Wednesday, September 20th, 2017

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Personal Finance

Best Credit Cards for College Grads and Students

Odds are, you’ve been getting credit card offers since you turned 18, or even earlier. The credit card industry sent out 1.1 billion offers in the second quarter of 2010 alone, more than twice as many as they did in 2009. Despite dire predictions, the industry is far from failing. So what are the best […]

Best Apps for Saving Money and Staying out of Debt

VentureBeat recently ran an article naming the five best smartphone apps for entrepreneurs – and some of them are pretty good even if you’re not in business for yourself. The website’s number one pick should be everyone else’s, too: Google Voice, available for Android and iPhone OS, is a lifesaver for anyone who spends time […]

Set Yourself Realistic Goals

Life is driven by expectations as much as reality. A widely praised rookie entering his first major-league season has a far greater weight on his shoulders than a relative nobody. In the financial markets, a company’s absolute performance is often far less significant than its performance relative to expectations – a company that posts lower […]

California Leads Nation in Consumer Debt

The Golden State loses some of its luster in new figures from the New York Federal Reserve: The bank’s data show that California takes the top spot in the U.S. for consumer debt. California residents carried an average debt load of $78,000 in the second quarter of 2010, said the paper. The national average is […]

New Credit Cards Cut You Off – When You Want

"I’m sorry, ma’am. Your card has been declined," says the cashier. Your reply: "Excellent!" A confusing reaction? It will make sense soon, if you get a new MasterCard from Citigroup with the InControl service, described by the New York Times as a "financial chastity belt." InControl allows consumers to set their own limits on spending […]

Home Equity Loan Defaults Soar as Housing Values Drop

A sea change is under way in Americans’ debt habits: They are changing how they borrow, how they pay their loans, how they get out of debt and when they default. It used to be that smaller, revolving credit loans – like credit card debts – were the most likely to go unpaid. Now, it’s […]

Recessionary Economy Has Side Benefits for the Employed

A new report in the New York Times outlines one of the little-talked about phenomena of the recession that drained the U.S. of jobs and wealth in 2008 and 2009. For those in the worst-affected zones, the report finds, the damage has been severe and lasting. Heavy manufacturing regions, like Michigan, and those areas that […]

Student Loans Exceed Total Credit Card Debt

New figures from reveal that in aggregate, Americans owe more money in federal and private student loans than they do in revolving credit, reports the Wall Street Journal. The Federal Reserve says that Americans owe a total of $826.5 billion in revolving credit debt, most of which is on credit cards. Outstanding student loans, meanwhile, […]

Smartphones Could Take the Place of Credit Cards

A simple wave of an iPhone or a Droid might replace the old-fashioned swipe and sign ritual of credit cards, reports Bloomberg/BusinessWeek. AT&T, Verizon Wireless and T-Mobile have reportedly partnered with Discover Financial Services – the fourth-biggest payment network after MasterCard, Visa and American Express – to transform smartphones into mobile payment systems. Some early […]

New Illinois Law Slams Debt Settlement Firms

Illinois Governor Pat Quinn signed a law this week imposing strict new limits on debt settlement companies working in the state, with the aim of protecting residents trying to get out of debt from the more predatory practices of these firms. The Illinois law follows a Federal Trade Commission ruling that bans many of the […]