Consumers in Minnesota have recently been victimized because of incorrect information about their debt. Debt collectors across Minnesota have been sending out letters informing consumers that they owe thousands in credit card debt and other late payments. According to a report in the Minneapolis Star-Tribune, a number of these letters are based on inaccurate information. […]
Consumers will, at some point in their lives, pile up some amount of debt. Between mortgages, car loans, student loans and credit card debt, keeping track of payments can quickly spiral out of control without the proper know-how. According to a report in the Atlanta Journal-Constitution, consumers can succumb to the dangers of credit card […]
Thanks to one change the financial reform bill picked up in committee, it may now end up dead. The financial reform bill has been seriously imperiled by the addition of $19 billion in bank levies while the bill was being hammered out in committee. According to a report from Business Insider, Massachusetts Senator Scott Brown […]
As the economy has recovered in recent months, more Americans are getting more money to pay back some of the debt they’ve incurred over the last year or two. According to a new study conducted by the consumer website BillShrink, 67 percent of the 220,000 people surveyed said they are payingoff their credit card balance […]
Most college students have credit cards these days, and may be more likely to pile up lots of debt than most other consumers. That’s why it’s important for parents to teach their kids about good credit habits that they have learned through years of trial and error. According to the consumer advice website Mint Life, […]
Consumers often have a number of bills to worry about, and with debt mounting, they can become confused as to just what they should pay down first. According to a report on National Public Radio’s website, there are two schools of thought on which debt consumers should attempt to lower first. Mathematically, it probably makes […]
Consumers spent more in May than in April, thanks in part to a rise in average income and low prices. The latest report from the Commerce Department, which tracks consumer spending on a month-to-month basis, found that Americans spent 0.2 percent more than they did last month after holding steady between March and April. Incomes […]
Many consumers across the country often wonder how they can improve their credit while reducing their credit card debt. This can be a confusing process, because many consumers are unsure whether paying off their credit card debt will actually help or hurt their credit score. A new report from the Washington Post says that consumers […]
A proposal backed by advocates for homeowners as well as many leading Democrats nearly force the country’s bankruptcy laws to be completely rewritten. A potential change to bankruptcy law, known as a “mortgagecramdown,” would have allowed judges to change the terms of mortgages for distressed homeowners who wound up in bankruptcy court, according to a […]
Many consumers have had their credit hurt badly by the financial crisis, but some are now trying to climb out of the hole. Fortunately, there are a number of steps to ease the process, especially for those who have faced foreclosure. According to the Epoch Times, there are several steps tofixing their financial situation. The […]