September 1st, 2010
Wednesday Trends in Credit Cards & Debt
$848,424,077,482. That’s the estimated current outstanding federal and private student loan debt on FinAid.org’s Student Loan Debt Clock. The financial aid information website estimates that this whopping number grows about $2,854 every second, so a second look at the ticker now shows $848, 425,116,760.
In June 2010, the explosive growth of student loans officially exceeded total credit card debt in the U.S for the first time. While this “clock” is intended for entertainment purposes, it outlines the climbing value of higher education that weighs down the dream of college with a very large price tag.
For help figuring out the right debt reduction strategy, and ways to dial down credit card debt and use plastic responsibly, today’s roundup has an awesome mix of blogs and news from around the web. Happy Wednesday!
August 30th, 2010
Monday Jumpstart to Personal Finance & Credit Report News
The Government and The Bank--neither are exactly the most beloved public entities, but banks may surprisingly pull ahead of the government amongst consumer opinions. Plus, our Monday personal finance roundup! Check it out and kick off your work week with a financial tuneup!
August 27th, 2010
Friday Scoop on Credit Karma & Housing Market News
Americans’ long infatuation with owning a home, which even the economic collapse of 2008 could not kill, shuddered and stalled last month. Despite this grim outlook on the housing market, today's roundup has great tips for your home and mortgage.
August 25th, 2010
Wednesday Trends in Credit Cards & Debt
Good news about the economy doesn’t make headlines often enough — but today is an exception. MSNBC reports that credit card debt dropped to its lowest level in 8 years, with the average consumer carrying $4,951 in credit card debt.
August 23rd, 2010
Monday Jumpstart to Personal Finance & Credit Report News
Americans tone down their taste for the rich and fancy as more purchases, like a television and a car, are rated as “luxuries” rather than “necessities”
. Is this just a trend of the recession, or is our new frugal mindset here to stay? Plus, an awesome personal finance roundup with helpful, funny advice.August 20th, 2010
Friday Scoop on Credit Karma & Housing Market News
Mortgage rates hit spectacular lows of 4.44%, yet heavily indebted homeowners still can’t take advantage of them... Meanwhile, the most expensive real estate in the world, a palatial London penthouse, just sold for $220 million to a mystery buyer. At least the housing market is working out for some of us.
August 18th, 2010
Wednesday Trends in Credit Cards & Debt
Dust off the magnifying glass — the fine print on credit card agreements are continuing to challenge and cost consumers. Disclosure of fees, penalties, rewards restrictions, and other credit card traps are often lost in small-size fonts and densely packed paragraphs... what should consumers do?
Just ahead is more great credit card information to help you fight back against credit card abuses and save money.
August 16th, 2010
Monday Jumpstart to Personal Finance & Credit Report News
Get a healthy financial start to your week with today's personal finance round up!
August 13th, 2010
Friday Scoop on Credit Karma & Housing Market News
Today is Friday the 13th, but banks are probably fretting more over Sunday, August 15. That’s when the new Federal Reserve rules on overdraft protection kick in and threaten the hundreds of millions of dollars banks earn from overdraft charges.
August 11th, 2010
Wednesday Trends in Credit Cards & Debt
One major issuer didn’t get away from consumer watchdogs this time, and paid a pretty hefty price. A judge ordered Wells Fargo to pay $203 million in restitution to Californians for manipulating overdraft fees.
Also, check out our favorite personal finance picks from the web.
