If you’re a Bank of America customer, your dander will definitely rise within seconds. The North Carolina-based bank said it could begin charging customers who miss a payment on their credit cards a higher penalty interest rate on future purchases, according to a recently published report. The Wall Street Journal reports that Bank of America […]
Having a good credit score is incredibly important, especially if you’re looking to borrow money for a car loan or mortgage, among other things. During the recession, the credit scores of many Americans were hurt by their failure to pay the principal on loans they had. As the economy recovers and consumer spending improves, there […]
Choosing the right checking account is like selecting a wedding gift for your best friend; the number of choices can be overwhelming. Sometimes the differences between accounts are subtle, other times accounts vary in more noticeable ways that impact your time and finances. There are financial institutions in your hometown where you and your family […]
Imagine that you’re a loan officer at the local bank. Two customers, Mr. Rich and Mr. Buck, come in to borrow money. You check Mr. Rich’s history; he has an excellent credit score, 800. Mr. Buck’s score is an embarrassingly low 300. To whom should you lend money? Mr. Buck’s low credit score indicates that […]
Many young people will probably opt to rent for a while before jumping into home ownership. And before they buy their first place, there are number of things they should probably consider. According to the American Bankers Association, one of the first concerns should be whether a person can even afford the payments associated with […]
The Nigerian email scam and others
It’s hard to feel thankful when you’re flat broke and unemployed.
Filling out a basic tax form & the difference between deductions, deferrals, and credits.
Should Washington pump money into broken banks?