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Money > Credit & Debt Management

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5 Vital Factors of Your Credit Score

As lawmakers and credit bureaus reach and agreement to protect consumers, make sure you have…

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Want to Boost Your Credit Score? Pay Your Parking Tickets

How unpaid tickets put a big dent in in your credit report

Parking tickets are considered debts to cities or municipalities. That means credit bureaus treat them…

By Stacey Tisdale

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BE Modern Man: Top 5 Apps to Get Your Money Up

Stay on top of managing your money without the hefty fee of a financial planner

Stay on top of managing your money with these five smartphone apps—without the hefty fee…

By Cristie Leondis

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Millennial CEO Latasha Kinnard Speaks To College Grads On Coping With Student Loans

Here are five smart ways new grads can reduce the burden of student loan debt

Millennial CEO Latasha Kinnard shares five smart ways that new college grads can reduce the…

By Roz A Gee

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Getting Your Boss to Pay Your Student Loan Debt

Trading loyalty for debt relief

Colorado Representative Kathleen Collins “KC” Becker proposed a bill that can give qualifying workers up…

By Stacey Tisdale

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4 Emotions You Must Keep In Check To Protect Your Finances

When we know that a money habit is not good for us, but we do it anyway, the issue is usually not a matter of financial literacy

Improving your finances is never just about boosting your financial literacy. It is also about…

By Alfred Edmond, Jr.

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Jean Shafiroff, B Michael, and Mary Wilson (Image: Ed Forti)

Financial Literacy Month: Stars Gather to Celebrate Financially Savvy Skaters

Program building champions on the ice and leaders of their communities

A-list celebs and figure skating royalty gathered in New York City recently to celebrate nonprofit…

By Stacey Tisdale

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childgirlpiggybankmoney300232

Financial Literacy Month: Becoming the Financial Role Model Your Child Needs

Using the power of love to make the right financial choices

Tips to help you become the financial role model that your child needs.

By Stacey Tisdale

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Black Women Behind on Retirement Savings: Three Ways to Catch Up

Black women are more likely to face poverty during retirement

Three ways for black women to avoid poverty during retirement.

By Brittany Dandy

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Financial Literacy Month: Teaching Your Child What Schools Don’t

A guide for teaching children ages 9 - 12

Here is part 2 of Financial Literacy Month: Teaching Your Child What Schools Don’t.

By Stacey Tisdale

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(Image: Thinkstock)

Financial Literacy Month: Dealing with the Pressure to ‘Keep Up’

Making your financial choices reflect who you are

Financial Literacy Month: here are ways you can deal with the pressure to keep up.

By Stacey Tisdale

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(Image: Thinkstock)

Forty-Seven Percent of Black Families Have No Emergency Savings

Black families are less likely to have a plan on a rainy day

Black American families found to have disproportionately less savings compared to white American families.

By Essence Gant

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Daphne Mellody and her children (Image: File)

Overcoming a Financial Disorder: What We Can Learn and How to Overcome

Mother and entrepreneur Daphne Mellody shares story; Experts tell how to get help

Daphne Mellody (Image: File)
When 38-year-old Daphne Mallory was a young girl, she and her family…

By Stacey Tisdale

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Money Made Easy: ‘Queen of Green’ Talks Eliminating Debt and Creating Cash Flow

LaShawne Holland: 'Formal education will make you a living; self-education will make you a fortune'

Financial literacy advocate and money expert LaShawne Holland share her journey to help African Americans,…

By Roz A Gee

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Bridget Butler faced a student loan nightmare wh(Image: Butler)

Student Loan Nightmare: One Borrower’s Struggle to Find Relief

Experts share how to navigate resolution when your loan is sold

Bridget Butler’s story sounds simple enough, but the complex student loan industry made her life…

By Stacey Tisdale

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Think-Education-Teacher-Black-Enterprise-620480

President Obama Details Student Aid Bill of Rights

Proposal aims to provide consumer protections for student borrowers

On March 10, President Barack Obama went to the Georgia Institute of Technology to speak…

By Robin White Goode

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Image: Youtube screenshot

Black Enterprise Talks Taxes, Entreprenuership and More on Power 105.1′s The Breakfast Club

Alfred Edmond, Jr. and Courtney Connley talk financial tips for the New Year

Black Enterprise’s Alfred Edmond, Jr. and Courtney Connley talk taxes, entrepreneurship and more on Power…

By Courtney Connley

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stk125451rke

How One Black Super Bowl Vendor Achieves Business and Financial Success

Vonda McPherson’s financial savvy landed her a five-figure contract

Do you have dreams of taking your business to the big leagues?

