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Credit & Debt Management





CONSUMER WATCH  
JEFF GELLES


   Low rates tempt, but don't lose your head
Jeff Brown | Yesterday, the Mortgage Bankers Association of America reported the 30-year rate had fallen to an average of 5.99 percent from 6.16 percent a week earlier. This is a four-decade low. The 15-year fixed-rate loan fell to 5.4 percent, a record.


INSIDE CREDIT AND DEBT MANAGEMENT  

Loans
Where to go and what your options are when you need a loan.
Mortgages
Pointers, tools and strategies for securing the right mortgage.
Bankruptcy
How to begin getting out of the red.
Education planning
How best to save for that college education.

LATEST STORY  

How to live debt free
The Allens could be a typical American family, except this: No credit cards, no car payments, no mortgage. Just one property loan remains on their account. Their eventual goal is to be completely debt free.


RELATED LINKS:
Tips from the Allens
Money-saving questions
  

HEADLINES  

Refinancing auto loans may make sense
Consumers who think they cannot capitalize on falling interest rates because they don't own a house ought to talk to Corey Young. The Brentwood, Calif., medical-plan salesman refinanced his car loan in a transaction that could save him about $1,300.

Visa: Debit use overtakes credit card use
For the fist time ever, more American consumers are using debit cards to purchase goods than credit cards as they seek ways to keep a closer eye on their spending, according to a survey by Visa U.S.A.

Parents teach their children how to handle credit cards
Take it from Clif Forrester and Gayle Lease Riley: Kids and credit cards aren't automatically a risky combination. Despite the horror stories about teens and college students being unable to keep up with credit-card bills, Forrester and Riley think kids can avoid debt traps if they develop their financial savvy early.

Bubble talk grows with debt
First, there was the tech stock bubble. Then came fears about a real estate bubble, although the jury is still out on that one. Now, economists and stock market experts are floating the idea of a debt bubble, in which swelled levels of household and corporate borrowing force an already squishy economy into a longer-lasting, and more punishing, downturn.

Promoting financial awareness among the college-bound
Lack of financial savvy isn't a new problem among college students. But today's harsher economic climate has increased the need for tight budgeting.

Promoting financial awareness among the college-bound
Lack of financial savvy isn't a new problem among college students. But today's harsher economic climate has increased the need for tight budgeting.

Help is available to manage your credit
There are times when consumers need to keep a particularly close watch over their credit ratings. Those applying for a mortgage or car loan, for example, face higher interest rates if their credit scores are low. Someone who has lost a charge card might worry that a thief could use it to run up bills. A person who has overdosed on credit card spending might be seeking a path to more-balanced finances.

Credit-card hawkers nest on college campuses
A neighborhood friend just returned from taking his son to college freshman orientation weekend and gave me the rundown on the campus scene. He mentioned the dorm rooms and fraternity houses, the Web-wired library, the professors and, of course, the whopping costs for textbooks and tuition.

New services to manage credit
There are times when consumers need to keep a particularly close watch over their credit ratings.

Protect your checks
The Federal Reserve Bank estimates that check fraud and counterfeiting costs our nation between $10 billion and $14 billion a year. And that number is from the 1990s, the last time the Fed researched the issue.



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