The New American Dream: It’s Not What You Think

Personal Finance

The New American Dream: It’s Not What You Think

The New American Dream: It’s Not What You Think

A great number of Americans are redefining the American Dream. That was the takeaway from a recent Credit.com poll, which showed that nearly one in four people between the ages of 18 and 24 defined the American Dream as being debt-free. Shockingly, that’s more than those who dream of owning a home. The poll underscores... Read More

CFPB Focuses on Ensuring Credit Report Errors Get Fixed

Credit Score

CFPB Focuses on Ensuring Credit Report Errors Get Fixed

CFPB Focuses on Ensuring Credit Report Errors Get Fixed

The Consumer Financial Protection Bureau issued a bulletin to companies that supply information to credit reporting agencies, stressing their legal obligation to investigate consumer disputes of credit reports. Furnishers, as these companies are known, are required by law to review supporting documents submitted by the credit bureaus and consumers when a complaint has been filed.... Read More

Does Debt Define the New American Dream?

Personal Finance

Does Debt Define the New American Dream?

Does Debt Define the New American Dream?

There is great disparity in how people define the American Dream according to a new Credit.com survey, and not surprisingly, getting out of debt represents the ultimate financial goal for many people. The survey, conducted by GFK Custom Research for Credit.com, found that most respondents (27.9%) said the American Dream is retiring financially secure at... Read More

How Financial Stress Can Fry Your Brain

Managing Debt

How Financial Stress Can Fry Your Brain

How Financial Stress Can Fry Your Brain

The worry over making ends meet can be as draining as a leaky faucet — the constant drip, drip, drip of stress lingers behind every decision, annoying you. Distracting you. A study published this month in Science magazine analyzed the impact of financial stress on one’s cognitive performance, and the results showed that those in... Read More

5 Credit Mistakes Older Americans Make

Credit Score

5 Credit Mistakes Older Americans Make

5 Credit Mistakes Older Americans Make

Seniors are getting squeezed in so many ways. Healthcare and other basic expenses are rising. Fewer have pensions to supplement their Social Security income in retirement. Low interest rates mean what savings they do have isn’t growing quickly — unless they are willing to invest in higher-risk financial products. And then there’s the other side... Read More

40% of All Home Sales Are Now Cash Deals

Mortgages

40% of All Home Sales Are Now Cash Deals

40% of All Home Sales Are Now Cash Deals

Home sales were up in July, and a large chunk of them were cash purchases, according to RealtyTrac’s July 2013 U.S. Residential & Foreclosure Sales Report. Sales volume increased 11% from July 2012 to 5.5 million, a 4% increase from June. All-cash purchases, in which no loan is recorded at the time of sale, accounted... Read More

5 Creative Ways to Come Up With a Down Payment

Mortgages

5 Creative Ways to Come Up With a Down Payment

5 Creative Ways to Come Up With a Down Payment

To successfully purchase a home today, you will need a down payment of at least 3.5% of the purchase price. Gone are the days of no down payment alternatives, down payment assistance and seller-offered programs to come up with the money needed to buy a home. Instead, let’s look at the five ways you can... Read More

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