Credit card identity theft is one of the fastest growing crimes in the country. As criminals become more brazen and technology savvy, protecting the integrity of your credit report and credit history becomes even more important. Important information on bills, canceled or blank checks, investment and credit card statements are easy prey for identity thieves. […]

Credit Card debt and other forms of debt have been plaguing many Americans for years. The problem of excessive consumer debt has continued to grow without any foreseen end in sight. Is it possible to pay down debt, save money, and invest at the same time? Yes, in certain circumstances it is. Let see what […]

The Fed announced today that it is cutting key interest rates by half-percentage point in an effort to save the softening U.S. economy. The reserve bank took interest rates down by 75 basis points in an unheard of step during an inter-meeting on January 22. The central bank thus far, has cut its federal funds […]

The American consumer has become overly dependent on easy credit. Credit cards afford many a prolifigate lifestyle that is not reflective of the ground realities. The American nation has truly become a credit card nation, where consumers pursue spendthrift policies not reflective of their true financial realities. Currently, in Davos, Switzerland, the World Economic Forum […]

How many times have you looked at your credit report? Do you know your credit score? The information contained in your credit report is the only thing that directly affects your credit score. In return, your credit score impacts your ability to obtain credit and approval for loans. The score also affects the interest rates […]

Payday loans are in the news again. In South Carolina, State Senator John Hawkins is again going after the cash advance payday loans industry. Hawkins is from the city of Spartanburg, which is the headquarters for one of the biggest payday loan companies in the country, Advance America Cash Advance. Advance America has over three […]

Credit card debt has been rising since the 1980s, reaching epic proportions today. According to the Fed, the 2007 average household credit debt was $8,500. The Center for Media Research reports that the average consumer has a total of 13 credit obligations on record at a credit bureau. The government reported in 2006 that the […]

The growing concerns about the mortgage market have been leading to great unease in the corridors of the Federal Reserve (Fed). The Fed is concerned about growing foreclosures and continued stability of the mortgage market. The central bank is putting forward proposals that would enhance protections for home buyers and restrict abusive lending. The subprime […]

The cash advance industry is in the midst of a transition, going from the traditional field of mom and pop shops to big corporation owned payday loan stores. The payday industry has now rapidly moved into the internet arena. It has been providing short-term payday cash advance loans to Americans for years. Now, the industry […]

It looks as if credit card companies are under the scanner of the Democratic led Senate. Credit card issuers of late have been under the microscope of not only the Congress but consumer groups as well. The card companies have been under scrutiny by the lawmakers for making sudden changes in interest rates in many […]