Trapped in Payday Loan Debt? How to Escape

Managing Debt

Trapped in Payday Loan Debt? How to Escape

Trapped in Payday Loan Debt? How to Escape

“Is it possible to get ahead of the payday loans and get credit back in good standing?” That question was posed to us in a recent CreditExperts Twitter chat we hosted. If you’ve ever been stuck in the cycle of payday lending you may be wondering the same thing. The answer depends in large part... Read More

Survey: Teens Need More Financial Education

Students

Survey: Teens Need More Financial Education

Survey: Teens Need More Financial Education

While only four states mandate financial education courses for high school students, 83 percent of student respondents to an EverFi survey said they would like such classes in their curricula. Half of the teenagers also said they do not know how to establish a good credit rating, according to the education technology company, which conducted... Read More

Does Your Credit Need to Go on a Diet?

Credit 101

Does Your Credit Need to Go on a Diet?

Does Your Credit Need to Go on a Diet?

Our credit might feel bloated and overweight after a holiday season, vacation or just from putting many recently needed items on your charge cards. And when we get that credit card statement in the mail, it feels the same as adjusting your belt buckle — not good! So if you’re focusing on slimming down this... Read More

Only 1 in 4 Moms Happy With Their Money Situation

Personal Finance

Only 1 in 4 Moms Happy With Their Money Situation

Only 1 in 4 Moms Happy With Their Money Situation

The economic issues that became prevalent during the recession seem to still be relatively common throughout the U.S. A prime example of this is a report that shows the number of working mothers nationwide is considerable now compared to years past. According to a study by MassMutual, roughly 80 percent of mothers nationally are juggling... Read More

Mortgages: When a Good Interest Rate Doesn’t Matter

Mortgages

Mortgages: When a Good Interest Rate Doesn’t Matter

Mortgages: When a Good Interest Rate Doesn’t Matter

Consumers shopping for a mortgage tend to be focused on one underlying goal: The lowest possible interest rate. Many have already noticed that rates have crept up in recent weeks as a result of the more exuberant stock market. The consensus is that more consumers who were observing the market movement are seeing rates rise... Read More

Can a Credit Report Error Be Too Old to Fix?

Managing Debt

Can a Credit Report Error Be Too Old to Fix?

Can a Credit Report Error Be Too Old to Fix?

A Credit.com reader recently wrote in with questions about errors on her credit report, and what to do when a creditor says they’ll remove them — and then they don’t. The history:  I spoke to a creditor about two years ago (Oct 2010) when I was late with a payment because I had trouble making... Read More

The Ultimate Guide to Credit Scores

Credit Score

The Ultimate Guide to Credit Scores

The Ultimate Guide to Credit Scores

The questions from readers keep pouring in and they almost all boil down to the same thing: “How do I improve my credit scores?” or “What effect will this action (short sale, credit counseling, etc.) have on my credit scores?” They can both be tough questions to answer. After all, credit scores are calculated using... Read More

What Exactly Is a Divorce Loan?

Personal Loans

What Exactly Is a Divorce Loan?

What Exactly Is a Divorce Loan?

By Stephanie Taylor Christensen Money is cited as the number two reason that couples divorce. Ironically, it can become an even bigger issue once the marriage ends, and divorce proceedings begin. Larry Rich, Divorce Magazine contributor and senior partner at Rich Rotsteinestimates average hourly rates for “intermediate level” lawyers and accountants, at $275 and $250, respectively. Even... Read More

Fight to Halt the College Loan Rate Jump Heats Up

Students

Fight to Halt the College Loan Rate Jump Heats Up

Fight to Halt the College Loan Rate Jump Heats Up

Students nationwide, along with some federal lawmakers, are working hard to ensure that school loan interest rates don’t double this summer — something which may hamper many college-aged consumers in the short and long run. July 1 is the date on which some government student loan types — new subsidized Stafford loans — will see... Read More

Why the Sandwich Generation Doesn’t Have It Easy

Personal Finance

Why the Sandwich Generation Doesn’t Have It Easy

Why the Sandwich Generation Doesn’t Have It Easy

These days it seems that all anyone can talk about is student loan debt. Defaults are on the rise and we’re dangerously close to a bubble burst the size of the mortgage crisis just a few years ago. But with the attention student loan debt gets in the media, there is a group of people... Read More

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