Consumers, Lenders Still Cautious About Credit

Personal Finance

Consumers, Lenders Still Cautious About Credit

Consumers, Lenders Still Cautious About Credit

The recent downturn is over and the economy has been improving for more than a year. However, while consumers are generally borrowing more, they’re being more cautious in how they deal with credit, and banks remain hesitant to begin issuing some types of credit again. Slowly but surely, consumers have been returning to borrowing from… Read More

The Week in Credit Card News: Stolen Cards Site Shut Down & More

Credit Cards

The Week in Credit Card News: Stolen Cards Site Shut Down & More

The Week in Credit Card News: Stolen Cards Site Shut Down & More

No matter how much you think you know about credit cards, there’s always more to learn. The credit card industry is constantly changing. Between hackers, a changing regulatory environment and a steady stream of new credit card features and offers, it pays to be informed.  Here’s a selection of the latest credit card news and information… Read More

Lower Spending Could Mean Less Profit for Payment Processors

Credit Cards

Lower Spending Could Mean Less Profit for Payment Processors

Lower Spending Could Mean Less Profit for Payment Processors

The amount of money being spent by consumers on their credit cards has remained relatively low since the end of the recession, even as the economy has continued to make significant improvements, which could cause a sea change for banks and payment processors. Experts say that Visa and MasterCard could see first quarter profits slip… Read More

Why You Need to Check Your Bills Closely – Every Time

Identity Theft

Why You Need to Check Your Bills Closely – Every Time

Why You Need to Check Your Bills Closely – Every Time

Many consumers may receive their credit card bills every month and simply write a check for whatever amount they can afford to pay, without even glancing at the summary of all their monthly purchases. But this is a bad idea, and a report from TIME Magazine highlights why: Consumers who take the time to carefully… Read More

Can You Access Credit Accounts After Your Spouse Dies?

Credit Score

Can You Access Credit Accounts After Your Spouse Dies?

Can You Access Credit Accounts After Your Spouse Dies?

Credit Card Question: I have a few credit cards in my own name but I’m also an authorized user on my husband’s credit cards. My husband is very ill. If something happened to him, will I still have access to his credit cards? –Nancy Answer: Hi Nancy, I’m sure it was difficult to ask this… Read More

Is a Debt-Free College Education Possible?

Students

Is a Debt-Free College Education Possible?

Is a Debt-Free College Education Possible?

Congresswoman Virginia Foxx’s recent comments about how she has “little tolerance for people who tell me that they graduate with $200,000 of debt or even $80,000 of debt because there’s no reason for that” added fuel to an already raging fire over the affordability of a higher education, and what—if anything—the government should be doing… Read More

Always Take Time to Read the Fine Print

Personal Finance

Always Take Time to Read the Fine Print

Always Take Time to Read the Fine Print

In recent months, Americans have received a number of protections from the federal agency tasked with helping to protect consumers from predatory and misleading lending practices, but some experts say that it’s also important for borrowers to do their part to protect themselves. The CARD Act has instituted a number of strong policies that called… Read More

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