New reports signal positive direction for employment market

U.S. consumers who have struggled to find employment or keep their current job may have reason to celebrate. According to two recently released reports, not only did employment opportunities grow in March, but February saw job losses decline. Positive gains in the jobs market may help consumers who have struggled to meet their debt obligations […]

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Consumers focus more on credit card debt than mortgage payments

U.S. consumers are more likely to pay their credit card obligations on time as opposed to their mortgage bills, according to a recent TransUnion study. The report, which included consumers with at least a single credit card and a single mortgage, analyzed 30-day delinquency data on credit cards and mortgages from the third quarter of […]

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Bankruptcy filings rise 22 percent in San Diego area

Bankruptcy filings in the San Diego, California-area increased during the past 12 months, signaling many consumers may be having trouble managing their finances. The American Bankruptcy Institute found more than 22,800 individuals and 678 businesses submitted bankruptcy petitions to the federal courts in Sand Diego and Imperial Counties in 2010, the San-Diego Union Tribune reports. […]

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Differences between authorized user and joint account holder

Parents will oftentimes open up a new credit card in order to help their adult children gain access to credit. When starting a new account, it's important parents make sure they're setting their son or daughter as an authorized user and not a joint account holder. Selecting the wrong option may cause their college-aged child […]

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Unemployment benefit cuts may cause need for credit repair

Michigan consumers who are struggling with bad credit may see some immediate help from new legislation. Governor Rick Snyder recently signed a measure that will reduce unemployment benefits for state residents in order to allow them to become eligible for additional federal employment benefits. While the move may help current unemployed individuals by allowing them to […]

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Checking credit reports for errors can help protect scores

A divorce can be a trying time for many consumers, both emotionally and financially. In a recent question and answer article with CreditCards.com, one consumer expressed concern about the inaccuracy of her address on her credit report and how that information could impact her credit score. The individual said her credit reports indicate her previous […]

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Household income dropped 23 percent during the recession

During the recent recession many consumers endured credit damage resulting from falling behind on debt payments. Now, a new report from the Federal Reserve provides some statistics that show the magnitude of the economic fallout on U.S. households. The Fed's recent report "Surveying the Aftermath of the Storm," found the average household in the country […]

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Survey finds rise in seasonal jobs

Many consumers are looking to improve bad credit by paying their credit obligations in full and on time, but don't have enough resources to meet this goal. Taking up a seasonal job may be the answer they're looking for. According to a recently released survey from Snagajob.com, hiring managers plan to not only increase the […]

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Maryland legislators propose new law on auto insurance ratings

Maryland consumers with bad credit may soon benefit from new legislation aimed at removing the use of credit scores when determining rates for auto insurance policies. The state currently prohibits home insurance companies from using credit scores to decide whether consumers are eligible for insurance, and if they are, their qualifying rate. Maryland auto insurers […]

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Credit repair may be useful tool for job seekers

A number of job seekers are finding out that their credit score is not only important for obtaining a mortgage or credit card, but is becoming a larger determinant in the hiring process. WalletPop recently shared a story about a California realtor who was forced to rely on credit cards when her business hit hard […]

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