Tag Archives: current events

Why Your Bank Wants to Be Friends on Facebook

Well, another Friday is upon us and we wanted to bring you the most interesting debt-related news of the week. There was a lot going on this week, as banks got more Facebook savvy, new census data showed us how many Americans are in poverty, and Congress tried to fix the finances of the federal government:

You’re Already in Student Loan Debt… Now What?

Student Loan Calculator

If, like 58.8% of college graduates, you’ve found yourself in student loan debt, you’re likely feeling overwhelmed and burdened by the amount you owe. Not to mention intimidated by the horror stories of graduates who can’t find work and are unable to make their loan payments. Where do you even begin?

Are You a Binge Shopper?

Whew, we made it to Friday — hope your week included lots of satisfying work, some time for relaxing, and above all, no debt! Before the weekend is upon us, we wanted to discuss a few things that have been in the news this week that might relate to you and your financial goals.

What You Need to Know About ‘Balance Transfer Day’

On the heels of Bank Transfer Day, a new day of protest against big banks is garnering headlines: it’s called Balance Transfer Day and is being promoted on Facebook and other social media sites. The idea of Balance Transfer Day is that people should use December 11, 2011, as a day to find better interest rates so they can move…

Credit Card Usage On the Rise Again

Apparently our national obsession with credit cards is still very much alive. A report today shows that the amount of purchases made using a credit card rose 10.6% in the third quarter of this year (and had risen 9.0% in the preceding quarter). This comes despite the fact that late payments are still much more common than they were before the…

Protect Yourself from Debt After Death

Let’s make one thing clear right off the bat: You don’t have to pay the debts of a family member or relative who has passed away. This weekend, the Wall Street Journal reported that debt collection agencies are increasingly targeting loved ones in their attempts to recoup money owed by a deceased family member despite the fact that there is…

3 Years After Credit Bubble Popped, Late Payments Are Still Common

It might not come as a surprise that the global financial crisis and the bursting of the credit bubble are still hurting Americans. But there’s nothing like seeing the actual data. New numbers released by the Federal Reserve this week show that the number of people who are delinquent on debt payments is much higher today than in the “pre-crisis”…

Surprising Facts About Black Friday 2011 [Infographic]

This Black Friday, 226 million people all over America poured into the malls and logged onto the e-commerce sites in record breaking numbers to the tune of $52 billion in sales by the end of the weekend. That’s a lot of people and a lot of moola! But…Just what exactly do these numbers represent? Check out our infographic for some…

Record Spending on Black Friday? Not for Our Users!

Over the past couple days, newspapers across the country have announced the onset of the holiday season with headlines like “Shoppers Set Spending Record” and “Black Friday Sales Break Records.” Apparently, the preliminary consumer spending numbers are in, and they point to a record Black Friday weekend for retailers. But there’s one group of people who didn’t participate in breaking…