Americans Expect Another Housing Bubble

Fewer Americans believe homeownership is attainable for middle-income consumers, according to the latest Country Financial Security Index. Perhaps Americans have adopted a more pessimistic outlook lately, or maybe the economic events of the past several years have caused us to expect the worst. Whatever the reason, nearly half (48%) of adults surveyed said they think... Read More

Will Home Prices Keep Dropping?

Mortgages

Will Home Prices Keep Dropping?

Will Home Prices Keep Dropping?

Home sales and prices have been on a seven-week slide, most of which can be attributed to seasonal market changes. But the economic uncertainty that came with recent government shutdown and debt-ceiling debate contributed to the sharp decline in sales volume and, with the winter months approaching, home prices and sales volume are not likely... Read More

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