Is This the Age of the Free Credit Score?

Credit Score

Is This the Age of the Free Credit Score?

Is This the Age of the Free Credit Score?

If you feel like there’s more chatter these days about free credit scores, you’re not mistaken. In November, Fair Isaac Corp. (FICO) announced its FICO Score Open Access program, which allows customers of participating financial institutions to regularly view their FICO credit scores for free. So far, the program is available to Barclaycard, First Bankcard... Read More

5 Things Homebuyers Forget to Ask Their Lenders

Mortgages

5 Things Homebuyers Forget to Ask Their Lenders

5 Things Homebuyers Forget to Ask Their Lenders

Getting a mortgage can mean keeping track of a lot of moving parts. Savvy shoppers know to ask lenders about interest rates, closing costs and how much they can borrow. But even seasoned buyers may not know to dig a little deeper. Here’s a look at five key things homebuyers often forget to ask mortgage... Read More

A Credit Card Strategy for the Holiday Overspender

Managing Debt

A Credit Card Strategy for the Holiday Overspender

A Credit Card Strategy for the Holiday Overspender

It’s the most wonderful time of the year, when even the most disciplined spender can end up running a credit card balance.  The holiday spirit often seems in conflict with the budgeting spirit, and January can bring big bills. Here’s one way to minimize – or quarantine! – the damage. When Americans talk about money,... Read More

Consumer Watchdog Targets Arbitration Clauses in Latest Report

Personal Finance

Consumer Watchdog Targets Arbitration Clauses in Latest Report

Consumer Watchdog Targets Arbitration Clauses in Latest Report

About 90% of arbitration clauses in credit card and checking account agreements prevent consumers from participating in class actions, according to a report released today by the Consumer Financial Protection Bureau. Companies and consumers use arbitration to settle disputes outside the court system, and financial service contracts often include “pre-dispute arbitration clauses” — which state... Read More

How Many Homes Can I Finance?

Mortgages

How Many Homes Can I Finance?

How Many Homes Can I Finance?

Real estate investors are hit the hardest by “multiple finance property” guidelines, which the majority of lenders enforce. When an individual owns four or more indebted residential real estate properties beyond the primary home — that’s what’s known as a multiple finance property situation. If you have fewer than four financed properties, then you won’t... Read More

New Parents: Start Saving for Your Kid’s College Now

Students

New Parents: Start Saving for Your Kid’s College Now

New Parents: Start Saving for Your Kid’s College Now

Roughly 70% of the class of 2012 graduated with student loan debt, and the average debt load was $29,400. That doesn’t mean those students or their parents didn’t save for college, but perhaps they wished they had set aside a little more. An informal poll from the National Financial Educators Council showed that many Americans... Read More

New App Promises a Budget in 60 Seconds

Personal Finance

New App Promises a Budget in 60 Seconds

New App Promises a Budget in 60 Seconds

Despite the fact that there are myriad tools available to create a budget and get your financial house in order, most of us aren’t doing a very good job at it. But a new iPhone app, Wisely, aims to make it easier for you to budget and track your spending. There are numerous benefits to... Read More

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