Federal Help for the Housing Crisis
May 15, 2008
If you listen to the news, you already know that Federal and state legislators are trying to craft bills that will help struggling homeowners avoid foreclosure, help the overall sagging real estate market, and perhaps even prevent similar problems from happening in the future.
Credit Card Rates Continue to Spike
May 14, 2008
There has been, and currently still is, a lot of confusion on the part of consumers who have credit cards. The basis of the confusion is in the interest rates that are being charged or changed. Many times consumers have no idea why their rate is being increased. Here is some news on that front that may help consumers.
Car Loan Delinquencies Soar
May 13, 2008
The housing crisis gets a lot of press, but there is also problems brewing in the auto loan markets. Even though auto loans have fixed interest rates, as compared with adjustable mortgage rates on homes, many consumers are struggling to pay their auto loans on time. In many cases, they are discovering that have too much debt when it is all added up. This, of course, can lead to late payments.
What is the Foreclosure Prevention Act?
May 12, 2008
Homeowners may have heard of the Foreclosure Prevention Act that is being considered in Congress, but may not know what it is. In brief:
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.
The New Credit Score System
May 8, 2008
If you purchased your credit score from TransUnion lately or if you plan to do so soon, you will notice a change to the scoring system. In the past, you got a three digit number that ranged from 300 to 850. Now, you will get something different.
Foreclosure Sales Rising
May 7, 2008
It seems as if there has been nothing but bad news in the housing market lately. Perhaps, some good news is coming around. It appears that sales of foreclosed homes are rising.
Autos May Be Getting Safer
May 6, 2008
Automobiles may be getting safer and that could lead to lower automobile insurance premiums for some. Recent studies have shown that frontal and side impact crashes are seeing the best improvements in safety. Rear impacts remain a significant problem.
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.
Financing Your Annual Holiday with a Loan
May 4, 2008
Taking out a loan to help pay for your annual vacation is an idea that many people are now using to allow them to travel to fantastic vacation destinations. When you structure the payments over a twelve month period, you can have the loan paid off in a year and then be able to take out a new loan for the holiday the following year.