If you are not prioritizing your debt, you may find it difficult to make any headway in paying it off promptly. One of the keys to money management is knowing how and where to spend your money, and taking the time to prioritize your debt has many benefits. First and foremost, if you are managing [...]

There is never a fee to get assistance or information about Making Home Affordable from your lender or a HUD-approved housing counselor. Beware of any person or organization that asks you to pay a fee in exchange for housing counseling services or modification of a delinquent loan. Do not pay – walk away! Beware of [...]

OMFAIG is Right I cannot believe what these guys had to audacity to do after all the bad press GM got for taking a private jet to bailout meetings.

  Source: [CNNMoney.com] — The eagerly anticipated foreclosure prevention program unveiled Wednesday by President Obama targets 9 million borrowers for help – are you one of them? The $75 billion effort, dubbed the Homeowner Affordability and Stability Plan, boils down to two basic solutions: First, the government is aiming to help more homeowners refinance to [...]

No matter where you turn in the media these days, you likely will find ads urging you to check your credit score — but you might not know that a new way of determining credit scores is being rolled out this spring, and it will affect the way your credit is calculated. Fair Isaac Corporation [...]

  A new system for determining your credit-worthiness, FICO ’08, rolls out this Thursday, and there’s nothing you can to do stop it. By these 6 changes, ye shall be judged: 1. Spouses and children can improve their credit score by being an authorized user on a credit card account, but that’s it. No more [...]

It’s tax season and for those who may be strapped for cash, getting an instant refund may be very tempting. But taking a closer look at what that quick cash is actually costing you, will hopefully make you reconsider. Refund Anticipation Loans (RALs) are bank loans secured by your expected tax refund and offered through [...]

Bank demands “monthly service fee,” higher payments A class action filed in January alleges that Chase is forcing its customers to pay a “monthly service fee” and an increasedmonthly payment, without advance notification.     The suit concerns Chase’s “Balance Transfer Checks,” a tool that allows consumers to transfer outstanding balances to their Chase credit cards. The suit [...]

  They’re going out of business! It’s a liquidation sale! The prices will be crazy marked down, right? Not necessarily. Read on to avoid getting ripped off by liquidators. Photo by Cosmic Kitty. Many an unwitting shopper can be lured into a store with an enormous “50% OFF!” sign strung across the storefront. Even more so when [...]