Ten years ago, bullies had taken over the playground. Financial service firms preyed on their customers with impunity: —Lenders made expensive, risky mortgages to people who couldn’t afford to pay the money back. —Credit card issuers foisted overpriced insurance and other add-on products on millions of unsuspecting customers. —Credit bureaus ignored evidence submitted by people […]
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Monday’s need-to-know money news
Today’s top story: Is student loan debt really ‘Good Debt’? Also in the news: Banking moves to make next year’s holidays brighter, how to save big money when buying a used car, and how to find your Social Security earnings online. Is Student Loan Debt Really ‘Good Debt’? How to keep your good debt from […]
Q&A: Mixing family and finances
Dear Liz: I have a relative who is a certified financial planner. He suggested we invest in annuities from which he will make commissions. When I asked him about his commission amount, he said he doesn’t feel the need to disclose that information because the fees don’t come out of my investment, therefore making them […]
Q&A: How to protect an elderly widower from financial predators
Dear Liz: Our mother recently died after a long illness. Our father is in his 70s and is getting a lot of attention from ladies at his church and the senior center. We’re concerned because of a pattern we’ve seen in other families, where the widower remarries and the new wife convinces him that his […]
Friday’s need-to-know money news
Today’s top story: Why to avoid financial planning over the holidays. Also in the news: What President Trump will mean for mortgage rates, things banks and credit unions do that you don’t know about, and how waiting for Black Friday deals can really pay off. Why to Avoid Financial Planning Over the Holidays Don’t add […]
Thursday’s need-to-know money news
Today’s top story: How President Trump could affect your student loans. Also in the news: Why your student loan interest rates are so high, costly mistakes when sending money online, and money tips for new parents. 5 Ways President Trump Could Affect Your Student Loans With a new administration comes new rules. Why Are Your […]