Number of American Adults with Bankruptcy on Their Credit Report

Is Bankruptcy Common? How many of your acquaintances (family, friends, neighbors, fellow parishioners, club members, etc) have a bankruptcy filing on their credit report? One? Two? Think again! I’ll get to the answer in a moment, but first… how I got there: <a style="font-weight: inherit; font-style: inherit; color: #ec8500;" title="NY...

Credit Card Usage by Month

I read an interesting article on Bankrate.com this morning that had some fascinating, albeit not unexpected, credit card usage data. Essentially, our credit card usage as a country clearly delineates major consumer holidays and events, including the strong uptick in November...

For Teens and Young Adults: Should I Start Building my Credit?

I saw this question from a reporter this morning and don’t want to wait until their publication comes out before I address it myself.  For teens and young adults, when should they start building their credit? What the...

What is the Right Money App for You?

In preparation for reviewing and rating (essentially choosing) the best personal finance apps as part of a series of blogs, I’ve finally chosen the criteria that is most relevant to me. My ratings are not based upon any peer-reviewed analytic model but rather on a kind of the Jaws 4: The Revenge approach. This time,...

Arkansas AG Warns Federal Law Prohibits Debt Collection Abuses

September 18, 2013 LITTLE ROCK – Consumers who have fallen behind on paying their bills – and even some who haven’t – are most likely familiar with incessant calls from some debt collection agencies. Attorney General Dustin McDaniel’s Consumer Protection Division often hears complaints from consumers about unfair, harassing or illegal debt-collection tactics. Debt collection...

Indiana AG: More work ahead with the National Mortgage Settlement

Zoeller: More work still ahead as banks reach obligations under National Mortgage Settlement INDIANAPOLIS – As the nation’s five largest mortgage servicers close in on fulfilling their obligations under the National Mortgage Settlement more work is still ahead, according to Indiana Attorney General Greg Zoeller. Since last year, the ResCap Parties (formerly GMAC), Bank of...

Maryland AG Warns About Potential Health Insurance Fraud

AG Gansler Joins With State, Federal Partners to Warn Consumers About Potential Health Insurance Fraud Scammers often follow launch of government benefit programs; New tools streamline complaint process, share information across agencies, swiftly address privacy threats Baltimore, MD (Sept. 19,...

Win a copy of Everyday Money for Everyday People

Win a copy of Everyday Money for Everyday People.  Debt Reduction Services is pleased to announce that our Director of Education, Todd Christensen, has authored his first book called Everyday Money for Everyday People.Entering is easy, go to Facebook and like our Debt Reduction Services Facebook page, find the post...

Hijacking the Class Pyramid Paradigm – Todd Christensen

Hijacking the Class Pyramid Paradigm Written by Todd Christensen Author of Everyday Money for Everyday People I don’t know about you, but I hate just about any discussion that involves identifying different segments of our population as upper class (“rich”), middle class and lower class. These terms are not only loaded with lots of negative...

Attorney General Warns Contest Entries May Come With Catch

LITTLE ROCK – Those drawings for free gifts may actually come with a cost to Arkansas consumers who submit contest entries at fairs and festivals this fall. Consumers should expect to exchange their personal information for chances at gift cards, spa memberships or other prizes when entering contests or sweepstakes, whether at fairs and festivals,...