Category Archives: money

New rules would help underwater homeowners refinance

Posted on October 25, 2011 by Roland Kedikian

Almost 1 million more homeowners over the next two years might be able to refinance their mortgages and save hundreds of dollars a month under the Obama Administration’s latest fix to one of its underused foreclosure prevention programs. The changes … Continue reading →

Posted in interest rates, lending, money, Mortgage, Mortgage Relief | Comments Off

Bank Fees May Be Here To Stay

Posted on October 20, 2011 by Roland Kedikian

Higher bank fees are here to stay. The latest third-quarter earnings reports from this week confirm that banks are struggling to make money the old-fashioned way, by lending money to consumers and businesses. The main reason: interest rates are at … Continue reading →

Posted in banking, debit card, fees, money | Comments Off

Student Loan Debt To Exceed $1 Trillion This Year

Posted on October 20, 2011 by Roland Kedikian

The $1 trillion of outstanding loans means that Americans now owe more on student loans than on their credit cards. While students have been racking up educational loans, American consumers have been paying down credit cards and home loans. The … Continue reading →

Posted in college, consumer, consumer bankruptcy, lending, money, Student Loans | 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 →

Posted in credit, Credit Cards, credit report, debit card, finance, improve credit, interest rates, money | Comments Off

JPMorgan, BofA sued over mortgage debt losses

Posted on October 1, 2011 by Roland Kedikian

JPMorgan Chase & Co and Bank of America Corp were hit with new lawsuits by investors claiming losses on $4.5 billion of soured mortgage debt, adding to litigation targeting the two largest U.S. banks. The plaintiff Sealink Funding Ltd said … Continue reading →

Posted in money, Mortgage, Mortgage Scam | Comments Off

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 →

Posted in credit, Credit Cards, credit report, credit score, debit card, finance, interest rates, money | Comments Off

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 →

Posted in credit, Credit Cards, credit report, credit score, finance, money | Comments Off

Mortgage Relief Scams Proliferate After Recession

Posted on September 26, 2011 by Roland Kedikian

From the looks of the mortgage relief companies Christopher Mallett has marketed in recent years, offering lower payments and new loan terms to troubled homeowners, one might easily get the impression that he has the backing of the federal government … Continue reading →

Posted in Forclosure, money, Mortgage, Mortgage Relief, Mortgage Scam | Comments Off

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 →

Posted in budget, credit, finance, money | Comments Off