Feeling overwhelmed? Make your debt payments more manageable.
Debt settlement is not an option to take lightly, but could be considered in certain situations.
Even in times of interest rate uncertainty, a certificate of deposit (CD) can still be part of your cash strategy.
If Wall Street's stock tips were reliable, portfolio selection would be easy. Investors could simply load up on Apple because analysts give it more positive ratings like "buy" and "outperform" than any other stock, according to Thomson ...
Subscriber Content Read Preview
Donald Trump has avoided what could have been a big problem for one of his most valuable office buildings in New York, partly by taking advantage of the downtown's transformation away from being a citadel for the financial industry.
A galaxy of new web tools and games have popped up that are designed to teach children about "financial literacy"—the buzzword for the stuff you are supposed to know to stay out of debt and save enough for retirement.
A new way to help boost your credit history and score: Factor in your rent. Last December, credit-reporting company Experian started including rent-payment history in its credit reports, says Brannan Johnston, vice president and managing ...
BOSTON (MarketWatch) — Go to any investment conference and you will hear famous money managers make recommendations, as a starry-eyed audience writes down the names, and you know that a number of those people are going home and blindly ...
Homeowners who have resisted the urge to refinance their mortgages until now could be rewarded for their willpower. Mortgage rates have fallen to new lows—and banks are rolling out incentives to win business.
Save more. Borrow less. There's a reason these two simple-sounding goals land on our lists of New Year's resolutions year after year: We never seem to make any headway with them.
A personal bankruptcy is supposed to cut borrowers loose from lenders and debt collectors, but Capital One Financial Corp.—one of the nation's largest credit-card issuers—sometimes doesn't want to let go.
"Manage debt" and "save money" are routinely among the top New Year's resolutions as tracked by the federal government. Consumers looking to achieve those goals both may find extra help in the form of a few much smaller promises.
BOSTON (MarketWatch) — We were all taught as children that patience is a virtue. No one said it’s good for our credit scores too. It might seem obvious — those who have patience don’t feel the compulsive need to use credit to get something ...
No one was more surprised than Thomas Carpenito with the credit-card invitation that landed in his mailbox earlier this year. The 27-year-old deli owner from White Plains, N.Y., had about $10,000 in old debts and a credit rating 200 points ...
SALT LAKE CITY (MarketWatch) — I’m an idiot. After watching the “60 Minutes” expose of insider-dealing by members of Congress, I’m left wondering (not for the first time, I might add): Why on Earth did I choose journalism as a career? Watch ...
Jason Scherr had a lot on his mind the day after he opened his fifth Think Coffee shop in Manhattan last week. The fan was blowing too hard, the classical music was playing a little too loudly—and he was trying to figure out how to get more ...
Billing disputes with credit-card companies topped the list of more than 5,000 complaints lodged with the new U.S. government agency charged with enforcing federal consumer financial laws, according to data released Wednesday.
The Game Plan takes a look at how individuals and families are saving for retirement��and then asks financial advisers to comment on those strategies. You're invited to share your own retirement-savings plans by sending an email to ...
In this age of hurricanes, tsunamis, market crashes and banking crises, it isn't any wonder that people are feeling insecure. Companies are responding by rolling out a raft of newfangled insurance policies designed to protect against ...
Subscriber Content Read Preview
The move by Standard & Poor's to cut the U.S. credit rating adds more uncertainty to markets already beset by concerns about a slowing economy and the debt crisis in Europe. Here's what investors need to know before the market ...
Here's a wake-up call for state-tax scofflaws: On Oct. 4, California Gov. Jerry Brown signed a bill requiring the Golden State's motor vehicle department to suspend the driver's licenses of its worst delinquents.
With tuition bills due in a few weeks, a growing number of banks are offering stretched parents and students new, fixed-rate loans that promise protection from the specter of rising rates -- for a price.
Glamour stocks might be losing their glow. Amazon.com, Netflix and Apple have each more than quadrupled in value over the five years through September. But their shares have tumbled of late because of shriveling profit margins, subscriber ...
It's been less than a week since Standard & Poor's stripped the U.S. government of its triple-A rating and already consumers are starting to feel the effects, in the form of rising interest rates on many loans.
Subscriber Content Read Preview
Forget hauling clothes and furniture. An even bigger challenge for parents and college students awaits: teaching the little darlings how to handle money.
Subscriber Content Read Preview
This summer offered little respite for nervous investors. A fusillade of big news events rocked markets. Shares made huge daily moves, and big existential questions popped up with alarming frequency.
NEW YORK—In a move that could discourage some merchants from accepting debit cards for small transactions, Visa Inc. and MasterCard Inc. are raising the fees merchants pay for small-ticket debit purchases, according to analysts.
