Credit Card Debt Blogs - Page 1

Today on the show, we discussed the new Fannie Mae Deed For Lease Program in Detail; the new CreditKarma Survey on credit card debt; The October 2009 Realty Trac Foreclosure survey; Divorce and Mortgages; Mike Rose, a senior loan officer with Bank of America, came on to talk about some of the new…

Each week on my show, we discuss credit scores and how to raise them. We also discuss how to remove errors. Having a great credit score will help you get the best deals on credit - should you need to get a credit card, auto loan or a mortgage. But having a great credit score will also help you get a…

Ilyce Glink Show Notes: Credit; Texas Consumer Complaint Center; Taylor Bean & Whitaker update; How to Profit From Foreclosure early bird special with discount; VA loan modification; loan modification hell; Clark Howard fill-in tomorrow.

Sometimes you've got to know where you've been to know where you're going.

When the new credit card laws take effect in February 2010, do you know how things will change for your credit card rates and fees?

Bankrate.com has released a study that compares current rates, fees, and other fine print…

Today on the Ilyce Glink show, Ilyce discussed her trip last week to Washington, DC for the National Association of Real Estate Editors (NAREE) meeting. We had a number of questions about long-term care insurance. Long-term care insurance is expensive, but it can be a lot more affordable if you buy…

President Obama signed new credit card legislation into law last week. See the full story for all the changes in the new credit card legislation.

Among the changes, the legislation bans unfair rate increases, prevents fee traps, requires plain sight and plain language disclosures, and has many…

Roth IRA Conversions

Today on the Ilyce Glink show, we had a call about the Roth IRA conversion change for 2010. I've been writing about this for awhile, and basically the change boils down to the following:

If you make too much money (over $100,000/year) to convert your current IRA to a Roth IRA…

Hard to believe it's almost Memorial Day. Today on the Ilyce Glink Show, I announced that I'll be filling in for Clark Howard on Friday and Memorial Day Monday in addition to another live show next Sunday. I hope you can tune in.

Meanwhile, we had a great show today. Here are some of the highlights…

As President Obama and federal legislators debate with credit card companies on fees and rates, consumers are still responsible for paying their credit cards and maintaining their credit reports.

The Illinois CPA Society has released a list of 10 things you can do for yourself to take control of your…

What happens when your luck runs out? You go into backup mode, and start working through your assets. Then, it's time to tap your retirement savings, even though your golden years may be just around the bedn. But what happens after your 401(k), 403(b), 457 retirement plan IRAs are depleted? How do…

And they said it would never happen. The IRS has reconsidered its position on allowing taxpayers to deduct the interest and fees paid on a credit card that is used to pay one's federal income tax bill. Here's the news release from IRS.gov.

Credit and Debit Card Fees Related to Tax Payment are…

The Center for Economic and Entrepreneurial Literacy recently conducted a survey about personal finance and economic issues. They released the results today and emphasized that Americans need more financial literacy education.

Some of the results include:

• 53 percent don't know what the Dow Jones…

Early in today's show, I took a call from Mike who said he had filed for bankruptcy 9 years ago, amid a tough and expensive divorce battle and custody fight. He managed to re-establish his credit, but had rebuilt his credit card debt to about $30,000.

He's working three jobs (he said he has no…

U.S. consumer bankruptcy filings increased 29.2 percent nationwide in February from the same period a year ago, according to the American Bankruptcy Institute (ABI), relying on data from the National Bankruptcy Research Center (NBKRC). The overall February consumer filing total of 98,344 represented…

Tomorrow is Cyber Monday, where everyone goes back to work after the Thanksgiving holiday and begins shopping online (instead of working perhaps?). If you're going to shop Cyber Monday, you'll want to do some homework tonight and tomorrow before going nuts with your credit card.

About 84 percent of…

Only about 10 days until Thanksgiving. Here's where you can find my www.thinkglink.com/labels/Turkey%20Recipe.html

Today on the show, we're going to talk about the latest happenings in the financial world (and what a doozy it was, with that 1000-point swing on Thursday and the stock market down 5…

Today on the Ilyce Glink Show, we talked about Integrity Bank, the Alpharetta, Ga.-based bank that failed on Friday. It was the 10th bank to fail this year. Regions Financial Corp has assumed the assets of Integrity Bank and all of its 5 branches will reopen on Tuesday as Regions Bank branches…

During the first half of 2008, ending June 30, the number of consumer bankruptcies filed rose by 28.8 percent compared with the first half of 2007, reports the American Bankruptcy Institute.

There were 503,749 consumer bankruptcies filed in first half 2008; in first half 2007 there were 391,105…

Credit card debt can pile up fast, especially when you're in college. A new poll says that nearly one quarter of college students graduate with more than $5,000 in credit card debt. One in 10 of those surveyed said they owed more than $10,000. Some students sign up for credit cards on campus, when…

As a mom trying to teach an 18-year-old to manage his money, I think you were right on the mark with your advice to Jason.

While I do think he should register a complaint about the collection person who violated the law, there is no excuse - none - for his failing to take action on the overdue bill…

Jason, a 22-year old listener, called the show to complain that he was 3 months late on an $850 credit card debt, and his credit card company called his mom to tell her. She call him and gave him heck.

He's mad at the credit card company for violating the law. I agreed that they did, but I told him…

Apparently getting somewhere is becoming more important than looking cool.

Teens spend more money on gas than they do on clothes when they use their credit cards, according to a poll from Junior Achievement and the Allstate Foundation.

Nearly 70 percent of teens use credit cards to buy gas, up from 52…

You have to balance rewards with interest rates and rules when signing up for credit cards and other rewards programs, Consumer Reportsrecently advised. In some cases, the restrictions on the rewards make them not worth the trouble.

If the interest rates on the credit cards are too high (and you…

We've had an amazing response to our query today: How are you spending your rebate check?

Here's what some of our callers said about how they're going to spend their money:

Darlene got $600, and even though she used Turbo Tax to file her tax return, requesting direct deposit, she got a paper check.

…

Earlier this week, the Center for Economic and Entrepreneurial Literacy (CEEL) released the results of a national survey about how much people know about personal finance and economic issues.

Someone's not doing their homework.....

The survey showed that an overwhelming number of Americans can't…