August 26th, 2014

Americans Are Feeling Pessimistic About Our Economic Future

Americans Are Feeling Pessimistic About Our Economic Future

More Americans than ever are unsure that life will be better for their children’s generation than it is for theirs, according to a new poll conducted by the Wall Street Journal with NBC News. A whopping 76 percent said they didn’t feel confident about the future of their children’s generation, almost a 20 percent jump from a similar poll taken five years ago.

This finding headlines a new set of relatively bleak numbers for the American economy and our political leaders. Many Americans are feeling increasingly pessimistic about our nation’s economic future, and most blame our leaders for the negative state of affairs.

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August 25th, 2014

Student Loan Debt Negatively Affects Quality of Life

Student Loans Quality of Life

According to a recent Gallup poll, students with $50,000 or more in student debt fall short of those with no debt in three key areas of well-being: financial security, physical health and sense of purpose. The study surveyed more than 11,000 people who graduated from college between 1990 and 2014 to ask whether they felt they had purpose to their lives, supportive relationships, financial security, a sense of community and physical health.

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August 22nd, 2014

U.S. Department of Education Proposes Changes to PLUS Loan Program

PLUS Loans

The U.S. Department of Education recently proposed changes to the PLUS loan program that would relax credit standards for potential borrowers.

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August 21st, 2014

What’s the Best Financial Advice You’ve Ever Received?

What's the best financial advice you've ever received?

A collection of financial tips and advice from our readers.

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August 20th, 2014

New Federal Reserve Data Calls the Economic Recovery into Question

New Federal Reserve Data Calls the Economic Recovery into Question

According to the Federal Reserve, the economic recovery may not be going as smoothly as some might insist. A newly released study indicates that, as of late 2013, 68 percent of American households hadn’t seen significant financial improvement since 2008. Overall, in fact, there were more households that reported further deterioration than those that reported improvement.

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August 19th, 2014

Americans Are Paying Heavily in Overdraft Fees

Americans Are Paying Heavily in Overdraft Fees

A new study by the Consumer Financial Protection Bureau found that opting in to debit card overdraft services costs the average consumer around $250 per year in fees. While the ability to charge your account into the red may be seen as a temporary convenience for those who are short on cash and need it now, the practice of overdrawing your checking account can be costly and inefficient.

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August 18th, 2014

P.F. Chang’s Security Breach Affected 33 Locations

P.F. Chang’s Security Breach Affected 33 Locations

Restaurant chain P.F. Chang’s reported that card data may have been stolen from 33 restaurants. Read more about the protective measures you can take.

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August 15th, 2014

8/12 Credit Reports Tweetchat Recap!

Tweetchat: The Importance of Checking and Reviewing Your Credit Report (Recap!)

To celebrate our newest feature (full credit reports!), we had an engaging discussion with our Twitter followers about the importance of checking and reviewing your credit report regularly. Here's how it went!

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August 13th, 2014

35 Percent of American Adults Have an Account in Collections

35 Percent of American Adults Have an Account in Collections

A recent study by the Urban Institute came back with some sobering findings, including the fact that over one in three American adults have at least one account in collections. In addition to finding who has accounts in collections, the study sought to establish a geographic pattern of where delinquent debts and accounts in collections are most prevalent.

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August 12th, 2014

USA Discounters Accused of Aggressive Debt Collection Tactics Against Service Members

USA Discounters

Virginia-based retailer USA Discounters is under fire. In a report published by ProPublica and the Washington Post, ProPublica alleges that the company uses unfair debt collection tactics against service members. USA Discounters sells merchandise on credit to service members and then sues them in Virginia courts if they fall behind on their payments.

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