Study: Hard Core Holiday Shoppers May Owe Well Into 2011

Personal Finance

Study: Hard Core Holiday Shoppers May Owe Well Into 2011

Study: Hard Core Holiday Shoppers May Owe Well Into 2011

The online payment site eBillme.com is chock full of holiday spending statistics, especially when it comes to online spending. According to eBillme, holiday shoppers are more prone than ever to shop online for their Yuletide loot – 55% this year, compared to 38% in 2009. Unfortunately, eBillme has identified another characteristic of holiday shoppers –… Read More

Direct Lender or Mortgage Broker – Which Should You Choose?

Mortgages

Direct Lender or Mortgage Broker – Which Should You Choose?

Direct Lender or Mortgage Broker – Which Should You Choose?

This is one of those questions where you better understand the question before you start examining the answers. In industry terms, a direct lender is one who funds the loan with its own money. That lender might be a bank, a savings bank, a credit union, or a mortgage banking company. An urban myth, from… Read More

Mortgage Giants Say Role in Foreclosure Crisis Not A Problem

Mortgages

Mortgage Giants Say Role in Foreclosure Crisis Not A Problem

Mortgage Giants Say Role in Foreclosure Crisis Not A Problem

Fannie Mae and Freddie Mac testified at a hearing on the national foreclosure crisis held by the Senate Banking Committee, according to a report from The Washington Post, and said they play no role in either controlling how consumers pay their home loan, or how and when banks decide to seize the property. “I want… Read More

Chase Cuts Rewards Program, More to Follow?

Credit Cards

Chase Cuts Rewards Program, More to Follow?

Chase Cuts Rewards Program, More to Follow?

Debit card rewards or credit card rewards, which is really better?  And, why do consumers choose one over the other?  It’s the great debate that’s been raging on for, well, a couple of weeks over here at Credit.com.  Here are my thoughts as to why consumers choose one over the other. Chase recently announced that… Read More

What Happened to My Bank?

Mortgages

What Happened to My Bank?

What Happened to My Bank?

In the old days, we used to have big banks, medium banks, and small banks.  This is going to be a generalization, but the big banks used to handle big businesses like international corporations, the medium banks handled regional companies, and smaller banks served their local communities. The “big city” banks had no interest in… Read More

Financial News Roundup: Freddie Mac Says ‘No Evictions’ Over Holidays, Mortgage Interest Deduction Sparks Debate

Personal Finance

Financial News Roundup: Freddie Mac Says ‘No Evictions’ Over Holidays, Mortgage Interest Deduction Sparks Debate

Financial News Roundup: Freddie Mac Says ‘No Evictions’ Over Holidays, Mortgage Interest Deduction Sparks Debate

Top Financial News Headlines from Around the Web Today’s top headlines feature the latest tax issue affecting homeowners and the most recent bankruptcy figures. Plus, find out how Freddie Mac plans to help struggling homeowners over the holidays. November sees stark decline in bankruptcy filings Data from the American Bankruptcy Institute shows bankruptcy filings hit… Read More

A Clean and Happy Mac

Identity Theft

A Clean and Happy Mac

A Clean and Happy Mac

Speed Up Your Mac with These Simple Tips Last week we looked at tips for maintaining a PC. This week we’re turning to Mac OS X. Generally speaking, OS X is more stable than Windows desktops and requires less user maintenance. Yet there are a few things you can do to revive an older or… Read More

The Perfect Prepaid Card?

Personal Finance

The Perfect Prepaid Card?

The Perfect Prepaid Card?

It may just be the perfect prepaid card. SmartyPig.com is rolling out a prepaid debit card with low fees that also gives cash back, and lots of it. The card will give users up to 10% cash back, a very unusual offer among prepaid cards. “We have not seen a lot of this yet,” Ben… Read More

Credit Scoring Scam of The Century – Debunked!

Credit Score

Credit Scoring Scam of The Century – Debunked!

Credit Scoring Scam of The Century – Debunked!

The story’s headline is scorching: “The Credit Scoring Scam of the Century.” The author, Philip Tirone, who calls himself a “Credit scoring expert and champion for the underdog” on his website, warns that 50% of consumers have been scammed by a “shameful tactic” perpetrated by credit card companies. There’s just one problem. The scam doesn’t… Read More

Mortgage Delinquency Remains A Mixed Bag In Third Quarter

Mortgages

Mortgage Delinquency Remains A Mixed Bag In Third Quarter

Mortgage Delinquency Remains A Mixed Bag In Third Quarter

Rates of delinquency increased for several types of mortgages, including those held by banks insured by the Federal Deposit Insurance Corp., according to the latest statistics from the Mortgage Bankers Association. This type of home loan saw delinquency of 90 days or more rise 0.15 percent to 4.41 percent in the third quarter. Similarly, loan… Read More

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