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News

2008

April

21
  • Debt may be a factor in suspicious fires. Some folks celebrate their last home mortgage payment by setting fire to their loan agreement. Lately, some people behind on their mortgages are simply setting fire to their homes. In what appears to be the
  • Green funerals make for eco-exits. LONDON — It's no longer enough to live a greener life — now people are being encouraged to be environmentally friendly when they leave the Earth too. Cardboard coffins, clothes sewn from natural fibers, a burial plot
  • Teens turn to thrift in tight economy. The souring job market and rising costs of the usual teenage indulgences — a slice of pizza, a drive to the mall, the hottest new jeans — are causing teens to do something they rarely do: be
  • Faster Internet could cost you in future. Back in the days of dial-up, Internet users were content to watch text download onto screens, one excruciating line at a time. Nowadays, people get annoyed if they have to wait more than a few
20
  • Homebuilders: Walk away, expect to pay. If you thought buying a new home was expensive, wait until you see how much it costs you to back out of the deal. Some buyers have compelling reasons to want out of a home
  • Putting a big squeeze on condo loans. If you own or plan to buy a condominium, an ominous new phase of the mortgage-credit squeeze could be looming for you. As a result of underwriting changes by the giant mortgage investors Fannie Mae
  • Sizing up college financial aid packages. One of the many challenges of sending a child through school now sits in a pile on Joseph Han's desk. Han, a Garden Grove legal assistant, is the father of an honors student at Pacifica
  • Sending less money home to Mexico. The U.S. economic downturn and tightened border controls have begun to alter the rhythms of undocumented migrants who used to move back and forth with regularity, which has crimped the flow of money sent
  • Rights bill weighed for credit card users. Credit cards are diabolically convenient. Having a card means you don't always have to carry cash. You can zip through payment without delay. You are relatively protected from fraud. And, should a transaction go awry,
  • School loans: Going federal gets difficult. If you must borrow for college, your best bet is a federal student loan. You don't need a credit check. The interest rate is low. Repayment plans are flexible. And, thanks to a new law,
  • Teaching kids early about banking. Kids know money doesn't grow on trees. But some of them believe it grows out of that machine in the wall. They see their parents pull out an ATM card, punch in a code, and
18
  • Student loan bill passes U.S. House. The House, trying to avert a looming shortage in available student loans, approved a measure allowing the Department of Education to buy federally guaranteed loans that lenders are unable to sell to private investors. The
  • Fed drafting new credit card rules. The Federal Reserve later this spring will propose new rules to prohibit "unfair or deceptive credit card practices," such as arbitrary interest-rate increases and double-cycle billing, a top agency official told a congressional panel yesterday.
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  • Debate: Police those credit cards. Via the Credit Cardholders’ Bill of Rights, the U.S. should regulate the industry to protect consumers from sudden rate increases such as those recently imposed by Bank of America, which more than doubled rates
15
  • Stimulus payment offers incentive to file taxes. Whatever your excuse is for filing taxes at the last minute – you thrive under pressure, you're lazy, you don't want to pay the IRS, the dog ate your tax form – they're due today. But this
  • Retailers caught in a wave of bankruptcies. The consumer spending slump and tightening credit markets are unleashing a widening wave of bankruptcies in American retailing, prompting thousands of store closings that are expected to remake suburban malls and downtown shopping districts across
  • Poll: Housing woes won't end soon. A growing majority say they won't buy a home anytime soon, the latest sign of increasing pessimism about the nation's housing crisis, a poll showed Monday. The Associated Press-AOL Money & Finance poll found that more
  • Online banking satisfaction up. Banks have been disappointing customers many ways lately — tightening mortgage lending standards, paring back home-equity and credit-card lines and lowering savings interest rates — but they're receiving higher marks for at least one thing: their websites.
14
  • What happens to credit card debt after death?. You can't take it with you, but do credit card bills follow you into the grave? Does that debt die with you? Or can it come back to haunt those left behind? There's no one-size-fits-all
 

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