Friday’s need-to-know money news

Credit Check 1Today’s top story: How to avoid the worst credit cards of 2013. Also in the news: A new debt collection law, five things you should ask your financial advisor, and three investing mistakes retirees must avoid at all costs.

How To Avoid The Worst Credit Cards Of 2013
Easy credit can come at a gigantic price.

A New Debt Collection Law: What It Means for You
If you live in California, debt collection just became more consumer friendly.

5 Things You Should Ask Your Financial Advisor
Determining if your financial advisor is a good fit for your situation.

3 Investing Mistakes Retirees Must Avoid At All Costs
What to do in order to protect your lifelong earnings.

How social media ruin insurance claims
Not everything requires a status update.