4 Reasons to Avoid Paying Taxes with a Credit Card

Managing Debt

4 Reasons to Avoid Paying Taxes with a Credit Card

4 Reasons to Avoid Paying Taxes with a Credit Card

The IRS suggests that paying your taxes with a credit card is a convenient and safe way to pay Uncle Sam. It might be convenient and safe, but it isn’t cheap. Here are four reasons you shouldn’t pay your taxes with a credit card: #1: Convenience fees are added to your payment You can pay taxes… Read More

Arizonans’ Credit Card Debt Can Be Pursued for up to Six Years

Managing Debt

Arizonans’ Credit Card Debt Can Be Pursued for up to Six Years

Arizonans’ Credit Card Debt Can Be Pursued for up to Six Years

The Arizona state Senate recently passed a law clarifying the statute of limitations for collecting defaulted credit card debt from as being six years, according to a report from the Yuma Sun. Supporters of the bill say the old law was not clear enough in the window it spelled out, as some officials interpreted it… Read More

Your Money Matters: Tune In For Credit Building Tips

Credit Score

Your Money Matters: Tune In For Credit Building Tips

Your Money Matters: Tune In For Credit Building Tips

Earlier this month I joined Your Money Matters! radio host Marc Pearlman to discuss all things credit. In case you missed our hour-long chat, check out the audio page here. He asked me a slew of questions but I have a brief recap of some of our discussion points below. Your Money Matters! is heard… Read More

FHA’s Foreclosure Backlog an All-Time High

Mortgages

FHA’s Foreclosure Backlog an All-Time High

FHA’s Foreclosure Backlog an All-Time High

As fallout from the housing crisis continues, the Federal Housing Administration recently reported a record backlog of nearly 176,000 homes in foreclosure. That’s 27% more than the agency had at the end of 2009, and represents 8.78% of all the mortgages the FHA holds. [Related Story: Regional Banks Still Stuck with Foreclosures] The growing number… Read More

Financial News Roundup: Healthcare Reform Sparks Confusion, Mortgage Scams Arise

Personal Finance

Financial News Roundup: Healthcare Reform Sparks Confusion, Mortgage Scams Arise

Financial News Roundup: Healthcare Reform Sparks Confusion, Mortgage Scams Arise

Today’s top news headlines feature words of caution to prospective homebuyers who engage in bidding wars and a new study that highlights Americans’ lack of understanding over the new healthcare laws. Plus, find out how scammers are taking advantage of troubled homeowners. Homebuyers Discouraged From Bidding Wars The New York Times A recent study suggests… Read More

Credit Card Q&A: What’s the Best Credit Card for a Balance Transfer?

Credit Cards

Credit Card Q&A: What’s the Best Credit Card for a Balance Transfer?

Credit Card Q&A: What’s the Best Credit Card for a Balance Transfer?

Credit question: What’s the best credit card for a balance transfer? Answer: The answer to this question depends a great deal on your credit score. If you have excellent credit—at least a 750 FICO score—you have options for credit cards with better balance transfer terms. The Citi® Platinum Select® MasterCard® offers a zero percent introductory… Read More

Finally, Bank Villains Are Named

Mortgages

Finally, Bank Villains Are Named

Finally, Bank Villains Are Named

Ever since the great financial collapse of 2007, many Americans have wondered why no bank leaders have gone to prison or faced other serious penalties for their role in destroying the economy. The wait finally may have ended. The Federal Deposit Insurance Corporation unveiled a lawsuit this week against the former CEO of Washington Mutual… Read More

Credit Card Charge Off Rate Rose in February

Credit Cards

Credit Card Charge Off Rate Rose in February

Credit Card Charge Off Rate Rose in February

The industry-wide rate of charge offs – accounts 90 days or more behind and deemed irretrievable by lenders – rose overall for all major U.S. credit card issuers in February, according to the latest monthly statistics from Moody’s Investors Service. However, the increase, to 7.56 percent from the 7.45 percent observed in January, was not… Read More

Multiple Fronts in Mortgage Industry War

Mortgages

Multiple Fronts in Mortgage Industry War

Multiple Fronts in Mortgage Industry War

If you have a mortgage, or if you ever plan on buying a home, big changes are afoot that could change how much you pay, and in the repercussions for falling behind on your payments. At the state level, a coalition of attorneys general and other state banking regulators has issued the mortgage servicing industry… Read More

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