Small business owners should clean up credit

Due to the current economic uncertainty, many small and start-up business owners are having a harder time gaining access to capital for their businesses. As a result, nearly a third of these businesses use credit cards as their primary means of financing. Owners with high credit scores will be able to secure the best interest […]

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Couples should review their credit reports

When you finally decide to tie the knot, there are many things you want to discuss with your fiancée about your future together. However, one factor many couples do not talk about is their finances. One in five Americans do not talk about their finances before getting married, according to a survey by Zogby. Only […]

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Checking credit reports for merchant errors

Whether it's during a busy shopping time such as the holiday season, or after a simple trip to the local mall, there's not really a bad time to check your credit report for errors. The Better Business Bureau says checking credit card statements to find accurate charges is an important way to assess your risk […]

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Computer error removes tax refunds from bank accounts

Due to a computer error, thousands of Georgian residents are now missing their state income tax refunds that were automatically deposited into their bank accounts. The Georgia Department of Revenue recently retracted tax refunds it issued local taxpayers because it found errors in the amounts being distributed. However, by the time the department rescinded the […]

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Checking credit report provides step to financial well-being

Due to federal legislation such as the Fair and Accurate Credit Transactions Act, every American is entitled to view their credit report for free from each of the three credit bureaus every 12 months. Recent research suggests as many as 80 percent of all credit reports contain at least one error, which in turn could […]

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Credit repair can help homebuyers cope with higher mortgage fees

Fannie Mae announced this week that it will be increasing mortgage fees for prospective homebuyers with good credit scores as well as those trying to repair bad credit. The fees, known as loan-level price adjustments, are set to go into effect on April 1; however, some lenders are already beginning to pass down fees to […]

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Delinquencies can cause credit report errors

In recent months, Americans increased the frequency of their credit card payments and reduced harmful delinquencies. However, Equifax, one of the leading nationwide credit reporting agencies, found a number of consumers are still struggling to control their debt, owing as much as 17 percent of their income to credit card lenders. Consumers who find this […]

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Some lenders targeting military members

Many U.S. military posts are surrounded by suspicious predatory financial businesses that target young servicemembers with small savings accounts and no credit histories, according to a recent Huffington Post report. Cash advance businesses and some electronics dealers offer high-risk financing tactics – such as buy now, pay later – to attract new customers. The Department […]

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Bill collectors required to issue new notices

Many states, such as New Mexico and New York, have made it mandatory for credit card debt collectors to inform consumers they cannot be sued for debt they have not paid back, according to The Wall Street Journal. New Mexico's law will start in March. It will require bill collectors to tell consumers that their […]

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Young adults want to be financially responsible

Many young adults between the ages of 18 and 34 say they want to be more financially responsible by increasing their savings and creating a budget, according to the Chase Slate-U.S. News Consumer Monitor. In the survey, which was released by Chase Card Services and U.S. News and World Report, 60 percent of young adult […]

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