Do You Have a Good Interest Rate?

Credit 101

Do You Have a Good Interest Rate?

Do You Have a Good Interest Rate?

Jaw-dropping low rates on mortgages and auto loans are tempting even the most cautious borrowers to take the plunge and try to get a loan to buy a home or car, or refinance the ones they have. But can those great rates you see advertised be trusted? How do you know whether the interest rate… Read More

6 Birthday Wishes for the CFPB

Personal Finance

6 Birthday Wishes for the CFPB

6 Birthday Wishes for the CFPB

On July 21 of last year, the Consumer Financial Protection Bureau came into existence. It was born of the chaos that followed the 2008 financial meltdown and its charter became perhaps the most well-publicized and contentious aspect of the Dodd-Frank Wall Street Reform Act. For the first half of its life, it was without a… Read More

This Week in Credit News: It’s All About the CFPB

Personal Finance

This Week in Credit News: It’s All About the CFPB

This Week in Credit News: It’s All About the CFPB

The news this week was pretty positive for consumers, with som big wins for the Consumer Financial Protection Bureau and some new data that shows the Great Recession maybe wasn’t as horrible as we originally thought. What ‘The Dark Knight Rises’ and the CFPB’s First Anniversary Have in Common The CFPB has its first birthday… Read More

210 Million Reasons to Love the CFPB

Personal Finance

210 Million Reasons to Love the CFPB

210 Million Reasons to Love the CFPB

During the endless hearings leading up to the passage of the Dodd-Frank Wall Street Reform Act, which has its two-year anniversary this week, and an even more taxing series of hearings defending its existence, Elizabeth Warren, the Harvard Professor who can rightly be called the birthmother of the Consumer Financial Protection Bureau, said “America needs… Read More

Default Rates Decline for Most Types of Credit

Personal Finance

Default Rates Decline for Most Types of Credit

Default Rates Decline for Most Types of Credit

For months now, Americans have been making more concerted efforts to get their finances in order by keeping up with their monthly bills, and those efforts have continually paid off in the form of lower default rates across nearly all kinds of credit. All but one of the 10 major types of consumer credit saw… Read More

Kmart Prepaid Card Fails to Stand Out

Credit Cards

Kmart Prepaid Card Fails to Stand Out

Kmart Prepaid Card Fails to Stand Out

Kmart unveiled its version of the increasingly popular prepaid debit card this week, but, following the nationwide rollout of Chase’s game-changing Liquid, the product really doesn’t stand out. The Halogen Prepaid MasterCard, offered by Green Dot, carries a $5.95 monthly fee. Cardholders are charged $4.95 to load money onto the card at any retail store via… Read More

How to Financially Prepare a Teen for College

Students

How to Financially Prepare a Teen for College

How to Financially Prepare a Teen for College

Now that it’s the middle of July, many parents and college-bound kids are probably starting to make the final preparations for when those young adults head off to school. Often, that includes figuring out what type of account will be best for helping them manage their finances throughout the year. However, the recent recession has… Read More

Hospital Mistake? How to Remove It From Your Credit

Credit Score

Hospital Mistake? How to Remove It From Your Credit

Hospital Mistake? How to Remove It From Your Credit

Hospitals, doctors and medical billing companies make mistakes all the time, but a Credit.com reader named Cheri told us about her especially challenging case. Cheri’s adult son was born with severe autism, she wrote recently in a comment responding to a Credit.com story. While visiting family in New Hampshire, her son was hospitalized for severe… Read More

Olympics-Bound? Snag Some Credit Card Perks

Credit Cards

Olympics-Bound? Snag Some Credit Card Perks

Olympics-Bound? Snag Some Credit Card Perks

As the first groups of Olympic athletes make their way to London this week, the tourists are soon to follow. According to the official site for the London Olympics, 11 million ticketholders will be at the 2012 games. But while they’re not enjoying their events of choice, there are plenty of other activities to keep… Read More

Credit Unions Vs. Banks – Who’s More Likely to Lend?

Mortgages

Credit Unions Vs. Banks – Who’s More Likely to Lend?

Credit Unions Vs. Banks – Who’s More Likely to Lend?

Credit unions may have experienced a big bump in membership following last year’s Bank Transfer Day, but the small financial institutions still have a way to go when it comes to the credit card market. According to the latest Experian-Oliver Wyman Market Intelligence reports, a quarterly analysis of consumer credit trends, credit unions make up… Read More

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