By Glenn Townes

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Consumer Tip: Know the Pitfalls of Debt Settlement

Your daily money bite

If you’re overwhelmed by debt and you’re thinking of settling, you might want to think…

By Sheiresa Ngo

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Credit Cards

CreditCards.com’s Matt Shulz Talks Balance Transfer Offers

Should you do a transfer?

Are you thinking of doing a credit card balance transfer? Now might be the time.…

By Sheiresa Ngo

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(Image: Facebook)

Five Money Experts Millennials Should Follow

Tips from these gurus could help millennials get a tighter hold of their finances

Though many millennials have access to better education and employment opportunities than their parents, they are still confronted…

By Essence Gant

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(Image: Thinkstock)

Consumer Tip: When to Close a Credit Card

Your daily money bite

There are times when you should close a credit card.

By Sheiresa Ngo

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Credit Cards

Credit Card Balance Transfer Offers Get More Generous

Act fast if you're thinking of transferring a balance

If you’re thinking of doing a credit card balance transfer, now might be the time.…

By Sheiresa Ngo

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student loan

Taylor Swift Helps Fan Pay Down Student Loan Debt

One music lover gets the shock of her life

Don’t you ever wish that someone would just magically appear and help you pay off…

By Sheiresa Ngo

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(Image: Thinkstock)

Consumer Tip: Get a Copy of Your Specialty Report

Your daily money bite

Thanks to a warning sent by the Consumer Financial Protection Bureau to specialty consumer reporting…

By Sheiresa Ngo

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Consumer Tip: Protect Your Financial Information

Guard your personal information

In light of the record number of data breaches last year, you might feel a…

By Sheiresa Ngo

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Infographic: How Americans Plan to Save in the New Year

What are your savings goals?

Saving money is one of the top financial resolutions for this year.

By Sheiresa Ngo

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black-woman-shopping

You Might Still Have Time to Return Unwanted Gifts

Your credit card might have features that can help

If you have holiday gifts that you want to return, you still may have a…

By Sheiresa Ngo

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credit-card-debt-management

Consumer Tip: Know What Triggers a Credit Inquiry

Arm yourself with the right information

An inquiry will appear on your credit report when a lender inquires about your credit.…

By Sheiresa Ngo

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(Image: Thinkstock)

CFPB Releases Report on Loopholes in Military Lending Act Rules

Bureau aims to protect servicemembers

Loopholes in the Military Lending Act rules are causing servicemembers to incur extra costs.

By Sheiresa Ngo

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Fraud-300x232

Avoid Getting Hacked During the Holidays

Don't let thieves shop on your dime

Fraudsters are everywhere, waiting to steal your personal information so that they can complete their…

By Sheiresa Ngo

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Credit Cards

CFPB Sues Company Over Misleading Credit Card

Bureau cracks down on Texas company

Union Workers Credit Services is being sued for allegedly tricking consumers into paying fees to…

By Sheiresa Ngo

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Credit-Cards-620x480

CFPB Report Reveals Decline in College Credit Card Agreements

Credit card agreements becoming more difficult to locate

There has been a nearly 70% reduction in the number of credit card agreements since…

By Sheiresa Ngo

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money-fans-122312-575hc

18% of Consumers Say They’ll Never Get out of Debt

Will you be in debt for the rest of your life?

Do you feel like you’ll be be paying off your mountain of debt forever?

