financial education

Lenders Watching Credit Cards And How Consumers Use Them

Companies issuing credit cards are taking on a new tactic to monitor their risk. Now they are watching, and compiling, what borrowers are spending their money on and where they are shopping. How do they monitor credit card risk? The purpose is to calculate who may be a credit risk and methodically weed them out
first person fraud

Incidents of attempted loan fraud skyrocket during credit crunch

An epidemic of attempted mortgage loan fraud is sweeping the country as the credit crunch lingers on. Consumers should be aware of what constitutes loan fraud to avoid committing it. Penalties for mortgage loan fraud include jail time and hefty fines. Attempted mortgage loan fraud jumps 57 percent Attempted loan fraud skyrocketed to nearly 60
Changes in the credit card industry hit consumers hard. Payday loans may indeed be the more viable option for cash-conscious consumers. (Photo: flickr.com)

Payday Loans Becoming a Viable Option to Credit Limits

Consumers and Payday Loans Payday loans are proving themselves to be lifesavers in today’s economy.  Traditional lenders are closing doors quickly to extending credit and it’s leaving Americans in a panic.  Bills are being left until last minute, expenses are being cut drastically and families are downsizing to handle the strain.  Normally credit card companies

A Home Mortgage in Today’s Economy

Perhaps you have heard how difficult it is to secure a home mortgage in today’s economy. You may have even heard that home loans are so difficult to secure that many people should not bother with the process. Before we go much further, let’s dispel those rumors right now. The way of mortgages today Mortgage
Two women discussing credit card debt relief.

Efficient tips for reaching credit card debt relief

There are many efficient tips for reaching credit card debt relief. However, if you find yourself struggling under the grips of debt, you may sometimes feel as if there is no way out of your situation. Nevertheless, there are many different techniques you can use to overcome the debt that you have acquired throughout your

Reverse mortgages are secured loans that don’t always work out

The reverse mortgage loan Reverse mortgages are secured loans that come with a catch. Just ask Ernest Minor of Marysville, California about them. He had a reverse mortgage and hoped it would pay for his wife’s medical bills. She eventually passed away and his loan came due. He received a bill for $200,000 from the
Credit cards should be used carefully. However, if you need a car, the incentives available now could make using a credit card to buy a car feasible. (Photo: picasaweb.google.com)

It’s the Right Time to Use Credit Cards to Buy a Car

Car Buying in a Recession If consumers are in the need of a car, this may be the right time to use credit cards to do it. Most dealerships have huge inventories and no way to get rid of them. The recession has put auto dealers in difficult positions, since most Americans are in no
That's a monster of an APR you've got there, First Premier Bank. Give me a payday loan instead!

80 Percent APR Credit Card Terrorizes Consumers

First Premier Bank Skirts Credit Card Law with Subprime Credit Card Back in June of 2009, Deborah Weiss of Personal Money Store reported about how the new credit card laws could backfire on hard-working Americans. It’s unlikely that President Obama or most members of Congress could have predicted then just how much of an end-around
House

Americans losing faith in mortgage loans and real estate

Americans are becoming less convinced that getting mortgage loans to buy real estate is a good idea. A recent survey found that the number of people who believe owning a home is a worthy investment has dwindled to the lowest level in years. Home sales have been sluggish to recover from the housing crash. Fewer

Cities are Finding Cash Now by Charging Additional Sales Taxes

Finding cash now that the recession is over may prove to be more difficult than previously hoped. The reason is because state and local governments have been elevating the taxes charged to consumers and little has been done to publicize it. Other issues have taken precedence in the media. Heath care policies, federal income taxes

Case-Shiller index indicates home prices still falling

Should homeowners brace for more financial pain? So America has recovered from the housing bubble and things are looking better for Real Estate… right? Not so fast. Marketwatch reports that the most recent Case-Shiller home price index indicates a “not-seasonally adjusted” .2 percent drop for 20 major American cities for December 2009. Prices did rise
Mississippi Capitol

Mississippi Congress stalls on payday loan legislation

The Mississippi state legislature has stalled a bill that would further regulate payday loan lending in the state. States have increasingly passed legislation regarding payday lenders, usually to reduce interest rates. The new regulatory bill is stalling as legislators cannot agree on terms. Payday loan regulation bill stalls in Mississippi legislature The state legislature of

Last-minute tax breaks for donations to Chile and Haiti

A House bill was introduced yesterday which, if signed into law, will allow taxpayers to deduct last-minute, charitable donations for disaster relief in Chile from their 2009 tax returns rather than waiting to claim the deductions on their 2010 returns. In order to qualify as deductions for the 2009 tax year under the proposed bill,
Paying off debt

Pay down credit card debt | Using science to pay it down faster

If you are working to pay down credit card debt, you have a lot of choices to make. Depending on how many cards you have and the amount of credit card debt, maximizing your money can be tough. Science has shown that the decisions most people make to pay down credit card debt should be
Personal tax filing

Save money by doing your taxes now

There can be a lot of misinformation and fear involved in doing your taxes. However, there are so many incredible opportunities that can help you save money on your taxes. The trick is to find out about them ahead of time. Waiting until the deadline, April 15, removes all your options to save money. So,

How To Go About Organizing Your Bills

Bills, Bills, Bills You see them every day, and you hate to open them. What more exciting news could they possibly bring than reminding you of your obligation? Don’t they realize there is a recession going on? Do they think you have extra cash lying around? Rather than looking at them like the 800-pound ogre
Look into the basics of short term loans and mortgages before you start negotiating to buy a new home.

Using short term loans to assure a good home buy

For homebuyers, short term loans can be priceless. A short term loan is a convenient, simple and quick way for any qualified customer to get additional money. New homeowners like to use these types of loans for unforeseen expenses. If you are buying a new home, there are some things you need to watch out