Limits On Credit Card Penalty Fees?

Have you ever made a small mistake with your credit card, for example, being late on a $20.00 minimum payment, and then to make matters worse the bank hits you with a $39.00 late fee? Excessive late fees have long been a common consumer complaint....

Citibank Scares Consumers With 7-Day Threat

Citibank customers may think they are the fool come April Fools Day or April 1, 2010 when Citibank may start requiring a 7-day notice to withdraw any money from checking accounts. Last Friday, Citigroup sent out statements to customers throughout the United States to inform...

Short Sale Solution

In an attempt to thwart the overload of foreclosures that is continuing to thwart the economy, a new program is encouraging banks and owners to agree on a short sale in order to sell the property and prevent a foreclosure. A short sale is when...

Foreclosure-Now An Equal Opportunity Problem

The richest of the rich with the highest mortgages are expected to see a sharp rise in foreclosures during 2010, thereby joining the middle class and even the poor in a situation that nobody wants to be in. In the year 2009, there were 1312...

The Catch-22 Of Credit and Jobs

As we have reported here before, there are far too many employers looking at credit reports and rejecting good employees outright if they have a poor credit score. It?s the proverbial Catch-22. If you are unemployed, as more than 6.5 million Americans are right now...

No End In Sight To The Housing Meltdown

The Rich are walking away from their mortgages in record numbers. More than 1 in 7 homeowners with a mortgage of over $1,000,000.00 are seriously delinquent, while the numbers of delinquencies on mortgages under $1,000,000.00 is just 1 in 12. 1 in 7? 1 in 12? And...

Tax Day, Tax Deadline For 2009

Today is the deadline for filing your taxes for the year 2009. April 15, as usual. However, if you happen to live in one of the following counties, you have an unusual and atypical extension this year and you will have until May 11. ?...

The Recession And Who’s To Blame

And it's all political. The public is steadily changing their minds about which political party is responsible for the recession with just 38% of the public now blaming Republicans down from 53% in May of 2009. 27% now blame the Democrats, up 6% since May and...