More Consumers Turning Back to Credit Cards

Credit Cards

More Consumers Turning Back to Credit Cards

More Consumers Turning Back to Credit Cards

In the last year, 20 percent of Americans said they attempted to shop around for a new credit card, according to the latest statistics from the tracking firm comScore. Another 34 percent said they were feeling optimistic about the economy. [Resource: The Best Credit Cards in America: Cash Back and Travel Rewards] “As we see consumer… Read More

Stay-at-Home Parents Struggle to Obtain Lines of Credit

Credit Cards

Stay-at-Home Parents Struggle to Obtain Lines of Credit

Stay-at-Home Parents Struggle to Obtain Lines of Credit

The Credit Card Accountability, Responsibility and Disclosure Act of 2009 specified that lenders must consider a consumer’s individual income when they apply for a new line of credit, which has left many stay-at-home parents without the ability to get an account in their own name, according to a report from U.S. New and World Report…. Read More

Study: Car Buyers Pay $25.8 Billion in Secret Fees

Auto Loans

Study: Car Buyers Pay $25.8 Billion in Secret Fees

Study: Car Buyers Pay $25.8 Billion in Secret Fees

Americans will pay car dealers an extra $25.8 billion in interest over the lives of auto loans taken out in 2009, according to a new report by the Center for Responsible Lending. That translates to an additional $714 for every customer who received a loan through a car dealer. Dealers extracted the extra payments by… Read More

He Robbed a Bank With A Pencil. Now He’s Going to Prison.

Mortgages

He Robbed a Bank With A Pencil. Now He’s Going to Prison.

He Robbed a Bank With A Pencil. Now He’s Going to Prison.

The man who founded what was once among the nation’s largest mortgage lending companies was found guilty this week of numerous counts of fraud by a federal jury in Virginia, having cheated investors and the federal government out of $2.9 billion. Lee B. Farkas, former chairman of Taylor, Bean & Whitaker, “masterminded one of the… Read More

Financial News Roundup: Purchasing Sufficient Insurance Coverage, Fewer Americans Hold Stock

Personal Finance

Financial News Roundup: Purchasing Sufficient Insurance Coverage, Fewer Americans Hold Stock

Financial News Roundup: Purchasing Sufficient Insurance Coverage, Fewer Americans Hold Stock

Today’s top news headlines feature new rules voluntarily imposed on staff by for-profit colleges and advice about ensuring homeowners insurance coverage is adequate. Plus, find out why fewer Americans are investing in the stock market. Too Few Americans Carry Adequate Homeowners Insurance The Wall Street Journal Americans are being urged to take a thorough look… Read More

Follow Friday: Weekly Web Roundup (4/21/11)

Personal Finance

Follow Friday: Weekly Web Roundup (4/21/11)

Follow Friday: Weekly Web Roundup (4/21/11)

We’re happy to bring you this week’s roundup of our favorite blogs! We included stories on the triumphs of practical lending, downfalls of credit dependency, and the new more positive sentiment toward banks. As always, if you enjoy any of our favorites, we encourage you to follow them on Twitter for regular updates. And don’t… Read More

Update: The Latest on Foreign Transaction Fees

Credit Cards

Update: The Latest on Foreign Transaction Fees

Update: The Latest on Foreign Transaction Fees

For those of you who travel frequently overseas, you know that foreign transaction fees add up quickly. These fees are usually between 2 to 3 percent of your purchase. Credit card issuers charge this fee for any transaction made in a foreign currency or on purchases that involve a foreign bank. What many consumers don’t know,… Read More

Nationwide Mortgage Delinquency Slips Significantly in March

Mortgages

Nationwide Mortgage Delinquency Slips Significantly in March

Nationwide Mortgage Delinquency Slips Significantly in March

The overall rate of U.S. mortgage delinquency – those loans that have fallen 30 days or more behind on payments but have not yet been placed in foreclosure – fell to 7.78 percent during the month of March, according to the latest “first look” statistics from Lender Processing Services, which mined the figures from a… Read More

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