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If you’re somewhere between 40ish or 50ish, you won’t want to read this.

The Center for Retirement Research at Boston College released a report on how the retirement savings different ages of workers have suffered during the downturn and since.

The key finding: While older Baby Boomers lost the most money, their 401(k) returns have rebounded the most. Why? Because the markets have treated them so well over their investment history. The nest eggs of Gen Xers and Late Boomers (those age 40 in 1999) aren’t in near as good shape.

The study looked at three sets of workers who contributed 9 percent of their salary to their 401(k)s at age 30. Full Article…

A man whose selling tactics were labeled as “deceptive” will no longer be allowed to take part in the telemarketing business based on an agreement struck with the Federal Trade Commission.

Through the settlement, James Nicholson will not be allowed to engage in telemarketing. Nicholson, along with a collection of companies he controls, will also have to pay more than $200,000 as a result of the agreement.

Last year the FTC filed a lawsuit against Nicholson saying that he used deceptive practices to market a credit card product to people with low credit scores or those with no credit history. Allegedly, the cards were advertised to these consumers as offering them a significant source of credit, which they could use for cash advances. Full Article…

There are two types of debt consolidation loans available. They are secured loans and unsecured loans. There is a huge difference in these two loan types and it is important that you understand the difference between the types of financing. Once you find out what all is involved a getting a loan, you may change your mind completely about borrowing money to pay off debt.

A secured loan is what the majority of debt consolidation loans are and the reason they are called secured is because they are secured with an asset. In most cases, this asset is your home. You will get a decent interest rate on these loans, the interest will be tax deductible and you will have to be credit worthy to quality for this type of financing. Full Article…

We respond to a recent question regarding returning a Toyota Camry to the dealer and the repercussions to your credit score and credit report.

A simple question

At Auto Credit Express, we recently received the following question from one of our readers:

“I have a Toyota Camry and with all the recalls I do not feel safe driving the car, even if they “fix” the problems. I went to try to trade it, and because it’s not a year old and has all the recalls, the car is worth $10,000 less than what I owe. Looking at my credit, I can finance a second car without trading. Someone told me that I should finance a new car and then turn in the Camry to Toyota. He said

Full Article…

Though a credit card offer might boast the credit card is free, many credit cards come with hidden fees that increase the cost of having credit. If you want to avoid paying anything for using your credit card, you’ll have to use it just right – too much or even too little can be costly.

Annual fee

The annual fee is a common credit card fee that you pay simply for having the credit card open. Not all credit cards have annual fees, but they could become more common now that the new credit card rules are in effect. Some credit cards charge a flat annual fee no matter what. Oth

Full Article…