WikiLeaks: This is (Really Strange) War!

Identity Theft

WikiLeaks: This is (Really Strange) War!

WikiLeaks: This is (Really Strange) War!

It may be the strangest war ever.  Supporters of the WikiLeaks website describe themselves as being at war against the world’s largest governments and financial institutions to combat secrecy and preserve absolute information freedom on the Internet. If this is war, it is asymmetric to say the least. The number of computer hackers and cyber… Read More

More Consumers Turn to Electronic Payments for Purchases

Personal Finance

More Consumers Turn to Electronic Payments for Purchases

More Consumers Turn to Electronic Payments for Purchases

The number of financial transactions made electronically ballooned between 2006 and 2009 and accounted for more than three-quarters of all noncash payments, according to a new study from the Federal Reserve Board. In a previous study, conducted in 2007, this type of transaction accounted for just two-thirds of all purchases not involving cash. “The results… Read More

Decelerating Your December Shopping Sleigh

Personal Finance

Decelerating Your December Shopping Sleigh

Decelerating Your December Shopping Sleigh

In our consumer-centric society, controlling purchasing behaviors is a challenge year-round. During the annual Holiday shopping season, however, myriad emotional spurs converge. Starting immediately after Halloween, we are bombarded by stimuli that marketers leverage to lighten our spirits and loosen our wallets, including Holiday music (classic or Muzak), colorful decorations, lights and other shiny things,… Read More

Bankruptcy Survival Guide

Managing Debt

Bankruptcy Survival Guide

Bankruptcy Survival Guide

So you’ve been through bankruptcy. You’re probably feeling a mixture of emotions; perhaps you are relieved to get a fresh start, but at the same time are frustrated that you have to start over all over again to restore your credit. It will take time to process all the emotions from the setbacks you’ve been… Read More

Credit Card Fraud: Watch Your Credit Card At Restaurants

Identity Theft

Credit Card Fraud: Watch Your Credit Card At Restaurants

Credit Card Fraud: Watch Your Credit Card At Restaurants

Here’s a new credit card fraud gambit that ranks a “10″ on the outrage meter. A U.S. Secret Service investigation has revealed a string of credit card thefts in Washington, D.C. area restaurants. Waiters at local eateries reportedly stole credit card numbers and used the data to ring up luxurious purchase at elite retailers like… Read More

Tired of Credit Card Fees? Negotiate.

Credit Cards

Tired of Credit Card Fees? Negotiate.

Tired of Credit Card Fees? Negotiate.

Credit card companies are keen for your business. So keen, in fact, that they’re willing to spend millions of dollars mailing out two and a half billion pieces of direct mail to American homes in 2010 alone, according to our recent interview with Synovate’s Anuj Shahani. That doesn’t include the millions more they spend on… Read More

Student Loans Top Consumer Debt

Students

Student Loans Top Consumer Debt

Student Loans Top Consumer Debt

Consumers may be using fewer credit cards to finance their lives, but student loan debt continues to rise, according to a new report from The Federal Reserve. Fed data shows that while credit-card lending fell for a 26th consecutive month, non-revolving debt like car loans and student loans rose by more than $9 billion. Much… Read More

Nonrevolving Loans Push Consumer Credit Higher in October

Personal Loans

Nonrevolving Loans Push Consumer Credit Higher in October

Nonrevolving Loans Push Consumer Credit Higher in October

Nationwide consumer credit increased at an annual rate of 1.7 percent thanks to another jump in nonrevolving credit – loans for fixed amounts of money such as auto loans and mortgages – of 6.8 percent, the latest monthly statistics from the Federal Reserve Board said. The total amount consumers owed on these lines of credit… Read More

If Car Loans Are Less Risky Now, Why are Rates Going Up?

Auto Loans

If Car Loans Are Less Risky Now, Why are Rates Going Up?

If Car Loans Are Less Risky Now, Why are Rates Going Up?

The number of consumers buying cars with subprime loans increased dramatically in the third quarter of 2010, according to a new report by the credit bureau Experian, even though lenders are facing lower risks that people will default on their car loans than they did a year ago. The percentage of people getting subprime loans… Read More

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