Overcoming Destroyed Credit History Focus of Consumers

The consumer credit market all but came to a standstill for months over the last year. But even worse is the fact that many consumers watched their credit histories destroyed after years of timely payments. Rising foreclosures, and credit card and loan delinquencies, have created many black marks on credit reports that will haunt consumers for many years. [Read more]

New York Senator Schumer Tries to Make “Free” Credit Reports Free

Most people can sing along with the commercials about free credit reports. These commercials are entertaining and funny, but are they offering an honest product? New York Senator Charles E. Schumer doesn’t think so. He believes these ads are the equivalent of scams and wants to do something about it. [Read more]

Credit Reporting Rules Are Changing

The word “credit” is being tossed around constantly these days, and it has everything to do with the recent credit crunch and new legislation regarding credit cards. The Credit CARD Act of 2009 has a lot of provisions regarding what credit card companies are going to be allowed to do in the future, but there is also a sneaky little addendum regarding credit reports. [Read more]

Good Credit Not So Good?

In a shocking turn of events, credit card companies have recently concocted a new scheme to make more money. Unlike in the past, when credit card companies could rely on a small percentage of their customers to pay a lot of interest for their profit, there are now too many customers who cannot pay anymore. The credit card companies are suddenly owed way too much, and they have lost billions as a result of the economy. [Read more]

Don’t Become a Ponzi Scheme Victim Through Online Fraud

It’s really difficult not to dredge up the old saying, “There’s a sucker born every minute!” Almost everyone has heard it, but do they pay attention? Apparently not because there is a whole industry of Ponzi schemes that is thriving even after Bernard Madoff was sent to prison. [Read more]

Government Struggles To Keep Loan Rates Affordable

The good news for many Americans is that now may be one of the best times to borrow money for a house, car, or small business. [Read more]

Homebuyers Urged Not To Spend Money

Many first-time homebuyers are working hard to get under contract and close on a house so they can take advantage of the tax credit before the November 30 deadline. [Read more]

The Ways Americans Are Dealing With Inflation

Inflation strikes American consumers in variety of ways, never in the same way and never the same level. This means that you will have to develop your own strategy for dealing with inflation. It may be that you will have to adjust your budget to compensation for price changes, and make decisions that lower your risks. [Read more]

Wall Street Blamed For Collapsing Businesses

More than a year has passed since investment banks stopped supporting the once lauded auction-rate securities. During that time, a number of well-known businesses like Teva Pharmaceutical Industries and Texas Instruments have more than doubled their write-downs on debt to a staggering $4.8 billion. [Read more]

Little Change Evident In Treasuries Rates

There looks to be very little change in the rates on Treasury notes even after Fed Chairman Ben Bernanke announced that interests would be kept close to zero for the foreseeable future and the government intended to sell $115 billion in note – a record number. [Read more]

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