The Credit CARD Act brings certain protections to credit card users. However, once you start weeding through the new contract language, loopholes will be discovered. Now is the time to point out what the most important credit card regulation laws can and cannot do for credit card users. Law #1: Credit card companies must send [...]

Consumer Reports recently covered a story about how settlement companies – hired by an individual to negotiate credit debts and lower what is owed the lenders – are not delivering debtors a good enough deal. In many cases, these companies are ruining a person’s good credit and even breaking laws with their practices. Is debt [...]

When the economic collapse hit, did you feel as if the sturdy boat you were in suddenly capsized? If so, you are experiencing negative equity. In the real estate market, it is more commonly referred to as being upside down on your mortgage. And the negative equity waters are still rising. Homeowners with upside down [...]

Looking for money lessons that align best with your family values? It isn’t always easy to see the world through our children’s eyes, a world that is filled with technology and advertising at their every turn and growth spurt. When attempting to communicate the importance of sound personal finance, how do parents provide incentives and [...]

Thinking of taking your financial future in your own hands through day trading stocks? Aside of knowing your dividend from your index, you need patience, courage and some start-up cash to really get started. Plus some sound advice from stocks that have failed. A good stock comes from a company able to pay reasonable dividends [...]

Revolving debtors are out. Prime borrowers are in. Credit card companies are after the FICO elite showcasing scores at 750 or higher. Even creditors with a subprime status of at least 700 will catch the eyes of lenders. As banks become disinterested in lower class chargers, what are the trademarks of the credit card elite? [...]