Earlier this year, I set up a payment plan with a medical provider. But the billing office made an error and the next thing I knew I was receiving threatening messages from a third-party collections agency, informing me that I needed to pay the $2,500 debt immediately … or else.
It’s winter, when energy costs can add up faster than a sudden snowfall. Most of us are eager to take the right steps to keep our winter utility bills as low as possible.
A deed of entrust, including your home equity loan or line of credit (HELOC), is recorded for public record upon closing a loan, which means anyone, including a scam artist, can take a look at that record at your town hall. They can find out how much you borrowed and glean other personal information they can then use to rip you off.
Since a home equity loan or HELOC represent a large chunk of money, it's important to safeguard it from crooks. Here's how:
Banking is usually straightforward. Your paycheck shows up in your account via direct deposit, you pay your bills with Bill Pay, and you withdraw your spending money from the ATM. Everything's easy and hassle-free.
Every now and then, though, you run into a rule or regulation that catches you short. While some of these regulations impact your financial life in minor ways, others are quite the opposite.
Here are 5 ways banking regulations can affect your everyday financial transactions:
Topics: Personal Finance
Living on a fixed income is hard for anyone, but for senior citizens, it’s especially challenging. Rising health care costs, insufficient retirement benefits, and longer life expectancies make a fixed income even more difficult. With limited dollars stretched in too many directions, many retirees have turned to credit cards to cover the shortfall. As a result, an increasing number of seniors find themselves having to repay large balances while still needing to cover necessary living expenses. However, if this sounds like you, don’t worry. You can take steps to relieve the pressure.
Ok, you're muttering to yourself: What could possibly be good about a credit card with a higher interest rate?
But hear me out. There are actually 3 good reasons a high-interest credit card can work to your benefit:
Our wallets, unlike our waistlines, tend to thin out over the holidays. Consumers are expected to spend, on average, more than $1,000 on gifts, decorations and candy this holiday season, according to the National Retail Federation.
Like battling the mall crowds and untangling decorations, bracing for the financial impact has become an unwelcome but seemingly inevitable holiday tradition.
But what if holiday presents could save or even make money? Here are some gift ideas that do exactly that, if not immediately on receipt, then in the long run.
There are two sides to the engagement coin: it’s a time full of love & joy, and it’s also a time full of stress and to-do lists. Not only are there literally hundreds of decisions to make, nearly all of them come with a cost. Some couples even opt to take out a personal loan to fund the wedding of their dreams.
Topics: Life Changes
Bluetooth technology, which has been around since 1989, has experienced explosive growth in use over the past decade due to the combination of lower-priced hardware hitting the market and innovations in power consumption and range, thanks to products like Apple’s AirPods. Legislation in many states restricting use of cell phones while driving — including here in Massachusetts very soon — means that Bluetooth has become the de facto standard to listen to and communicate through cell phones.