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Credit Card Debt

College Debt Has a Female Face

Martha Burk | Posted 07.17.2013 | Politics
Martha Burk

Maybe it's time for a '60s-style student uprising -- but this time instead of occupying college hallways, they ought to occupy the halls of a Congress that favors big banks over struggling students.

Who Is to Blame for the Nation's Crippling Credit Card Debt?

Jeff Hindenach | Posted 07.17.2013 | Business
Jeff Hindenach

The nation has crippling credit card debt to the tune of almost $800 billion. This is obviously not a minor problem, but a financial epidemic. Americans are paying so much in fees and penalties each year that we may never dig ourselves out.

Does Rate Shopping Hurt Your Credit? An Interview With the Experts (Part 2)

Jeanne Kelly | Posted 05.04.2013 | Business
Jeanne Kelly

Consumers face a "catch-22" situation when it comes to loans. On the one hand, it's important to shop around to get the lowest interest rate you can. On the other hand, there's the perception out there that shopping around for loans too much will hurt your credit.

My Dad Passed Away -- Does My Mom Have to Pay His Credit Card Debt?

Steve Rhode | Posted 06.30.2013 | Business
Steve Rhode

My dad recently passed away. He had one credit card in his name, with mom as an authorized user. Balance on the card is approx 10K. Is mom responsible for the credit card bill? What should she tell them?

Don't Let Debt Ruin Your Retirement!

Virginia Sullivan | Posted 06.28.2013 | Fifty
Virginia Sullivan

I opened my credit card bill today. Yikes! It's almost $10,000. I'm stunned. How did I let it get so out of hand? I should know better. I'm in the ban...

Tips and Traps for Using Credit Cards to Improve Credit

Jeanne Kelly | Posted 04.12.2013 | Business
Jeanne Kelly

If you are a regular reader of my blog, you'll know that one of the steps I recommend to rebuilding credit is to use credit cards. It's a smart, easy way to wisely develop good credit history -- but emphasis is on "wisely."

6 Financial Necessities for New College Grads

Tim Chen | Posted 06.11.2013 | College
Tim Chen

Now is the perfect time for graduating students to think about getting their finances in order for summer and beyond. Regardless of their financial situation, each college graduate needs to utilize the same basic tools to set themselves up for long-term financial success.

Billions in New Credit Card Debt Represents Clear Impetus for Change

Odysseas Papadimitriou | Posted 06.06.2013 | Business
Odysseas Papadimitriou

Responsible credit card use is a recipe for saving money, considering the lucrative rewards, 0 percent rates, and fraud protections that are available. The thing is, of all the words in that sentence, "responsible" is both the most important and the most likely to be ignored.

STUDY: Facebook Use Affects BMI And Credit Card Debt

The Huffington Post | Christina Huffington | Posted 03.20.2013 | Women

Social commentators have issued warning after warning that social media use can be detrimental to self-esteem. A recent paper out of the University o...

Top Five Money Mistakes Parents Make With Their Kids

Neale Godfrey | Posted 05.19.2013 | Parents
Neale Godfrey

We want "kids to be kids," so money seems like a grown up topic that we can put off. It's easy to send messages that confuse our kids and harm the family's financial health -- but, you can change that.

Refinancings Come Into Focus

Lita Smith-Mines | Posted 05.11.2013 | New York
Lita Smith-Mines

If we're looking for an economic rising tide to carry all our boats, I don't see it locally just yet. I see the holes in leaking vessels being plugged, while those onboard are still carrying excess weight.

Romance and Credit Scores... Can the Two Co-Exist?

Jeanne Kelly | Posted 03.05.2013 | Business
Jeanne Kelly

Credit scores are based on how someone has historically handled credit. So although they won't be a perfect indicator of whether your new partner will be a good partner, a credit score can hint at their ability to manage responsibility, and whether they have habits that can hinder the relationship.

How Young Is Too Young for Your Kid to Have a Credit Card?

Jeff Hindenach | Posted 05.04.2013 | Parents
Jeff Hindenach

Teaching your kids how to properly utilize a credit card at an early age can not only help them learn about responsible spending and the consequences of extreme consumption, but it will also help them build a solid credit score for when they enter the real world.

Why Our Country Is So Bad at Using Credit Cards and How We Can Fix It

Jeff Hindenach | Posted 04.30.2013 | Business
Jeff Hindenach

Face it, America, we are not being very smart about our credit. We are paying billions in penalty fees. We are spending more money than we make. We don't even know our own interest rates or credit scores. And the country as a whole is almost a trillion dollars in credit card debt.

This Group Of Americans Is Steering Clear Of Debt

Reuters | Posted 04.24.2013 | Business

By Heather Struck NEW YORK, Feb 21 (Reuters) - The recession had a strong impact on young Americans who saw the credit crisis up close...

Top Myths That Keep People From High Credit Scores

Jeanne Kelly | Posted 02.20.2013 | Business
Jeanne Kelly

There are a lot of ideas and myths about good credit and higher credit scores but they aren't all true or helpful. As a result, many people know the importance of high credit scores but they aren't necessarily achieving that goal.

When Dating, Debt Ranks With Criminal History

LearnVest | Posted 04.22.2013 | Women

Tall, dark, handsome... and debt-free? The modern dater includes fiscal responsibility in his or her list of criteria -- and women are especially picky.

Why Are Boomers Facing So Much Credit-Card Debt?

Reuters | Chris Taylor | Posted 04.24.2013 | Fifty

(Reuters) - Sandy Harsh never expected to find herself with $16,800 in credit-card debt and her retirement dreams drifting farther away. Harsh, an ...

Positive Sign For The Economy?

Reuters | Posted 04.09.2013 | Business

WASHINGTON, Feb 7 (Reuters) - U.S. consumer borrowing rose in December, a hopeful sign for the strength of the economy although debt taken on throug...

The 4 Biggest Money Mistakes Parents Make

Beth Kobliner | Posted 04.01.2013 | Business
Beth Kobliner

We as parents bring a lot of baggage and emotion into the topic of money, and we can quickly feel guilty or embarrassed by what we did and didn't teach our children. It's important to keep in mind that there often aren't clear-cut right answers.

Seek a Balance Between Consuming and Creating

Robert Pagliarini | Posted 03.30.2013 | Business
Robert Pagliarini

That bloated sensation you feel isn't just from the excess eggnog and stuffing you ate over the holidays. It's far worse. It's actually the end, not the beginning, of each January that's the most important time of the year.

Credit Fitness for 2013

Jeanne Kelly | Posted 01.23.2013 | Business
Jeanne Kelly

It's the new year. It's time for a new you. Remember that your credit health is equally as important so make sure you create and follow through on resolutions for healthier credit.

Study: Younger Generation Could Be Paying Credit Debt Until They Die

Jeff Hindenach | Posted 03.18.2013 | Business
Jeff Hindenach

A new study released on Monday shows that the younger generation will take longer to pay off this debt, and projects that many will continue to add credit card debt into their 70s.

Why Grandma Owes More on Her Credit Cards Than You Do

Amy Traub | Posted 03.17.2013 | Business
Amy Traub

In fact, Americans age 75 and older are the only group in our survey for which credit card debt actually increased over this time period. Why? The Greatest Generation didn't suddenly become recklessly spendthrift and go wild on eBay.

Times Are Tough for Many Consumers

Bill Bartmann | Posted 03.11.2013 | Business
Bill Bartmann

I suggest putting a freeze on those debt collector lawsuits until unemployment falls to some more reasonable level -- 6 percent. That would give millions of Americans the breathing space to get back to work -- and then they can catch up on all those old past due debts.