Category Archives: finance

Top banks accused of colluding on ATM fees

Posted on October 19, 2011 by Roland Kedikian

A New Jersey man sued Bank of America, JPMorgan Chase and Wells Fargo on Wednesday on behalf of ATM users, accusing the banks of colluding to fix the fees they charge customers to withdraw money. The lawsuit, filed in federal … Continue reading →

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Credit card late payments back on the rise

Posted on October 19, 2011 by Roland Kedikian

NEW YORK (CNNMoney) — After a couple years of buckling down and making on-time payments, consumers are starting to be a tad less responsible with their credit cards again. Some of the country’s major credit card issuers posted small increases … Continue reading →

Posted in Bankruptcy, credit, Credit Cards, credit report, credit score, debit card, finance | Comments Off

How The Credit CARD Act Impacts Finances

Posted on October 10, 2011 by Roland Kedikian

As you may know, the Credit Card Accountability Responsibility and Disclosure (CARD) Act came into effect in May 2009. The Credit CARD Act was designed to protect consumers from predatory credit card issuers. The act has had many positive effects, … Continue reading →

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More College Grads Defaulting on Student Loans, Filing Bankruptcy

Posted on October 3, 2011 by Roland Kedikian

As the cost of education continues to rise, the loan burden on borrowers post-graduation is taking its toll. According to recent reports, student loan defaults are on the rise, as are the number of college graduates filing for bankruptcy. According … Continue reading →

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Top 5 Ways To Make Your Credit Card Work For You

Posted on October 1, 2011 by Roland Kedikian

The best investors know that either they work for their money or their money works for them. The reality for most consumers is that they have to work for most of their money, but that doesn’t mean that having the … Continue reading →

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Bank of America to charge debit card use fee

Posted on September 30, 2011 by Roland Kedikian

CHARLOTTE (Reuters) – Bank of America Corp plans to charge customers who use their debit cards to make purchases a $5 monthly fee beginning early next year, joining other banks scrambling for new sources of revenue. U.S. banks have been … Continue reading →

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The 7 Commandments of Credit Card Interest

Posted on September 28, 2011 by Roland Kedikian

High credit card interest charges can take a significant bite out of your hard-earned money. To protect yourself, follow these seven commandments of credit card interest: 1. Know your APRs. Most people are familiar with a credit card’s purchase APR, … Continue reading →

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The Secret to Living Well on $40,000 a Year

Posted on September 26, 2011 by Roland Kedikian

As Washington politicians debate whether earning $250,000 a year makes a family rich, special education teacher Danny Kofke has come up with a much lower threshold for wealth: The father of two says that his family of four can live … Continue reading →

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