October 23, 2014 12:59 PM • Log InREGISTER
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Best Metro Areas for Budgeters Some Consumers Treat Checking Account Like a Payday Loan Report: Private Student Loan Borrowers Driven into Default Seniors Struggle to Replace Pre-Retirement Income Infographic: Are You Taking on Too Much Student Loan Debt? Study: Despite Economic Upturn, Long-term Unemployed Still Experiencing Difficulty Money Problems Plague Americans [Part 2] App Helps Parents Teach Kids Budgeting Bestselling Author ‘Zane’ Files For Bankruptcy Q & A With Allowance Manager Creator Dan Meader Student Loan Defaults Decline, Yet Number Remains High Older Americans Saddled with Student Loan Debt Federal Reserve Decides Not to Change Swipe Fees Citizens Bank Offers Student Borrowers a Chance to Refinance at Lower Rate Study: One in Five Can’t Live without Credit Cards Study: More Millennials Saying No to Credit Cards Computer Chips Coming to a Credit Card Near You Infographic: Where College Students Spend Their Money 5 Reasons Your Credit Card Application Was Denied FTC Requests Shutdown of Fake Credit-Debt Scheme Report: Late Auto Payments on the Rise Study: Consumers Still Recovering from the Recession Beware of a New Scam on Facebook Study: One in Three Americans with Credit File Has Debt in Collections Credit Card Interest Rates on the Rise Infographic: Federal Versus Private Student Loans Help for Overdrafts: Wells Fargo Will Stop ‘Stacking’ Checks Denied: Some College Students Can’t Access Federal Loans Most Consumers Don’t Understand Overdraft Penalty Plans Summer Heat: Federal Student Loan Interest Rates Will Rise in July Student Loan Relief: Bill Could Allow Bankruptcy Discharge 10 States with Most Student Loan Debt 5 Good Reasons to Axe a Credit Card Account Suze Orman Prepaid Debit Card Discontinued The Lowdown on Investment Rewards Credit Cards Governor Cuomo Announces Tool to Stop Payday Lenders Take Advantage of Hidden Credit Card Perks Results of Card Hub 2014 Credit Card Debt Study MasterCard Extends Zero-Liability Policy Credit Union for Pro Athletes Approved Military Members Face Financial Weakness Study: Consumers Saddled by Credit Card Debt and Overdraft Fees Consumers Over-Penalized for Medical Debt in Collections Weighing Your Student Loan Repayment Options Credit Survey Reveals Differences Between Millennials and Older Adults OneUnited Bank President Teri Williams Talks About UNITY Visa Card More Landlords Checking Credit Changes to Student Loans Might Be Coming Your Way How to Choose a Credit Counseling Agency Author Q and A: Confessions of a Credit Card Junkie (Part 2) 4 Ways to Protect Your Credit During Vacation Money Quiz: Signs You’re Headed Back Home to Live with Your Parents Author Q and A: Confessions of a Credit Card Junkie Target Switches to Chip-and-PIN Cards after Data Breach How One New Grad Survived Financial Life after College Financial Literacy Month: Dealing with Debt That’s Out of Control Poll Reveals Consumers are Embarrassed By Their Credit Scores App Helps Consumers Spot Suspicious Charges Time Series Payment Data Now Part of Credit Reports Free Credit Scores? A Bill May Make This a Reality 4 Interesting Credit Facts Would You Use a Cardless Mobile ATM? Have a Bad Credit Score? Here’s 4 Ways to Increase It Howard University Professor Gives Tips on Handling Economic Stress in New Book Personal Finance Word of the Day: Prepaid Card [Video] Personal Finance Word of the Day: Average Daily Balance Personal Finance Word of the Day: Credit Utilization Ratio A New FICO Scoring Model is Coming Your Way The Anatomy of a Credit Card Payment [Infographic] Personal Finance Word of the Day: Amortization Looking for a Valentine’s Day Gift? Try Your Credit Report Black Enterprise’s Financial