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What Happens To Debt When You Die? | Posted 09.16.2016 | Fifty

By Jocelyn Baird, Though it isn’t a topic many people like to talk about, we’re all going to die someday, and making preparations ...

The U.S. Auto Loan Debt Market is Reminiscent of the Subprime Mortgage Bubble

Allan Smith | Posted 09.08.2016 | Business
Allan Smith

Image credit: Auto loan The subprime debt market is getting hot again. Consumers typically believe that in order to get a loan, such as one for a new...

Household Debt Surpasses $90,000

MoneyTips | Posted 05.23.2016 | Business

A recent study shows that the average U.S. household debt has now passed the $90,000 mark, which includes household that are debt free.

Friday Talking Points -- A Knee-Jerk Week

Chris Weigant | Posted 11.20.2016 | Politics
Chris Weigant

Republicans, of course, do the whole fear thing very well. Democrats cannot hope to ever stoke the public's fear as effectively as Republicans. But this week it was on display more than usual, because there are still 14 Republicans running for their party's presidential nomination.

Why 65 Dems Are Trying To Strip Financial Safeguards For People Of Color

The Huffington Post | Zach Carter | Posted 11.17.2015 | Politics

WASHINGTON -- Progressive Democrats are scrambling to prevent their colleagues from supporting a bill that would pave the way for racial discriminatio...

Hunter Stuart

Used Car Dealership Hit With $8 Million Fine For Allegedly Harassing Customers | Hunter Stuart | Posted 11.21.2014 | Business

Elizabeth Warren's brainchild watchdog agency is cracking down for the first time on a used car dealer that also acted as an auto lender for allegedly...

How He Paid Off $26,500 In Debt In Two Years

Posted 01.09.2013 | College

To college graduates saddled with student debt, reaching a day when they don't have to make a monthly payment may seem far off, especially since U.S. ...

The State of Lending: Progress & More Work

Ellen Schloemer | Posted 02.09.2013 | Money
Ellen Schloemer

This week, the organization I work for -- the Center for Responsible Lending (CRL) -- will release the first in a series of reports on the prevalence ...

Master the Five Factors That Feed FICO This Fall

Jeanne Kelly | Posted 09.04.2012 | Money
Jeanne Kelly

If your credit score has taken a summer vacation, it's time to make some commitments to yourself to make some changes there, too.

Delinquencies Fall

Reuters | Posted 09.02.2012 | Money

* ABA says Q1 delinquencies fell in 10 of 11 categories * Home equity lines of credit saw uptick in delinquencies * ABA ...

NOBAR: Could It End the Credit Gap and Get Banks Lending Again?

Adam Levin | Posted 06.22.2012 | Money
Adam Levin

I propose the creation of a new banking industry initiative called NOBAR (Nonstandard Borrowers Alternative Resource). Its mission is to help responsible individuals with bad credit scores -- where reasonable and appropriate -- secure a new mortgage or refi.

The Seven Deadly Sins Of Credit (And How To Avoid Them)

LearnVest | Posted 08.04.2012 | Money

There are a number of "sins" we can commit against our credit scores that can hurt ourselves, and others, in the long run.

Catherine New

How This Man's Gambling Saves Money | Catherine New | Posted 06.04.2012 | Money

They say it's not addictive. But every morning, David Chen and Shelly Robertson enter a $2 million jackpot. Unlike MegaMillions, they are not spen...

Inequality's Rising, But It's Not The Kind You Think

The Huffington Post | Alexander Eichler | Posted 05.02.2012 | Business

There's a gap between America's richest citizens and everybody else. And that gap has been growing larger for years. No, it's not income inequality...

Loren Berlin

Man Duped by Car Loan Scam Tells His Story | Loren Berlin | Posted 04.05.2012 | Money

Scott Zane, 42, was desperate the day he contacted Hope for Car Owners. It was the summer of 2010, and the Orlando, Fla.-based IT specialist had recen...

Loren Berlin

Feds Crack Down On Auto Loan Scammers | Loren Berlin | Posted 04.05.2012 | Money

Car owners, beware. Fraudsters have launched a new scam in which they offer to help struggling car owners rework the terms of their car loans, only to...

Dave Jamieson

Driven To Violence: Are Big Banks To Blame For Repossessions Gone Wrong? | Dave Jamieson | Posted 03.22.2012 | Business

As auto repossessions go, the case of the 2004 Dodge Ram looked to be an easy one. The assignment was what industry insiders call a "voluntary repo," ...

The Big Problem Burdening Twenty-Somethings

The Huffington Post | Jillian Berman | Posted 03.22.2012 | Business

Many twenty-somethings are carrying around a huge burden. And no, it's not the regret of last weekend's hook-up. Twenty-somethings are holding $45,...

Mark Gongloff

Consumer Borrowing Spree May Not Be Healthiest Economic Sign | Mark Gongloff | Posted 02.07.2012 | Business

Consumer credit posted a second straight eye-popping monthly gain in December, according to a new Fed report, which some are taking as a sign of a new...

Consumer Delinquencies Fell To Pre-Recession Levels Last Quarter

Reuters | Posted 03.05.2012 | Business

WASHINGTON, Jan 4 (Reuters) - More consumers made their home equity loan payments on time in the third quarter of 2011 and a broad measure of consum...

'Buy Here Pay Here' Packages, Sells Subprime Auto Loans To Investors

Posted 01.01.2012 | Business

Auto loan financiers are beginning to adopt a practice from the housing industry that many say played a significant role in the meltdown of the housin...

Tyler Kingkade

House GOP Seeks Cuts To Auto Industry To Pay For Disaster Relief Funds | Tyler Kingkade | Posted 11.15.2011 | Politics

WASHINGTON -- House Republicans rolled out their plan to fund disaster relief in Majority Leader Eric Cantor's (R-Va.) district, but at the cost of al...

Understanding & Improving Your Credit FICO Score

Jeanne Kelly | Posted 08.04.2011 | Business
Jeanne Kelly

We have to begin by understanding that most lenders look at your FICO score to decline or approve you.

Speed Coaching: Ready, Set, Go!

Jeanne Kelly | Posted 08.02.2011 | Business
Jeanne Kelly

Growth is necessary for business success. 2011 is the year to move forward out of the past into a bright future for your business.

Predatory Tactics Still Plague Auto Loans

iWatch News | David Heath | Posted 06.12.2011 | Business

After the financial crisis exposed the devastation caused by predatory lending, state and federal authorities vowed to protect consumers from practice...