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Author Archives: Research Department

What’s the Best Way to Consolidate Student Loan Debt?

Student Loans Concept

By Kaitlin Butler, CommonBond When even the basic term “consolidation” means different things for different lenders, the process can understandably seem daunting. But if you’re looking to save thousands on student loan interest payments — as well as time and headaches from managing multiple monthly payments — then understanding the consolidation process is critical. Here’s the rundown you need to ... Read More »

    We took a look at arbitration agreements and here’s what we found

    With a little education and guidance your life after bankruptcy will be awesome.

    Mar 10 2015 By Will Wade-Gery Tens of millions of consumers use financial products or services like credit cards and student loans that include pre-dispute arbitration clauses in their agreements. This means that either party to these contracts can require disputes be resolved through arbitration, rather than through the court system. These clauses are controversial. Critics of these clauses argue ... Read More »

      I’m Worried About Calling a Debt Collector. What Should I Do?

      blank screen mobile in woman hands

      Dealing with debt collectors can be a scary prospect. If you have ever dealt with an overly aggressive and abrupt collector, your preference for avoiding a repeat call can be understandable. Perhaps you’ve never had to call a collector, but having done some research online, are concerned you could be subjected to similar experiences that others have written about. Regardless ... Read More »

        What’s the Most Dangerous Kind of Identity Theft?

        ID Theft or Stolen Identity

        Like the thieves behind the crime, identity theft can take on many disguises depending on the information stolen. When identity theft goes undetected, these crimes can not only cost victims their money, but also their health and well-being. It’s nearly impossible to avoid identity theft, but awareness and vigilance are key to fixing the problem if you do get hit. ... Read More »

          How I Got Out of $63,000 of Credit Card Debt


          Sleepless nights.  A knot in the pit of the stomach. A gnawing sense of unease. Charles Phelan was familiar with the physical and emotional toll of debt. But usually it was his clients who were experiencing those symptoms. This time, it was his turn. He owed more than $50,000 in credit card debt and knew it was time to make ... Read More »

            Should You Ever Tap Into Your 401K?

            Dollars and Stopwatch

            Saving for retirement isn’t easy. It’s hard to forgo things now to plan for some distant day in the future. But whether you want to see the world or play golf in your backyard, if you want to be able to stop working at some point, saving up is usually necessary. Calculating how much you will need in retirement can be tricky, ... Read More »

              Swipe & Sniff: A Scented Credit Card for Women


              A bank in the Middle East released a scented credit card in January, targeting women with this financial product that doubles as a medium for self-expression. Al Hilal, the bank, says it’s the first scented credit card in the United Arab Emirates. It may be new to the UAE, but scented credit cards were introduced a while ago. Japan Credit ... Read More »

                5 Credit Cards to Help You Build Credit

                Credit cards

                Do you need to build your credit? Perhaps you are a young adult who has never had a credit card, or maybe you are a new arrival to the U.S. without a credit history here. Others may need to build credit after having gone decades without applying for any type of loan. Thankfully, the right credit card can help you quickly ... Read More »

                  Help! My Tax Refund Was Taken to Pay My Student Loan Debt


                  Many people have already filed their taxes this year — particularly those owed refunds. Because of rising taxpayer identity theft, it’s a smart idea for anyone to file quickly. However, some taxpayers are discovering the refund they thought was coming has instead has been taken to pay their student loan debt. Here’s a sample of questions recently sent to Credit.com: From ... Read More »

                    3 Spring Break Scams You Can Avoid

                    Debt Settlement Party Time

                    Though the weather in much of the country suggests otherwise, spring is nearly upon us, and for many Americans, that means it’s time for a spring break vacation. Most people looking to get away, whether they’re college students or not, search for deals that allow them to enjoy their break for a minimal amount of money. Scammers prey to consumers’ ... Read More »

                      Help! We’re Worried We’ll Outlive Our Retirement Savings


                      Jan and Tim need help deciding what to do with a lump sum of money. Call it something of a delayed inheritance. When they sold an inherited property, the couple extended a mortgage to the homebuyers. That worked nicely for years, but when the new homeowner eventually decided to get a new bank loan. That meant a windfall of $800,000 ... Read More »

                        Rent or Buy a House? The Key Is the Break-Even Year

                        hartwell kitchen

                        Housing costs is often the biggest part of any American’s budget. But when it comes to choosing where you will live there is often one major question: Should you rent or should you buy? There are several factors that go into which decision is more financially prudent for you. One number that can help you figure out what is the better ... Read More »

                          Legal Issues Surround Quitclaim Deeds


                          There are various types of real estate (land) deeds. Having a deed may document a claim of ownership but does not guarantee actual ownership, as the old jokes about selling or buying the Brooklyn Bridge illustrate. Many types of deeds allow recourse against the grantor (maker of the deed) if certain subsequent title problems occurs. This comment briefly notes in ... Read More »

                            5 Ways to Slash Your Monthly Expenses


                            It can often seem like your monthly income flows right back out. If you feel like your money is gone before you even have a chance to choose where it goes, you may need to get a handle on your finances. Regular monthly expenses can fill  your budget easily, leaving less money to spend now and save for the future. ... Read More »

                              5 Things You Absolutely Need to Find in Your Credit Reports

                              Your Credit Score Sucks

                              You probably already know it’s a good idea to review your credit reports and your credit scores. But what happens when you get a copy of your credit report and you aren’t sure what to make of it? In a recent survey by Credit.com, 27% of consumers who said they had reviewed their credit reports were surprised by some of the ... Read More »

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