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Holidays not the only factor in consumers' massive debt struggles
http://www.observer-reporter.com/article/20140125/NEWS01/140129501
According to the website nerdwallet.com, the average U.S. household (including those that are deeply indebted) owes $15,270 on credit cards; $149,925 on its mortgage; and $32,258 in student loans. That's $197,453 per household in any economy, and that 

How Bad Moves on Social Media Could Damage Your Credit Score
http://springfield-pa.patch.com/groups/business-news/p/how-bad-moves-on-social-media-could-damage-your-credit-score_5a5cf8a8
This involves both revolving credit, such as credit cards, and installment credit, such as mortgages and car loans. New credit applications is 10 percent. Why Would a Company Want to Use Your Social Media Data? Let's face it: People sometimes lie about 

STATE OF UNION TO STRESS 'OPPORTUNITY' over 'inequality ...
http://www.politico.com/playbook/0114/playbook12812.html
PRESS SUDDENLY BULLISH ON IMMIGRATION: WashPost 2-col. lead, “House GOP may move on reform of immigration: WHITE HOUSE HOPES TO STRIKE A DEAL – Boehner will outline principles for party's caucus” … that President Obama is engaging in 'class

Fifth Third Bancorp 4th-quarter earnings edge down
http://www.islandpacket.com/2014/01/23/2907606/fifth-third-4q-earnings-edge-lower.html
Fifth Third said overall credit trends were favorable, with fourth-quarter net charge-offs of bad loans at $148 million, down from $109 million in the third quarter and virtually flat with $147 million in the prior-year quarter. Kevin T. Shannon

Bad Credit Personal Loan, No Credit Check And Credit Cards

Bad Credit Personal Loan, No Credit Check And Credit Cards Choosing the right collateral So what is the right collateral to secure a bad credit ...

Don't fall victim to predatory lending practices

Ould a simple mortgage loan do significant damage to your financial situation? It could if you’re the victim of predatory lending tactics. That phrase is generally used to describe loans structured in a way that makes them more costly or difficult to pay down than other borrowings. People who are saddled with these loans could damage their credit rating or even lose their homes. Predatory loans are often marketed to people who are older, have lower incomes or bad credit, or who may not be familiar with financial terms and practices. The Pennsylvania Institute of Certified Public Accountants (PICPA) advises to watch out for these warning signs.

Warning Sign #1: High Initial Fees

If you’re asked to hand over hundreds of dollars up front for an application fee or other charges, it’s a good idea to step back and shop around to see if you can find a better deal. Ask for a disclosure of all fees associated with the mortgage, including fees called points. Even if you’re getting a subprime loan designed for people with poor credit or other financial issues, aim to pay no more than two points on your mortgage. Also, be sure to get a thorough understanding of all fees by questioning anything you’re unsure of.

How the lawsuits against student loan servicer Navient could affect you

If you have a student loan, there are some lawsuits you need to watch.

Navient, the country’s largest student loan servicer, is facing several lawsuits by attorneys general accusing the company of, among other things, steering borrowers to payment options that cost them more money.

Last week, California Attorney General Xavier Becerra filed a lawsuit against Navient and two of its subsidiaries, Pioneer and General Revenue Corp., alleging misconduct that included misrepresenting the order in which the company would apply extra loan payments and failing to properly discharge federal student debt for borrowers with a total and permanent disability.

Becerra said Navient services about $300 billion in federal and private student loans for 12 million borrowers, of whom about 1.5 million live in California.

At issue is an alleged practice to encourage “borrowers to postpone payments through forbearance, an option in which interest continues to accrue, rather than enroll in an income-driven repayment plan that would avoid fees,” reported The Washington Post’s Danielle Douglas-Gabriel. “Consumer advocates say loan servicers steer borrowers toward forbearance because it requires substantially less paperwork than enrolling them in low-cost plans that peg monthly payments to a percentage of income. Navient has long countered that it has one of the highest rates of enrollment in income-driven plans, denying there is a nefarious plan afoot to deny borrowers the option.”