Fewer Homeowners, More Credit Card Borrower, Robbing Your Future (tapping your 401k) and more bits…

Hating Homeownership U.S. homeownership falls to the lowest levels in almost 20 years, blared the headlines. Lots of articles explained “Why Your Home is Not a Good Investment” and why Americans think owning a home is better for them than it is. It seems that America’s former love affair with real estate is over.

U.S. consumer credit posts largest gain in a year U.S. consumer credit recorded its largest increase in a year in March, boosted by growing demand for student loans and household borrowing to buy automobiles. Revolving credit, which mostly measures credit-card use, rebounded by $1.13 billion after falling by a revised $2.73 billion in February. The failure in March to recoup the prior month’s decline suggests that households remain cautious about assuming too much debt.

The First Thing To Do Before Applying For a Credit Card Whether you love shopping or loathe it, hunting for a great credit card is one of those shopping expeditions that is well worth it. The deal you snag now on a new card can pay off handsomely in coming years. But before you jump in and start comparing credit card interest rates, fees or rewards, there’s one step you won’t want to overlook: reviewing your credit reports and scores. This first step is crucial…

Do You Know Your Credit Score? Every month, American Consumer Credit Counseling posts a poll question on its homepage.  For the month of March, ACCC asked… Do You Know Your Credit Score? We had 819 responses.  Here’s what we found out…

Early Tap of 401(k) Replaces Homes as American Piggy Bank Premature withdrawals from retirement accounts have become America’s new piggy bank, cracked open in record amounts during lean times by people like Cindy Cromie, who needed the money to rent a U-Haul and start a new life. The Internal Revenue Service collected $5.7 billion in 2011 from penalties, meaning that Americans took out about $57 billion from retirement funds before they were supposed to.

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