Though many young Americans may see their 20s as a time to gain some amount of financial independence, a large number are also struggling under the weight of significant debts on several lines of credit. The average American 20-something carries debt totaling $45,000, and that amount increases for millenials as they move toward their 30s,… Read More
Companies that both develop and use the new type of credit card payment processing platform that allows businesses to accept purchases using mobile devices are leaning more heavily on the operating system popularized by Apple. As the mobile credit card processing industry continues to grow quickly, more companies are jumping into the development of their… Read More
Can exercising – even just once a week – help you get out of debt? How about making your bed every morning? The connection between these very different habits may not be as far-fetched as it sounds. In his new book, The Power of Habit, New York Times writer Charles Duhigg sheds light on how… Read More
Today, as unemployment remains elevated over pre-recession levels, a large number of consumers are heading back to or remaining in college to bolster their educational qualifications and delay their entry into the workforce, according to a report from the credit monitoring bureau Equifax. This option has become particularly popular with people who have strong credit… Read More
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