Archive | Credit/Debt

Inquiring Minds

These days, everyone from prospective employers to cell phone service providers are looking at your credit report. But not all credit report inquiries are created equal. As reported on Mainstreet.com, a “soft inquiry” is made when you request your free credit report or a company where you’ve applied for a job pulls your report. Such […]

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New Ways to Pay Off Student Loans

For those struggling under the weight of too much student loan debt, some new forms of relief are now available. Those working in low-income fields may be eligible for an Income-Based Repayment Plan, which became available the first of this month. An article on Kiplinger.com used an example of someone making $20,000 per year with […]

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An Unsettling Approach to Debt

The New York Attorney General’s office has announced an investigation into 14 debt settlement companies across the country, which it says “often prey upon consumers who find themselves unable to keep up with credit card payments in these difficult economic times.” In a recent press release, Attorney General Andrew Cuomo described debt settlement as a […]

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Irrational Money Moves

Some of the most interesting (and odd!) research about money comes from behavioral economists and psychologists. As noted in a recent Economist article, one study found that diners tend to spend more in a restaurant named “Cafe 97” than one named “Cafe 17.” Another study looked the behavior of people who carry a balance on […]

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A Credit Score Game Changer

Even if you make no changes in how you use credit, your credit score could change for the worse in the near future, according to a story on MarketWatch.com. The issue is that credit card companies are lowering some people’s credit limits because more people are falling behind on their payments. With a lower credit […]

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