You’ve probably read it somewhere — credit unions are better than banks. That’s what Consumer Reports, Bankrate.com, and Money magazine say. Credit unions are owned by members. They are not for profit. They pay higher interest rates on checking accounts, savings accounts and CDs. They charge lower interest rates on credit cards, car loans and [...]
Here are some interesting articles I found last week.
Debt Collection Done From India Appeals to U.S. Agencies (New York Times) - It shouldn’t be a surprise. When you call customer service, you talk to someone in India. When they send you to debt collection, they call you from India. I wonder if people can pretend [...]
Ranking above overdraft or NSF fees from the banks, late fees from credit card companies are probably the most hated fees. Even finance blogger and business executive Shadox who is usually on top of these things is sometimes caught by a late fee. If you ask them nicely, as in Shadox’s case, the credit card [...]
A reader asked a few weeks ago if I’d write something about the Series I Savings Bonds (or "I Bonds" in short). I was thinking of doing it but I now see Jonathan at My Money Blog already did a very good job on this topic. There is also a long thread on the Bogleheads [...]
