Filed under: Debt, Retire, Credit Cards
Credit card debt is something many Americans struggle with, but a new study shows that senior citizens are particularly at risk for crushing debt, so much so that an increasing number are turning to bankruptcy for relief.
Filed under: Debt, Consumer Ally, Credit Reports
Nationwide Credit Services has agreed to stop making false claims and charging up-front fees under a settlement with the Federal Trade Commission.
Filed under: Real Estate, Retire, Travel, Retirement Advice
Retirement is international this days. The London Daily Telegraph, probably Britain’s most popular newspaper, recommended 10 retirement locales to its readers. It picked these spots because they are easy on the wallet, as well as pleasant places to live.
Filed under: Money College, Credit, Debt, Credit Cards
There’s a big change on college campuses this year. In the past, you would have seen tables outside the student union, featuring logos of banks and credit card companies, luring gullible freshmen with offers of free coupons and T-shirts in exchange for filling out a credit card application. No longer.
Filed under: Debt, Family Money, Retire, Saving Money, Wealth
Financial guru, Suze Orman, was a featured speaker at the California Women’s Conference in Long Beach, Calif. yesterday, and addressed a standing room-only crowd at a break-out session titled, “It’s Time to Learn What to do With Your Money in These Crazy Times.”
Filed under: Debt, Family Money, Retire, Saving Money, Wealth
Financial guru, Suze Orman, was a featured speaker at the California Women’s Conference in Long Beach, Calif. yesterday, and addressed a standing room-only crowd at a break-out session titled, “It’s Time to Learn What to do With Your Money in These Crazy Times.”
Filed under: Retire, Saving Money, Retirement Advice, Tax – Advice
Most of us are going to retire with less money than we might have hoped and significantly less than we’re living on now.
Filed under: Banks, Banking – Checking Account
Free checking is getting harder to come by at some of the nation’s biggest banks. Recent regulatory changes have forced banks to be more upfront about the fees they charge deposit and credit card customers; as a result, consumers are better able to avoid those fees, which has led to a loss of revenue for banks. And so in an effort to recoup some of those revenues, some have started rolling back what was considered as recently as a few years ago to be practically a birthright: the free checking account.
As this article points out, the biggest changes are coming from the biggest banks. Bank of America, for instance, recently rolled out an account that costs users just under $9 each month if they want the privilege of banking with a real, human teller or getting hard copies of their statements. As a Bank of America spokeswoman pointed out, customers who previously had “free” checking would wind up paying for it via fees, sometimes which they incurred without asking.
(Continue the story…)
Filed under: Credit, Debt, Consumer Ally
A debt collection agency has been slapped with a near-record fine by the Federal Trade Commission for repeatedly trying to collect from the wrong people, collecting the wrong amounts, using abusive language and other unlawful practices.
Filed under: Retire, Saving Money, Retirement Advice
What do you think you’ll be doing at age 67?