The Borrowers - Most Commented


Credit counseling can't help everyone

Aug 14, 2009
For another point of view on the merits of credit counseling, we asked Gail Cunningham of the National Foundation for Credit Counseling to respond to Liz Pulliam Weston's assertions. She insists counselors are there to help, but don't work magic.
Posted In: Savings

Do credit counselors actually work?

Aug 14, 2009
If you're in debt you might hear advice to go to a credit counselor. But MSN Money columnist Liz Pulliam Weston has been looking into the success rates of those debt-management plans and has found that all too often they don't work.

Arbitration case helps credit card users

Jul 24, 2009
Consumers who sign up for credit cards usually sign away their right to sue for unfair charges. Host Bob Moon talks to Minnesota Attorney General Lori Swanson about why she sued arbitration firms, why they backed down, and what the results mean for consumers.

Merchants take a swipe at card fees

Jul 24, 2009
Every time you charge your Big Gulp at 7-Eleven, a credit card company swallows part of the profit. But Slurpee slingers have had enough of the merchant fees. Stacey Vanek-Smith reports.
Posted In: Retail

10 purchases not to put on credit cards

Jul 8, 2009
Certain types of purchases can be red flags to credit-card companies watching for signs of consumers with questionable finances. Here are 10 compiled with the help of Robert Manning, author of "Credit Card Nation."

Credit card companies are watching you

Jul 8, 2009
With credit card defaults rising, some companies are looking for reasons to cut your plastic. To make these decisions, banks rely on data about what you buy, where, and the company you keep. Stacey Vanek-Smith reports.

Credit card use is ripe for data mining

Jul 1, 2009
These days, credit card companies are taking plastic away from a lot of consumers. To figure out whose credit to cut, companies look at where you live, where you shop, and what you buy. Stacey Vanek-Smith reports on data profiling.

Debt wasn't always the enemy

Jun 29, 2009
The subprime mortgage debacle has given debt a bad rap lately. But there was a time when borrowing money helped establish a strong middle class. Stephen Smith reports.
Posted In: Economy, Housing, Investing

Where did credit-card junk mail go?

Jun 26, 2009
Credit card offers aren't clogging up the mail like they used to. Those that do come in aren't the zero-interest, zero-fee deals of the past. Rico Gagliano reports.

Unemployed stay afloat on credit

Jun 25, 2009
As employment benefits run out, more people are turning to credit cards to make ends meet. Stacey Vanek-Smith reports.
Posted In: Economy



About this collection

How living beyond our means helped bring down the economy. The role of personal debt in the financial crisis, and where we go from here