Monthly Archives: September 2012

Credit Score Glossary: Refinance

Refinance: Reschedule payments on an installment contract or replacing one loan with another. Consumers commonly refinance mortgage loans on their homes. The reasons for this vary: to reduce the term of a longer mortgage (paying off a mortgage faster), switching between a fixed rate and an adjustable rate mortgage (to save money) or pay offread more

Discover Card Refunds $200 Million to 3.5 Million Cardholders

Instead of the usual monthly statement, Discover credit card customers might receive a check in the mail by 2013. The credit card company was ordered to refund $200 million to 3.5 million customers after the Federal Deposit Insurance Corporation (FDIC) and the Consumer Financial Protection Bureau (CFPB) joint investigation revealed that Discover used deceptive telemarketingread more

Follow the Credit Expert: @YourMoneyAdvice

The Money Advice Service is a website that offers free advice on financial topics including scams and identity theft, wills and estate planning, and even how to manage money when in bad health, along with how to plan for life events such as buying a home, settling a divorce, and retirement. The site comes withread more