Monthly Archives: March 2013

VantageScore3.0 Brings Changes to Credit Scores (as reported by Gerri Detweiler via

The newest version of the consumer credit rating product VantageScore has been unveiled this week with three big changes intended to benefit consumers. This comes as a response to some of the common complaints made by consumers who feel their credit scores are not presented fairly. The changes in VantageScore3.0 include the end of the […]

Financial Lessons from one woman’s tragedy (as reported by Ron Lieber via

This New York Times article of a woman trying to take the reins on her finances after the sudden death of her husband highlights the importance of estate planning and being financially literate. Chanel Reynolds faced many difficulties coming from the lack of a signed will and little information about her insurance, retirement account, and […]

What’s In A Name? The Differences between Financial Professionals (as reported by

Though used interchangeably in conversation, there are stark differences between stockbrokers, investment advisors, and financial advisors. These differences become crucial when seeking to hire a professional for financial or investment advice. This handy Forbes article outlines the differences between the three in a clear manner, listing the functions and qualifications behind each title. Click here […]

Payday lenders endure even as consumers aware of risks (as reported by John Sandman via

This article paints a comprehensive picture of the problem with payday lenders: these quick cash advances are a short term solution to a long term money issue. Most people are familiar with the 20,000 storefront locations in over 33 states offering payday loans, but now payday loans are even available from banks in the majority […]

Are we letting a perfectly good crisis go to waste? (as reported by John W. Schoen via

New research from the PewResearchCenter indicates that people under 35 in the U.S. are carrying lower levels of debt. According to their data, young people have pared debt more aggressively than older households since the 2008 crisis. This marks a paradigm shift from years prior, when debt-to-income ratios among that group were at record levels. […]