By Sheiresa Ngo

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(Image: ThinkStock)

CFPB Announces New Rules for Medical Debt Collection and Reporting

Bureau cracks down on medical debt reporting practices

If you have an outstanding medical debt on your credit report, then you understand the…

By Sheiresa Ngo

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Credit Cards

Three Things That Trigger a Hard Credit Inquiry

Tips for managing your credit

If your New Year’s resolution is to improve your credit, then you’re probably wondering which…

By Sheiresa Ngo

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(Image: ThinkStock)

How to Manage Hidden Holiday Costs

Hold on to more of your money

You love the holiday deals but you’re not so in love with those unexpected costs.…

By Sheiresa Ngo

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Small Business Owners predicate a bounce in Holiday Sales

OneUnited Bank President Teri Williams Talks Holiday Money Management

Take charge of your money for a less stressful New Year

During this time of year, you may be facing a lot of stress when it…

By Sheiresa Ngo

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money-fans-122312-575hc

Poll: Consumers Have Post-Recession Spending Itch

Do you have the urge to splurge?

However, NFCC spokesperson Gail Cunningham warns that giving in to the temptation to spend in…

By Sheiresa Ngo

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0602_hospital bill

Caregivers Spend $20,000 on Loved Ones with Alzheimer’s

Caring.com finds women majority of those looking after relatives with the illness

Family caregivers spend $20,000 or more a year on loved ones with Alzheimer’s according to…

By Essence Gant

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Teaching Kids about Holiday Shopping

Help your kids become better consumers

During this time of year, your children may be asking about giving holiday gifts to…

By Sheiresa Ngo

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(Image: Thinkstock)

NFCC Warns Against Holiday Overspending

Don't break the bank this holiday season

Just because something is on sale doesn’t mean you have to buy it. This is…

By Sheiresa Ngo

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money-fans-122312-575hc

Woman Shares How She Dug out of $50,000 Worth of Debt (Part 3)

Author shares how she assists college students with money management

If you want to get a handle on your debt, you’ll have to commit to…

By Sheiresa Ngo

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student loan

Wells Fargo to Provide Student Loan Modifications

Some private student loan borrowers will get relief

Eligible borrowers will be reviewed and approved on a case-by-case basis.

By Sheiresa Ngo

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(Image: Thinkstock)

Millennials and Money: The True Cost of Specialty Coffee

Stop drinking your money

Try adding up all your coffee purchases for just one week and see how much…

By Sheiresa Ngo

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Ja'Net Adams updated-headshot-2

Woman Shares How She Dug Out of $50,000 Worth of Debt (Part 2)

Tips for getting back on the right financial track

Are you part of the “microwave generation?” Do you expect everything now? Be careful, you…

By Sheiresa Ngo

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Ja'Net Adams updated-headshot-2

Woman Shares How She Dug Out of $50,000 Worth of Debt

Tips for getting back on the right financial track

A few weeks ago we shared with you how David Bakke, a financial contributor for…

By Sheiresa Ngo

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Study: Student Debt and the Class of 2013

Students are attempting to dig themselves out of debt.

The Project on Student Debt at the Institute for College Access & Success (TICAS) released…

By Sheiresa Ngo

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Bankrate.com’s Greg McBride Talks Consumer Spending

Bankrate.com's analyst explains why consumers are leery

Two-thirds of Americans are reducing their monthly spending. One of the main reasons is, for…

By Sheiresa Ngo

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Image: Maya Elious

Entrepreneur Offers Mobile Money Advice

Finance coach Marsha Barnes provides services on the go

The Finance Bar is a premier mobile hub offering an array of personal finance products…

By Sheiresa Ngo

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Credit Cards

Credit Card Penalty Rate Drops Slightly

Consumers get a small break

The survey found that 60 out of the 100 cards in the survey have some…

By Sheiresa Ngo

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old-black-couple-smiling

Consumer Tip of the Day: Protect Elderly Veterans from Financial Abuse

Guard older consumers from fraudsters

Be very leery if the caller asks you to wire funds or send personal information.…

By Sheiresa Ngo

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Man Who Dug His Way Out of $30,000 Debt Shares Advice

Four steps to getting back on the right financial track

Debt can slowly creep up on you until it suddenly gets out of control.

By Sheiresa Ngo

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debt2

Debt Collection Practices a Top Complaint for Older Americans

Seniors are fed up with debt collectors

Older Americans voiced more complaints about debt collection than any other financial product or service.

By Sheiresa Ngo

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Veteran Women and Spouses

NFCC Announces Financial Programs for Military Members

Servicemen and women will get the help they need

The organization has decided to make these programs available in light of recent results from…

By Sheiresa Ngo

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student loan

Infographic: What You Could Buy with the Nation’s Student Loan Debt

What could you purchase with $1 trillion?

