People who work blue-collar jobs or live in low-income areas pay more expensive car insurance, according to studies. This is why, according to studies, about 14% of people who drive the mean highways of the United States do so without auto insurance. The costs are so high, in fact, that it’s a big reason why [...]
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Most people would think that middle class income earners have fewer problems with credit card debts. But it’s actually the opposite, according to the statistics of Credability, a non-profit debt management company. Credability is in charge of negotiating credit card rates with different companies, therefore helping people in debt gradually pay off his liabilities from [...]
The cost of living seems to be continuously on the rise and this can make saving money something of an impossibility. However, there are a number of simple changes you can make to ensure that you have a little to put by at the end of each month. Never pay full price again We are [...]
Achieving and maintaining a good credit score is crucial. Your credit report file, which contains your credit score, is an important source used by companies to ensure your credit worthiness. Having a good credit score is needed for the approval of almost any type of financing including credit cards and the purchase of a home [...]
The results of the consumer credit survey conducted by the Federal Reserve are astounding. As of November 2011, many Americans have accumulated massive amounts of credit card debt and loans. Consumer credit is defined as the debt that someone sustains after purchasing services or goods. The report showed an 8.5% increase in revolving debt, which [...]
In a study conducted by Pew Research Center, results showed that the discrepancy between the rich and poor people of the United States has become one of the leading problems of the American society. This issue first came about in the 1970’s. As of now, the people from the top 20% of the income bracket [...]
After the credit crunch, the last person lenders wanted at their doorsteps is a borrower with a tarnished credit record. However, that attitude did not last. According to a recent report by a marketing research firm, Synovate, in the year 2010 lenders approached 207 million potential borrowers about the possibility of establishing a new relationship [...]
Is your current credit card interest rate driving you crazy? There are two relatively easy options for your financial predicament. You could either switch card companies or talk to your current card company. However, you may want to try talking to your current card company before taking drastic measures. There must be a good reason [...]
Your credit score is your credit worthiness. A low credit score means you will have problems convincing any lender to give you money on reasonable terms. It also means you have trouble paying your debts in a timely fashion, thus you repay them at higher interest rates than normal. You do not have to stick [...]
Spurred by the recent recession, New York Times report, a new trend in the job market has been quite evident: middle-class jobs that require no more than high school diploma which has become a thing of the past. Apparently, the job market has become even more competitive hence earning a high school education is not [...]
Credit unions hope to join the highly competitive mortgage loan market. Although mortgage rates offered by these credit unions are not that inviting, they are aggressively campaigning their flexible terms and lower fees. In fact, some credit unions now offer loose membership rules that allow loans for people working for non-member labor unions or companies. [...]
Sexism refers to a form of discrimination that is based on one’s gender. It is popularly referred to as gender discrimination. This form of discrimination comes from stereotyping without any consideration given to a person’s abilities. It also occurs as a result of prejudices of particular issues relating to people of a particular gender. Sexism [...]
When the nation’s largest lenders rejected more mortgage applications than ever before, their actions threw light on how cautious banks have become and how this is obstructing the growing housing market recovery. According to The Wall Street Journal, 26.8% of loan applications were refused by the 10 largest mortgage lenders of the country in 2010. [...]
Despite reports of slow economic recovery, many households are still facing acute financial problems. A study conducted by the University of Virginia revealed that nearly 10% of households in Virginia use personal loans regardless of their interest rates and payment terms. Of these, 120,000 or 4% take advantage of payday loans, 95,000 or 3% use [...]
As tuition fees continue to rise, college debt is also on the rise, but surprisingly college students don’t consider them as a burden. According to FinAid.org, students graduating from college will have no less than $23,000 worth of debt after completing a degree. In a survey conducted by Sallie May, the student lending organization, in [...]
