Credit card industry reform may have good intentions, but will these rules encourage the same behavior that made reform necessary in the first place?
We're a nation of borrowers. This reality is quite well illustrated by the personal stories and profiles covered by various media publications on the subject of consumer debt. Rec
If you've got a lot of loans under your belt, you'll want to make sure that you're able to manage them well, or risk wrecking your credit by making a late payment somewhere. Deali
The most credit savvy among us have been able to use credit cards to their benefit in order to wisely and optimally save money even while charging on their cards. If you are carefu
I try hard not to carry a credit card balance, but I know a few people who ignore the fact that their balance is building up to unmanageable levels. I personally feel that it's har
Many people have fallen victim to identity theft and credit fraud such that it's become essential for us to keep an eye on our credit. Most of the time, a fraud victim finds out a
In the black community and many other communities there is a sense that material possession and flair denotes character, accomplishment and power. It's a poor dad mentality and a
Starting a business can easily become a money pit. So for those of you thinking about launching a new venture, what financing options do you have? Well, there's the possibility
Debit or credit? Although the outcome seems the same, it’s a different process with different consequences.
Something of an exaggeration, of course—a one-person household can be very frugal. But there's an underlying truth: A household is only as frugal as its least-frugal member.
You can call this a defense of the maligned credit card. There are a lot of people out there who are very distrustful of credit cards and the companies that offer them, no thanks t
Today I read about an interesting study done by Rice University on the correlation between trustworthiness and looks. The researchers utilized the popular peer to peer lending sit
Forget about the fact that it's a recession. What you do now determines where you will be when the graph trends up again. What if you stopped dropping duckets like you dropped weig
Anybody--but especially frugal people--can be excused for thinking that the whole credit crisis thing is being overblown. After all, we get along without debt. In fact, we str
Is there a limit to how much Americans can spend? Clearly there is: All they earn, minus savings and service on their existing debt, plus new borrowing. Since the Bureau of Econ
Everybody learns best in their own way. Some by reading, some by listening, some only by personal experience--and there are always a few who never learn. But, if you're one of th
My wife forwarded me one of those “hey everyone, don’t fall for this” emails this morning. I get one from a friend or relative at least once a week, and usually they’re well-meanin
Debt is the hottest topic on personal finance blogs around the world. Why? I would venture to guess it is because so many people are drowning in it
It's amazing how many of us are business people -- dealing with budgets, liabilities, profit, revenue and loss -- who make questionable decisions with our own finances. What
It was bound to happen. I just thought it would happen over here first. Today
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