Have you ever been turned down for a loan? Had your credit line slashed or interest rate bumped up? Well, starting Thursday, banks and other lenders will be required tell you a bit more about why. The FTC and the Fed are implementing a new rule requiring lenders to show consumers the credit score data they used to make their decision.
If you need cash and have investments you don't want to sell, a stock-based loan may sound like a good idea. But the unregulated stock-based loan industry can be a risky way to tap into the value of your portfolio, warns the Financial Industry Regulatory Authority.
If you've been racking up credit card rewards, summer is the perfect time to use them. In fact, a new survey suggests that more Americans plan to do just that -- cashing in their credit card rewards as a money-savvy way to enjoy everything from quick weekend getaways to extended overseas vacations -- during the summer months.
No credit check, low weekly payments and carry it home today? If you think rent-to-own stores' deals are too good to be true, you're right. They're a rip-off that leave unwary consumers paying the equivalent of up to 311% interest, according to a new investigation by Consumer Reports.
Is America headed for the Great Recession, part two? The talking heads are still in heated debate on the issue. But for those of us who aren't pundits, there's a more important question: What should we be doing now, just in case economic lightning does strike twice?
During an impromptu drop-in at a conference of personal finance writers, President Obama was asked: How does he approach his own household finances? His response was timeless, irrefutable, and not quite consistent with his prescription for the federal government.
Rebuilding your life after bankruptcy – including your credit rating, finances and your emotional well-being – can sometimes seem like an...
Last year, the government changed the rules on debit card overdrafts, requiring banks to get customers' permission before allowing transactions that would lead to penalty fees. But despite the new rules, overdraft fees continue to be an expensive pain in the neck for millions of Americans.
Late with your credit card payment, even by a few days? Your procrastinating could prompt a new "penalty rate" of up to 29.99% if your Visa or...
America is DIY Nation, but in certain financial situations, a do-it-yourself strategy can make a bad situation much worse, because in investing and money matters, most of us don't know what we don't know. Here are eight times in your life when the high stakes demand that you call in the experts.
Members of the Class of 2011, you're about to be tossed head first into the real world, and -- surprise -- you probably need a little more education about how to handle your personal finances. Here's a Cliffs Notes crash course in Money 101.
In the past year, millions of Americans have significantly cut their use of credit cards in an effort to take control of their financial lives. But some people are taking an even more radical step -- going cold turkey on plastic and paying for everything with good old-fashioned cash and checks.
Williamsville, N.Y.-based Allcare Dental & Dentures allegedly used high-pressure sales tactics to get consumers to buy expensive treatments, only...
With identity theft on the rise, consumers are actively seeking ways to protect themselves. A crop of companies has sprung up offering identity theft protection services. But how well do they really work?
Becoming debt-free isn't just about using solid money-management techniques and effective debt-elimination strategies. It's also about having the right mindset to get out of debt. Here are four insights to help you create the proper mindset to get out of debt.
A few Federal Reserve officials have begun suggesting the possibility of tightening credit -- and increasing interest rates -- this year.
The Federal Reserve is finally admitting that not all the big banks are healthy: Bank of America won't get to pay increased dividends. But none of those financial giants should be allowed to, and a logical look at the reasons they say they want to dole out the cash makes it totally clear why.
Prepaid credit cards are marketed as a great tool for training teens about credit. But critics point to a long list of steep fees and penalties. That leaves parents to figure out if the credit lessons are worth the money. Here's what to consider before buying that card.
For those who can't get bank loans, the new business of peer-to-peer lending can be a lifesaver. Internet companies connect people who need to borrow with individuals willing to lend to them directly -- for a fair profit, of course. Here's how it all works.
Debt can destroy lives, families, marriages, relationships, business -- even countries. So this year my mission is to help one million people pay down a billion dollars in debt and start a new, debt-free life. Care to join me on this journey?
Why you should sweat the small stuff in 2011
If analysts are right, car sales will grow in 2011, with the purchase of 10% to 23% more vehicles than in 2010.
Times are hard but, as they say, what doesn't kill you only makes you stronger. The WalletPop team collectively learned these lessons from the...