Helping Hack Attack Victims an Opportunity to Boost Trust - Investment News

Helping hack attack victims an opportunity for advisers to boost trust
Supporting a client victimized by a data breach can build enduring bonds
Liz Skinner/Investment News (NYC)
5 September 2014

Katie Moore, a financial counselor at the nonprofit GreenPath Debt Solutions in Farmington Hills, Mich., said anyone suspecting account information has been tampered with should be on the lookout for mail about accounts they don't remember opening, and for collection notices or calls.

Length of car loans rises, helps fuel sales - The Detroit News

Length of car loans rises, helps fuel sales
Melissa Burden/The Detroit News

25 August 2014

Auto industry analysts say that longer term auto loans — some for seven years or longer — have helped fuel robust growth in new car sales. But the increasing prevalence of the six-year-plus terms has led some industry observers to question the practice. With a seven-year car note your baby in the back seat will be well into elementary school when the vehicle is paid off.

Cosigning a student loan risky for parents - Detroit Free Press

Cosigning a student loan risky for parents
Susan Tompor/Detroit Free Press

21 August 2014

(Syndicated pick-up by USA Today, Bloomberg Businessweek, New York Daily News, and HispanicBusiness.com.)

One question is bound to pop up as college students head to campus: “Hey, Mom, would you cosign for a student loan?”
 

Take swift action against collection debt - Fort Collins (CO) Coloradoan

Take swift action against collection debt
Sara Gilbert/The Coloradoan (Fort Collins, CO)

16 August 2014

More than 31.2 percent of Coloradans have an account held by a collection agency, a recent study by the Urban Institute shows.The average amount of collection debt for Colorado residents in collection is $5,837.
 

Americans Borrow for Cars, Less So for Homes - The Wall Street Journal

Americans Borrow for Cars, Less So for Homes
Alan Zibel/The Wall Street Journal, A2

15 August 2014

Tanya LaPrad, a 43-year-old cardiovascular technician and yoga instructor from Monroe, Mich., worked with nonprofit credit counseling firm GreenPath Debt Solutions to pay back $21,000 in credit-card debt over four years.

Many Dallas-area consumers dealing with debt in collections - The Dallas Morning News

Many Dallas-area consumers dealing with debt in collections
Pamela Yip/The Dallas Morning News

3 August 2014
 
Could Dallas-area residents really be that bad at managing their credit? Last week, the Urban Institute, a Washington-based think tank, released a study that showed that 35 percent of Americans have debt in collections on their credit report.
 

Study: 35 Percent in US Facing Debt Collectors - Associated Press

Study: 35 Percent in US Facing Debt Collectors
Joshua Boak/Associated Press

29 July 2014

WASHINGTON (AP) — More than 35 percent of Americans have debts and unpaid bills that have been reported to collection agencies, according to a study released Tuesday by the Urban Institute.

These consumers fall behind on credit cards or hospital bills. Their mortgages, auto loans or student debt pile up, unpaid. Even past-due gym membership fees or cellphone contracts can end up with a collection agency.

 

Can I get a credit card with poor credit? - Bankrate.com

Can I get a credit card with poor credit
Jeanine Skowronski/Bankrate.com

23 July 2014

Dear Credit Card Adviser, I have been applying for secured and unsecured credit cards as a way to rebuild credit. I keep getting denied because of unpaid medical bills. Are there credit cards that someone with poor credit can qualify for?  -- Natalie

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