All-Stars: Aaron W. Smith Talks Raising Capital US Lagging Behind Globally in Improving Credit Card Security ATM Fraud Explosion Might be Looming The Lowdown on Investment Rewards Credit Cards FTC Warns: “Beware of Fake Debt Collectors” Chances Are, You Won’t Be Able to Afford College TIAA-CREF Release Results of Financial Advice Survey Facing the Signs of Debt Addiction Options for Disabled Student Loan Borrowers Are You Trying to Maintain a Reality Show Lifestyle? Beware of These Dirty Credit Card Tricks Tips on How to Negotiate Your Credit Card Debt #WealthforLife Wednesdays: The Real Cost of Payday Loans 4 Tips for Managing Student Loan Debt Credit Card Usage is Up. Here’s What to Do As a Consumer. Single and Financially Sound: On Correctly Handling Your Credit and Taxes When Getting a Credit Card for Your Business Is the Right Move 20 Percent of African Americans Too Broke for Bank Accounts So You Filed Your Taxes. Now What? Student Debt Becomes Chief Concern for College Applicants 6 Things Debt Collectors Can and Can’t Do Survey: 1 in 7 Denied Jobs Because of Credit Issues Online Banks: Too Good to be True? Never Be Guilted Into Making Bad Money Decisions Are Americans Taking on More Debt? Disputing Errors on Your Credit Report Tips for Crowdfunding Your Education Costs Errors in Your Credit Report Can Cost You 4 Ways to Raise a Bad Credit Score Federal Trade Commission: Millions of Errors In Credit Reports Tips for Choosing the Right Credit Card for You Fed Teases to When Interest Rates Will Go Up Some Credit Card Companies Issuing Refunds How to Avoid Wesley Snipes’ Tax Fate Fed Sets Fair Student Loan Repayment Terms, Conditions Good News For Americans Living Paycheck to Paycheck Now Is Perfect Time To Get Finances In Order Report: Credit Card Debt, Late Payments On the Rise Is Facebook Making You Poor? University of Chicago Starts Program for Local Students 8 End of the Year Tax Tips 5 Money Lessons from Kendrick Lamar’s ‘Money Trees’ The Fiscal Cliff: What You Need To Know Is Tax Relief Coming to Sandy Survivors? Watch Out for These Changes at Your Bank Women More Likely to Use Payday Loans Than Men Banks Give Customers Fee Reprieve in Sandy Aftermath 5 Lies That Keep You in Debt Graduates Encumbered by Debt, Increase of Five Percent It’s Time to Escape Slavery—From Debt Are Debt Collection Agencies Skirting Laws? Credit Card Delinquencies Lowest in Over a Decade [Report] Beware: Watch for Credit-Card Changes Three Hidden Credit Card Perks You May Not Know About Protect Your Child from Back-to-School ID Theft The Harsh Reality Of Single Black Women And Bankruptcy More Black Women Going Bankrupt [Report] Job Credit Checks Are Becoming a Thing of the Past Get Excited About Your Money Peek In Your Purse Free!! Books of the Week – Get Real, Get Rich Should You Use Credit Cards for Everything? Yes and No. WATCH: Amid Criticism, Suze Orman Defends Her New Prepaid Debit Card Russell Simmons to the Financial Press: ‘Is It Because I’m Hip Hop?’ How Radio Personality Angela Yee Dug Herself Out of Debt 7 Signs that You are a Woman Behaving Wealthy Debt-Free Diet 3 Ways to Achieve Your Financial New Year’s Resolution In Just 30 Days 12 Financial New Year’s Resolutions for 2012 3 Things You Should’ve Been Focused on Besides Black Friday Sales 7 Ways To Have Fun On A Budget 5 Holiday Shopping Tips for Shopaholics How to Shop Safe & Save Money on Cyber Monday Best Black Friday Deals & the Worst Shopping Traps to Avoid Ask the Money Coach: How Do Small Collection Accounts Impact Your Credit Score? Ask the Money Coach: 5 Steps to Take When a Relative Ruins Your Credit David Banner’s 4 Money Management Lessons for Black America What Will a Strategic Default Do to Your Credit Score? 3 Easy Steps To Check Out a Debt Collector