Borrowers breathed a collective sigh of relief when the Federal Reserve said earlier this month that it would hold interest rates at rock bottom for the next two years. But savers were far from happy.
It used to be that Neiman Marcus's glossy-page snob appeal didn't stop at what you bought. It extended to how you paid. Cash or American Express was fine. But it was much preferred that you use your Neiman card, please.
You'll find some of the best deals in years on cars this fall. Incentives are up on some 2011 vehicles because U.S. auto makers have a glut of inventory. And their Japanese counterparts are trying to regain market share after a production ...
Want a free trip to Paris? Just sign up. Hard-core collectors of frequent-flier miles are turning credit card sign-up bonus offers into vast stashes of miles, points and expensive trips by opening new card accounts by the dozen. Some ...
Subscriber Content Read Preview
When a guy named Vladimir calls you a vampire, it's time to look in the mirror and see if you still have a reflection. Russian Prime Minister Vladimir Putin said it last week as the U.S. wrestled with its debt-ceiling crisis.
Quoted: "There is no chance that the major countries of Europe will let their institutions be at risk in the eyes of the market. "There's not a chance. In fact, I remember the chancellor of Germany saying to the president of the United ...
Reloadable prepaid cards are magic bullets to help overspenders and those who steer clear of banks. But they won't build your credit and can cost you plenty in fees if you're not careful.
With mortgage rates at a 50-year low and banks near his Brookline, N.H., home touting offers of 4% or less, Tom Rogers thought it would be a perfect time to refinance.
With mortgage rates at a 50-year low and banks near his Brookline, N.H., home touting offers of 4% or less, Tom Rogers thought it would be a perfect time to refinance. But in spite of a solid credit score, after an exhaustive survey of ...
Subscriber Content Read Preview
DENVER—President Barack Obama unveiled a plan Wednesday to ease the burden of student debt, speaking in personal terms about the high cost of college.
Scan the list of the worst-performing mutual funds of 2011, and you will run across a slew of formerly highflying fund managers whose picks have crashed and burned.
The news is getting ridiculous. How ridiculous? Well, it's like: Congress raging about the debt ceiling, doing nothing about unemployment, foreclosures or the economy, then taking a vacation.
An invitation to join the ranks of gold- and platinum-card holders isn't the exclusive privilege it once was. Issuers are offering more of these cards, to a wider range of people. The question now: Do you still want one?
Subscriber Content Read Preview
NEW YORK—Discover Financial Services has reached an agreement to buy a $2.5 billion student-loan portfolio from Citigroup Inc., a follow-up to last year's deal in which Citi sold its 80% stake in Student Loan Corp. to Discover in a ...
Financial stocks have been laggards this year, clobbering some diversified mutual funds that hold large stakes in the sector. But a couple of funds with hefty weightings have managed to defy that trend.
It isn't easy buying stocks after the market craters, as it has recently. But the market has rarely looked so appealing in recent decades.
If you're a victim of identity theft or are just trying to prevent it from happening to you, a new website offers a variety of resources. Earlier this month, the nonprofit Consumer Federation of America launched IDTheftInfo.org, a website ...
U.S. stocks shed more than 2.5% on Tuesday, as Greece's call for a voter referendum threw a newly inked European debt deal into doubt. This, after October proved the best month for stocks in decades. Head-scratching volatility like that has ...
Subscriber Content Read Preview
Americans are earning more travel-rewards points than ever—but they also are leaving more of them on the table. In a bid to continue to attract and retain big spenders, airlines and hotels are launching new, more-generous rewards programs. ...
The movie was called "Air Buddies." It featured talking dogs—and it cost me $100,000. Let me explain. My family borrowed the movie and some books from the local library last year before a trip. We wanted the kids to have something to watch ...
For a key to your financial future, $7 to $20 doesn't seem like much to pay – which is why consumers regularly pony up for a peek at their credit scores. Now a new lawsuit suggests that what they're getting may not be worth it.
THAT SUSPICIOUS CHARGE on your medical bill might be a mistake—but if you let it fester, it could end up damaging your credit score. There are no comprehensive statistics on medical-billing mistakes, but Stephen Parente, a professor of ...
Treasury bonds are dead. Long live Treasury bonds! Moody's Investors Service and Standard & Poor's this week said they might downgrade the credit rating of the U.S. if Congress doesn't raise the debt ceiling soon—a move ...
It's getting pricey at the pump. The average price for regular unleaded gasoline was $3.81 at the end of last week, up $1.05 from a year ago, according to AAA's Daily Fuel Gauge Report. And the Energy Information Administration ...
After years of shrinking credit limits, rising rates and new fees, not to mention government legislation, credit card users have every reason to question the value of the plastic in their wallets. And now that the dust has settled, many may ...
Credit-card issuers are marketing so-called professional cards—formerly reserved for small-business owners or executives—to individuals, a new report says.
