Citibank announced yesterday that it was raising rates on about 20% of its credit card customers. Other credit card companies are doing the same and cutting credit limits.
Fannie Mae, Freddie Mac, and Citi have announced plans to cut mortgage payments or princpal on some loans and extend payment terms on others. Cutting principal, where do I sign up.
The SEC shut down Lending Club in March, then Prosper, and finally Loanio this week....Regulators have concluded that loans created in these networks are in fact securities and must be registered...
Schwab is launching a new credit card called the Bank Invest First Visa Signature Card that rebates 2% back on purchases. That's one of the highest rebates percentages I've seen.
Good summary of the social lending, or P2P lending market. In it, site's enable users to lend to each other, bypassing banks altogether. It's nascent but has potential.
Out of the 10 things mentioned in the article, I found 3 to be most interesting and useful to know.
The Maximum Liability For Unauthorized Use Of A Credit Card Is $50 According To Federal Law...
Mortgage rates spiked nearly a quarter of a percentage point this week on inflation fears, trouble with Fannie Mae and Freddie Mac, and overall bank weakness.
Think you immune from the credit crunch because you have good credit and aren't going to sell your own anytime soon. Thing again? Here are five ways in which you might also be impacted.
A good credit score is your ticket to a home or a car or a credit card, and a slip-up can come back to haunt you.
The 4th way is to avoid applying for new credit cards that you don't need. The...
Techcrunch reports that Lending Club, the Facebook exclusive person-to-person lending service has passed the $100,000 mark in loans to Facebook users.
Maybe this is impressive but from a banking...
BestCashCow provides information on the best CD (certificates of deposit) rates, the best money market rates, the best savings rates, and more - as well as financial information that can help you make better decisions with your money.