Money > Credit & Debt Management

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Best Metro Areas for Budgeters

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

Read More »
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

Posted: Tags: , , , ,
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

Posted: Tags: ,
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

Posted: Tags: , ,
MONEY

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

Posted: Tags: , ,
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

Posted: Tags: , , , ,
Single-black-woman

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

Posted: Tags: , , ,
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

Posted: Tags: , ,
black-woman-with-child-piggy-bank

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

Posted: Tags: , ,
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

Posted: Tags: , ,
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

Posted: Tags: ,
(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

Posted: Tags: , , ,
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

Posted: Tags: , , ,
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

Posted: Tags: , ,
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

Posted: Tags: , , , ,
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

Posted: Tags: , ,
(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

Posted: Tags: , , , , ,
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

Posted: Tags: ,
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

Posted: Tags: , ,
(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

Posted: Tags: , ,
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

Posted: Tags: , , ,
(Image: File)

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

Posted: Tags: , , , ,
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

Posted: Tags: , ,
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

Posted: Tags: ,
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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Check-300x232

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

Posted: Tags: , ,
after-school-daze-recent-grad-300x232

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

Posted: Tags: , , , , ,
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

Posted: Tags: , , ,
(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

Posted: Tags: , , , ,
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

Posted: Tags: , ,
Graduates-african-american-college

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

Posted: Tags: , , , ,
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

Posted: Tags: , ,
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

Posted: Tags: , , ,
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

Posted: Tags: , ,
(Image: File)

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

Posted: Tags: , , ,
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

Posted: Tags: , ,
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

Posted: Tags: , ,
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

Posted: Tags: , ,
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

Posted: Tags: ,
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

Posted: Tags: , ,
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

Posted: Tags: , ,
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

Posted: Tags: , , ,
(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

Posted: Tags: , , ,
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

Posted: Tags: , ,
(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

Posted: Tags: , , , , , ,
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

Posted: Tags: , , ,
students-school-scholarships-300x232.jpg

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

Posted: Tags: , , ,
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

Posted: Tags: ,
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

Posted: Tags: , ,
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

Posted: Tags: , ,
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

Posted: Tags: , ,
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

Posted: Tags: , , ,
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

Posted: Tags: , , ,
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

Posted: Tags: , ,
Take control of debt. “The rich rule over the poor, and the borrower is servant to the lender.” —Proverbs 22:7

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

Posted: Tags: , ,
credit-score-111611-300x232.jpg

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

Posted: Tags: ,
(Image: Thinkstock)

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

Posted: Tags: , , ,
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

Posted: Tags: , ,
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

Posted: Tags: , ,
creditcards1

4 Interesting Credit Facts

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

By Sheiresa Ngo

Posted: Tags: , , ,
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

Posted: Tags: , , , ,
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

Posted: Tags: , , ,
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

Posted: Tags: , ,
stk316204rkn

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

Posted: Tags: , ,
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

Posted: Tags: , ,
credit2

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

Posted: Tags: , , ,
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

Posted: Tags: , , ,
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

Posted: Tags: , ,
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

Posted: Tags: , ,
ValerieMorris-300x225

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

Posted:
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

Posted: Tags: , ,
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

Posted: Tags: , , , , , ,
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

Posted: Tags: , ,
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

Posted: Tags: ,
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

Posted: Tags: , ,
(Image: Thinkstock)

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

Posted: Tags: , ,
man-counting-money-in-suit

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

Posted: Tags: , ,
debt2

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.

Posted: Tags: , , , , ,
after-school-daze-recent-grad-300x232

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

Posted: Tags: , , ,
shopping-620x480

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

Posted: Tags:
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

Posted: Tags: , , , ,
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

Posted: Tags: , , ,
Sad-Black-man-gallery

#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

Posted: Tags: ,
Graudation-cap-300x232.jpg

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

Posted: Tags: , ,
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

Posted: Tags:
woman on floor worrying about bills

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

Posted: Tags:
credit-cards-rates

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

Posted: Tags:
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

Posted: Tags:
File

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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Cash Mobs Support Small Businesses

Online Banks: Too Good to be True?