According to the Consumer Financial Protection Bureau, total student loan debt is more than $1.2…

By Sheiresa Ngo

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Randal Pinkett and Lynnette Khalfani-Cox Join Financial Freedom Conference

Rev. DeForest Soaries' event teaches and empowers about healthy financial habits

Randal Pinkett and Lynnette Khalfani-Cox are featured speakers at this year’s dfree® Financial Conference, kicking…

By Raqiyah Mays

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Best Metro Areas for Budgeters

How do you compare?

WalletHub.com released a study outlining the metropolitan areas with the best and worst track record…

By Sheiresa Ngo

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know-your-banker

Some Consumers Treat Checking Account Like a Payday Loan

Are you using overdraft as a piggy bank?

Just 8% of bank customers are responsible for roughly 75% of all overdraft fees.

By Sheiresa Ngo

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student loan debt

Report: Private Student Loan Borrowers Driven into Default

New report shows borrowers struggle to get help

Some borrowers say they don’t receive enough information or assistance from lenders and servicers when…

By Sheiresa Ngo

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money-fans-122312-575hc

Seniors Struggle to Replace Pre-Retirement Income

Older Americans in 49 of 50 states have trouble making ends meet

Across the nation, those age 65 and older have a median annual income that is…

By Sheiresa Ngo

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Infographic: Are You Taking on Too Much Student Loan Debt?

Don't dig yourself into a debt hole

Student loan debt is at an all-time high. In fact, nearly 11% of all student…

By Sheiresa Ngo

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black unemployment

Study: Despite Economic Upturn, Long-term Unemployed Still Experiencing Difficulty

You may have a rough road ahead of you

John J. Heldrich Center for Workforce Development research finds only 14% of long-term unemployed able…

By Sheiresa Ngo

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Money Problems Plague Americans

Consumers are tortured by debt

A drastic increase in debt, while not having enough savings for retirement, makes things…

By Sheiresa Ngo

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[Part 2] App Helps Parents Teach Kids Budgeting

One-on-one with Allowance Manager creator Dan Meader

An allowance can serve as a learning tool.

By Sheiresa Ngo

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Image: Black Enterprise

Bestselling Author ‘Zane’ Files For Bankruptcy

Erotica writer owes $540,000 in back taxes

Kristina Laferne Roberts, better known as Zane, owes $540,000 in back taxes to the IRS.…

By Kevin L. Clark (@KevitoClark)

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Q & A With Allowance Manager Creator Dan Meader

New app helps parents manage their children’s money

If you’ve been having trouble keeping track of your kids’ allowance, you’ll be happy to…

By Sheiresa Ngo

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Image: Thinkstock

Student Loan Defaults Decline, Yet Number Remains High

For-profit schools account for the majority of defaults

Among all colleges, about 13.7% defaulted within three years of entering repayment.

By Sheiresa Ngo

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piggy bank college fund

Older Americans Saddled with Student Loan Debt

Student loans are starting to linger into borrowers' golden years

Student loan debt has an impact on a much larger group of people than might…

By Sheiresa Ngo

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(Image: Thinkstock)

Federal Reserve Decides Not to Change Swipe Fees

Fees will remain unchanged

The Federal Reserve has decided to keep current credit card swipe fees in place.

By Sheiresa Ngo

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student loan

Citizens Bank Offers Student Borrowers a Chance to Refinance at Lower Rate

Borrowers may get a rate lower than what they are already paying

If you’re looking to refinancing your student loan, you now have a new option.

By Sheiresa Ngo

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Credit-Cards-620x480

Study: One in Five Can’t Live without Credit Cards

Are you lost without credit?

Don’t start an unhealthy love affair with your plastic.

By Sheiresa Ngo

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Credit Cards

Study: More Millennials Saying No to Credit Cards

More than 60% of millennials are without a credit card

A new Bankrate survey reveals that more than 60% of millennials are shying away from…

By Courtney Connley

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Credit Cards

Computer Chips Coming to a Credit Card Near You

Notice something different about your credit card?

The new computer chips make it harder for thieves to get your information from your…

By Sheiresa Ngo

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(Image: Thinkstock)

Infographic: Where College Students Spend Their Money

How college students go broke

Check out this infograhic breakdown of how college students use—and mishandle—their money.

