All

All

Is a Prepaid Debit Card Right For You?

Prepaid debit cards have become increasingly popular as credit markets tighten and consumers search for alternative ways to manage their budgets. While prepaid debit cards provide all the flexibility of paying with plastic, there are some major differences you must take into consideration.

Unlike traditional credit cards, prepaid debit cards require a cash deposit into an account, much like a deposit you would make to a regular checking or savings account. And when the money is spent, there's nothing more to spend until you make another cash deposit.

on Sun, 2009-05-10 17:00

Fed Says Fewer Banks Tighten Credit

Is the worst of the credit crunch behind us? According to an April study conducted by the Fed, which surveyed more than 75 domestic and foreign banks regarding their lending practices to businesses and consumers, there are some leading indicators that credit markets are beginning to loosen.

ABCs of Credit: What is Credit?

Nothing down, 24 monthly payments! Low, low 2.9% APR! We may not hear those words as much as we did in the past; however, we still live in world where we are constantly urged to buy things using credit.

But what is credit, and how does it really work? Simply stated, credit allows you to buy something now and pay for it later. Rather than paying at the time of purchase, you simply borrow the money from a creditor and pay for it over time.

on Sun, 2009-05-03 17:00

Can Social Security Benefits Be Garnished?

Unless you owe Uncle Sam taxes or are behind on alimony or child support payments, your social security benefits cannot be garnished. So, if you've recently lost your job and are worried about your social security payments falling victim to the debt collectors as well, you can rest assured that won't happen.

on Sun, 2009-05-03 17:00

Young Money Fights for Financial Literacy

youngmoney-logo1

Our friends over at YoungMoney.com are taking great strides to further promote financial literacy among young adults. As part of a recently announced Financial Literacy Program, Young Money is partnering with multiple universities and businesses to deliver co-branded magazines, both online and offline, to students and young employees.

Obama Calls for Credit Card Reform

President Obama has already made transparency a key theme for his administration, and it's clear he expects the same from leading companies in the credit card industry. Sitting at a long table surrounded by key executives from corporations such as American Express, Bank of America, Citigroup, and Capital One, Obama stated, "No more fine print, no more confusing terms and conditions. We want clarity and transparency from here on out" (). Has the moment finally come?

I Paid My Tax Lien - Why is it Still on My Credit Report?

The IRS has 30 days, according to its own rules, to release a tax lien once you pay or settle the debt. However, in reality this is something that is often overlooked. Unaware consumers may go for years before they notice the pesky tax lien still living on their credit reports as unpaid.

on Sun, 2009-04-26 17:00

Credit Card Execs Prepare for Obama Beat Down

The Obama administration has been largely silent about the credit card holder bill of rights since last year's presidential campaign. However, a meeting scheduled for today with key executives from 14 major credit issuers suggests Obama is finally gearing up for an extended beat down that will have lasting effects on how credit card companies do business.

Enter to Win $500 from Creditnet.com!

creditnet_logo_xlarge

According to a study published by Nellie Mae (2005), 56% of undergraduate freshman obtain their first credit card at age 18. Unfortunately, most fail to receive any education about how credit works or what it takes to build a solid credit history after the card arrives in the mail

Collection Accounts Linger for 7 Years

It's a common misconception among consumers that paying off a collection account will make it disappear from their credit report. However, the truth is a collection remains on your credit report for seven years from the date the account went into serious delinquent status. This date is often pegged as the first 180-day late payment on record.

on Sun, 2009-04-19 17:00

Pages