As the August 2 deadline for raising the debt ceiling grows near, several economists and organizations, let by Warren Buffett, are calling for an end of the debt ceiling entirely, arguing it is nothing more than an “artificial limit” that ends up wasting time in Congr …

Filed under: Credit, Credit Cards, Insurance, Real Estate Market, Refinance, VRN | No Comments »

New rules just implemented will make it easier for people to correct inaccurate information contained in their credit reports.

Filed under: Commentary, Credit, Credit Cards, Current Events, Money-Saving, VRN | No Comments »

Trulia.com and RealtyTrac recently surveyed U.S. adults to get some insight into what people *think* is involved with buying a foreclosure. Here are the Top 10 Myths that came up, and the facts to set the record straight…

Filed under: Commentary, Credit, Current Events, Foreclosure, Mortgage, Real Estate Market, Short Sale, VRN | 1 Comment »

Starting June 1, 2010 Fannie Mae is going to implement some changes to their underwriting process. Most of them are minor and will not have any impact, but the one that MAY change things is the lenders will be pulling a NEW credit report prior to ordering loan documents and/or closing.

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She was startled by what happened next. When she swiped her debit card at the grocery store, it was declined. It turned out Capital One Bank had taken $224.25 from her paycheck, a quarter of her wages for two weeks of work at a retail chain, and her bank account was overdrawn.

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LifeLock provides a proactive identity theft service, specializing in the prevention of identity theft rather than the reporting of it. LifeLock was founded in 2005 and is already considered the industry leader. Lock down your private information.

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Image by Getty Images via Daylife DEAR BENNY: I am shopping for a new mortgage (I will refinance about $160,000 remaining on a condo worth about $300,000) and discovered my mortgage holder wants about $2,200 in closing costs. I just financed with this bank three years ago and have stellar credit. There seems to be [...]

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President Barack Obama will meet with chief executives of major banks on Monday and is expected to urge them face-to-face to lend more money to help promote economic recovery, banking sources tell POLITICO. A source familiar with the planning said invitations went out to CEOs last weekend for what will be a morning session at [...]

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