Consumer Debt

Credit Reporting and Credit Scoring

It sounds like you are doing a lot right with your information security and fraud prevention.  Continue the vigilance!  We can never let down our guard.  Here’s useful identity theft prevention information from the Indiana Attorney General. Earlier I mentioned the 2017 Equifax Data Breach.  Here’s an excerpt from Dave Ramsey’s rant about it (at…

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Two Topics from the Course

Just about every topic that we’re discussing in the course has been in recent news, and I’ll touch on just a couple. Credit Card Debt On July 11, 2019 Yahoo Finance reporter Sibile Marcellus writes, “Americans owe more than $1 trillion in credit card debt. And according to a new CreditCards.com poll, households with credit…

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Credit Card Agreements

If you have a credit card you probably don’t remember its terms and conditions; unfortunately, most people sign on without having read them in the first place. In truth, they aren’t meant to be understood.  If you scan through the CreditCards.com study results from 2011 and 2016, you’ll get a better feel for what I…

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It’s Time to Gear up (again) for Bankruptcy

If something cannot go on forever, it will stop. Herbert Stein, 9th Chair of the Council of Economic Advisers (January 1, 1972 to August 31, 1974) “It’s not a matter of if; it’s a matter of when. And I could be early on the call as I was back in 2007, but I am suggesting…

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Tippecanoe County, IN, experiences the highest wage growth in the U.S

The U.S. Bureau of Labor Statistics reports that Tippecanoe County, IN, had the largest over-the-year percentage increase in average weekly wages During the 4th quarter of 2018 (15.1%). Within Tippecanoe, an average weekly wage gain of $1,046 (128.5%) in professional and business services made the largest contribution to the county’s increase in average weekly wages.…

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