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

Is Credit the Biggest Housing Problem?

Mortgages

Is Credit the Biggest Housing Problem?

Is Credit the Biggest Housing Problem?

Numerous recent surveys have noted that while credit issuing on most types of loans has broadened in the past few months, mortgage lending still remains tight. Now, experts say that’s a hindrance to both real estate and consumer credit. Credit availability has expanded significantly in the last year, but when it comes to mortgages, fears… Read More

California’s New Homeowner Bill of Rights: What We Can Learn

Mortgages

California’s New Homeowner Bill of Rights: What We Can Learn

California’s New Homeowner Bill of Rights: What We Can Learn

Last week the California legislature passed the Homeowner Bill of Rights, a series of bills enacted to protect California homeowners during the mortgage modification and foreclosure process. This landmark law builds upon and extends reforms negotiated in the recent national mortgage settlement between 49 states and the nation’s 5 largest loan servicers, a case brought… Read More

Apple: No Mobile Wallet with iPhone 5

Credit Cards

Apple: No Mobile Wallet with iPhone 5

Apple: No Mobile Wallet with iPhone 5

Many experts have pointed out that the use of near-field communications technology to make credit card purchases using smartphones will likely only become more ubiquitous when companies develop phones capable of this type of transaction, but one major tech company won’t do so yet. Unlike major competitors such as Google and Microsoft, it seems as… Read More

Help! My Dad’s Credit Card Is Hurting My Credit Score

Credit Cards

Help! My Dad’s Credit Card Is Hurting My Credit Score

Help! My Dad’s Credit Card Is Hurting My Credit Score

Sam is a busy New Yorker who’s savvy about his credit. A recent college graduate working his first job in the city, he got his first credit card last year, and he uses it wisely. He charges only $100 or $200 a month, enough to buy groceries and build up a credit history, but it’s… Read More

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