Personal Finance Archives

Beware the penalty APR

Beware the penalty APR

When you’re shopping for a loan, it’s always important to compare the Annual Percentage Rate (APR) of various loan offers. However, when you’re shopping for a credit card, there’s another ate [...]

NY Fed: Household debt exceeds peak reached in 2008

NY Fed: Household debt exceeds peak reached in 2008

The Federal Reserve Bank of New York this week released second quarter data on household debt and credit that showed total household debt reached a new high of $13.86 trillion – $1.2 trillion (in [...]