Borrowing

Do you consider a rewards program as an integral part of your credit card choice? According to a new study by finder.com, close to one-third of Americans use credit cards just to get the associated rewards. The finder survey suggests that approximately 71.7 million Americans (29.2% of the adult population) make credit card purchases just
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Another Day, Another Breach Have we reached the point where Americans react to data breaches with a yawn? Given the constant stream of new attacks and the staggering number of accounts involved, that’s an understandable reaction. The sportswear retailer Adidas recently joined the list of companies successfully attacked by hackers. The size of the
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Homeownership remains a goal for most Americans. According to NerdWallet’s 2018 Home Buyer Report, 91% of respondents want to own at least one home during their lifetime. However, that same report shows eight concerns renters have regarding that goal. If you haven’t bought a home yet, see if they match your concerns. 1. Purchase Cost
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How much does your credit score affect your mortgage rates? A recent study by Zillow shows that the higher interest rates from a poor credit score can have a profound impact on the amount of interest you’ll pay over the life of a mortgage. Zillow analyzed over 100,000 mortgage quotes offered on Zillow Mortgages across
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How badly do you want to own a home? What would you be willing to give up to achieve the American dream? Discover what sacrifices recent homebuyers made to purchase their homes, and whether they see the acquisition as a worthwhile investment. Your credit history is an important factor in getting your mortgage approved.
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By Eric Olsen, Executive Director HELPS Nonprofit Law Firm Affordable transportation is often a concern for senior citizens. Some seniors go without basics to make car payments they can’t afford for a car with little or no equity. Others need affordable replacement transportation but don’t have the income to finance a car. What are
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Are you getting the best deal on your credit cards? If you regularly carry a balance, a new survey from CreditCards.com suggests there’s almost a 50/50 chance you don’t know how good your deal is – because you aren’t sure what the annual percentage rate (APR) is on your cards. The poll of 2,315 adults
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Does your student loan situation look hopeless? Don’t give up hope yet. Consider these alternative repayment programs that can provide manageable loan payments and lead to forgiveness of a portion of your loan in exchange for some form of service. 1. Public Service Loan Forgiveness (PSLF) Program – As it stands, the PSLF program allows
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It’s not uncommon for companies to help with tuition payments for their employees who are continuing their education, especially if they are working toward a professional degree that will help them in their job or with future advancements in the firm. Such a program can be a great recruiting tool. Unfortunately, these programs do not
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America’s total student loan balance has topped $1.5 trillion, according to recent Federal Reserve data. Default rates on student loans are at 11%. While the job market has improved for recent graduates, many are struggling with excessive debt (over $39,000 at graduation on average) and entry-level jobs that make repayment difficult. Enter an alternative
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Affordable Housing? What Affordable Housing? Affordable housing is increasingly hard to find in today’s market. According to data from Trulia, America’s inventory of starter homes has decreased by almost half compared to six years ago while prices rose by almost 58%. As consumers recovered from the housing crisis and Great Recession, more people became financially
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As a nation, America’s student debt load is reaching crisis proportions. The New York Federal Reserve puts the total student loan debt at over $1.52 trillion, with the delinquency rate over 11%. Is your personal student loan situation nearing a similar crisis? Consider these five warning signs to assess whether you are handling your student
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America has reached a new economic milestone – or maybe a millstone – of $1.52 trillion. Which of the following does this number represent? 1. The latest contract for a professional athlete 2. Your current credit card balance 3. America’s collective student loan debt While the first choice sounds strangely plausible, and some
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Getting a personal loan online has grown into a multi-billion-dollar industry, with lenders ranging from individuals in peer-to-peer programs to big banks. Although countless Americans have been helped by the ability to borrow money without leaving home, others have hurt themselves by being ill prepared for the process. “Because the loans are being evaluated remotely,
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Congratulations! You made it through college armed with a degree, and hopefully a job. Now it’s time to move on to the next stage of your education: life. The tests are all open book, the deadlines are varied, and some lessons are much harder and carry higher stakes than others do. Worst of all –
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Buying a home will probably be the most expensive item you ever purchase… until you buy the next one! MoneyTips is happy to help you get free mortgage and refinance quotes from top lenders. Finding the right home at the right price is always a challenge. Discover how other American homebuyers searched for – and
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Where did you learn how to handle credit cards? According to a new survey conducted by the website CreditCardsExplained.com, there’s almost a 50% chance that you’re self-taught. The survey of 2,500 respondents showed that 45% of consumers never had a proper education on credit cards. Of those who received their credit card education in school,
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You’ve made some life decisions that you’ve regretted, and some of those decisions surely involve money. What sort of money mistakes have you made? Don’t be shy about admitting your financial mistakes. According to the latest version of Finder.com’s annual America’s Biggest Money Mistakes survey, you have 192 million fellow Americans to keep you company.
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Welcome to the 2018 home-buying market. Rising demand and an extremely tight supply of homes, especially in the critical starter-home market, make it difficult to realize your goal of home ownership. In this buyer’s market, you’ll need two important things to land your dream home – more money and a higher credit score. Data from
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We know the stereotype of the unmotivated millennial, living at home with their parents without any long-term plan or concern about their situation. Is that a fair representation? Do millennials disproportionately live with their parents? If so, is this from necessity, lack of motivation, or part of a grander strategy? It’s logical that younger generations
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