Where Did Credit Cards Come From?

Credit Cards

Where Did Credit Cards Come From?

Where Did Credit Cards Come From?

U.S. credit card spending reached $2.2 trillion in 2012, an 8.4% increase from 2011, according to an analysis by MasterCard. That’s a lot of money going back and forth by way of plastic, especially when you consider the fact that credit cards have only been around for about 50 years. Credit cards as we know… Read More

The Best Cars for the Environment

Auto Loans

The Best Cars for the Environment

The Best Cars for the Environment

If you’re really into buying local and living green, you may find yourself in a bit of a pickle when it comes to choosing a car. Of the 12 Greenest Vehicles of 2014, none of them are from U.S.-based automakers. The rankings system from the American Council for an Energy-Efficient Economy (ACEEE) gives the highest… Read More

Combustible Adjustables: The Troubling Return of the ARM

Mortgages

Combustible Adjustables: The Troubling Return of the ARM

Combustible Adjustables: The Troubling Return of the ARM

It was only a matter of time. Adjustable rate mortgages—the apocalyptical financial product of the recent economic collapse—are coming back in a big way. Of course, the banks insist that this time it’ll be different. At the moment, they’re targeting only high-net worth borrowers. According to a study that was developed for the Wall Street… Read More

The Art of Asking for a Discount

Personal Finance

The Art of Asking for a Discount

The Art of Asking for a Discount

In January, This American Life aired a segment in which reporter Ben Calhoun went to a few stores and tried asking for a “good guy discount” at the register. Here’s how Calhoun explained it: A friend of his named Sonari Glinton was interviewing a negotiations expert from Columbia University Business School who described a technique where you… Read More

Could Not Paying a Debt Land You in Jail?

Managing Debt

Could Not Paying a Debt Land You in Jail?

Could Not Paying a Debt Land You in Jail?

After allegedly cashing the same checks more than once (by phone and in person), four Georgia football players were recently charged with theft by deception. It’s a crime that can result in fines or even jail time, depending on state law and the severity of the offense. Some debt collectors are using the threat of… Read More

What a Mortgage Calculator Won’t Tell You

Mortgages

What a Mortgage Calculator Won’t Tell You

What a Mortgage Calculator Won’t Tell You

If you’re thinking about buying a home, you’ve probably used — or at least heard of — a mortgage calculator. These nifty tools can help you figure out the price range of homes you may be able to afford and estimate your monthly mortgage payment. With an event as big as buying a home, it’s… Read More

How to Talk Retirement With Your Spouse

Personal Finance

How to Talk Retirement With Your Spouse

How to Talk Retirement With Your Spouse

Imagining retirement, like dreaming of vacation or if you win the lottery, can be fun. But what if you and your spouse are picturing very different things? Getting on the same page with your significant other early on can help you to plan a successful retirement. Talk About Goals You and your husband/wife/partner don’t have… Read More

When Health Insurance Doesn’t Save You Much Money

Managing Debt

When Health Insurance Doesn’t Save You Much Money

When Health Insurance Doesn’t Save You Much Money

Q: How much does gallbladder surgery cost? A: Anywhere from $5,865 to $94,897. Here’s another one: How can a person with good insurance wind up paying $6,104.64 for gallbladder surgery? Well, it’s not hard. We set out on this quest after hearing from Justin Evans, of Bonney Lake, Wash., who has pretty good employer-sponsored insurance,… Read More

An Indefensible Defense of Student Loans

Students

An Indefensible Defense of Student Loans

An Indefensible Defense of Student Loans

James Runcie, the Federal Student Aid office’s chief operating officer, appeared before the U.S. Senate’s Education Committee where he was grilled on the manner in which the FSA is monitoring the performances of the Department of Education’s subcontracted student-loan servicers. Two interesting points caught my attention. The first pertains to the key metrics the department uses… Read More

4 Money Challenges Military Members Face

Managing Debt

4 Money Challenges Military Members Face

4 Money Challenges Military Members Face

For members of the U.S. military — whether they are active-duty enlisted, Guard or Reserve — there is a common theme for many: low pay and high debt. These same soldiers find themselves on military bases surrounded by many offers to finally buy things they’ve always wanted, but could never afford. Some soldiers simply want… Read More

Show Me More

Find out where you stand.
Get your FREE personalized credit report card.

Sign Up Now
X

Stay connected to our experts

Please submit your email address to get credit & money tips & advice
from our team of 30+ experts, delivered weekly to your inbox.