Recent data showed continued improvement in credit trends, as fewer card holders fell behind on their payments. Now, the lenders need to increase the size of their loan books.
Subscriber Content Read Preview
U.S. banks are bombarding consumers with some of the most lucrative credit-card offers in years. But many of the goodies are being dangled at affluent people who have plenty of plastic already.
Bonuses are back for travel-reward cards. So many credit-card companies are offering deals and perks right now that frequent travelers may want to re-evaluate whether they should switch their card allegiance.
Some large U.S. banks are considering allowing debit cards to bounce just like checks. Normally, if a debit transaction is approved, payment is guaranteed, since debit cards don't bounce. But now banks are faced with new rules that will ...
Subscriber Content Read Preview
BMW AG's multibrand fleet management division Alphabet acquired the car-leasing unit of Dutch financial services group ING NV for €637 million ($915 million) as part of the German luxury-car maker's wider effort to expand in the ...
Subscriber Content Read Preview
With interest rates remaining stubbornly low, a number of banks are trying to breathe life into a savings product that has been out of favor with consumers for years: the certificate of deposit.
Worried about your financial status? Someone wants to sell you protection. More and more websites are offering credit and identity-theft monitoring services, and the chance to buy what look like real credit scores. Credit-card issuers, ...
Who knew checking and savings accounts were so sexy? Historically low interest rates, tough new capital requirements and heightened competition from brokerage firms are prompting banks to dangle juicy incentives to a group of customers that ...
As the portfolios of ordinary shareholders imploded in the second stock-market crash of the 21st century, CEOs looked up from the smoke and ashes and breathed a collective sigh of, "Hey, you know what? It's a buying ...
Ilana Greene, a Chicago-based freelance writer, contributed to this report. SAN FRANCISCO (MarketWatch) — On a safari in Kenya, Dylan Higgins pulled out his credit card to pay for himself and his family — and so the tourism workers hauled ...
The common advice is to not open any new credit before applying for a mortgage. If I lease a car, how will it affect my credit score, and how much time should I allow before I try to buy a home?
The Senate rebuffed the most significant attempt so far to roll back the Dodd-Frank financial-overhaul law, in a blow to banks and credit-card companies that had fought against new debit-card rules that they say will cost them billions of ...
More consumers than ever this year will see how their credit scores are used to determine their interest rates and loan terms. But the effort to provide more clarity may instead lead to more confusion.
WASHINGTON—The Federal Reserve and Federal Trade Commission finalized rules that could make it easier for U.S. consumers to obtain free credit scores from lenders.
A group of four U.S. Senate Democrats, including New York's Charles Schumer and Florida's Bill Nelson, urged the Federal Reserve today to crack down on the marketing of business credit cards, which don't come with many ...
With interest rates near rock bottom and home prices down, this ought to be a great time to buy a home. But for most people, it's a lousy time to get a mortgage.
You've heard of black swans—events that are unthinkably rare, immensely important, and as unpredictable in advance as they are inevitable in hindsight. Now, with no one ruling out a default or downgrade of U.S. Treasury debt, investors ...
Hmm. Now, here's a tough one: Who should we believe? Ratings agency Standard & Poor's or Treasury Secretary Tim Geithner? S&P last week announced there's a 1-in-3 chance it will lower America's Triple-A credit ...
General Electric honcho Jeffrey Immelt and American Express boss Ken Chenault laid out some embarrassingly lame ideas for U.S. job creation last week.
Few new financial rules have been as controversial as the limit on debit-card "swipe" fees. The impact of the rule will be a lot clearer on Wednesday when Visa Inc. gives its business update.
WASHINGTON (MarketWatch) — A top Treasury official charged with setting up a controversial consumer-protection agency on Tuesday reached out to community bankers by insisting the new government office will put major capital behind making ...
Shopping malls, once a hub of suburban commercial life, are rapidly losing ground to online shopping and off-mall locations. The empty storefronts make malls less appealing for consumers and create a ripple effect, says Philip Martin, a ...
WASHINGTON—A government watchdog on Friday issued a warning about the cost of payment-protection plans, which credit-card companies offer as a way to put payments on hold during times of illness or financial distress.
WASHINGTON—The nation's new consumer watchdog agency, the subject of much banking-industry angst, plans to release a report Tuesday with some favorable news about giant credit-card issuers: Banks have eased up on credit-card rate ...
About twenty years ago, Marie and Jerry Wiermanski toyed with the idea of opening a franchise but couldn't find a well-managed company they could afford. Now, in their early 60s, the couple has more money in the bank, a stronger desire ...
Credit-card issuers are marketing so-called professional cards—formerly reserved for small-business owners or executives—to individuals, a new report says.
