Reuters Money

New credit score tool offers insight into getting the best credit card

September 21, 2011

There’s a certain mystery about applying for a credit card: Is your credit score good enough for the best card and rate? Just how much credit might you get  if you are approved? What does everyone else get?

Time to refinance? How low can mortgage rates go?

August 12, 2011

Mark Sass and his wife Jan decided to refinance the mortgage on their Cincinnati, Ohio, home on Friday, just days before the Federal Reserve pledged to keep rates near historic lows through the first half of 2013.

Stock loans can put your securities to work as collateral

August 1, 2011

A few years ago, homes provided a deep and seemingly endless pool of loan collateral. Now, depressed real estate values and tight lending standards are prompting some brokers to float the idea of using stocks and other securities as collateral for people with healthy portfolios but limited borrowing options.

It’s time for banks to pay back their debt to the rest of us

July 29, 2011

The devilish deficit dance going on in Congress right now has been a convenient distraction for big U.S. banks. They’ve not only escaped new taxes for now, but they also are relishing their taxpayer bailout by earning robust profits.

Consumers buy the wrong credit scores, new agency warns

July 19, 2011

At least some of the millions and millions of dollars that consumers shell out to buy their credit scores could be misspent, and possibly even damaging, the Consumer Financial Protection Bureau suggested in a report released today.

5 reasons why banks hate Elizabeth Warren

June 2, 2011

Elizabeth Warren, it’s not you they hate. It’s what you represent. You want to be an honest cop when so many before you in Washington have looked the other way and pretended that the banking industry could police itself.

Affluent plastic: Are high-end credit cards worth it?

May 27, 2011

Competition is heating up in the lucrative high-end credit card market, where annual fees can run into the hundreds, or even thousands, of dollars. Issuers are offering luxury benefits and exclusive rewards programs in an attempt to win the loyalty of affluent consumers.

Why are credit scores such a mystery?

May 23, 2011

Do you know how your credit score is calculated?

Most people don’t because it’s a trade secret, and the private firms that collect credit data are poorly regulated. You have better chance of reading classified U.S. State Department cables on Wikileaks.

The best credit cards for college grads

May 4, 2011

The din of hallowed halls is quieting and as college students reach for their diplomas, they may also be reaching for some new plastic. Grads who have reached the ripe-old-age of 21 are now unencumbered by credit card regulation and free to start building a credit history — and choosing the right card can mean extra rewards.

Need a loan? 4 tips to improve your debt health

April 20, 2011

USA-HOUSING/SPRINGYou’re young, ready to start a family and make the most significant investment of your life — the purchase of your first home. You’ve saved for a sizable down payment, but have you assessed your debt health?