Reverse mortgages have been around for nearly 20 years, but it wasn’t until the current financial crisis that they caught on. Seniors are turning to these loans to tap the equity in their homes and generate tax-free income to help them ride out hard times. For Frank and Carol Rider, a reverse mortgage is providing […]

Relief is on the way – but at a price. The Credit Cardholders’ Bill of Rights Act of 2009 has landed on President Obama’s desk after passing the House Wednesday. When signed into law, it will affect the pocketbook of every man, woman – and yes, teenager – who uses credit cards, only to find […]

New ‘hardship’ debt management plan created, with lower payments By Jeremy M. Simon Ten of the largest U.S. credit card issuers have agreed to make it easier for troubled cardholders to repay their debts. That change was announced today by the National Foundation for Credit Counseling, a major nonprofit consumer credit counseling group. In fall […]