One of the motivations that make many consumers consider the purchase of credit card is the consequent incentives or rewards that are attached to the cardholder package. With so many card companies competing for customers, it is not surprising to see a variety of rewards packages emerging, all seeking offer the best of the best in attractive incentives for using your credit card for purchases....
Consumers looking to buy homes should know that they have certain rights under the law. The more commonly known laws are The Equal Credit Opportunity Act (ECOA), the Fair Housing Act, and the Fair Credit Reporting Act (FCRA). These federal laws prohibit discrimination and provide consumers with the right to obtain certain credit information.
Under the broad banner of no discrimination, ECOA...
Virtually everyone who is in debt wishes he or she was in less debt. For the purposes of this article, debt is anything that you pay for with cash or credit during the course of a week or a month. It should not come as a surprise that many consumers simply have no idea where a sizable chunk of their income goes each month. This invisible debt can add up quickly, but it can also be easily...
If you are thinking of buying your own home, you will hear the words title insurance somewhere along the process. Many consumers are not exactly sure what this is.
For the most part, title insurance is almost always required by the lender. This insurance is used to protect the lender against loss resulting from legal claims by others against your new home. In some states, lawyers will offer...
There are times when consumers simply need to borrow money. As most people know, there are many different ways to borrow money. Two of the most common ways are through either an installment loan or through a line of credit.
Knowing the difference between the two can be important. One of the best ways to make your choice is to know which type of loan will best suit your needs.
A line of...
Divorce can be an emotional time for anyone, but when credit problems are also a part of the process, the stress can be overwhelming. At issue during some divorce proceedings are the types of credit accounts that are open, either jointly or separately, and who has to pay which ones.
On a very general level, there are two kinds of credit accounts. There are individual credit accounts and then...
Regardless of the type of credit card that you are using, chances are excellent that it carries with it some form of finance charge. Unfortunately, many credit card companies do not spend a lot of time explaining, in clear language, just how these finances charges affect your monthly bill. Most accountants can probably figure it out, but average consumers often have a harder time with it. So,...
Mortgage fees can add up quickly. Consumers who are thinking of buying a home should know about the various fees upfront and be able to pay them if needed. This will help prevent delays in the closing.
Here are some of the more common fees that you might run into.
Processing Fee: This is the fee the mortgage lender charges in order to cover the initial costs for processing the loan. It...
Learning more about the basics of mortgages can help consumers better understand the home loan process and possibly keep some from getting into trouble.
What exactly is a mortgage?
A mortgage is a loan contract or legal agreement between the lender and the buyer. The mortgage will contain important information about the loan such as the interest rate that is being charged, the amount of...
College expenses are high; there is little argument over that. Students and parents of students often need financial help in order to get into and subsequently get through the years of education that leads to an advanced degree. Thankfully, there is a somewhat new student loan program available that help out with these costs.
The Federal Parent PLUS Loans can help those parents with good...
