Filed under: Debt, Credit cards
The actions of credit card issuers have come under close scrutiny of late. In attempt to gain some positive press, 10 of the major credit card companies have announced changes in debt management plans allowing consumers the chance to lower payments and qualify for enhanced benefits in recognized credit counseling services programs.
This new tiered system qualifies consumers for special benefits they might not otherwise be able to tap into. Among the highlights: lower interest rates, waived late fees and minimum payments. The goal is to help consumers pay off their high-interest credit cards.
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Filed under: Retire, Technology, Investing, Personal loans
Peer-to-peer lending marketplace Lending Club just announced several new features for investors who use the service which can help them earn an average return of 9.67%.
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Filed under: Banks, The Dolans, Video, Mortgages
Ken and Daria Dolan, America’s first family of personal finance, answer your questions every Friday.
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Filed under: College, Kids and Money
Thursday, October 29, is a date many of you would have circled on your calender… if you still circled things on paper calenders. It’s the day SAT scores for the test taken October 12 are available online.
Continue reading SAT score online: More instant gratification for today’s kids
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Filed under: Credit, Debt, Economizer, Credit cards
Break out the rotten tomatoes. This is Walletpop’s roundup of the priciest, sneakiest and just plain lousiest credit-card deals out there. Trust us, there are a lot of cards floating around the bottom of the barrel, so it took a lot of effort to find the ones you probably want to avoid at all costs.
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Filed under: College, Debt
Over at Washington Monthly, Stephen Burd takes an extended look at one of the biggest — and least reported on — financial crises facing young people: unethical for-profit college foisting massive debt loads on their students. These debt loads often carry exorbitant interest rates and lack any consumer protections whatsoever.
The stories Burd tells are egregious: Slick, misleading advertising luring prospective suckers students into meetings with admissions officers — glorified salespeople straight out of Glengarry Glen Ross. The admissions people then lie to students about the benefits of the program, and sign them up for high-interest student loans without explaining the terms.
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Filed under: College, Debt
Over at Washington Monthly, Stephen Burd takes an extended look at one of the biggest — and least reported on — financial crises facing young people: unethical for-profit college foisting massive debt loads on their students. These debt loads often carry exorbitant interest rates and lack any consumer protections whatsoever.
The stories Burd tells are egregious: Slick, misleading advertising luring prospective suckers students into meetings with admissions officers — glorified salespeople straight out of Glengarry Glen Ross. The admissions people then lie to students about the benefits of the program, and sign them up for high-interest student loans without explaining the terms.
(Continue the story…)
Filed under: Home, Insurance, Health
For the second time in as many weeks, upstate New York’s ailing economy got a $100 million shot in the arm. Today, Attorney General Andrew Cuomo announced a historic nationwide reform of the consumer reimbursement system for out-of-network health care charges. A new not-for-profit company, FAIR Health, Inc., and an upstate research network headquartered at Syracuse University will develop a new, independent database for consumer reimbursement. The team will also create a new website that gives consumers the chance to compare prices before they choose their doctors–something that’s never been done before.
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Filed under: Banks, Credit, Credit cards
Over on our listserv, WalletPOP bloggers and editors occasionally — and by occasionally I mean daily — get into heated debates about personal finance topics that are way too boring to think about let alone discuss for the vast majority of people with healthy social lives.
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Filed under: Debt, Relationships, Celebs & Money
On Monday, Jon Gosselin said he returned $230,000 in funds to a joint account shared with his estranged wife, and reality show co-star, Kate Gosselin.
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