January 25th, 2010
Monday Jumpstart to Personal Finance & Credit Report News
Middle-class America is getting a helping hand from the Obama administration, which recently announced economic aid specifically for struggling middle class families. The proposed aid initiatives address the following issues: increasing child care assistance for low income families, expanding loan repayment plans to increase college affordability, improved retirement security for low income workers, and increasing funding for elder care assistance programs.
While these federal initiatives await approval, consumers can take personal steps towards improving their own economic situation through good personal finance skills and better credit. Read ahead for advice and helpful articles from the news and blogosphere.
Personal Finance News
- MSN Money suggests 7 ways to get ready for recovery.
- The Buffalo News lists the 2010 money rules: 10 changes consumers should know about.
- SmartMoney debunks the myths and truths around rewards and loyalty programs at retail stores.
- Moolanomy Personal Finance blog gives some pointers on savings accounts vs CDs: where to keep you money in 2010.
- Another alternative of keeping your money is to invest it; check out Debt Free Adventure’s 3 ways to get started investing with $1,000 or less.
Credit Report & Credit Scores News
- Rich Credit Debt Loan does a quick rundown of what is in your credit report.
- For more guidance on checking your credit report, The Smarter Wallet asks if you should monitor your credit, and how to do it.
- When it comes to mortgage lenders, good credit no longer guarantees home loan, writes Freep.com.
- More on how credit score affects housing market, The Chicago Tribune reports that Federal Housing Administration (FHA) is changing policy on credit score.
- If you wanted to temporarily prevent the credit bureaus from releasing your credit report without your consent, My Two Dollars blogs on how to request a credit freeze.