Online Banking isn't quite what it used to be

A few things to consider before opening an account in 2013

By Ashley R. Harris

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lending money

Never Be Guilted Into Making Bad Money Decisions

Don't be emotionally blackmailed into putting your financial health at risk

There is nothing wrong with helping friends and relatives during tough times, commensurate with the…

By Alfred Edmond, Jr.

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WomanComputerCity

Are Americans Taking on More Debt?

Increased confidence in the economy spurring more risk from Americans, but is it too soon?

One of the biggest indicators is the consistently improving housing market, which is picking up…

By Ashley R. Harris

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creditscore

Disputing Errors on Your Credit Report

Inaccuracies exist in millions of credit reports

The National Foundation for Credit Counseling has some tips for how to correct errors in…

By Natalie P. McNeal

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Tips for Crowdfunding Your Education Costs

Could you benefit from these strategies?

Here are three sites to consider for crowdfunding some of your education costs.

By Sheiresa Ngo

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credit report

Errors in Your Credit Report Can Cost You

A new study sheds light on a trend that could affect millions of Americans

Beware of how errors, no fault of your own, could be affecting your credit.

By Jennifer Streaks

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bad-credit

4 Ways to Raise a Bad Credit Score

A few simple changes can make a big difference

Here are a few tips for getting an added boost to your credit score.

By Sheiresa Ngo

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credit report

Federal Trade Commission: Millions of Errors In Credit Reports

Are errors in credit reports a cause for alarm?

Inaccuracies in credit reporting could result in higher interest rates, denial of credit.

By Darren Sands

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

Tips for Choosing the Right Credit Card for You

A little planning and research can go a long way

How do you tell what credit card is best for you?

By Jennifer Streaks

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Graph

Fed Teases to When Interest Rates Will Go Up

The Fed is waiting for unemployment to hit a magic number before it entertains changing interest rates

Is good news on the horizon?

By Ashley R. Harris

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

Some Credit Card Companies Issuing Refunds

Customers should be receiving refunds from now until March

You could be in line for a refund from your credit card company.

By Ashley R. Harris

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Wesley-Snipes

How to Avoid Wesley Snipes’ Tax Fate

The IRS has programs available to help people avoid the same situation

The IRS don’t play games. Here’s how to play by the rules.

By Ashley R. Harris

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Money

Fed Sets Fair Student Loan Repayment Terms, Conditions

Borrowers finding relief from new government regulations

New regulations are supposed to make loan repayment more manageable for borrowers

By Ashley R. Harris

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Good News For Americans Living Paycheck to Paycheck

Analysts say this is a great sign towards to a rebounding economy

How can American workers reverse the trend?

By Ashley R. Harris

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$640 million... 

Could fund the entire angel rounds for 577 tech startups. In 2011, the average angel round—which secures capital for a startup, usually from individuals investing their own money—was $1.11 million.

Now Is Perfect Time To Get Finances In Order

With the holidays here, finances shouldn't take a backseat

4 steps toward a better 2013.

By Jennifer Streaks

Posted:
Businesses Unite to Fight Credit card companies & High Swipe Fees

Report: Credit Card Debt, Late Payments On the Rise

Experts say there's no need to panic even though there's increase

What do the numbers say about the state of the economy?

By Ashley R. Harris

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Empty-Wallet-300x232

Is Facebook Making You Poor?

Study shows that the social networking site causes people to over-indulge

Research reveals link between social media interaction, debt

By Ashley R. Harris

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School officials believe new program to make college affordable to local students will bring hope to the city's youth.

University of Chicago Starts Program for Local Students

U of C will try to lure more local talent

The University of Chicago is making attending the school easier for local students

By Ashley R. Harris

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(File)

8 End of the Year Tax Tips

A shortlist of things you can do to to shore up your tax situation

What can you do to shore up your taxes at the end of the year?…

By Jennifer Streaks

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Image: File

5 Money Lessons from Kendrick Lamar’s ‘Money Trees’

From the acclaimed album, lessons on money

What can ‘Money Trees’ teach us about money?

