Finance

Banks like the low interest rates that stop savings and investments

More U.S. consumers want to save their money by cutting debt. Interest rates are staying low as the Federal Reserve wants to prevent a double dip recession from occurring. Record-low interest rates are fattening bank bottom lines. Low interest rates like these make it so banks pay less but nevertheless collect quite a bit on ...

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A double dip recession is certainly possible

Some economists look for sunshine and rainbows, others search for signs of the coming Apocalypse. Economic data from the last few months leads some to think a double dip recession, where the economy falters, starts to recover, then tumbles again before bottoming out, is beginning to become a real possibility. Many think the fallout could ...

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Medical credit cards raising eyebrows and legal questions

The New York state attorney general has launched an investigation into credit cards for medical purposes. These high-rate credit cards are marketed to patients that need money now, often when they're already within the doctor's office. These cards, which offer an instant money advance to pay down medical bills, are often marketed with allegedly deceptive ...

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Social Security customers, beware bank personal loans

Those who receive Social Security likely aren't in a position to give their money away. That's why there is a plan on the table to eliminate paper Social Security checks entirely. The Treasury has plans to phase the checks out by 2013 and send funds via direct deposit and prepaid debit cards, writes The Wall ...

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Take steps to raise the number after finding out your credit score

Knowing your credit score is one of the most basic fundamental of credit repair. Knowing what affects your credit score is even more important. And even more significant than that is knowing what you can do to improve your credit score. Getting your credit score is free Doing something about your credit score is easier due to ...

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