Are Americans Getting Smarter About Their Credit?

Credit Score

Are Americans Getting Smarter About Their Credit?

Are Americans Getting Smarter About Their Credit?

If it seems like everyone’s talking about credit scores these days, it’s probably not your imagination. Consumers appear to be getting smarter about credit scores. At least that’s what the results of a survey of 1000 consumers by the Consumer Federation of America (CFA) and VantageScore Solutions show. Compared to a year ago, a larger percentage… Read More

Millions Underwater in Debt – What Went Wrong

Managing Debt

Millions Underwater in Debt – What Went Wrong

Millions Underwater in Debt – What Went Wrong

These days, many people are getting their finances in order as the economy continues to improve and the effects of the recession fade, but millions of families got themselves into trouble so deep that they’re still struggling significantly under the weight of massive debts. Millions of families are considered “underwater” with their mortgages because they… Read More

Kids With Credit Reports a Growing Problem

Credit Score

Kids With Credit Reports a Growing Problem

Kids With Credit Reports a Growing Problem

Children are not supposed to have a credit report in their name, but new studies have found that the number of those who do is growing considerably, which can pose major problems for affected kids. People under the age of 18 who have a credit report in their name are almost certainly the victims of… Read More

Can You Be “Sort of” An ID Theft Victim?

Identity Theft

Can You Be “Sort of” An ID Theft Victim?

Can You Be “Sort of” An ID Theft Victim?

What can you do if someone is not exactly using your information to commit identity theft, but has hijacked some of your personal information? Is there such a thing as “sort-of identity theft”—or is that like being “half pregnant?” A reader wrote us with that dilemma: What if someone is intentionally using your phone number… Read More

Borrowers’ Rights Get Boost From FTC

Personal Finance

Borrowers’ Rights Get Boost From FTC

Borrowers’ Rights Get Boost From FTC

The Federal Trade Commission (FTC) affirmed a consumer right on Thursday that has big implications for the loan industry. The FTC was asked to review the “Holder in Due Course” rule, commonly referred to as the Holder Rule, by the National Consumer Law Center (NCLC) and several other consumer rights organizations. The rule, which protects… Read More

What’s Really in Your Credit Report?

Credit 101

What’s Really in Your Credit Report?

What’s Really in Your Credit Report?

You probably have it in your head that your credit report is “good” or “bad.” But with credit reports, beauty is in the eye of the beholder. The credit report itself is just a compilation of facts about your financial habits and it is, in fact, judgment-free. It’s up to lenders, insurance companies or others… Read More

Consumer Agency Begins Work on Mortgage Point Rules

Mortgages

Consumer Agency Begins Work on Mortgage Point Rules

Consumer Agency Begins Work on Mortgage Point Rules

The Consumer Financial Protection Bureau (CFPB) gave consumers and lenders a first look last week at a number of new mortgage regulations it could be proposing officially later this year. Mortgage points are the main target of the new rules, and the CFPB will now talk to consumers and industry representatives in addition to assembling… Read More

Want to Make More Money? Move!

Personal Finance

Want to Make More Money? Move!

Want to Make More Money? Move!

A new report on economic mobility, the ability of those in certain income ranges to either increase or decrease their earnings, shows that moving out of your home state could give you more economic advantages. Increased economic mobility is seen most often in states along the Atlantic Seaboard and New England, and lags significantly in many… Read More

5 Credit Card Rules for College Grads

Students

5 Credit Card Rules for College Grads

5 Credit Card Rules for College Grads

It’s that time of year when tassels are turned and graduation caps are tossed into the air. And ready or not, a new group of young adults venture out into the real world. If you just graduated, you might be looking forward to managing money on your own. Certainly, it’s deliciously liberating. But it can… Read More

The Smart Way to Use a Credit Card for Bad Credit

Credit Cards

The Smart Way to Use a Credit Card for Bad Credit

The Smart Way to Use a Credit Card for Bad Credit

Millions of consumers across the countries saw their credit scores take a dive during the recent recession, but now lenders are stepping up efforts to market specifically to those who have a damaged borrowing history.

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