SAN FRANCISCO (MarketWatch) — Citigroup Inc. said Thursday it plans to issue replacement credit cards to customers who might be affected by a security breach in which someone got access to personal information from tens of thousands of ...
Subscriber Content Read Preview
As worries grow about the euro zone's sovereign-debt crisis, U.S. money-market funds have cut investments in the region's banks and shifted money to financial institutions in Norway, Sweden and Canada.
After this month's crisis in Japan, the Red Cross raised tens of millions of dollars via credit-card donations. In response to the tragedy, Visa, MasterCard and American Express waived their credit-card fees, bringing the organization ...
Subscriber Content Read Preview
As the debit-ceiling debate rages on, there are signs of strain in the municipal-bond market. While there's no reason for panic, say advisers and money managers, investors would be wise to think defensively and be ready to make a move ...
For fliers annoyed by checked baggage fees and $3 in-flight Snickers, the airlines are touting a solution: Their branded, frequent flier credit cards, which now offer fee waivers and other perks, along with mileage rewards. But like ...
WASHINGTON—The nation's new consumer watchdog agency, the subject of much banking-industry angst, released favorable news about giant credit-card issuers: Banks have eased up on credit-card rate increases and turned more ...
WASHINGTON (MarketWatch) — A legislative measure that would have delayed and curtailed a Federal Reserve debit-card interchange-fee reduction rule was rejected by the U.S. Senate Wednesday afternoon.
For travelers swimming in a sea of airline miles and hotel points or just frustrated that they can't redeem them for a desired flight, there's an alternative: Get a face lift.
American Express Co. has struck a deal to offer discounts to shoppers via Foursquare Labs Inc., the two-year-old start-up that lets users win prizes and meet people by using their mobile phones to "check in" at their favorite ...
Did you know that you could get hit with an extra $5,000 in interest payments on a $20,000, five-year car loan because you didn't treat your credit score with the utmost of care?
These days, the full faith and credit of the U.S. government may not be enough to impress the credit-raters at Standard & Poor's, Moody's Investors Service and Fitch Ratings. All three firms have placed the U.S. on watch for a possible ...
Don't underestimate the harm that even one missed mortgage payment can do to your credit score—especially if you had good credit to begin with.
Those high-yield online bank accounts are getting stingier. The Internet banks that lured customers with juicy rates on electronic savings accounts just a few years ago have cut their rates sharply—and some of their accounts are paying less ...
Subscriber Content Read Preview
Warren Buffett likes cheap stocks. Right now, he doesn't need to look far to find one. His company, Berkshire Hathaway, has slid in the last three months, making it one of the more striking values in the stock market. Indeed, some ...
Subscriber Content Read Preview
WASHINGTON—The White House is considering nominating Raj Date, a key adviser to Elizabeth Warren, to head the new Consumer Financial Protection Bureau, according to a person familiar with the matter.
In the history of rapid wealth loss, Patricia Kluge stands apart. Once married to one of America's richest men, she won a divorce settlement in 1990 worth more than $100 million and proceeded to spend it on her lifestyle and business ...
"Digital wallets" that let consumers pay with the swipe of a smartphone could make the plastic credit card obsolete. But the technology also could chip away at consumers' privacy—and tempt them to spend more than they ...
For consumers who have been obsessively tracking, repairing and perfecting their credit scores, two new metrics would like your attention. The Debt Score. The Identity Risk Score. And there'll be more to come, experts say, though ...
After more than two years of tight lending, banks are loosening their grip, offering more mortgages, student loans and credit cards. In a continuing series, SmartMoney charts the slow return of easier credit, and examines the good deals and ...
THIS WEEK Debt Talks: Vice President Joe Biden is slated to meet with a bipartisan group of lawmakers to begin negotiations on a framework for deficit reduction.
The Federal Reserve in March moved to close some of the loopholes in the Credit Card Accountability, Responsibility and Disclosure Act, the 2009 law intended to curb abusive credit-card lending. One group of borrowers, though, could still ...
With summer around the bend, investors are fretting about the return of something much more unpleasant: the bear market. Suddenly, there are reasons for worry that stocks could be entering a difficulty period, including suddenly poor ...
Subscriber Content Read Preview
Everything seems a bit crazier than usual in the markets these days. In such a climate, contrarians see opportunity. There is no shortage of drama. The Greek debt crisis has receded a bit, but it remains very much in the news. China is ...
Yield-starved investors soon may have another place to reap higher dividends: bank stocks. The sector has long been popular with retail investors because of its healthy dividends. But banks were forced to cut or suspend their payouts during ...
Small print has become a giant menace, costing consumers $250 billion a year. New ways to avoid the traps.
For the past five years, these funds have excelled. Can they do it for the next five?
A little light reading while you're on hold.
Why classroom experience may not pay off on Wall Street.