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Can You Afford More Debt?

While you might think a credit card or a loan is helping you "afford" to buy groceries, it's only postponing an inevitable financial crisis. According to Merriam Webster's dictionary, to afford something is "to manage to bear [it] without serious detriment." Before you take on...

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About.co...nagement — November 02

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Your Credit Card Just Isn't That Into You

Are your creditors trying to get rid of you? According to American Banking News, that could explain why they've been hiking interest rates to unbelievably high levels. After all, if your credit card companies wanted to keep you as a customer, they wouldn't hike your interest rates and slash your ...

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About.co...nagement — October 30

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Think Your Credit Report's Right? You Could Be Wrong

Don't take for granted that your credit report only contains accurate information or that errors will somehow correct themselves. It's up to you to check your credit report periodically to make sure it's right. Having an accurate credit report is important because lenders, landlords, utility s...

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About.co...nagement — October 29

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Connecticut Senator Moves to Freeze Credit Card Interest Rates

Senator Dodd of Connecticut introduced a piece of legislature that would stop credit card companies from increasing interest rates until the new credit card rules take effect, according to the Wall Street Journal. Since the new credit card law was approved in May, nearly every major credit card i...

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About.co...nagement — October 27

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Federal Reserve Chairman Says Moving Up Credit Card Rules Might Hurt Consumers

Congress is considering moving up the effective date of the new credit card rules from February 22, 2010 to December 1 this year. But, according to Boston Herald, Federal Reserve Chairman Ben S. Bernanke has warned Congress that moving up the rules could hurt consumers. Bernanke says it would be ...

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About.co...nagement — October 23

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7 Types of Loans

A loan is an amount of money that's given from one (the lender) to another person (the borrower) with an expectation of repayment. Loans are a type of debt. If you're not careful when you take out a loan, you could end up with one that's hard to repay, leaving you in debt. Learn more about the lo...

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About.co...nagement — October 22