By Darren Sands

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The Fiscal Cliff: What You Need To Know

A primer on the sequester

The fiscal cliff, explained

By Ashley R. Harris

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IRS Comissioner Doug Shulman

Is Tax Relief Coming to Sandy Survivors?

For victims and volunteers, help is on the way

The IRS will begin relief to those affected by Hurricane Sandy

By Ashley R. Harris

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banks

Watch Out for These Changes at Your Bank

Consumers will have increased mobile access to information

Changes are on the horizon at some banks

By Ashley R. Harris

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Women More Likely to Use Payday Loans Than Men

Predatory lending practice popular among whites, women

The parasite of the lending community attacks women significantly more than it does men

By Ashley R. Harris

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banks

Banks Give Customers Fee Reprieve in Sandy Aftermath

For a short time customers will avoid banking fees

Customers finally get a break from hurricane storm

By Ashley R. Harris

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Financial expert Patrice C. Washington.

5 Lies That Keep You in Debt

Discover what fibs may be costing you financial freedom

These common myths could be keeping you from financial freedom

By Patrice C. Washington

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college-graduates-debt

Graduates Encumbered by Debt, Increase of Five Percent

Will college ever become more affordable?

Will college ever become more affordable?

By Ashley R. Harris

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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.

It’s Time to Escape Slavery—From Debt

Free your mind, and your finances will follow. You can't achieve wealth if you won't change the way you think about money.

Too many of us are living beyond our means and pursuing a poverty lifestyle.

By Alfred Edmond, Jr.

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imgres

Are Debt Collection Agencies Skirting Laws?

Debt collectors push the envelope, experts say

Some agencies push the envelope when it comes to lawful activity.

By Ashley R. Harris

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CreditCards3

Credit Card Delinquencies Lowest in Over a Decade [Report]

Newly-released numbers indicate that consumers could be smartening up

Newly-released numbers indicate that consumers could be smartening up

By Ashley R. Harris

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Beware: Watch for Credit-Card Changes

Stay up to date on your credit card company’s change of terms

No one wants to be bothered with another piece of mail or another email alert…

By Sakina P. Spruell

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Best-Credit-Card-Rates

Three Hidden Credit Card Perks You May Not Know About

When used correctly, credit cards can work in your favor

When used correctly, credit cards can work in your favor

By Sheiresa Ngo

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child_credit card

Protect Your Child from Back-to-School ID Theft

Disclosing sensitive information could place your child in danger of being victimized by an identity thief.

Disclosing sensitive information could place your child in danger of being victimized by an identity…

By Sheiresa Ngo

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single-black-women-debt-bankruptcy

The Harsh Reality Of Single Black Women And Bankruptcy

Study shows the racial wealth gap is still alive

Study shows the racial wealth gap is still alive

By Black Enterprise

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blacks-bankruptcy-racial-bias

More Black Women Going Bankrupt [Report]

Studies show that black women continue to fall short financially in comparison to their white counterparts

Studies show that black women continue to fall short financially in comparison to their white…

By Black Enterprise

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job applicant

Job Credit Checks Are Becoming a Thing of the Past

Depending on your state of residence, you might no longer be subjected to a credit check when applying for a job.

You might no longer be subjected to a credit check when applying for a job.

By Sheiresa Ngo

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Clockwise from top: Brown, Gumbs, Young, Douglass, Alleyne, Epperson and St. Claire (Photo by Lonnie C. Major)

Get Excited About Your Money

Our Wealth for Life mission is to ensure that you become an active participant in…

By Alisa Gumbs

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Cindy McField-Asamoah, a vice president with the Corcoran Group (left) and Robin A. Young, president of Women Behaving Wealthy (Photo by Rayon Richards)

Peek In Your Purse

“A woman behaving wealthy spends on the basis of what is important to her on…

By Carolyn M. Brown

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Farrah Gray (@RealFarrahGray)  	The entrepreneurial spirit burns bright in Farrah Gray. Since the age of 6, the CEO of Farrah Gray Publishing has been a salesman and by the age of 16, he launched close to a dozen small businesses and social enterprises. This entrepreneur has received many awards and accolades for his noteworthy accomplishments, including the Young Entrepreneur Trumpet Award, an honorary doctorate degree of humane letters from Allen University, The National Urban League Whitney M. Young Jr. Entrepreneurship Award and The Urban Business Roundtable's Top 40 Game Changers of Chicago.

