How Much “Good” Student Loan Debt is Enough?
by Dan on February 21, 2012
It’s not surprising that many Occupy Wall Street (OWS) protesters specifically rally against massive student loans. Many of them, belonging to the younger generation, carry over thousands of what is otherwise known as the “good” debt. And it will take them an average of nearly 20 years to pay back everything they owe. The bleak reality raises an important question. How much “good” debt is enough to obtain a decent degree without getting heavily in debt? The Number One Borrowing Rule GradLoans.com has come up with a pretty accurate benchmark when it comes to borrowing for college. The gist is that you shouldn’t borrow beyond your first year’s salary after
Weekly Credit Roundup: Majority Don’t Like Sharing Credit Card Info on Social Sites
by Dan on February 18, 2012
Most Don’t Feel Comfortable Sharing Credit Card Info On Social Networks [Infographic] (Read Write Web) Most of us still don’t like giving out our credit card information on social networking sites, according to a poll of 2,630 adults by Harris Interactive for Digitas. Colorado Bill Would Bar Credit Checks For Some Jobs (CBS Denver) Sen. Morgan Carroll told lawmakers Monday that the bad economy means more people who are unemployed have built up bad credit and that holding that against them creates a barrier. Two Credit Card Skimming Machines Found at Long Island Gas Stations (NBC New York) A victim of the skimming contacted the Gulf Gas Station on Northern
How Well Do You Know Your Partner? Do a Credit Check
by Dan on February 16, 2012
So you’ve gone to a fancy restaurant with your partner to celebrate Valentine’s Day, talked about the state of your relationship and went home feeling you’re almost ready to tie the knot. But what exactly are you preparing for? In these debt-riddle times, it pays to know the consequence of starting a family with your partner. How well you know him or her, inevitably requires intimate knowledge of his or her financial situation. There’s no better indicator that your partner can support a family than his or her credit score. What Credit Scores Reveal While a credit score is not the end-all, be-all of an individual’s success as a parent
The Adaptu Wallet: Personal Finance Manager in Your Pocket
by Dan on February 14, 2012
Big fans of Adaptu, a premier money management site, are raving about its recently launched iOS app aptly called The Adaptu Wallet. Just like any other budget finance app, the app boldly promises users to never overspend again. It’s free and neatly designed, two features enough to persuade you to download and join the expanding Adaptu community. Adding Accounts Manually Most finance apps that automatically add bank accounts fail in this category. Without the capability of adding accounts manually, many users are discouraged from making full use of the application. The Adaptu Wallet overcame this lack of feature by letting users add accounts from any bank, including those without online
Weekly Credit Roundup: Best Credit Union Credit Cards
by Dan on February 12, 2012
The Best Credit Union Credit Cards (Main Street) Credit cards issued by credit unions generally offer lower interest rates than cards from major issuers, but not all of these products are created equal. 1 Million+ Visa Cards Have New Safe Chip & Pin (Credit.com) There are now more than 1 million credit cards with a new payment storage technology bearing the logo of the world’s largest payment processing company in circulation across the country, less than two years after it announced a plan to step up issuing efforts. How Criminals Can Steal Your Credit Card without Ever Touching It (Credit Card Processing Blog) The problem is, as Greenberg reminds us,