Do Financial Literacy Classes Work?

Students

Do Financial Literacy Classes Work?

Do Financial Literacy Classes Work?

Many colleges and universities have been implementing financial literacy courses for students following the Great Recession, in which Americans’ money knowledge (or lack thereof) was put under the spotlight. A recent survey sponsored by Visa found that Americans rank behind Brazilians, Mexicans and Australians in financial literacy, according to an article by Investopedia. So, are… Read More

Most Young Adults Don’t Know Their Credit Score

Students

Most Young Adults Don’t Know Their Credit Score

Most Young Adults Don’t Know Their Credit Score

These days, many consumers know the importance of maintaining a strong credit score by having healthy borrowing habits. However, almost half of adults are unaware of some of the basics that go into making up that rating, or what that score is. In all, 47 percent of adults said they do not know what their… Read More

Subprime Credit Isn’t Stopping Lenders

Personal Finance

Subprime Credit Isn’t Stopping Lenders

Subprime Credit Isn’t Stopping Lenders

In the past several months, many Americans who have had significant problems with their credit cards and other loans in the past have been receiving a greater number of offers for new accounts. The extension of new lines of credit to consumers with subprime credit scores has been increasing significantly in the past year or… Read More

Credit.com in the News 6/29/12

Personal Finance

Credit.com in the News 6/29/12

Credit.com in the News 6/29/12

This week the experts from Credit.com contributed to a wide range of publications on subjects including travel, identity theft, credit scores and credit cards. Check out the hits… Credit.com Co-Founder and Chairman Adam Levin shares tips on how to keep your finances safe when traveling. He proposes a multi-step approach of having several forms of… Read More

Newest Prepaid Card Celebrity Sponsor? Magic Johnson

Credit Cards

Newest Prepaid Card Celebrity Sponsor? Magic Johnson

Newest Prepaid Card Celebrity Sponsor? Magic Johnson

Magic Johnson became the latest celebrity to enter the prepaid debit card market, after unveiling the aptly-named MAGIC MasterCard on Tuesday. The former basketball star said in a press release he launched the card, in partnership with OneWest Bank, to help customers without traditional bank accounts “function in today’s society.” While the card contains a fairly competitive fee… Read More

This Week in Credit News: Congress & Courts Edition

Personal Finance

This Week in Credit News: Congress & Courts Edition

This Week in Credit News: Congress & Courts Edition

Our nation’s capitol was where all the action was happening this week. With the month coming to a close, deadlines were approaching for Congress to act on student loan interest rates and for the Supreme Court to rule on health care legislation. It’s been a monumental week for students and Americans as a whole. Senate… Read More

Lawmakers Agree to Tentative Student Loan Rate Extension

Students

Lawmakers Agree to Tentative Student Loan Rate Extension

Lawmakers Agree to Tentative Student Loan Rate Extension

After much consternation and debate, and just days before the deadline, federal lawmakers have struck a tentative agreement to extend the current interest rates on subsidized government student loans for the next year. Federal student loan interest rates were set to double to 6.8 percent on July 1, but federal lawmakers struck an agreement to… Read More

Supreme Court Upholds Controversial ‘Obamacare’ Law

Personal Finance

Supreme Court Upholds Controversial ‘Obamacare’ Law

Supreme Court Upholds Controversial ‘Obamacare’ Law

The highest court in the land announced earlier today that it would uphold most of the healthcare overhaul pushed by President Barack Obama and approved by the U.S. Congress in 2010. Nearly all of the “Obamacare” law will be allowed to stand thanks to a Supreme Court ruling that went 5-4 in favor of the… Read More

Will Bank Credit Downgrades Affect Me?

Personal Finance

Will Bank Credit Downgrades Affect Me?

Will Bank Credit Downgrades Affect Me?

The interest rates and fees consumers are accustomed to paying for banking accounts, credit cards and other lines of credit may soon start to increase as a result of a recent downgrade in the credit ratings for a number of major institutions. Moody’s Investors Service downgraded the credit ratings for major U.S. financial institutions like… Read More

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