Personal Finance Advice and Commentary

Sunday, February 19, 2012 10:30 am
By Marcie Geffner · Bankrate.com

The National Endowment for Financial Education, NEFE, a nonprofit organization in Denver, is warning consumers about the pitfalls of so-called debt consolidation loans. A recent online poll, commissioned by NEFE, found that 75 percent of U.S. adults said they had debt and 51 percent said they were worried about the amount they owed. The poll

Monday, November 22, 2010 12:02 pm
By Lucy Lazarony · Bankrate.com

Struggling to make the minimum payments on your credit card debt? Contact your card company for help. A credit card company may agree to reduce your interest rate or lower the minimum monthly payment on your credit card debt for a few months. And some credit card companies may even agree to a more affordable repayment

Wednesday, October 27, 2010 10:02 am
By Lucy Lazarony · Bankrate.com

Say so long to hefty advance fees for debt relief help. Beginning on Oct. 27, 2010, all for-profit companies that sell debt relief services over the telephone may no longer charge a fee before they settle or reduce a customer’s credit card debt or other unsecured debt. This new rule comes courtesy of amendments to the