Free!! Books of the Week – Get Real, Get Rich

Having a hard time controlling your personal expenses, or could you be looking toward future…

By Sasha King

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Should You Use Credit Cards for Everything? Yes and No.

Credit card usage doesn't have to be a gamble.

There are reasons why you should be careful with your credit card, but do they…

By Jennifer Streaks

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(Image: Thinkstock)

WATCH: Amid Criticism, Suze Orman Defends Her New Prepaid Debit Card

In a video interview with theGrio.com/CNBC reporter Sharlita Brantley, Suze Orman goes on the defensive about launching her own prepaid card

In a video interview with theGrio.com/CNBC reporter Sharlita Brantley, Suze Orman goes on the defensive…

By Elayne Fluker

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RUSH COMMUNICATIONS: Russell Simmons, founder of Def Jam (1984) and Rush Communications (1991) (pictured). Def Jam is responsible for launching the career of LL Cool J and the Beastie Boys, and Rush Communications is the parent company for media, entertainment, apparel, financial and philanthropic companies.

Russell Simmons to the Financial Press: ‘Is It Because I’m Hip Hop?’

Amid prepaid debit card criticism, the RushCard founder demands to know why he's considered a "celebrity endorser"

As prepaid debit cards by Suze Orman and Lil Wayne are criticized, RushCard founder Russell…

By Elayne Fluker

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Angela-Yee-300x232

How Radio Personality Angela Yee Dug Herself Out of Debt

The New York DJ recounts her financial missteps before getting back on track

Power 105 radio host Angela Yee found herself struggling with credit debt until she decided…

By Janee Bolden

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wealthy-woman-300x232.jpg

7 Signs that You are a Woman Behaving Wealthy

Time for a purse check, ladies. These tips tell you what you need to do to go from 'just making it' or 'plain broke' to truly wealthy

Time for a purse check, ladies. These tips tell you what you need to do…

By Robin A. Young

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Monique Harps (Photo by Jeremy Charles)

Debt-Free Diet

Four years ago Monique A. Harps contended with more than $104,000 in debt. Although the…

By Aisha I. Jefferson

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piggy banks-300x232

3 Ways to Achieve Your Financial New Year’s Resolution In Just 30 Days

2012 is here. Is your money right? Use these tips to help you get on-track

Money coach Lynnnette Khalfani-Cox gives you three key tips to help you reach your financial…

By Lynnette Khalfani-Cox

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If one of your New Year’s resolutions for 2012 is to improve your finances in some way, join the club.

According to a survey from TD Ameritrade, 73% of Americans will make at least one money-related New Year’s resolution. Regardless of your current economic circumstances, here are 12 crucial and doable financial goals worth putting on your list of New Year’s resolutions for 2012 – along with some tips and resources to ensure your financial success.---Lynnette Khalfani-Cox, Askthemoneycoach.com

12 Financial New Year’s Resolutions for 2012

Money Coach Lynnette Khalfani-Cox tells you 12 easy steps to get your money matters in order for 2012!

Money Coach Lynnette Khalfani-Cox tells you 12 easy steps to get your money matters in…

By Lynnette Khalfani-Cox

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(Image: ThinkStock)

3 Things You Should’ve Been Focused on Besides Black Friday Sales

There's nothing wrong with spending if it's for a good cause and not consumer greed and gluttony

Despite being in a recession, American spending continues as 2011 marks the biggest Black Friday…

By Caroline Clarke

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In these financially-strapped times, the thought of using money you barely have to enjoy yourself might ignite stressful feelings. In fact, a lack of disposable income can lead some to almost never involve themselves in fun or extracurricular activities outside of basic cost of living. However, some mental health experts believe working to pay bills without making time for recreation can lead to major stress. If you desire to have fun but you’re constantly void of funds, here are seven ways to have a good time on a budget. —Quassan Castro

