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As consumer credit scores plunged in 2008-2009, lenders raised their standards

How big a whack did your credit score take during the grim years of economic distress following the housing bust? Was it 20 points, 50 points, 100 points — or maybe no drop at all? These are key questions affecting millions of potential home buyers who hope to qualify for mortgages as well as current owners looking to refinance. New research from a major credit-risk evaluation company suggests that the drop in huge numbers of Americans’ scores was dramatic.

 

Cops: Man tried to use $1,000,000 bill at Walmart

One Million Dollar Bill

Police say a North Carolina man insisted his million-dollar note was real when he was buying $476 worth of items at a Walmart.

Senh: Do these people read the news. I guess not. Someone always tries to cash one of these million dollar bills, and then get themselves arrested. What the hell are they thinking? That cash registers actually have change for that much money. But I guess when you're this desperate, you'll try anything. Maybe next time they can try a smaller bill?

 

Can You Trust Your Employer's 401k Plan? Not If Company Stock Is An Option.

The presence of company stock within a 401k plan is a major red flag. On the other hand, it provides a simple way for employees to assess whether they can trust their employer and any of the products and services offered within a plan. The more company stock within a 401k plan, the less an employer can be trusted. It's that simple.

 

How to minimize estate taxes, even if you’re not rich

How to minimize estate taxes, even if you’re not rich

It’s easy to gripe about the rich manipulating the rules to lower their tax rates, but sometimes it’s better to simply borrow a few pages from their playbook. Although finagling a low tax rate on income — as Warren Buffett talks freely about — is difficult for regular salaried workers, there’s another area where modest taxpayers have something to learn from the wealthy: minimizing estate taxes.

 

Materialistic couples have more problems

Materialistic couples have more problems

Loving money may not be good for your love life, according to new research that finds that materialists have unhappier marriages than couples who don't care much about possessions.

Senh: That's reassuring to know, but also obvious.

 

4 top money mistakes that couples make

4 top money mistakes that couples make

On TV it's rare for couples or even roommates to fight about money. Reality isn't always entertaining. Arguments about finances are often what lead to the end of a relationship. Money matters are always a top reason for marital discontent. That's because when it comes to money, opposites often attract.

 

9 tax tips to know during back-to-school season

Follows are nine tips that parents might want to keep in mind while toasting champagne glasses preparing for back to school.

 

How The Market Collapse Can Cripple Your Finances

How The Market Collapse Can Cripple Your Finances

Those who don’t invest in the stock market would like to pretend stock market crashes don’t concern them, but the truth is that they do. It’s not only those who actively trade who lose money. The average person loses money and opportunities as well. To show how, 24/7 Wall St. put together a list of eight ways market collapses affect people’s lives.

 

3 ways to get more return on your savings

Today's seniors can't just stay in today's low-return fixed-income products because rates on money market accounts and CDs won't even keep up with inflation. But there are options.

 

Does Inflation Hurt Savers?

If you save money by putting cash under your mattress, then inflation does indeed rob you of purchasing power. But if, like most of us, you hold your nest egg in a savings account, a money market fund, real estate, or a 401(k) plan then what you care about is your real rate of return, not the inflation rate per se.

 

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