The fabulous Bryce Covert, who writes "The Swipe" for New Deal 2.0 blog, joined us to talk about the credit card industry, both pre and post-CARD Act. Check out her new video, "Stacking the Deck: Credit Card Tricks and Traps," where she explores the history of credit cards and explains how the combination of stagnant wages and crafty credit card companies is fleecing today's consumers.
The one problem with credit card free is that it can leave you without a credit history. Steve Ely of eCredible has a solution for the 50 million Americans who fall outside the credit reporting radar.
Callers and e-mailers went back to basics, starting with Lance who has extra money to add to his retirement; Ed, whose daughter is facing a massive increase in her student loan payments; Tony, who needed help with an old retirement plan; and Josh from RI, who asked the eternal question about life insurance: term or permanent? Here's a good two minute primer on life insurance:
Here are web sites and resources mentioned in this week's show:
- Why Stocks Fell This Week
- Bryce Covert's "The Swipe"
- Life Insurance Calculator
- 9 Questions for Financial Advisors