The Most Car-Hungry States

Auto Loans

The Most Car-Hungry States

The Most Car-Hungry States

Auto loans have been a consistently strong aspect of the recovering economy, and the end of last year was no different. The dollar amount of car loans and leases originated in the fourth quarter of 2013 ($129 billion) increased 16% from the fourth quarter in 2012, bringing the loan and lease origination total to $511... Read More

Should You Borrow Money From Your Parents?

Personal Finance

Should You Borrow Money From Your Parents?

Should You Borrow Money From Your Parents?

During a 2012 campaign stop, Republican presidential candidate Mitt Romney famously told students to chase success by taking risks, getting necessary education and borrowing money from their parents, if need be. Critics skewered the wealthy Romney for being out of touch, because most people’s parents probably don’t have the kind of money to dole out... Read More

Foreclosure Declines Continue

Mortgages

Foreclosure Declines Continue

Foreclosure Declines Continue

There was a time when having more than 1 million U.S. homes in foreclosure was the norm. It wasn’t that long ago, actually — the foreclosure inventory only dropped below the million mark in June 2013 — but as of January 2014, just 794,000 homes were in some state of foreclosure. That’s a 33% decline... Read More

Is This a Major Flaw in Mobile Banking?

Personal Finance

Is This a Major Flaw in Mobile Banking?

Is This a Major Flaw in Mobile Banking?

No time to get to the bank to deposit a check? No problem. Many banks and credit unions let customers save a trip by snapping a picture or scanning an image of the check and transmitting that to them online or on their smartphone. It’s very convenient. But is it safe? If all it takes... Read More

Identity Theft: The Top Consumer Complaint

Identity Theft

Identity Theft: The Top Consumer Complaint

Identity Theft: The Top Consumer Complaint

For the 14th consecutive year, identity theft is the nation’s biggest headache for consumers, topping the annual rankings of filed complaints to the Federal Trade Commission. Of more than 2 million reports filed with the federal watchdog last year, 290,056 were related to identity theft. That’s about 14%, but remember: Many never report identity theft... Read More

The Little-Known Form for Avoiding a Big Tax Bill

Personal Finance

The Little-Known Form for Avoiding a Big Tax Bill

The Little-Known Form for Avoiding a Big Tax Bill

An estimated 5.75 million forms reporting “cancellation of indebtedness income” have been sent to taxpayers this year. But how many of these 1099-C forms are correct? Given the complaints we’ve received on our blog, we suspect the number of mistakes is significant. Here are just a few examples of some of the mistakes our readers... Read More

The Newest All-in-One Mobile Wallet

Personal Finance

The Newest All-in-One Mobile Wallet

The Newest All-in-One Mobile Wallet

It sounds almost like a magic trick: Make a purchase through a magnetic field. But that’s exactly what Loop does. It’s a new mobile payment gadget, available now in fob form and in April as an iPhone case. The Loop Fob and Loop ChargeCase generate magnetic fields like magnetic stripe credit cards do when swiped.... Read More

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