Category: Education
Some Bank Fees Drop As The Result Of CARD Act, Others Of Course Increase To Make Up The Loss
The CARD Act is now in place and providing important protections for credit cardholders. Consumers are saving millions of dollars through some of these provisions, such as the elimination of over the limit fees and the restrictions on interest rate hikes during the first year of an account. Credit card companies have had to find [...]
How To Protect Against ID Theft
Thanks to Consumer Reports for its effective suggestions on how to diminish ID theft. I will start with my personal recommendation, which may be counterintuitive for those who don’t trust the Internet to do on-line banking. Use on-line banking to pay your bills. Its free (nothing is really free but most banks offer it as [...]
Studen Loan Debt Larger Than Credit Card Debt
Americans owe some $826.5 billion in revolving credit, according to June 2010 figures from the Federal Reserve. (Most of revolving credit is credit-card debt.) Student loans outstanding today – both federal and private – total some $829.785 billion, according to Mark Kantrowitz, publisher of FinAid.org and FastWeb.com. A consumer who juggles both credit-card and student-loan [...]
Capital One And BofA Have Clearest Credit Card Info
Today CardHub.com released a study that evaluated how up front credit card applications are without reading the fine print. Since most consumers have neither the time nor patience to read pricing disclosures, CardHub.com determined what percentage of key information, such as APRs, fees, and rewards programs, could be gathered without reading the fine print or [...]
Financially Preparing Your Child for College
It is almost time for your high school graduate to leave for college. Talking with your son or daughter about budgets, credit cards, and the dangers of debt should be part of the preparation in sending them off into a life on their own. “Credit cards represent freedom and independence for college students, especially that [...]
Picking A College, A Primer With Tons Of Great Tips
My friend and former collegue when we both worked at The Courant, Ed LaFreniere has written a guide to help narrow your search for college. It is an issue that we will come back to many times as I believe educating our your is crucial. I also believe that we waste a lot of money [...]
BOOK REVIEW: Dave Lieber’s Watchdog Nation
Book reviewer Maggie Dwyer writes that since she has turned to the award-winning book, Dave Lieber’s Watchdog Nation: Bite Back When Businesses and Scammers Do You Wrong, ”I have changed my phone company, my electric company, and my Internet service. In those few acts alone, I’ve paid for the book several times over.” In this review, she gives many examples about how this book has changed her life and those of her friends for the better. She’s a true citizen of Watchdog Nation!
Solid Financial Advice For Recent Graduates
Recent Graduates Need Financial Advice Millions of graduates are beginning life on their own, earning their own salary and paying their own bills. This is not an easy transition, and many young people are unprepared for this financial freedom. Parents should give a real-life course in money management to prepare their graduates for financial independence. [...]
Personal Finance Advisor: 2010 Is A Good Year To Hire One
If there is ever a year to hire a personal financial counselor it is 2010. This is the year that Congress is letting everyone – no matter how high your income – to transfer your IRA into a Roth IRA, which has many advantages and some disadvantages. This is the year that you will want [...]
Credit Cards: Look At Credit Card Bills Carefully For New Useful Information
Consumers will soon receive their first credit card bill since last week’s implementation of the CARD Act and their statement will look very different. “The new debt information on your credit card statement is one of the best provisions of the CARD Act and it will benefit every cardholder,” says Bill Hardekopf, CEO of LowCards.com [...]
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