Consumer Watchdog Agency Faces Lawsuit From Small Bank

Personal Finance

Consumer Watchdog Agency Faces Lawsuit From Small Bank

Consumer Watchdog Agency Faces Lawsuit From Small Bank

The federal agency tasked with helping to protect consumers from misleading, costly and troublesome lending practices on the part of large banks now faces a suit from a smaller institution and two advocacy groups over the broad regulatory power it yields. The State National Bank of Big Springs, Texas, along with the Competitive Enterprise Institute… Read More

Warning: Medical Debts CAN Hurt Your Credit

Credit Score

Warning: Medical Debts CAN Hurt Your Credit

Warning: Medical Debts CAN Hurt Your Credit

If you think unpaid medical bills and hospital debts can’t hurt your credit score, you’re certainly not alone. As a Credit.com reader using the screen name “Don Murray” recently wrote to us, he’s been “told by many sources that medical/hospital collections don’t affect one’s credit score,
 however I can’t find anything definitive online.” It certainly… Read More

New Microsoft Smartphone Breaks Mobile Wallet Ground

Credit Cards

New Microsoft Smartphone Breaks Mobile Wallet Ground

New Microsoft Smartphone Breaks Mobile Wallet Ground

In recent months, there has been considerable discussion about the coming next-generation smartphones that would likely give consumers the ability to use their devices as mobile wallets, and now a new entry to the market does just that. Microsoft recently revealed that its new Windows Phone 8 will be among the first in the U.S…. Read More

Discover Gets Into Mortgage Biz

Mortgages

Discover Gets Into Mortgage Biz

Discover Gets Into Mortgage Biz

Ladies and gentlemen, Discover has entered the mortgage business. The financial services company is now offering variable- and fixed-rate conventional and FHA loans to both new homeowners and those looking to refinance. A spokesman for the company says the “product is a key addition to Discover’s expansion as a direct bank.” Discover added private student… Read More

Can You Have Too Much Credit?

Credit 101

Can You Have Too Much Credit?

Can You Have Too Much Credit?

“Too much of a good thing can be wonderful,” said film star Mae West. But what about too much credit? Is having a lot of credit a wonderful thing as well? When most people think about having too much credit, they are thinking of one of three things: Too much debt Too many accounts Too… Read More

3 Ways to Help Your Credit Score

Credit Score

3 Ways to Help Your Credit Score

3 Ways to Help Your Credit Score

Helping a shoddy credit report requires time, but there are few steps you can take to expedite the process. Here’s what to do if you’re hoping to give your credit score relatively quickly. Pay Down Credit Card Debt One of the only surefire ways to give your credit score a quick boost is to pay… Read More

Military Families Get Boost From New Homeowner Rules

Mortgages

Military Families Get Boost From New Homeowner Rules

Military Families Get Boost From New Homeowner Rules

The Consumer Financial Protection Bureau, and a number of other governmental regulators, recently revealed a number of new protections for active duty servicemembers who receive permanent change of station orders, the agency announced. The changes were intended to give military members and their families greater peace of mind as they scramble to make sure they… Read More

How to Give a Short Sale Your Best Shot

Mortgages

How to Give a Short Sale Your Best Shot

How to Give a Short Sale Your Best Shot

Are you one of the millions of underwater homeowners hoping to get your mortgage lender to let you sell your home for less than you owe so you can move on? Real estate attorney Jo Ann Koontz, CPA is helping clients do just that in Florida, one of the states hit hard by the real… Read More

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