Credit Card Balances at Lowest Level Since ’02

Credit Cards

Credit Card Balances at Lowest Level Since ’02

Credit Card Balances at Lowest Level Since ’02

The amount of money owed to lenders on all types of credit declined once again in the second quarter of the year, as did the total number of accounts that were behind on payments. Both measures indicate consumers may be getting a better handle on their finances. Consumer debt slipped $53 billion from the first… Read More

5 Back-to-School Credit Score Tips for Parents

Credit Score

5 Back-to-School Credit Score Tips for Parents

5 Back-to-School Credit Score Tips for Parents

Summer draws to a close with mixed feelings for most of us: Although we might have enjoyed some vacation time with family – perhaps a trip to the beach — it’s also nice to see our home routines returning to normal. By the end of summer, the whole family starts to get a little stir-crazy… Read More

Group to Donate Homes to Servicemembers

Mortgages

Group to Donate Homes to Servicemembers

Group to Donate Homes to Servicemembers

Many military members are feeling significant financial strain these days for a number of reasons, but one group is attempting to help some servicemen and women get a better handle on their housing situations. Operation Homefront, the well-known nonprofit organization that helps military families and those who were injured during their service, recently announced that… Read More

Seniors the Target of Big-Ticket Fraud

Identity Theft

Seniors the Target of Big-Ticket Fraud

Seniors the Target of Big-Ticket Fraud

Cecilia’s mother was the perfect mark. With a move to a nursing home looming, she already was suffering dementia. According to Cecelia, her brother took advantage of their mother’s declining mental state by convincing her to sign a reverse mortgage, in which she received payments from Wells Fargo for the equity she already had invested… Read More

Is Your College Kid’s Identity Safe?

Identity Theft

Is Your College Kid’s Identity Safe?

Is Your College Kid’s Identity Safe?

Parents who send their kids off to college this fall may probably worry about their personal safety. But what about their financial safety? I am not talking about the fear that a student will run up debt — even though that’s a legitimate one. Instead, I am talking about identity theft. Students ages 18 to… Read More

Can You Tell A Lender Which Credit Reporting Agency to Use?

Credit Score

Can You Tell A Lender Which Credit Reporting Agency to Use?

Can You Tell A Lender Which Credit Reporting Agency to Use?

Jackie is getting ready to purchase a new car and needs to take out a car loan. To prepare for the transaction, she has done her homework and accessed her credit reports and credit scores and checked the credit reports for accuracy. She has noticed that the credit score on one of the credit reports… Read More

California May Boost Payday Loan Allowances

Personal Loans

California May Boost Payday Loan Allowances

California May Boost Payday Loan Allowances

A payday loan is a controversial type of lending that has drawn scrutiny from consumer advocates and lawmakers across the country, and has most recently become a focal point in California. The California legislature is now considering whether to raise an existing cap on the allowable size of payday loans within the state, according to… Read More

Credit.com in the News 9/2/12

Personal Finance

Credit.com in the News 9/2/12

Credit.com in the News 9/2/12

This week the experts from Credit.com appeared in the media to weigh in on subjects including cyber crime, identity theft, and credit cards. Check out the hits… Cybercriminals Hack Email, Steal Funds Credit.com chairman and co-founder, Adam Levin spoke to USA Today about the importance of cyber security. A recent story on online hacks found… Read More

Prepare Your College Kids for Their First Credit Card

Students

Prepare Your College Kids for Their First Credit Card

Prepare Your College Kids for Their First Credit Card

Many parents have sent their recent high school graduate off to college, and some may have considered giving that young adult a credit card to help them cover basic expenses. While a credit card can be extremely useful to the average college student, their probable lack of experience with this — or perhaps any —… Read More

4 Ways Your Credit Card Is Changing

Credit Cards

4 Ways Your Credit Card Is Changing

4 Ways Your Credit Card Is Changing

The way we pay with plastic has changed a lot over the years, from the explosion in debit card usage over the last couple decades to the proliferation of rewards cards from retail stores, airlines and hotel chains. But the physical features of cards have evolved. Here are some of the ways that the look… Read More

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