Consumer Loans

How Do Car Loans Affect Your Credit?
November 15, 2013

How Do Car Loans Affect Your Credit?

Public transit has become a way of life for many young adults and city dwellers, but the convenience of having your own car is an advantage that many people can’t pass up. Of course, that convenience comes with a cost. As of August of this year, the average price of a new car was $31,252, […]

Credit Report Credit Score
November 8, 2013

Credit Reports vs. Credit Scores: What’s the Difference?

  As a consumer and a television viewer, you hear the terms “credit report” and “credit score” all the time. Contrary to popular belief, though, these terms are not synonymous. Credit reports and credit scores have different formats, different uses and different availability, and as a consumer it’s important to be familiar with each and […]

Car Loan
November 4, 2013

3 Mistakes to Avoid When Financing a Car Purchase

  Picking out the make, model, color and all of the bells and whistles is the fun part of buying a new car. More difficult (and more important), though, are the decisions associated with financing that car purchase. After all, your auto loan and monthly payment decisions will affect your finances for years to come. […]

Credit Check
November 1, 2013

Hard vs. Soft Credit Inquiries: What’s the Difference?

  Whether applying for a personal loan or interviewing for a new job, at one point or another you have probably been the subject of a credit check. Also known as a credit inquiry, this is a standard procedure that many financial institutions, companies and employers use to gather more information on a consumer’s credit […]

Car Purchase
October 28, 2013

Should I Buy Or Lease A Car with Less-Than-Perfect Credit?

  If you’re in the market for a new car, there are a lot of important decisions in your future, from financing to features. One of the first things you’ll need to determine, though, is whether you want to buy or lease an automobile. Both buying and leasing have their advantages, so it’s not an […]

Online Banks
June 26, 2013

What’s the Deal with Online-Only Bank Accounts?

From keeping in touch with friends to purchasing groceries, the Internet is changing the way we complete day-to-day tasks. But will online tools eventually replace the traditional bank branch? A 2012 study from Javelin Strategy shows that of those who are banked, about 11% say they would like to switch financial institutions at some point […]

Kids Money
June 21, 2013

5 Ways to Teach Your Kids About Money

One of the most valuable skillsets you can pass onto your child is a knack for personal finance management. The sooner your child forms healthy money habits, the better. While it helps to lead by example, it’s also important to sit your kids down and talk openly about money, teaching important lessons along the way. […]

Retirement Fund
June 19, 2013

Retirement Savings on the Line for Unbanked Older Adults

Studies show that a substantial portion of Americans of all ages are living, earning and spending without bank accounts. But how does this trend play out specifically among older Americans? And how does the lack of traditional financial services affect their retirement savings? Let’s take a look at some of the statistics to find out. […]

June 10, 2013

Why Are One Quarter of Americans Unbanked or Underbanked?

From security to interest income to everyday convenience, bank accounts offer a number of important advantages. Why then do 17 million Americans lack access to any type of formal bank account? First and foremost, let’s take a closer look at the terminology, which is widely used by the FDIC and the finance industry but not […]

College Dropout Debt
June 3, 2013

Student Loan Delinquency Skyrockets Among Dropouts

There are countless programs in place to help high school students to make it to college, but what happens from there? Data shows that the college dropout rate is on the rise in America. Pathways to Prosperity, a 2011 report from the Harvard Graduate School of Education, points out that just 56% of college students […]