According to numbers, consumer borrowing in America is out of control. In fact, borrowers who raised money to mortgage a house spend majority of their income on paying off their mortgage and other loans. To address this uncontrolled consumer debt, a federal proposal, set to be finalized before the close of this year, would like [...]
The Senate finally voted Wednesday on one of the pressing debates on the floor — cutting on debit card swipe charges. Central to the debate is the proposed plan to allow the Federal Reserve to slice current charges that merchants need to pay banks every time consumers use their debit card. The Senate’s split decision [...]
While everyone thinks the economy is starting to regain its momentum, the housing market is starting to plunge again. Reports released this past week show home prices plummeting to an all time low since post-Recession last March. Data indicates that the housing market will continue to face turbulent trending despite the glow of the economy. [...]
Undoubtedly, the internet has made the world a lot simpler and opened boundless frontiers, especially for the economy. Although America is credited with inventing this technology, not all Americans have access to broadband. A report issued by the Federal Communications Commission estimates that around 100 million Americans do not have access to the internet. Of [...]
The travel and tourism industry is probably one of the most lucrative businesses today. With millions of retirees and travel enthusiasts, this industry continues to grow at a tremendous rate. Groupon and Expedia unveiled its new venture, the Groupon Getaways, which offers competitive rates and deals for travel and hotel accommodation. With such an ever-growing [...]
Individuals diagnosed with cancer continue to grow in number at an alarming rate every year. A study conducted by the World Health Organization concludes that cellphones are “possibly carcinogenic.” This finding puts cellphones in line with other carcinogenic compounds such as pesticides, lead, dry cleaning chemicals and exhaust gases. According to the WHO’s International Agency [...]
In a world where every dollar counts, not making the right choices while using your credit card may hit you hard on your wallet. Irrespective of the fact that you’re going through a credit crunch, the different credit card offers in your mailbox may seem to be an answer to all your prayers. Though getting [...]
It is understood that everyone has a routine that includes work, family and recreation. But when it comes to balancing them together, most of us falter. Even after returning home after ten or eleven hours of tiring office work we have the same files, pending work and bosses running through our heads. With more and [...]
Until now, wallets and mobile phones have been two different entities but now that is no longer the case. By carrying a Google Smartphone you can combine the two. The tech giant has introduced its latest invention in New York and has created a revolution, not just for the corporate and business community, but also [...]
Coffee lovers may not notice it, but coffee prices have overtaken gasoline prices in the past year. As of April this year, a one-pound can of ground coffee costs $5.10 which is 40% more than the previous year, said the US Department of Labor. In contrast with oil prices, one gallon of regular gasoline averages [...]
According to a study conducted by the National Bureau of Economic Research, five out of ten Americans would struggle to raise $2,000 should some straitened circumstances come their way. Additional expenses, such as an unforeseen home repair or unexpected auto accidents, sudden legal expenses or a major medical bill, would definitely take a toll on [...]
Over the past few weeks, gas prices have become very erratic, with unpredictable upward surges. The current political and economic climate of the world has tremendously affected the movement of gas prices. With Memorial Day weekend fast approaching, there is good news for residents from all over the country who are looking for a road [...]
Undoubtedly, a college degree means a lot. An analysis conducted on the estimated lifetime earnings of 171 college degrees gives a better understanding of the labor market. As it appears, choosing the right college degree can make you richer by $3.64 million. And engineering college degrees in the right field can definitely make a difference. [...]
Embed this image in your website: <a href="http://www.creditseason.com/wp-content/uploads/2011/05/federal-debt-limit.jpg"> <img title="Federal Debt Limit" src="http://www.creditseason.com/wp-content/uploads/2011/05/federal-debt-limit.jpg" alt="Federal Debt Limit" width="500" height="1407" /></a> [Source: <a title="Credit Season" href="http://www.creditseason.com">CreditSeason.com</a>] What is the Federal Debt Limit? Department of the Treasury defines the debt limit as the total amount of money that the United States government is authorized to borrow to meet [...]