Latest Business News

As evidenced by the premier of A&E TV’s Hoarders this week, it’s sometimes hard to tell the difference between one of the largest collections from a pile of junk. I guess that’s why they say one man’s trash is another man’s treasure. Are you a collector, or a hoarder? Is the value you gain from your collection worth the time and cost you’ve put into it? Here are some of the more common collections and, where possible, a link to the largest collection:

The Largest Collection Of…

Silly Bandz – If you haven’t heard of these things, odds are you’ve seen someone wearing one.

Full Post…

In late April, SmartyPig, a social website that lets friends and family members contribute to one’s saving goals, generated quite some buzz in the PF blog community when it raised its savings account rate to 2.15% APY. The reason why the move received so much attention was that SmartyPig did that while other banks were cutting rates. Plus, 2.15% APY was, and probably still is, the highest yield among online savings accounts. In the current low-rate environment, savers looking for good return for their hard-earned money are getting yields that are mostly in the low 1.0% APY range.

Full Post…

In the face of overwhelming debts and rising costs, individuals sometimes find that best option may be to file for bankruptcy. Although it sounds to many like the end of the world, the bankruptcy laws in the U.S. allow many individuals and families to file and then move on with their lives.There are two basic types of bankruptcy filing for individuals: Chapter 7 and Chapter 13. The latter is more inclusive; almost anyone can file for Chapter 13 bankruptcy, provided that they owe no more than $360,475 in unsecured debts and $1,081,400 in secured debts. Chapter 7 filers, on the other hand, are “means-tested” and have to undergo a counseling session with a credit counselor. Full Post…

Odds are, you’ve been getting credit card offers since you turned 18, or even earlier. The credit card industry sent out 1.1 billion offers in the second quarter of 2010 alone, more than twice as many as they did in 2009. Despite dire predictions, the industry is far from failing.So what are the best credit cards you, as a young worker or student, can get? That depends on your needs, but there are a few good options.The Discover More Card is one good choice, with a zero-percent annual percentage rate for fully 15 months – though you should always pay your monthly balance on time. Full Post…

Calls have been made for the government to put a cap on the interest rates charged on personal loans. This follows research that showed that most consumers in Britain want to see a cap on the rates of interest that lenders can charge for personal loans. The research was carried out recently by Compass on behalf of YouGov.

According to the results of the study around 68 percent of consumers believe that the government has a responsibility to protect consumers who take out personal loans by ensuring that a cap is put on personal loan interest rates.

Full Post…