Tuesday, March 7th, 2017

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Personal Finance

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 […]

Credit Card Terms Change, but Rewards Seem Untouched

Some watchers of the credit card industry predicted dire consequences if Congress passed the financial reform bill, claiming that issuers would recoup their losses by changing fees, charging more for issuing cards and cutting back on rewards. While the first two predictions appear to have been borne out, it seems that credit card companies aren’t […]

Meet the New Card, Same as the Old Card

You didn’t think it was going to be that easy, did you? The Credit Card Accountability, Responsibility and Disclosure Act of 2009 took a wrecking ball to some of the more frustrating practices of the credit-card industry in an effort to help Americans trying to stay and get out of debt. Some estimates put the […]

New FTC Rule Protects Consumers from Debt Relief Practices

The Federal Trade Commission issued its final rule on debt relief firms Thursday, banning those that engage in telemarketing from collecting advance fees from customers. The rule will come into effect in October of this year, and it should help protect consumers who are trying to get out of debt from some of the industry’s […]

New FTC Rules Crack Down on Get Out of Debt Schemers

The Federal Trade Commission revealed a new rule that will ban some types of fees charged by for-profit debt relief companies, reports the Wall Street Journal. As part of the newly signed financial reform bill, the federal government is cracking down on an industry built around helping, but sometimes exploiting, people struggling to get out […]

As You Move, Consider Your Commuting Costs

When planning a move, the number of considerations you need to make can feel overwhelming. Renting or purchasing, monthly costs, utilities, roommates, furnishings, even neighbors – all of these play a role. But the old rule of realtors remains the most important: Location, location, location. It’s more than just a nice view or a neighborhood […]

Use Cash to Get Out of Debt

It may sound a bit counterintuitive, but keeping some greenbacks on you can help you stay or get out of debt. Psychological studies have proven that spending on plastic just doesn’t feel "as real" as handing over a crisp new bill – or a wad of them. Here’s a strategy that may work for some […]

Are more Americans finding ways to pay off their credit card debts?

A new report finds that for the third straight month credit card charge offs have fallen, which might be good news for Americans looking to get out of debt. According to the June credit card report from credit-rating agency Moody’s, credit card charge offs – those debts credit card companies deem as uncollectable – fell […]

New Department of Education Policy Could Hit For-Profit Colleges

Anyone who has watched television, particularly during weekday hours, or who has taken public transportation, is familiar with the advertisements of for-profit colleges. The University of Phoenix – most of its students are actually online – ITT Technical Institute, DeVry University and others offer salvation to the unemployed or frustrated, those trying to get out […]

A Helpful Guide to International Tipping

The custom of tipping is fraught with anxiety and cultural differences. It’s easy to get confused and inadvertently offend your hosts, guests or servers when you adopt the wrong tipping customs, whether it’s European tourists failing to leave more than a few dollars at a five-star restaurant in New York City or an American traveler […]