The 17,000% APR You Might Be Paying

Personal Finance

The 17,000% APR You Might Be Paying

The 17,000% APR You Might Be Paying

Would you agree to pay a 17,000% APR for a loan? Of course not, but many consumers are paying stratospheric rates when they opt into overdraft programs offered by their financial institutions, according to a report released Thursday by the Consumer Financial Protection Bureau. I am one of them. A few years ago, I used... Read More

How to Upgrade Your Secured Credit Card

Credit Cards

How to Upgrade Your Secured Credit Card

How to Upgrade Your Secured Credit Card

[[THIS ARTICLE REDIRECTED TO http://www.credit.com/credit-cards/content/how-to-upgrade-your-secured-credit-card/]] When people are struggling to rebuild their credit, a secured card can offer them the opportunity to qualify for a credit card and establish a positive credit history. Unfortunately, secured cards also have several drawbacks compared with standard credit cards. For example, secured cards always require a refundable deposit that is... Read More

Can You Still Get a Good Deal on a Home?

Mortgages

Can You Still Get a Good Deal on a Home?

Can You Still Get a Good Deal on a Home?

The seesawing housing market continues to defy economists and expectations. Pending home sales dipped in June after a string of strong months, catching many by surprise. Mortgage rates are sinking back down near historic lows. Home prices are on the rise, but inventory is still tight in some communities. In short, it’s a tough time... Read More

The States With the Most Car Repossessions

Auto Loans

The States With the Most Car Repossessions

The States With the Most Car Repossessions

In many states, once you miss a payment on an auto loan, your creditor can repossess the vehicle at any time. Your loan agreement will state what constitutes default, but in general, you are risking repossession once your payment is more than 30 days past due, which is a chance you don’t want to take,... Read More

Why Colleges Are Starting to Worry About Student-Loan Defaults

Student Loans

Why Colleges Are Starting to Worry About Student-Loan Defaults

Why Colleges Are Starting to Worry About Student-Loan Defaults

More and more community colleges — arguably the most economical point of entry to higher education — are opting out of the federal student loan program. At last count, roughly 1 million students in 30 states are now scrambling for alternative financing. According to a report by the Institute for College Access and Success, the... Read More

The Top 10 Consumer Complaints of 2013

Personal Finance

The Top 10 Consumer Complaints of 2013

The Top 10 Consumer Complaints of 2013

A dissatisfied customer typically is not a quiet one: Venting to friends, launching a social media assault on the offending service provider and exchanging tense words with customer service representatives are among Americans’ favorite ways of dealing with bad experiences. You can also reach out to agencies dedicated to resolving consumer issues, and because of... Read More

Is Studying Abroad Worth It?

Student Loans

Is Studying Abroad Worth It?

Is Studying Abroad Worth It?

Meaningful experiences shape our views of the world and diversify the way we think. Whether studying at a community college or attending an out-of-state university, the college years are a time to explore, experience different things and meet new people. The world we live in is changing and it is vital that today’s students are... Read More

The Facebook Scam That Tricks You Into Hacking Yourself

Identity Theft

The Facebook Scam That Tricks You Into Hacking Yourself

The Facebook Scam That Tricks You Into Hacking Yourself

There’s apparently a new Facebook scam that would probably make you feel like a huge idiot if you fell for it. It’s more embarrassing than anything else, because it involves you attempting to hack someone else’s account, when really, all you do is give scammers access to yours. Instead of breaking into your friend or... Read More

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