By Sheiresa Ngo

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Credit Cards

5 Reasons Your Credit Card Application Was Denied

Here's why you were turned down

No one applies for a credit card hoping their application will be rejected.

By Sheiresa Ngo

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Five Legal Terms Every Business Owner Should Know

FTC Requests Shutdown of Fake Credit-Debt Scheme

The government agency aims to protect consumers

Phony debt relief/credit repair programs, allegedly made false statements that they were funded by the…

By Sheiresa Ngo

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(Image: Thinkstock)

Report: Late Auto Payments on the Rise

More consumers are paying their car loans late

If you’re late on your auto loan payment, you have some company.

By Sheiresa Ngo

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economic-recession

Study: Consumers Still Recovering from the Recession

Raises and promotions stay stagnant while Americans' savings accounts are dwindling.

If you’re still feeling the pinch, you’re not alone.

By Sheiresa Ngo

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Beware of a New Scam on Facebook

Sneaky tool tricks user into hacking themselves

Make sure to keep a close eye on all of your social media accounts.

By Sheiresa Ngo

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Credit Cards

Study: One in Three Americans with Credit File Has Debt in Collections

Nevada tops the list

A debt in collections will remain on your credit report for seven years.

By Sheiresa Ngo

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Credit Cards

Credit Card Interest Rates on the Rise

Rates are slowly creeping up

The most significant increases can be seen when it comes to secured credit cards.

By Sheiresa Ngo

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student loan

Infographic: Federal Versus Private Student Loans

Choose your loan type carefully

This infographic outlines the difference between Federal and private student loans.

By Sheiresa Ngo

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Help for Overdrafts: Wells Fargo Will Stop ‘Stacking’ Checks

Latest efforts can save consumers from some fees

Wells Fargo will begin processing customers’ checks in the order they are received and stop…

By Sheiresa Ngo

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Image: File

Denied: Some College Students Can’t Access Federal Loans

Institute for College Access and Success finds many students of color affected

Recent study outlines the differences in loan access for each of the 50 states, broken…

By Sheiresa Ngo

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Couple-managing-bills-300x232

Most Consumers Don’t Understand Overdraft Penalty Plans

Pew report shows many don't remember even opting in

Recent report by Pew Charitable Trusts finds that more than 50% of consumers who incurred…

By Sheiresa Ngo

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(Image: Thinkstock)

Summer Heat: Federal Student Loan Interest Rates Will Rise in July

Some borrowers will pay more, but there is a silver lining

Institute for College Access and Success’ (TICAS) Project on Student Debt has chart to help…

By Sheiresa Ngo

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student loan

Student Loan Relief: Bill Could Allow Bankruptcy Discharge

Borrowers might get some relief with proposed legislation

New bill calls for reducing student costs and makes it mandatory for colleges to make…

By Sheiresa Ngo

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10 States with Most Student Loan Debt

Georgia, Maryland and D.C. top the list

Check out the top states that have the most federal student loan debt.

By Sheiresa Ngo

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Should your business charge credit card surcharges

5 Good Reasons to Axe a Credit Card Account

Sometimes it's alright to go against the grain

Most credit experts say it’s not a good idea to close a credit account, but…

By Leslie E. Royal

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credit-card-use

Suze Orman Prepaid Debit Card Discontinued

Cardholders are no longer "approved"

If you own one of Suze Orman’s Approved cards, you might have a slightly annoying…

By Sheiresa Ngo

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Credit Cards

The Lowdown on Investment Rewards Credit Cards

Weigh the pros and cons before making a decision

Anything that encourages you to save is a good thing. Or is it? Investment…

By Sheryl Nance-Nash

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Governor Cuomo Announces Tool to Stop Payday Lenders

Database will help identify and halt illegal lending

(Image: File)
Despite the fact that payday lending is illegal in many states, it is…

By Sheiresa Ngo

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Credit-Cards-620x480

Take Advantage of Hidden Credit Card Perks

Don't leave benefits on the table

I often hear people list the evils of credit cards, and blame them …

By Sheiresa Ngo

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man-counting-money-in-suit2

Results of Card Hub 2014 Credit Card Debt Study

Credit information site Card Hub recently released its 2014 credit card debt study.  The study…

