Young Adult Credit Knowledge
May 9, 2008
According to a recent survey conducted by JumpStart Coalition, high school students do not have a great understanding of personal finance or credit card usage issues.
Changes to FICO
May 5, 2008
You may have heard that the credit agencies such as TransUnion are chaning their credit score policy. Well, now it seems as if the old classic FICO is planning some changes as well.
Sneaky Wireless Billing Problems
April 17, 2008
Did you know that some third-party services are showing up on many wireless bills and the consumer has no idea what is happening? It is true and here is how this new expense works.
Consumer Fraud in the US
March 20, 2008
The numbers are in. According to the Federal Trade Commission, Napa, Ca. is the worst place in the US for identity fraud and theft. This result is according to numbers for the year 2007. During that year, Napa residents filed consumer complaints of over 300 per 100,000 residents.
Are Your Bank Accounts Safe?
February 21, 2008
The vast majority of people have their money deposited in FDIC insured banks, but a surprising large number of people have also deposited money into banks that are not insured by the Federal Deposit Insurance Corporation. For the most part, these are online banks.
Will Tax Rebates Work?
February 7, 2008
The issue: Congress is hoping the stimulus package will jump start the economy with consumers using the money to buy goods. The problem: Most consumers do not plan to spend the money of goods.
Consumer Confidence Takes a Nose Dive
January 16, 2008
Consumer confidence has never been lower, at least not since records have been kept. High energy bills, loss of jobs, and massive home foreclosures have eroded whatever confidence people had in the past and replaced it with concerns on the nation’s economy.
Paying for the Holidays
January 8, 2008
For those consumers who used their credit cards to pay for their holiday shopping, the bill man cometh. There is a tendency among some consumers to avoid opening that credit card statement when it hits the mailbox, but that could be a big mistake.
Fed Cuts Rate Again
December 20, 2007
In an attempt to thwart off a recession, the Federal Reserve cut a key interest rate on 11 December. This is the third such cut to come from the Federal Reserve in the past three months. The new rate stands at 4.25 percent which amounts to a reduction of one-quarter point over what it was the day before.
Heir Today Gone Tomorrow
December 10, 2007
The heirs of many affluent baby boomers, mostly the children and grandchildren of these wealthy boomers, may find themselves with less inheritance than both they and the general public may have imagined.