Are You Paying Too Much for Your Mortgage?

Mortgages

Are You Paying Too Much for Your Mortgage?

Are You Paying Too Much for Your Mortgage?

Are you shopping for mortgages and comparing them to see which one is the better deal? Were you offered a higher-priced mortgage? How can you even tell? Consumers in search of a mortgage should be especially wary of higher-priced loans when comparing rates and fees. It becomes especially important in the shopping phase because lenders quote rates... Read More

3 Things You Must Do Before You Lease a Car

Auto Loans

3 Things You Must Do Before You Lease a Car

3 Things You Must Do Before You Lease a Car

I tend to drive my cars until they die, and a couple of years ago that’s exactly what happened. In need of a new car, but not sure what I wanted for the long-term, I considered leasing a vehicle. But if buying and financing a car seemed confusing, leasing seemed even more overwhelming. I ended... Read More

Can Getting Married Hurt Your Credit Score?

Credit Score

Can Getting Married Hurt Your Credit Score?

Can Getting Married Hurt Your Credit Score?

You’ve probably heard the idea that when you marry someone, you’re marrying his or her family, too. It’s part of the package: Committing to someone means accepting everything about them, the good and the bad. It doesn’t work that way with credit scores — they’re based on your individual credit history, so your marriage to... Read More

Why the Student Loan Problem Is Even Worse Than You Think

Students

Why the Student Loan Problem Is Even Worse Than You Think

Why the Student Loan Problem Is Even Worse Than You Think

The Federal Reserve Bank of New York published its latest Quarterly Report on Household Debt and Credit recently, and, as usual, the real story about student loans is buried in its back pages. The report highlights the fact that loan-payment delinquency rates continue to improve (i.e. decline). On average, a little over 7% of all outstanding... Read More

Do Food Stamps Hurt Your Credit?

Credit Score

Do Food Stamps Hurt Your Credit?

Do Food Stamps Hurt Your Credit?

As far as credit scores go, your salary doesn’t matter. At least, not directly. But will a program for the poor impact your credit? Credit scores are based on the information in your credit report, and because income information isn’t reported to the credit bureaus, it has no bearing on your score. Of course, having... Read More

Do I Have Too Many Accounts on My Credit Report?

Credit Score

Do I Have Too Many Accounts on My Credit Report?

Do I Have Too Many Accounts on My Credit Report?

I have 23 accounts listed on my credit reports: 13 revolving accounts, seven mortgages (!), two auto loans and one student loan. Of course, not all of them are open or active. Some of the mortgages have been refinanced (more than once), some of those credit cards sit in a drawer unused, and the student... Read More

Glitch Puts Tax Refunds on Prepaid Cards for Thousands

Personal Finance

Glitch Puts Tax Refunds on Prepaid Cards for Thousands

Glitch Puts Tax Refunds on Prepaid Cards for Thousands

About 8,000 Louisiana taxpayers recently received their tax refunds on prepaid cards or paper checks — unfortunately, that’s not what they wanted. The taxpayers were supposed to have their refunds deposited directly into their bank accounts, but a computer glitch resulted in thousands of refund checks and prepaid cards instead, according to a report from... Read More

BYOD: The Most Dangerous Acronym in Business

Managing Debt

BYOD: The Most Dangerous Acronym in Business

BYOD: The Most Dangerous Acronym in Business

There is a line of thinking among many of my small-business colleagues that allowing employees to supply their own computers and phones – known as Bring Your Own Device, or BYOD – is both convenient and a great way to save money. Whenever I hear that from anyone, the first thing I ask is if... Read More

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