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In What Order Should You Pay Off Debt?
Posted on October 5, 2015

Credit card debt is at its highest level in six years. The average credit card balance among households with debt stands at nearly $16,000. Everyone who is weighed down by debt wants to get out of it; however, this can prove to be a daunting task. The more debts you have, the more daunting this[...]

Modest Upswing in US Small Business Confidence
Posted on September 23, 2015

The U.S. economy continued to grow at a steady rate halfway through the third quarter, despite the recent turmoil in global financial markets triggered by concerns over slowing economic growth in China. Data on automobile sales, employment and the services sector have indicated a constant build-up of economic momentum at the start of the third[...]

What You Need to Know about "Card Flipping"
Posted on September 18, 2015

In an attempt to inspire customer loyalty, many credit card companies offer rewards in the form of travel points or cash back on purchases. However, some cardholders discard any notion of loyalty and instead pursue the benefits offered by opening and closing multiple accounts to maximize benefits. This practice, called "flipping," may sound quite tempting [...]

Friendliest U.S. States For Small Businesses
Posted on September 17, 2015

Owning your own business can be tough no matter where you live, but location can make a big difference in becoming a success. Thumbtack, a service firm, performs an annual survey that ranks 95 U.S. cities across all 50 states based on ease of entrepreneurship. Approximately 18,000 small businesses ranked their city in 36 different categories[...]

The Top Five Credit Card Myths ... Busted!
Posted on September 14, 2015

If I were to ask you what is the most common form of consumer debt today, what would you say? OK, our title gives it away. But admit it if it's true, wouldn't you have thought either mortgages or car loans? In fact, the most common form of consumer debt today is the credit card.[...]

Here's How You Can Save Thousands of Dollars through Balance Transfer
Posted on September 11, 2015

If you’re carrying a large balance on your credit card, you are probably racking up thousands of dollars in interest fees every year. Many people carry credit cards that have purchase APRs varying from 13% to 25%. This means that unless they pay their bills in full every month, they have to shell out a[...]

Construction Spending Reaches a 7-Year High
Posted on September 10, 2015

The U.S. economy is getting a boost from stronger construction activity while manufacturers are struggling from a stronger dollar that hurts the export business. Tight labor markets continue to drive gains in the housing sector. Outlays for residential and nonresidential projects were up for the eight straight months, and climbed 0.7% in July, the Commerce[...]

Are Your Teenagers Building Credit Yet? (They Can and Should Be)
Posted on August 31, 2015

If you have kids who are just about to start college, you may have realized that building a solid credit history is the least of their concerns. Most young adults do not know how credit works, or how important their credit score is. A good credit score not only helps get better rates when taking [...]

U.S. Housing on Growth Trajectory, Economy Shows Strength
Posted on August 28, 2015

Nothing seems to bother the U.S. housing market these days – not the recent stock market turbulence, instability in China nor concerns about the Federal Reserves' rate hike expected in the coming months. Home sales are rebounding, builder sentiments are near to decade highs, and consumer confidence is at a seven-month high. "It is hard [...]

Mortgage Delinquency Lowest in Eight Years, Foreclosure Inventory at Record Low
Posted on August 24, 2015

Americans are doing the best job in eight years paying their mortgages, according to the Mortgage Bankers Association. The U.S. mortgage delinquency rate fell to an eight-year low in the second quarter of 2015. Strengthening job markets and rising home prices helped borrowers, who were struggling, to sell property. The mortgage delinquency rate, which include[...]