At $1 trillion dollars, student loan debt has eclipsed credit card debt for the first time in American history. To make matters worse, come July 1 the interest rate on federally subsidized Stafford student loans will automatically double, from 3.4% to 6.8%, unless Congressional action is taken to extend the lower rate before then. Depending… Read More
These days, you’re probably well aware of how large a role your credit score plays in determining your financial standing, and therefore how important it is to maintain the best rating you possibly can.
These days, a large number of consumers are once again beginning to feel better about their finances and as a result, are looking for new credit cards.
Rebuilding your credit can be difficult, but not impossible. The key is to avoid credit cards that are just fee-filled products targeted at those who have a troubled credit history. What you need is a strong product from a reputable lender with a reasonable fee structure. Capital One offers its Secured MasterCard for people who… Read More
While credit standards are certainly expanding these days so that those who have experienced a bit of financial difficulty in the past can once again gain access to these lines of credit, some consumers may still have problems doing so. [Free Resource: Check your credit for free before applying for a credit card] Consumers with bad credit may face a number of issues when applying… Read More
The mortgage industry is buzzing about HARP 2, the revamped federal Home Affordable Refinance Program. Some are predicting it will trigger the biggest refi boom of the decade. But will it really help homeowners whose loans are deeply underwater refinance into low-rate loans? Or is this more hype about a program that will help far… Read More
In the past few years, a number of studies have found that debt incurred by consumers stemming from medical treatment has been quite problematic. Medical debt is forcing many consumers into bankruptcy, and often, even those who aren’t forced to go that far can often fall very far behind on their bills because of the… Read More
When you’re running a business, you need all the help you can get. With the CitiBusiness World Card, you get rewards for your everyday business expenses. You also get some pretty cool management tools. You can track expenses online, create quarterly and annual account summaries, and get access to your own “Personal Business Assistant.” You’ll… Read More
While many consumers rely on their credit cards almost daily to increase their spending flexibility, these accounts often come with a number of other benefits consumers may not know about or don’t do enough to tap.
If you’re in the market for a major loan of some kind – such as a mortgage or auto loan – you will likely find out that these lines of credit can be quite expensive on a monthly basis. But did you know that your credit score has a significant impact on the amount you’ll… Read More