A real estate agent in my area has been running a TV commercial telling prospective buyers that just because other parts of the country are having housing market problems not to worry about. “You wouldn’t want a weather report for the whole country,” this agent announces, “So why do you listen to national real estate [...]

This weekend, the New York Times ran a series of articles on debt in America. It’s definitely worth reading, but if you don’t have the time to go through all of them, there are two paragraphs that I think are absolutely key:
Average late fees rose to $35 in 2007 from less than $13 in 1994, [...]

While most personal finance gurus suggest cutting back on your spending to make your paycheck go farther, you may reach a point where your paycheck just won’t stretch any more. That doesn’t mean that you’ve reached a personal finance dead end, though. It just meants that it’s time for a new strategy. Rather than trying [...]

There’s a statue of limitations on debts. At some point, each state tells creditors to give up and go home — how long that takes varies from state to state. That statue of limitations can make it seem like a good idea to just forget about your older debts.
But if you’re working on getting your [...]

With the recent collapse of Indymac Bank, the second largest bank failure in U.S. history, people are starting to pay more attention to the FDIC and what it does. Find out how to protect your money if your bank fails.

GM is downsizing, reducing the number of cars they’re making and the number of employees they have on staff. Even GM’s executives are considering taking a pay cut. Plenty of other businesses are also considering downsizing, or have even started the process.
With big corporations reducing costs, we have to wonder if maybe we should be [...]