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News

2016

June

28
  • Readers share disastrous stories of co-signing loans. It’s tough to establish yourself financially, so I understand when people seek help from others. Sometimes the appeal for assistance is asking someone else to co-sign a loan. My rule if you ever get such…
  • Swipe your card? Or dip?. The switch from magnetic stripe credit and debit cards to chip-enabled ones was always going to be more marathon than sprint: Millions of new cards must be manufactured and distributed, and any business that accepts payments —…
27
  • Rates on federal student loans are falling. College students will get a bit of a break for the coming academic year: Interest rates on new federal student loans they take out are dropping. The rate on direct loans for undergraduates will be…
23
  • Corinthian Colleges used recruiting incentives. Corinthian Colleges, once one of the nation’s largest for-profit education companies, engaged in apparently unlawful practices by paying its recruiters based on how many sales leads they converted into actual students, according to documents unsealed…
21
  • Changes at Costco: What you need to know. Costco switched credit card providers to Citi Visa on Monday, ending its 16-year relationship with American Express, creating some big changes for many among the wholesale club's 81.3 million members. Now, Costco's TrueEarnings American Express can no longer be…
  • Get cash back for your student loans. It's simple. Buy stuff with this new debit card and you'll reduce your student loan debt.  The card offers 1% cash back on all your purchases and the money will automatically transfer to your student…
20
  • Should I open a credit card in college?. Opening up a credit card while you're young can generally be helpful to your all-important credit score. That's because the earlier you open up an account, the longer your credit history.  But with great spending…
17
  • Seniors, there's a financial scam in your future. Wednesday was World Elder Abuse Awareness Day, aimed at educating the public about various ways seniors can be taken advantage of.  Seniors lose more than $36 billion a year to financial abuse, according to a…
16
  • Here's why companies leave you in the dark about hacks for months. Companies breached by computer hackers must inform customers that their personal information has been compromised. But when?  Being immediately upfront with customers gives victims time to clamp down on accounts to avoid theft or other damage. Notifying users…
15
14
  • Payday loans: Feds proposed rules to end debt trap. The new rules would cover a variety of small-dollar loans marketed to financially vulnerable consumers, such as payday loans, auto title loans (where the vehicle is used as collateral), high-cost installment and open-ended loans.  The…
  • Why you still can't trust your financial advisor. If you haven’t already, expect to hear from your financial advisor soon about a great new investment opportunity for your IRA. The reason: There’s a loophole in a strict new rule that requires advisors to act…
13
  • What college didn't teach you about money. It's going to feel awesome earning a paycheck, but less so to start paying rent, utilities, and a credit card bill. Got student debt? You'll have to start paying off most of your loans in…
10
  • Getting a reverse mortgage, but not from a celebrity. If you don’t have a reverse mortgage and don’t know anyone who does, your familiarity with the product probably comes from television commercials. There, often late at night, Pat Boone and Henry Winkler have peddled…
 

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