This Week in Credit News: New Mortgage Rules
The biggest news this week is all about the Consumer Financial Protection Bureau’s new regulations of the mortgage industry. Mixed Reviews on CFPB’s New Mortgage Rules The CFPB announced a slew of new...
View ArticleDoctors Making Career Decisions Based on Debt
Today, there is a nationwide doctor shortage in many fields of medicine, and new data suggests that student loan debt might be part of the reason for this problem. A new study from the American Academy...
View ArticleBieber Fever Lands in Your Child’s Wallet
There is no denying the power of pop music sensation Justin Bieber. And while the Bieber brand is used to promote his music, events and merchandise, he has now begun to put his name behind a financial...
View ArticleWill Banks Change Their Collections Methods?
In recent months, the federal watchdog tasked with protecting consumers’ finances has cast its regulatory spotlight on how bank and nonbank financial institutions handle delinquent and defaulted debt....
View Article7 Signs Your Credit Card Debt Is About to Implode
As we move into 2013, U.S. consumers are carrying balances exceeding $850 billion on approximately 600 million credit card accounts. This is down from the peak of more than $950 billion during...
View ArticleThe Comeback Cities of the Housing Recovery
The nationwide housing market is now in full recovery mode after suffering greatly during and following the market meltdown, and it’s believed that 2013 will be a big year for many markets. However,...
View ArticleCredit.com in the News 1/11/13
This week the experts from Credit.com contributed to a wide range of publications on subjects including medical identity theft, identity ransom, saving money and building credit. Check out the hits…...
View ArticleIRS Identity Theft Prevention Criticized
In recent years, identity theft committed by filing fraudulent tax returns has come into stark focus, but some experts say the Internal Revenue Service still doesn’t do enough to protect Americans. The...
View Article4 Ways to Get a Mortgage for Little or No Money Down
With home prices and mortgage rates as low as they are, a lot of people are eyeing the opportunity to become first-time homebuyers. Unfortunately, many of them are discouraged by a perceived need to...
View Article5 Must-Have Money Apps for 2013
Despite predictions that the world would end in 2012, January is here and 2013 is off to a promising start. Not surprisingly, many New Year’s resolutions revolve around money and finances — whether...
View ArticleWhat You Need to Know Before Renting a Car With a Credit Card
Renting a car is clearly one of those times when you need a credit card. Most credit cards provide a form of insurance called a collision damage waiver that can save you the expense of purchasing...
View ArticleCFPB Rule Creates More Protections for Expensive Mortgages
The same day as it introduced more protections for borrowers seeking home loans of all kinds, a federal consumer watchdog also unveiled rules to specifically safeguard consumers trying to obtain...
View ArticleHigher Prices for Credit Card Purchases Possible in January
Consumers in many states across the country may want to begin preparing the possibility that the purchases they make with their credit cards could end up costing them more. As a result of a recent...
View Article5 Things to Do Immediately If Your Identity Is Stolen
“Help! I’ve been the victim of identity theft!” I can’t tell you how often I get those calls to my office. People rarely expect it to happen to them and when it does, they feel at a loss to know...
View ArticleWill Your Credit Card Outlast Your Marriage?
Will you be sticking with your credit card longer than your spouse? For some Americans, the answer will be “yes.” Overall, we are are pretty faithful to our plastic. According to Experian, the average...
View ArticleConsumers Took On More Debt in November
The amount of money owed by borrowers to lenders on both installment loans and credit cards surged once again in November, after less substantial increases in the previous two months. Total balances on...
View ArticleMy Family’s Biggest Financial Burden: Multiple Sclerosis
This story is by Stephanie Casey, as told to Libby Kane. Four years ago — seven days after my 30th birthday, and three months before my only daughter turned 2 — I got a cold. Along with the cold, the...
View ArticleCredit Card Issuers Heading to Court
Three of the nation’s largest lenders now face two antitrust lawsuits related to charges of collusion. American Express, Discover Financial Services and Citigroup are accused of colluding to force...
View ArticleCredit Card Charge-Offs Hit Yet Another Low
As the economy continues to improve, many Americans find themselves in a better financial position and as a consequence continue to cut back on late payments made into their outstanding credit card...
View ArticleMore Housing Markets Getting Stronger in January
The national housing recovery seems as if it will continue this year, as many local real estate markets were shown to be improving at the start of 2013. The total number of housing markets that saw...
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