NAHB chairman implores Congress to restore higher mortgage limits

The chairman of the National Association of Home Builders recently called on lawmakers to pass legislation that would reinstate higher loan limits for consumers who are seeking to refinance their mortgages. The upper loan limits for mortgages which could be backed by Freddie Mac, Fannie Mae and the FHA dropped on October 1. However, some […]

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Credit card delinquency rises for first time in two years

For the first time since the fourth quarter of 2009, consumers' credit card delinquency rate rose this past quarter, a new report indicates. According to TransUnion, the ratio of of borrowers 90 or more days past due rose to 0.71 percent between July and September, which translates to an increase of $63 per borrower. This […]

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Credit changes that have taken place in 2011

Perhaps in order to improve customer relations, many credit card companies have enacted policies this past year that are beneficial to the consumer. To help individuals determine what these changes include, LowCards.com recently reviewed some of them. A significant change was the removal of the foreign transaction fee by some lenders. According to the source, […]

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Holiday shopping tips to help keep spending low

As the holiday season approaches, the National Foundation for Credit Counseling is arming consumers with some shopping tips so that they can take advantage of all the discounts offered by retailers. For instance, before heading to stores, NFCC advises consumers to shop online first. This will help consumers find the best discounts quickly, enabling them […]

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Builder sentiment jumps for second-straight month

Home builders' sentiment about the state of housing has risen three points, a new report confirms. The National Association of Home Builders' Housing Market Index, which gauges builder perception of sales expectations and construction activity, jumped to 20 in the month of November. Commenting on the increase was Bob Nielsen, chairman of the NAHB, who […]

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Consumers often unaware of credit card rewards benefits

A new study that analyzed how consumers accumulate and redeem rewards points they accrue on their credit cards reveals finds that these individuals are often missing out on discounts, particularly during the holiday season. According to the Capital One survey, approximately 75 percent of consumers polled said they were unaware that their credit card company […]

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Just 3 percent would continue using debit card if fees were charged

Only a small percentage of consumers say they would continue to use their debit card as they do normally if their bank began charging a fee. According to the study conducted by the National Foundation of Credit Counseling, just 3 percent of 2,400 respondents said usage fees would not force them to conduct their financial […]

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Few say they have more to be thankful for this year

With Thanksgiving just around the corner, a new poll indicates consumers believe they have fewer things to be grateful for in 2011 than they have in years past. The Harris Poll found that just one-third of respondents were more thankful this year for the things they had, with approximately two in five saying they were […]

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Alaska has highest credit card debt, report indicates

Consumers in more than 30 states saw their credit card debt rise in the month of October, a new survey indicates. According to CreditKarma.com, 32 states increased their average credit card debt levels, with the largest jumps in terms of percentage seen in Alaska, Hawaii, Minnesota, Rhode Island and Massachusetts. "Consumers need to be aware […]

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Study links credit scores with personalities

A recent study finds there may be a link between consumers' credit scores and their personalities. Researchers at Louisiana State University, Texas Tech University and Northern Illinois University found, contrary to what many might think, agreeable people were actually linked to lower credit scores than people who were more rude. Those involved theorized that some […]

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