5 Good Reasons to Axe a Credit Card Account
(Image: Thinkstock) Whenever Macy’s announced a sale on Jones of New York suits or high-heeled sandals, Deanna S. Walker would dash to the department store. When her husband would travel for his...
View Article10 States with Most Student Loan Debt
As you may already know, President Obama recently presented his plans to offer expanded programs in an effort to provide more extensive student loan relief. Among the proposed changes is a cap on...
View ArticleStudent Loan Relief: Bill Could Allow Bankruptcy Discharge
(Image: Shutterstock) Iowa Senator Tom Harkin has proposed a new bill that would create an option for private student loans to be discharged through bankruptcy proceedings. Currently, federal law...
View ArticleSummer Heat: Federal Student Loan Interest Rates Will Rise in July
July brings summer fun and sandy beaches, but it also means new changes are on the horizon for new federal student loans. Next month, borrowers will face higher interest rates on new student loans....
View ArticleMost Consumers Don’t Understand Overdraft Penalty Plans
If you’re confused by your bank’s overdraft penalty rules, you’ve got some company. Confusion surrounding overdraft penalties is exactly why financial institutions are required to make sure their...
View ArticleDenied: Some College Students Can’t Access Federal Loans
College graduate at commencement with others(Image: Thinkstock) For some students, the only way college can become a reality is through student loans. Unfortunately, attending college may not be...
View ArticleHelp for Overdrafts: Wells Fargo Will Stop ‘Stacking’ Checks
If you’re like most smart consumers, you try your best to balance your checkbook so that you can avoid going into overdraft. What you may or may not know is that some banks participate in a practice...
View ArticleInfographic: Federal Versus Private Student Loans
For those of you who have student loans, I’m sure you’ll agree that student loan debt seems like it will never go away. What’s sobering is that some students wind up in debt as long as 30 years. If...
View ArticleCredit Card Interest Rates on the Rise
Image: Thinkstock Credit card comparison website CardHub recently released its Credit Card Landscape Report for the second quarter of 2014. This report analyzes the latest developments when it comes to...
View ArticleStudy: One in Three Americans with Credit File Has Debt in Collections
(Image: Thinkstock) If you’re hiding a dirty little credit secret—a debt in collections—you have plenty of company. You won’t be the only person at those Debtors Anonymous meetings you’ve been thinking...
View ArticleBeware of a New Scam on Facebook
A new Facebook scam is here. In this particular scam, users are convinced they will be able to get into someone else’s account in three easy steps. Tom’s Guide reports that the three steps appear in an...
View ArticleStudy: Consumers Still Recovering from the Recession
(Image: Thinkstock) According a recent Federal Reserve study entitled Report on the Economic Well-Being of U.S. Households in 2013, Americans are still reeling from the Great Recession. Many Americans...
View ArticleReport: Late Auto Payments on the Rise
House payment due reminder on calendar(Image: Thinkstock) If you’re late on your auto loan payment, you have some company. According to a report by Experian Automotive entitled State of the Automotive...
View ArticleFTC Requests Shutdown of Fake Credit-Debt Scheme
The Federal Trade Commission is joining forces with a federal court to put an end to a credit-related scam. Targeting financially distressed consumers, this scam is perpetuated by phony debt...
View Article5 Reasons Your Credit Card Application Was Denied
Most of us will apply for a credit card at one point, and for many different reasons. You might be just starting out and attempting to build credit, or you might be hoping to expand your access to...
View ArticleInfographic: Where College Students Spend Their Money
Many college students never seem to have any spare change. Aside from high tuition payments, how else is their budget spent? How much money does the average college student spend? What do they spend it...
View ArticleComputer Chips Coming to a Credit Card Near You
You may have noticed, if you’ve received a new credit card lately, that there is something different on credit cards nowadays. What you are witnessing is the new computer chip that is now installed in...
View ArticleStudy: More Millennials Saying No to Credit Cards
Image: File According to a survey conducted by Bankrate, more than 60 percent of millennials are opting to go without a credit card, compared to 35 percent of Americans over the age of 30. Jeanine...
View ArticleStudy: One in Five Can’t Live without Credit Cards
(Image: ThinkStock) A new study by the National Foundation for Credit Counseling revealed that consumers are very attached to their plastic. In fact, one in five respondents admit they would not be...
View ArticleCitizens Bank Offers Student Borrowers a Chance to Refinance at Lower Rate
Managing student loan debt can be quite a burden. Consequently, some borrowers refinance in an effort to lighten the load. The Wall Street Journal reports there is now a new option for those who are...
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