Callers from India — often posing as U.S. police officers — called at least 600,000 people across the U.S. about fake debts and took more than $5 million in real money, the Federal Trade Commission announced Wednesday.
debt
First Job? 6 Critical Steps to Long-Term Security
The Class of 2012 may be surprised to hear that they need to start saving…right now. Here are 6 ways to make saving for retirement both painless and bulletproof.
60 and Still Not Out of Student Loan Debt: Seniors Facing $36 Billion in College Loans
Student loan debt is usually thought of as a young person’s problem. Those who earned their degrees in 2010 graduated with what was then a highest-ever average of $25,250 in student loans, and considering that education costs are …
Student Loans: For a Great Deal, Borrow from Alumni
An alumni network at 40 universities looks to make student loans more affordable while cutting the default rate and providing lenders with a decent return.
How to Cut Your IRS Debt
If you’re having trouble paying your taxes or want to fight late fees, these tips can help you negotiate with the IRS.
Why Portugal May Be the Next Greece
The worst is over for the euro zone, the experts say. But Greece isn’t really fixed and Portugal could become a second big problem before year-end
Solutions to 9 Puzzling Financial Frustrations
Uh-Oh: Banks and Credit Unions Peddling Payday Loans
A payday loan by any other name is still a raw deal for consumers. That’s the message watchdog groups have in response to the growing number of short-term, high-cost loans being offered by banks and even credit unions. Since …
Why the Student Loan Situation Is Worse Than We Thought
The latest report by the Federal Reserve Bank of New York shows how dire the financial situation has become for college students with outstanding loans.
Why You Might Owe Taxes On Canceled Credit Card Debt
If you had credit card debt canceled or forgiven in the last several years, don’t be surprised if the IRS comes knocking.
Is America’s Economic Recovery Real?
That’s the $64,000 question, particularly for the U.S. presidential elections – if things keep improving, it’s only good news for Obama. The economy has been on a roll this year, with unemployment down, consumer and …
This Country Just Capped Credit Card APRs: Should We?
Some people think the United States should cap the interest rates credit card companies are allowed to charge, but the prospect of maximum APRs doesn’t sit well with some lawmakers, not to mention the financial services industry. …