We talked to people across the country about financial well-being and what it means to them. Many people told us that financial well-being means: Feeling in control of day-to-day finances. Having a safety net to help stop a financial shock from turning into a long-lasting setback, and Staying on track to meet financial… Continue reading Here’s how financial coaching can help you meet your money goals – saving, building credit and more
Category: Best Low Fee Prepaid Cards
Millions of people are turning to prepaid debit cards as a smart alternative to carrying cash and writing checks. Almost anyone can qualify and they don’t require a credit check or a bank account. Though they carry credit card logos and can be used anywhere a credit card is used, unlike a credit card, they do not offer a line of credit. The user can only spend the amount that has been loaded onto the card or placed into the account associated with the card.
There are dozens of debit cards on the market, many of them issued by the same bank, but fee structures are vastly different. Bestprepaiddebitcards.com has done all the research for you and provides comprehensive reviews to help you decide which card is best for you.
RushCard Glitch Locks Out Thousands of Prepaid Card Customers from Accounts and Prompts Investigation
Hundreds of thousands of Americans are still without access to their paychecks after a glitch struck RushCard, Russell Simmons’ prepaid debit card company. According to an article in Rolling Stone, accountholders, many of whom are low-income and lack access to other banks, found that they had lost access to their accounts nearly two weeks ago.… Continue reading RushCard Glitch Locks Out Thousands of Prepaid Card Customers from Accounts and Prompts Investigation
Helping Financial Caregivers in Every State
Millions of Americans are managing money or property for a family member or friend who is unable to pay bills or make financial decisions. We’ve heard from these financial caregivers about how tough it can be. Kristin in Virginia had to take over financial management for her 35-year-old brother when he suffered a traumatic… Continue reading Helping Financial Caregivers in Every State
Struggling to Keep Up with Student Loan Repayment
We’ve all heard the stories. Whether from our friends, colleagues, adult children, or through our own experiences, we know that student loan debt is taking a huge toll on students and graduates across the country. With the total volume of outstanding student debt amounting to well over a trillion dollars, we’ve heard stories of its… Continue reading Struggling to Keep Up with Student Loan Repayment
New signs of trouble for student loan borrowers
Earlier this year, we asked you to share your stories about student debt stress. More than 30,000 of you responded, telling us that student loan servicers (the companies that send you a bill each month) can make it harder to manage your loans and may contribute to our nation’s growing student loan default problem. Last… Continue reading New signs of trouble for student loan borrowers
What is an ACH?
An ACH is an electronic fund transfer made between banks and credit unions across what is called the Automated Clearing House network. ACH is used for all kinds of fund transfer transactions, including direct deposit of paychecks and monthly debits for routine payments. Merchants often enable consumers to pay bills via ACH by providing an… Continue reading What is an ACH?