Electronic Mortgage Documents Easier To Understand, Provide More Benefits For Consumers

Electronic Mortgage Documents Easier To Understand, Provide More Benefits For Consumers

If you’ve ever bought a house, you’re more than familiar with the mountain of paperwork you have to deal with at closing, not all of which are easy to understand.  But a study claims that homeowners who utilize a newer electronic method for reviewing closing documents may better comprehend what they’re signing. [More]

Military Personnel Face Student Loan Issues Despite Required Protections

Military Personnel Face Student Loan Issues Despite Required Protections

The Servicemembers Civil Relief Act (SCRA) provides a number of protections for military personnel and their families when it comes to private and federal student loans. While these benefits aim to alleviate the burden servicemembers face when paying back their educational debts, a new report from the Consumer Financial Protection Bureau shows that many student loan servicers continuously fail to uphold their end of the SCRA requirements.  [More]

(Sybren Stüvel)

Nearly 70% Of Consumers Rely On Online Reviews Before Making A Purchase

Everyone has an opinion, and nowadays most people are willing to share it; for better or worse. So it shouldn’t be surprising then – what with the sheer number of outlets available in which consumers can express their feeling about products and services – that nearly seven-in-ten consumers actually base their purchases on the digital recommendations of strangers. [More]

(sussmanb)

Report: Avon Looking At New Business Strategies, Including A Possible Sale

Once upon a time, Avon was the household name when it came to direct-sale beauty and personal care items. But those days are gone and the company has struggled in recent years to remain relevant and profitable. It appears those issues may be taking a toll on the once prominent company, as a new report claims the company is looking into alternatives for business.  [More]

(Enokson)

Study: Self-Driving Vehicles Could Eliminate 90% Of Car Accidents In United States

Although we’re likely a decade or two away from every person on the block owning a driverless car, when the time comes we could be saving billions of dollars and spending far less time dealing with auto accidents. [More]

The CFPB found 82% of loans are 
renewed within fourteen days, and this percentage varies by only three percentage points across 
the three groups of states.

4 Out Of 5 Payday Loans Are Made To Consumers Caught In Debt Trap

The revolving door that is the payday lending debt trap is real. The high-interest, short-term loans may even be more damaging to consumers that previously thought. Four out of five payday loans are rolled over or renewed every 14 days by borrowers who end up paying more in fees than the amount of their original loan, a new Consumer Financial Protection Bureau report finds. [More]

Taking Credit Card Offers Hurts Your Credit

Taking Credit Card Offers Hurts Your Credit

Last week, I wrote about how to turn your good credit into cash. I purposely excluded credit card offers from the list because I wanted things that, should you implement them, wouldn’t hurt your credit. Today, I want to warn to the overzealous.

Legal Uses of Your Credit Report

Legal Uses of Your Credit Report

Once upon a time, credit reports were used only for credit. Now, companies use it for a lot of decisions. Find out what is legal and what is not.

Where to Get Credit Report & Credit Scores

Where to Get Credit Report & Credit Scores

Don’t buy a credit score from anyone other than the credit bureaus or Fair Isaac, makers of the FICO score equation, and don’t buy a credit report from anyone, you can get your credit report for free by law.

FICO and FAKO Credit Scores

FICO and FAKO Credit Scores

Have you ever heard the term FAKO score? What about FICO score? Seasoned Consumerist readers will know the difference but if you’re new to the whirlwind credit industry, you may not.

Understanding Credit Utilization

Understanding Credit Utilization

With the recession, a lot of personal finance experts have started dispensing credit advice. They advise that you never cancel cards because it’ll hurt your score. Do you know why?

HMOs Fail To Screen For Cancer, Major Diseases

HMOs Fail To Screen For Cancer, Major Diseases

12 million Californians are at a greater risk for cancer and other major diseases thanks to HMOs that fail to provide adequate preventive care, according to a Health Care Quality Report Card produced by the California Patient’s Advocate.

America’s 12 Most Dangerous Employers

America’s 12 Most Dangerous Employers

Today is Worker Memorial Day, commemorating workers who have died on the job. To “celebrate,” the nation’s 12 most dangerous employers were named in a report released this week by the National Council for Occupational Safety and Health (NCOSH).