7 Ways To Have Fun On A Budget

You don't always have to spend money to have a good time

In this economy everyone is about saving money which leaves fun by the wayside, well…

By Quassan Castro

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From Black Friday door buster specials to pre- and after-Christmas sales, the start of the holiday shopping frenzy may soon engage your inner shopaholic—and leave you with a mound of debt by New Year’s. The average American is expected to spend a little more than $700 on holiday gifts and seasonal merchandise in 2011, according to the National Retail Federation’s 2011 Holiday Consumer Intentions and Actions Survey. Nationwide, sales are expected to reach $465.6 billion, putting retailers in the black.

If the shopaholic in you is ready to be unleashed, take steps to control your spending habits so you aren’t left in the red, with credit card debt and an empty savings account before the year is over. Here are some useful tips to control your inner shopaholic this holiday season. —Lynette Khalfani-Cox

5 Holiday Shopping Tips for Shopaholics

Don't get caught up in the craziness of the holiday shopping season, here are a few tips to stay on course

It’s holiday shopping season and shopaholics need be wary of falling into financial trouble. Here…

By Lynnette Khalfani-Cox

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(Image: ThinkStock)

How to Shop Safe & Save Money on Cyber Monday

Shopping from the comfort of your own home never sounded so good

When it comes to Cyber Monday you have to apply the same preparation and due…

By Lynnette Khalfani-Cox

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(Image: ThinkStock)

Best Black Friday Deals & the Worst Shopping Traps to Avoid

Holiday shopping season officially starts with Black Friday, here's how to come out on top without breaking the bank

Black Friday is all about the deals and low prices, but that doesn’t mean you…

By Lynnette Khalfani-Cox

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Ask the Money Coach: How Do Small Collection Accounts Impact Your Credit Score?

Pay your bills; protect your credit

Money Coach Lynnette Khalfani-Cox tells you how to protect your credit score

By Lynnette Khalfani-Cox

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Confront the Culprit

Lastly, you need to confront this person directly. It doesn’t matter if that person is a “close” family member. I don’t care if it’s your sister, a cousin---or even your mother. Let this individual know that they have totally crossed the line and damaged your finances and credit rating in a way that is completely unfair, disrespectful to you, and that has long-lasting implications. Tell the person that they have exactly one week to contact every creditor in which they used your name to close the account or cut off service in your name---and put it in their name.

Ask the Money Coach: 5 Steps to Take When a Relative Ruins Your Credit

Lynnette Khalfani-Cox tells you how to make a credit comeback

Lynnette Khalfani-Cox tells you what steps you need to take to make a credit comeback

By Lynnette Khalfani-Cox

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David Banner

David Banner’s 4 Money Management Lessons for Black America

The rapper/actor shares his perspective on the Black community's misuse of its spending power

Inspired by the Pew Research Center’s minority wealth gap report, rapper/producer/actor David Banner shares his…

By David Banner

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(Image: Thinkstock)

What Will a Strategic Default Do to Your Credit Score?

See if this drastic money move is the right one for you

Money Coach Lynnette Khalfani-Cox helps you decide if this drastic money move is the right…

By Lynnette Khalfani-Cox

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debt-dictionary-300x232

3 Easy Steps To Check Out a Debt Collector

How to protect yourself from debt collector abuses

Lynnette Khalfani-Cox tells you how to protect yourself from debt collector abuses

By Lynnette Khalfani-Cox

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Women of Power

Ten Facts about Pam Grier

Women of Power Legacy Award Honoree: 10 Facts About Pam Grier

Black Enterprise is honoring the great Pam Grier with the 2015 Legacy Award at the…

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lisa-nichols-headshot

Lisa Nichols Confirmed to ‘Motivate the Masses’ at Women of Power Summit

Lisa Nichols is known as “The Breakthrough Specialist” because of her powerful work in “motivating…

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