One in Four Americans 18-29 Will Postpone Paying Debt Due to Economy, Survey States

One in four Americans between the ages of 18 and 29 will postpone paying debt due to current economic conditions, according to a recent study performe Read more...

New Research Indicates Consumers Tackle Small Debts Before Large Ones

Recent research in the American Marketing Association's Journal of Marketing Research indicates that consumers tend to pay off their smaller debts fir Read more...

Tips for Dealing With Debt Collectors

Consumers who find themselves in problematic financial positions may end up dealing with debt collectors. These interactions can be difficult to maneu Read more...

Bank of America Customers Beware: Your Credit Card Penalty Rates Could Soar

If you're a Bank of America customer, your dander will definitely rise within seconds. The North Carolina-based bank said it could begin charging cust Read more...

Experts Advise How to Make Instant Improvements to Your Credit Score

Having a good credit score is incredibly important, especially if you're looking to borrow money for a car loan or mortgage, among other things. Durin Read more...

Many Americans Don’t Understand Their Credit Scores – Do You?

According to a survey from the Consumer Federation of America and VantageScore Solutions, the majority of Americans don't understand how their cre Read more...

BillMyParents Helps Teens Learn Money-Management Skills

It's often hard to manage a credit card when you're first introduced to the idea of spending money you don't have. Often times, people for Read more...

Check Your Tax Refund Status Using New I.R.S. Smart Phone App

Filing your taxes can be quite the hassle. Unless you want the Internal Revenue Service after you, though, you should make sure they’re filed by Read more...

Like Video Games and Business? Try LavaMind’s Business Simulation Games

The business world can be hard to understand. It fluctuates on a day-to-day basis and is affected by myriad economic factors. Schools and universities Read more...

Credit Card Companies and Banks Targeting Riskier Borrowers Again

After the recession struck in 2007, credit card companies and banks suffered massive losses as consumers defaulted on their payments. Since then, they Read more...

New tax package will aid most Americans, especially wealthiest

After seemingly endless wrangling on Capitol Hill, a new tax package seems likely to pass, although not without its fair share of controversy. The leg Read more...

Students at For-Profit Colleges More Likely to Default on Loans

For-profit colleges like the University of Phoenix have become ubiquitous in recent years - and, as a professor at the for-profit Art Institute of Den Read more...

Bankruptcy Management – Chapter 7 or Chapter 13?

In the face of overwhelming debts and rising costs, individuals sometimes find that best option may be to file for bankruptcy. Although it sounds to m Read more...

California Leads Nation in Consumer Debt

The Golden State loses some of its luster in new figures from the New York Federal Reserve: The bank's data show that California takes the top spot in Read more...

Home Equity Loan Defaults Soar as Housing Values Drop

A sea change is under way in Americans' debt habits: They are changing how they borrow, how they pay their loans, how they get out of debt and when th Read more...

Student Loans Exceed Total Credit Card Debt

New figures from reveal that in aggregate, Americans owe more money in federal and private student loans than they do in revolving credit, reports the Read more...

New Illinois Law Slams Debt Settlement Firms

Illinois Governor Pat Quinn signed a law this week imposing strict new limits on debt settlement companies working in the state, with the aim of prote Read more...

New FTC Rule Protects Consumers from Debt Relief Practices

The Federal Trade Commission issued its final rule on debt relief firms Thursday, banning those that engage in telemarketing from collecting advance f Read more...

New FTC Rules Crack Down on Get Out of Debt Schemers

The Federal Trade Commission revealed a new rule that will ban some types of fees charged by for-profit debt relief companies, reports the Wall Street Read more...

Use Cash to Get Out of Debt

It may sound a bit counterintuitive, but keeping some greenbacks on you can help you stay or get out of debt. Psychological studies have proven that s Read more...

New Department of Education Policy Could Hit For-Profit Colleges

Anyone who has watched television, particularly during weekday hours, or who has taken public transportation, is familiar with the advertisements of f Read more...

Obama Signs Landmark Financial Reform Bill

With a stroke of his pen, President Barack Obama signed a bill and put to rest months of tense, often bitter debate about finance reform. The Dodd-Fra Read more...

How to Select a Legitimate Credit Counseling Agency

The last thing a consumer needs when struggling financially is to fall into the hands of an unscrupulous credit counseling agency. If you're consider Read more...

Paying Your Loans Early – A Quick Guide

One of the most prudent financial decisions you can make is to pay your student loans early. Compound interest is a powerful force when it's working w Read more...

Americans May Be Spending Hours Worrying About Debts

Some people may find they are working longer hours to get out of debt, while they are also spending a good chunk of their day worrying about what they Read more...

Plastic Pay Down Continues in May

If there's one lesson the recession may have taught you, it's that avoiding credit may be one of the best courses of action. The urge to take out a Read more...

May Sees Consumers Concentrating Further on Trying to Get Out of Debt

Debt is a problem that may saddle many young people, especially those who have just graduated from college. On average, graduates in 2008 had $4,100 i Read more...

Bankruptcy Reaching New Highs, Highlighting Importance of Financial Responsibility

The idea of having financial difficulties may be a foreign notion for some younger consumers, especially those who have just graduated from college an Read more...

Credit Card Debt Tumbles Again in April

Trying to get out of debt has been a concern for many people, especially after the worst recession since World War II. A recent report from the Federa Read more...

Credit card offers increase as consumers improve payment habits

The personal finances of both older and younger people in the country may be improving, and those who issue credit cards and insurance policies are ta Read more...

Home budget a way to keep tabs on spending, debt

College students - and recent graduates - are relying more on credit cards to pay for some of their expenses, which may make it difficult for them to  Read more...

HelloWallet Is Here to Help

There are many money management tools and various budgeting software systems available online. To introduce a new one often feels like throwing penni Read more...

True Cost of Having a Baby

Whether it's an accident or carefully planned occurrence, having a baby is an enormous responsibility—one you may not be ready for. Many couples pla Read more...

Do Money Savers Hate America?

Hey Young Money, I’ve seen TV commercials telling me it’s patriotic to spend more money.  Should I?  Is that true?  Other places I hear to sav Read more...

Does the Collection Agency Have to Remove An Error?

Dear Melissa, About 2 months ago I received my quarterly credit report to discover it had dropped by 100 points—from a 750 to a 650. I discovered Read more...

Are Hospital Bills as “Valid” as Others?

Dear Melissa, I have always heard that if you will just pay something that a hospital cannot do anything as far as turning you over to a collection Read more...

$700 Billion in Debt Payments Per Year

We all know the country is in big time debt. But believe it or not, it's about to get worse. Treasury Officials borrowed a lot of money on short-term  Read more...