Tag Archives: get out of debt
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 […]
The last thing a consumer needs when struggling financially is to fall into the hands of an unscrupulous credit counseling agency. If you’re considering using a credit counselor, shop around, and ask each agency the following questions. More importantly, be certain that you are comfortable with their answers before you book that first appointment. A […]
One of the most prudent financial decisions you can make is to pay your student loans early. Compound interest is a powerful force when it’s working with you – and equally powerful when it’s not on your side. However, it pays to be careful when putting extra money toward your loans. The way most programs […]
If there’s one lesson the recession may have taught you, it’s that avoiding credit may be one of the best courses of action. The urge to take out a card and buy whatever you want is pretty easy, especially before that bill comes in the mail at the end of the month. Many people may […]
From telling you the best spots to eat, to downloading the latest music, Apple’s iPhone has a whole mess of applications available. While a lot of these may be centered on entertainment or just getting around, there are others that could help you navigate the world of personal finance. Recently, Bankrate.com highlighted some of the […]
New credit card regulations from the government may have already affected young people, and the Federal Reserve Board announced new rules recently that affect these accounts. According to the central bank, credit card companies will have to review interest rate increases made since January 1, 2009. If the causes of these interest rate rises have […]
The idea of having financial difficulties may be a foreign notion for some younger consumers, especially those who have just graduated from college and have their whole lives ahead of them. However, the recession found many people – both young and old – having difficulties with trying to get out of debt, so much so […]
Here’s how Generation Y became Generation Debt, and how they can turn things around.
Can I get these accounts removed from my credit report?