By Sheiresa Ngo

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MASTERCARD

MasterCard Extends Zero-Liability Policy

Protection provided for ATM and PIN transactions

Debit and credit card company MasterCard announced that it will extend its zero-liability policy for…

By Sheiresa Ngo

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know-your-banker

Credit Union for Pro Athletes Approved

Organization founded by former wife of baseball player

It is widely known that professional athletes often struggle with managing their money. Consequently, many…

By Sheiresa Ngo

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Veteran Women and Spouses

Military Members Face Financial Weakness

Differences can be seen between military and general population

The National Foundation for Credit Counseling recently conducted a survey that shows many members of…

By Sheiresa Ngo

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debt

Study: Consumers Saddled by Credit Card Debt and Overdraft Fees

Consumers face trouble due to lack of financial knowledge

A recent survey by MagnifyMoney shows that 35% of Americans overdraft and 42.4% are saddled…

By Sheiresa Ngo

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0602_hospital bill

Consumers Over-Penalized for Medical Debt in Collections

Scores may misrepresent creditworthiness by 10 points

If you have medical debt in collections, you might be facing harsher penalties. The Consumer…

By Sheiresa Ngo

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(Image: Thinkstock)

Weighing Your Student Loan Repayment Options

(Image: Thinkstock)
Graduation season is upon us. And that most likely means a student loan…

By Sheiresa Ngo

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credit-card-shopping-620x480.jpg

Credit Survey Reveals Differences Between Millennials and Older Adults

Younger card holders less likely to request free credit reports

The Consumer Federation of America and VantageScore Solutions recently unveiled their fourth annual survey on…

By Sheiresa Ngo

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(Image: Thinkstock)

OneUnited Bank President Teri Williams Talks About UNITY Visa Card

(Image: Thinkstock)
Even though Financial Literacy Month has come and gone, it’s never too late to…

By Sheiresa Ngo

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credit-card-use

More Landlords Checking Credit

If you’re looking to rent a new apartment, you’ll have to look at not only…

By Sheiresa Ngo

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Image: File

Changes to Student Loans Might Be Coming Your Way

Proposed White House budget makes room for programs like "Pay as You Earn"

In March, President Obama revealed his proposed budget for next year, with a portion reserved…

By Sheiresa Ngo

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Credit Cards

How to Choose a Credit Counseling Agency

If you run into financial troubles, you may find yourself seeking the assistance of a…

By Sheiresa Ngo

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black-woman-shopping

Author Q and A: Confessions of a Credit Card Junkie (Part 2)

Author Beverly Harzog shares her struggles with credit cards in new book

Credit cards can help in times of an emergency. They are also necessary to help…

By Sheiresa Ngo

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Credit Cards

4 Ways to Protect Your Credit During Vacation

Don't let a financial bind ruin a good time

Don’t leave home without heeding this advice on protecting your credit while on vacation or…

By Sheiresa Ngo

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The "forgetful" borrower. Don't be surprised when you lend money to a cousin or your favorite uncle and you never get it back. If you lend money to a family member, consider it a gift. Family members are usually the worst when it comes to repaying a loan. So when Christmas comes around and they find an empty box under the tree, say Christmas came early—when you “lent” them $200 earlier in the year.

Money Quiz: Signs You’re Headed Back Home to Live with Your Parents

Take this quiz to see if your money habits will land you back in your parents' abode

Despite reports that the economy is doing better, some adults who were once independent are…

By Sheiresa Ngo

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black-woman-shopper-300x232.jpg

Author Q and A: Confessions of a Credit Card Junkie

Author Beverly Harzog shares her struggles with credit cards in new book

Credit cards can help in times of an emergency. They are also necessary to help…

By Sheiresa Ngo

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target

Target Switches to Chip-and-PIN Cards after Data Breach

Target has announced that it will start to issue chip-and-PIN cards early next year. The…

By Sheiresa Ngo

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piggy bank college fund

How One New Grad Survived Financial Life after College

Six months after graduating from Florida State University in 2011 with a bachelor’s degree in…

By Sheiresa Ngo

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Financial Literacy Month: Dealing with Debt That’s Out of Control

