Today’s top news headlines feature reasons Americans are hoarding and hiding their cash reserves as well as new security measures parents should take when their underage children join Facebook. Plus, find out how job fairs are handling thousands of job applicants. Parents Should Monitor Children’s Facebook Activity Consumer Reports Recent data reveals roughly 7.5 million… Read More
It’s beginning to look as though consumer advocate and political lightning rod Elizabeth Warren might make a serious run for Senate. Warren, who recently stepped down as interim leader of the nation’s new consumer protection bureau, is meeting with political insiders and Democratic party activists in her home state of Massachusetts. In a post written… Read More
You recently applied for a credit card that you really want. And now, in your hands, is a letter from the credit card issuer.
There are four simple steps you can take to improve your chance of success when you apply for your next card.
The struggling economy has made millions of Americans more aware of their credit scores, and many are now taking the chance to learn more about their three-digit number. You may already know the credit score basics. Your credit score will generally range from 300 to 850, and the higher the score, the better. Your rating… Read More
Since 2007, all of the 30 largest metropolitan statistical areas in the country have shown improvements in the rate of 60-day credit card delinquencies, but the cities of Cleveland, San Antonio, Cincinnati, Dallas and Houston took the largest strides, according to a new report from the credit monitoring bureau Experian. The former three cities all… Read More
In an unusually blunt letter, Senator Orrin Hatch (R-UT) warned that the United States could face more debt crises and credit-rating downgrades in the future. And unlike many of his fellow Republicans in the Senate, who argued that America defaulting on its debt would have little real-world effect, Hatch believes that another crisis could have… Read More
The government-controlled mortgage backing giant Freddie Mac recently announced that interest rates for both 30- and 15-year fixed mortgages continued to fall in the wake of the U.S. credit downgrade, according to a report from USA Today. Currently, 30-year loans carry average rates of 4.32 percent, down from 4.39 percent the previous week but still… Read More
The new system from T-Mobile that allows consumers to purchase digital goods online and have the cost applied to their phone bill at the end of the month may pose some problems for consumers because there is very little in the way of fraud protection with the payment method, according to a report from Consumers… Read More
Tune in to this week’s installment of The Credit Line, hosted by Credit.com’s chairman and co-founder Adam Levin on Los Angeles’ KFWB 980 AM this Saturday, August 13, at 9 a.m. PST/Noon EST. The show is co-hosted by L.A. radio personality Jeff Levy. The Deal with the U.S. Debt Downgrade J.J. Bianco, law professor, former… Read More