There's been numerous news headlines and talk in the personal finance realm recently about the new FICO scoring system and I've been getting lots of q...
From my point in life I think that's a lot like everyone lining up to smack themselves in the face with a bat because they never saw the outcome of others doing that. People in debt suffer in silence but seem condemned to learn all the same lessons all over for the first time.
The IMF's concern is hardly surprising because if the New York court decision becomes generally accepted legal practice, many countries face financial disaster now or in the future.
Need cash fast? You aren't alone. Many people find themselves in a bind with payday looming far ahead. Payday loan services offer the cash you need right away. However, it is important not to let the allure of fast money get in the way of your common sense.
Problem: Your right-wing brother-in-law is plugged into the FOX-Limbaugh lie machine, and keeps sending you emails about "Obama spending" and "Obama deficits" and how the "stimulus" just made things worse. Solution: Here are three "reality-based" charts to send to him.
Getting debt-free in your 20s can be more than just a dream. It can become your reality if you are willing to work hard, pay your debt obligations as agreed and spend less than you make.
We've heard about the most spectacular falls -- such as Mike Tyson and Kareem Abdul Jabbar -- but, unfortunately, this sad outcome is far from rare.
A new report by the Urban Institute and Encore Capital Group's Consumer Credit Research Institute shows 77 million Americans -- 35 percent of those with files at a major credit bureau -- have a debt in collection. But as you can expect, there is always someone profiting from poverty.
When Richard Kline graduated from law school in 2003, he had $117,000 in debt and jobs in the legal field were scarce, so he took a job as a mortgage loan officer. Despite his hard work and a housing market that was just starting to boom, he was barely making a dent in his balances.
Let's be honest, America is having a credit card debt crisis. We, as a nation, are $11.4 trillion in debt to credit card companies. Luckily, there is a very easy solution to stop paying all of that interest to the credit card companies, and it comes from the most unlikely source ... the credit card companies.
Gene Steuerle is not a standard right-winger who believes that a dollar in the pocket of a middle class or poor person is a dollar that could be in the pockets of the rich. He is a serious budget analyst who has does important work on tax and budget issues for more than three decades.
My husband and I received four wedding invitations for this summer, and we knew we wanted to do everything we could to attend each one. With some strategic saving, budget adjustments and frugal choices, we'll be able to enjoy them for less than $2,200.
The American Dream of owning your own home is becoming more distant for many millennials. From 2006 to 2011, consumers between the ages of 25 and 34 experienced the largest decline in homeownership of any age group, according to Census Bureau data.
Given the high cost of student loan debt, it might seem crazy that I would prioritize saving for retirement over college funds. (Even more so considering that I work for a company that helps people pay off their debt.) But I believe in a holistic approach to debt freedom.
A 529 is an IRA-like education investment account that allows consumers to invest in mutual funds, withdrawing the money later to cover tuition, books and other educational fees.
I opened up my budget tracking tool last November and my jaw dropped -- I had spent $1,200 on food that month. That's when I knew I had to make a change.