Debtor’s Anonymous, an organization that helps consumers struggling with debt, lists the following signs that you might have a serious problem with debt

But how do you know when debt is spiraling out of control? When is it…

By Sheiresa Ngo

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Poll Reveals Consumers are Embarrassed By Their Credit Scores

Among the respondents, 37% admitted they felt shame when it came to their credit card debt

Poll participants were told to choose from five categories

By Sheiresa Ngo

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App Helps Consumers Spot Suspicious Charges

The BillGuard app remains current by sourcing information from other users about merchants that have consistently been problematic

BillGuard can also make you aware of fees that you didn’t even realize you were…

By Sheiresa Ngo

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credit-card-use

Time Series Payment Data Now Part of Credit Reports

Changes are coming to your consumer credit report. The way the information on your…

By Sheiresa Ngo

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Credit card usage is on the rise, new data says.

Free Credit Scores? A Bill May Make This a Reality

Free credit scores could help consumers keep a closer eye on their credit

Do you know your number?

By Sheiresa Ngo

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4 Interesting Credit Facts

Here are a few things you might not know about credit cards:
1. You can…

By Sheiresa Ngo

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ATM Keypad

Would You Use a Cardless Mobile ATM?

Would you feel safe doing this?

The ATM will require members of its credit union to download its mobile wallet and…

By Sheiresa Ngo

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Credit Cards

Have a Bad Credit Score? Here’s 4 Ways to Increase It

What is your current credit score?

After struggling for years with credit issues, you’ve put a plan in place to develop…

By Sheiresa Ngo

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howard university entrance sign

Howard University Professor Gives Tips on Handling Economic Stress in New Book

Author Robert M. Brown III talks about managing the emotional impact of money trouble

Have you ever dealt with a lot of stress?

By Sheiresa Ngo

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Personal Finance Word of the Day: Prepaid Card [Video]

Your daily money bite

In light of the Consumer Financial Protection Bureau’s recent push to update disclosures for prepaid…

By Sheiresa Ngo

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credit-card-use

Personal Finance Word of the Day: Average Daily Balance

Your daily money bite

Word of the day: Average daily balance
The average daily balance is the average balance on…

By Sheiresa Ngo

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Personal Finance Word of the Day: Credit Utilization Ratio

Your daily money bite.

Word of the day: Credit utilization ratio
Creditors use a calculation called a credit utilization ratio,…

By Sheiresa Ngo

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creditscore

A New FICO Scoring Model is Coming Your Way

The credit-scoring leader announces updates

FICO announced recently that the newest credit scoring model is coming soon. Known as FICO…

By Sheiresa Ngo

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CreditCards3

The Anatomy of a Credit Card Payment [Infographic]

A step-by-step guide

Have you ever wondered exactly what happens when you swipe your credit card? Well, a…

By Sheiresa Ngo

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2. Reduce debt

Consumer Reports has found that in late 2011, 14 million Americans were still paying off their holiday bills from 2010. If you haven't been able to get out of credit card debt on your own, try boosting your financial fitness by joining a free financial boot camp offered online like MyMoneyCircles.com. This practical, step-by-step program, which I help lead with a team of experts, will help you reduce debt, figure out how to save money and reach a host of financial goals, including all of the financial New Year’s resolutions on this list.

Personal Finance Word of the Day: Amortization

Your daily money bite

Have you ever done this?

By Sheiresa Ngo

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Looking for a Valentine’s Day Gift? Try Your Credit Report

Nothing says 'I love you' like financial planning together

According to Morris, couples are often reluctant to discuss money matters and that finances are…

By Alan Hughes

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aaron-w-smith

Black Enterprise’s Financial All-Stars: Aaron W. Smith Talks Raising Capital

Advice from Black Enterprise's top experts

What are the best ways to raise capital?

