Financial Education
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Four Things Your Bank Will Forget to Discuss with You

Many bank institutions are still hunting for more prey. Many major banks have been making the news more recently; this is due to their bad gambling predictions regarding mortgages and their overall poor mismanagement. It would be a very bad generalization and inaccurate to blame all banks for their wrongdoing. The larger banks have been
A “For Rent” sign.

Experian to include rental data in credit reports

Renters interested in rebuilding their credit scores now have another tool at their disposal, reports The Detroit News. The credit bureau Experian, which acquired the property management database company RentBureau last summer, will begin factoring rental history into credit scores. This move will help scores of consumers, but it may also hurt, experts say. Millions
It can take years to save money for your childs college education (photo:

Can 529 Plans Provide Quick Cash for College?

Saving for college While 529 education savings plans can’t really promise quick cash for college, in recent years they’ve gained prominence as an effective way for parents to provide for the future higher education expenses of their children. A 529 education savings plan is a tax-deferred investment, similar to an Individual Retirement Arrangement (IRA), except

5 easy credit repair tricks to help you borrow money successfully

Your Credit Score The contents of your credit report can make or break your next loa form and your ability to borrow money. A good FICO score is the key to success. However, if your credit has taken a beating in recent times, you will have to do a little dusting off. The good news

Is the 40-Year Mortgage Really An Answer to Debt Relief

The 40-year mortgage The 40-year mortgage is growing more popular, but is it a true answer to debt relief? Many loan officers are promoting lower mortgage payments, citing the 40-year long term as a huge benefit to cash-strapped homeowners. But how exactly are they beneficial? President of, Jeff Lazerson, stated that the 40-year mortgage

Your Credit | Establish, Protect and Improve

We all know that we need good credit. You need it to get a house or a new car; some companies even do credit checks before hiring. What is credit, though? How do you get it and keep it in good standing? Credit is essentially borrowing money from a lender, with an outlined payback plan
As you can see, class, credit scores are thus completely confusing

Credit Scores: Understanding a New Math

Understanding your credit score is confusing but worth the effort Some numbers matter more than others in life. Your cholesterol count, your wedding anniversary date, and your credit score: These are numbers that matter. They may not matter in that particular order, but they are the kinds of numbers that can have significant impacts on
Use online payday loans to take care of the after-effects of a break-up.

How to pay bills after a breakup: with online payday loans

Breaking up is hard to do, especially when you are forced to pay the bills you used to split with your ex; good thing online payday loans are available to help you keep up with all those bills you are used to sharing. Keep reading to learn how to pick up the pieces and pay

Bad Credit Loans, How to Get One

How to get a bad credit loan The loan industry is one of the largest financial marketplaces in the world today. Spending largely drives the economy and many consumers need loans to do their fair share of the spending. An unfortunate by-product of the loan industry is that many consumers and borrowers fail to repay
middle class amt

Why the Alternative Minimum Tax should be changed by Congress

The Alternative Minimum Tax (AMT) was concocted in 1969 to eliminate tax loopholes for wealthy taxpayers. Since the AMT was created, it has only been adjusted for inflation twice. Each year more middle class taxpayers fall victim to the AMT, but Congress can’t agree on how to keep that from happening. The AMT no longer

Experian adding renter history to credit scores calculations

Credit score bureau Experian is now including renter history in its formula for adding up credit scores. Previously, only negative marks on a renter’s history, like evictions from non-payment, were added. Now positive marks will be added. Pay the rent on time and do some credit repair Credit bureaus typically do not factor renter’s history

The Extended Home Buyers Tax Credit Can Benefit You

2009 First Time Home Buyers Tax Credit Most people are now well aware of the First Time Home Buyer Tax Credit issued in 2009. The National Association of Realtors (NAR) statistics indicated a consistent rise in pending home sales during the period in which first time home buyers could reap tax credits. In fact, NAR’s
Photograph of a fanned-out stack of euro bills.

Germany must do more to avert economic crisis, says Cohen

Much like the United States, the European Union has been living in an economic dream world where moral hazard does not exist, says Roger Cohen in a recent New York Times op-ed piece. A lack of financial oversight is in large part why countries such as Ireland, Greece, Portugal and Spain are on the precipice
A man and woman are in the middle of an argument.

How to avoid money arguments, for couples

Loving relationships are built on a foundation of trust. For couples to live happily ever after, they must be able to trust one another with sensitive information, including knowledge of personal finances. If a couple isn’t on the same page – if they’re fighting about money – dark times lie ahead. Jill Gianola, a registered
Clip Art image of a bank building with a dollar sign superimposed in the top-right corner of the frame.

Choosing the certificate of deposit that is right for you

A certificate of deposit (CD) resembles a savings account, in that a consumer makes a federally insured, interest-accruing bank or credit union deposit. Unlike a savings account, however, a CD does not allow early withdrawal without penalty. For those who want to explore opening a CD, here’s a guide to the best CD options available.

Finding Quick Cash with CD Investments

Millions of consumers who wanted to save up quick cash for emergencies looked to CDs, or Certificates of Deposit, to make the process easier. By nature a CD is a great savings vehicle with the only negative being that its interest rates normally are less than favorable. The Certificate of Deposit There are many other
With this debit transaction cost $35 more than you think?

Should Government Limit Bank Overdraft Fees?

Over-the-top overdraft fees The Associated Press reports that some senior congressional Democrats want to draw up legislation that would limit how much banks can charge customers in overdraft fees. Personally, I have been slapped with $105 in overdraft charges before for transactions that equaled a lot less than that, so I certainly would feel better