Repairing your credit after a bad financial spell can be a difficult and tedious process. The steps are long and confusing and facing your financial failures and foibles intensely for a long period of time leaves you overwhelmed and blue. If part of your New Year’s Resolution is getting your credit score back in the healthy range, [...]
It’s an old family joke that when ATMs first premiered, my grandmother believed that a banker sat behind the machine and dispensed the money. To be fair to Grandma, she knew that there weren’t “tiny little tellers” in the machines, like the commercials jokingly stated. It just didn’t occur to her that her banking transactions [...]
Not too long ago, Fed Chair Ben Bernanke said that he expects a policy of low interest rates to persist. As a result, it looks like savers won’t get a break for a while. Making the most of your cash continues to be difficult with even high yield savings accounts offering a yield of right [...]
With the Occupy Wall Street movement in full swing and other cities across the U.S. joining in (and even in other countries now), many Americans are voicing their distress at their current financial situation. If you’re in debt up to your eyeballs with no relief in sight, what do you do? According to advice from [...]
Many of us are already familiar with the fact that a good credit history is essential if you want to save money on loans. Indeed, your interest rate on home loans, auto loans and credit cards will be lower if you have a higher credit score. A good FICO score can save you hundreds, even [...]
Recovering from bankruptcy can seem insurmountable right after you’ve been through the wringer of filing. Whether you’ve had to deal with unexpected medical bills—the leading reason for filing personal bankruptcy—or you’ve been through a rough divorce or a bout of unemployment, or even just a string of bad financial decisions, going bankrupt can make you [...]
