For the past few years, money has been tight for everyone. In this tough economy, how are some ways you can make sure you’re living within your means and not accumulating too much debt? Here are some ideas.
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Today, most U.S. banking customers know that the FDIC is a federal agency that insures the money you deposit in your bank. Still, there are many questions surrounding the FDIC, like what it does and does not insure, how much is ‘covered’ and how the insurance works when a bank fails.
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Predatory lending is a practice wherein a lender forces you into abusive or unfair lending terms. This can be in the form of high interest rates, unreasonable penalties, and hidden fees that aren’t part of the mortgage contract.
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While researching reverse mortgage information, most seniors ask the same few questions. Many seniors want to know how to qualify, how much they can borrow, and whether a reverse mortgage is their most beneficial option. These questions, however, are not the only ones that consumers need to be asking.
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Though the credit card debt that the average senior citizen holds is almost half the debt that the average American carries, that can still mean thousands of dollars.
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Some particularly evil criminals try to make a living stealing from senior citizens. We break down some of the top scams that target seniors and how to protect yourself or a senior loved one from becoming a victim.
Read more →We think we are saving money, but we’ve never actually sat down and done the math. You could be surprised if you did. Here are the top five money saving myths that we fall for.
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If you have been the victim of identity theft you can immediately take action by placing a fraud alert on your credit report. This will prevent an identity thief from opening any more accounts in your name. You can also take more severe action by placing a credit freeze on your report if your state law has provided this remed
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Should you own your home free and clear before you retire? Really, the question to ask is: should you pay down low-interest debt, or should you invest the money into a tax-advantaged account that could potentially bring you a higher future return?
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Seniors and retirees considering divorce late in life have financial challenges including estate planning, retirement benefits, health insurance and more.
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