By Sheiresa Ngo

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Credit Cards

US Lagging Behind Globally in Improving Credit Card Security

Merchants prepare for cards with embedded chips that make it harder for thieves to steal personal information

Small business owners may want to prepare for and embrace the change

By Carolyn M. Brown

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ATM Keypad

ATM Fraud Explosion Might be Looming

Experts say fraudsters could be set to target ATMs

Skilled criminals are able to attach a skimmer to an ATM in less than a…

By Sheiresa Ngo

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Credit Cards

The Lowdown on Investment Rewards Credit Cards

Weigh the pros and cons before making a decision

Investment rewards credit cards are touted as a savings tool

By Sheryl Nance-Nash

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DebtCollection

FTC Warns: “Beware of Fake Debt Collectors”

Don’t get bullied into paying for a debt you might not owe

If you receive a call about a debt you don’t recognize, take action

By Sheiresa Ngo

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Chances Are, You Won’t Be Able to Afford College

The high cost of a higher education might stop some from achieving their dreams

Student loan debt is surpassing $1 trillion in national debt as well as mortgage and…

By Roy Paul

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TIAA-CREF Release Results of Financial Advice Survey

Survey shows some are fearful when it comes to managing money

A random group of 1,000 adults across the nation were asked about their attitudes, preferences…

By Sheiresa Ngo

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Facing the Signs of Debt Addiction

If you are stuck in a never-ending cycle of indebtedness, regardless of changes in income, you may be in denial.

How much debt do you have?

By Alfred Edmond, Jr.

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Options for Disabled Student Loan Borrowers

Tips for discharging student loan debt due to disability.

This past July, the U.S. Department of Education enforced new regulations that made it easier…

By Sheiresa Ngo

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Are You Trying to Maintain a Reality Show Lifestyle?

Are reality stars really paying for the lavish lifestyles they live on TV?

If you are trying to keep up with the reality show lifestyle, stop it.

By Jennifer Streaks

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Credit Cards

Beware of These Dirty Credit Card Tricks

Steer clear of these credit land mines.

Be on your guard when free credit offers come your way.

By Sheiresa Ngo

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credit cards

Tips on How to Negotiate Your Credit Card Debt

Advice on how to successfully negotiate credit card debt.

If you’re struggling to pay down credit card debt, you can negotiate more favorable terms.…

By Sheiresa Ngo

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#WealthforLife Wednesdays: The Real Cost of Payday Loans

Repeat borrowing often results in a cycle of debt

For a fast, dangerous payday loan, borrowers usually only need a checking account and proof…

By LaToya M. Smith

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4 Tips for Managing Student Loan Debt

Start life after college on the right foot

The joy of graduating can turn into dread once student loan notices start pouring in.

By Candace Myers

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Credit card usage is on the rise, new data says.

Credit Card Usage is Up. Here’s What to Do As a Consumer.

Don't turn to credit cards as a backup to your money issues

Smart ways to make credit cards a part of your financial picture.

By Jennifer Streaks

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Single and Financially Sound: On Correctly Handling Your Credit and Taxes

Financial setbacks need to be taken care of

And remember, just because you are single now does not mean that credit and taxes…

By Jennifer Streaks

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When Getting a Credit Card for Your Business Is the Right Move

Meeting your business' needs is an easier proposition than you think

There is an old saying that “you’ve got to have money, to make money.”

By Bill Fay

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Photo Credit: NBC News

20 Percent of African Americans Too Broke for Bank Accounts

Banks charge an average of $6 to cash checks

A large segment of the black community is unbanked

By Makkada B. Selah

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So You Filed Your Taxes. Now What?

Taking action after you file can get you ahead of the game

A list of things to do April 15th — and beyond.

By Jennifer Streaks

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student loan

Student Debt Becomes Chief Concern for College Applicants

Majority of college applicants say debt is a deciding factor in choosing schools

President Barack Obama and credit reporting agency Moody’s called on colleges to cut student costs.

By Gerren Keith Gaynor

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6 Things Debt Collectors Can and Can’t Do

Consumer Financial Protection Bureau includes debt-collection guidelines in annual report.

The Consumer Financial Protection Bureau released its annual report outlining how it has worked to…

By Sheiresa Ngo

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credit report

Survey: 1 in 7 Denied Jobs Because of Credit Issues

Are we witnessing the dawn of new standards in hiring?

More people than previously thought are being denied jobs because of a spotty credit history.

By Darren Sands

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Women of Power

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Women of Power: 4 Boss Moves to Get Salary You Deserve

As the pay gap for women and men is highlighted today for Equal Pay Day,…

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10th Women of Power Summit Most Successful of All Time

Last week, Black Enterprise’s 10th Women of Power Summit, hosted by State Farm in Ft.…

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