Experts attribute the willingness of Americans to spend savings to the upsurge in real estate values. But this is a false security.

These loans have more than one name. A popular name is “payment options” loans. But they all have one thing in common: The minimum monthly payment is not enough to cover the …

in Massachusetts, state law prevents banks from charging prepayment penalties on your mortgage after one year if you sell your house and after three years if you are just refinancing.

The CFA found that monthly finance charges on these loans were as high as 25 percent per month. Annual rates are usually not posted because they are unbelievably high. The Mafia would be …

Only one of seven agencies surveyed told potential clients that the credit counseling fee could be reduced or waived, depending on their income.

The FCRA also provides you the right to “Opt-Out”, which prevents Consumer Credit Reporting Companies from providing your credit file information for firm offers of credit or insurance that are not initiated by you.

I have no faith that credit repair organizations are ever worth the money. They usaully make promises that cannot be kept. Sometimes they promise to do things that are illegal (like setting …

For those who have equity in a home and are 62 or older, the so-called reverse mortgage can be an effective generator of income, which can be used to pay off debt or for living …

I talked to a man today who agreed to sign up for a credit card he did not need because they had a special promotion at the store at which he was shopping. He …

Credit cards, even if you do not use them for borrowing, offer far more protection under federal law than debit cards. If you use a credit card to buy something and there is a …