Missouri attorney general targets unfair debt collection practices

February 28, 2011

The Missouri attorney general’s office announced that complaints relating consumer debt collection practices lead its top ten list of consumer complaints. Most frequently cited are repeated phone calls, collectors calling places of work after being asked not to do so, and rude and threatening calls.
Finding debt relief
The Federal Trade Commission provides consumer information indicating what is legal [...]

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A great week for mortgage loan rates – 4.95 percent and lower

February 27, 2011

Two weeks ago, mortgage loan rates crept above 5.0 percent for the first time in 2011. Mortgage loan orignators and consumers seeking mortgage financing all wondered if the trend would continue upward. This week, a mixed bag of economic news has caused mortgage loan rates to drop below the 5.0 percent mark again,  making it a great [...]

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Saving and managing credit card debt: Why both are important

February 21, 2011

Financial experts often recommend paying off high-cost consumer debt as a top priority; the longer you carry debt with high finance charges, you’re continuing to throw away your money on paying interest and fees. This makes good sense unless you have no savings for emergencies and retirement. Here are some tips for successful saving and [...]

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Historically speaking, exactly how low are today’s mortgage rates?

February 19, 2011

You may have heard again and again that it is a good time to refinance. But, do you really understand why?
Following are some interesting historical facts about mortgage rates that will prove how today’s mortgage rates offer an exciting possibility to refinance. After reading these facts, you will likely want to contact a professional for [...]

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Federal government facing debt crisis — What about you?

February 14, 2011

The federal government is trying to decide whether or not to raise its debt ceiling.
What would happen if each time you approached your credit limit for a credit card, you could simply raise your credit line? That’s not an option in the real world of consumer finance; we either pay up or pay the consequences, [...]

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Mortgage quotes spike above 5 percent

February 13, 2011

Not since May 6, 2010 has the national average for a 30-year fixed-rate conforming mortgage been at or above 5 percent. This week’s Freddie Mac Primary Mortgage Market Survey (PMMS) reported a 0.24 percent jump over the same product just one week prior. That is an extraordinary spike upward. Normally, mortgage rate movement week over [...]

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Refinance share of mortgage applications dip according to the MBA

February 5, 2011

When mortgage loan applications slow down, even slightly, mortgage loan officers start promoting deals to get the volume back up. The best time to refinance is while mortgage rates are low and the loan officers are boosting volume. These are precisely the conditions that exist this week.
According to the Mortgage Banker’s Association (MBA), “The refinance [...]

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Debt management: Tips for saving on health care

February 4, 2011

With fewer employers providing health insurance, long term unemployment and under-employment, more Americans are uninsured and under-insured. These tips can help with managing health care costs and avoiding high medical debt.

Compare costs: CBS News correspondent Rebecca Jarvis recommends shopping medical costs online. It’s possible to find significant savings, but take time to verify licensing and board certification for [...]

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