Credit Score: Facts and Fiction
Think paying your bills on time is all that you need for a rosy credit score? This morning I discussed credit score basics--and a couple of myths--with CBS3. [video=478305]
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Jill Schlesinger, CFP®, is the Emmy and Gracie Award-winning business analyst for CBS News, where she translates complicated business and economic news into understandable, relatable topics for everyday viewers and listeners. She covers the economy, markets, investing and anything else with a dollar sign on TV, on the "Jill on Money" podcast, radio (including her nationally syndicated show, "Jill on Money," which won the 2018 and 2021 Gracie Award for Best National Talk Show), the web and her blog, "Jill on Money." Jill also won a 2018 Personal Finance Reporting Award from the Radio Television Digital News Association (RTDNA)/National Endowment for Financial Education (NEFE).
Prior to her second career at CBS, Schlesinger spent 14 years as the co-owner and chief investment officer for an independent investment advisory firm. She began her career as a self-employed options trader on the Commodities Exchange of New York, following her graduation from Brown University.
Schlesinger's second book, "The Great Money Reset," was published in January 2023 by St. Martin's Press and her first book, "The Dumb Things Smart People Do With Their Money," was published in February 2019 by Ballantine Books.
Think paying your bills on time is all that you need for a rosy credit score? This morning I discussed credit score basics--and a couple of myths--with CBS3. [video=478305]
Economic reports this week should make incumbents shake. Confidence remains mired at around 50 (during good economic times the number is above 90), and while housing and stock prices have recovered from the lows, they are both well below pre-recession levels. I discussed these trends and the impl...
The National Association of Realtors said September existing-home sales increased 10 percent to a seasonally-adjusted annual rate of 4.53 million from August. The NAR said that "a housing recovery is taking place," which may be true, but if you are in the market for a home, relax--there's plenty o...
Watch this segment from last night's 60 Minutes and you may feel pretty blue. Scott Pelley captures the angst and desperation that long-term unemployed feel as the Great Recession and so-so recovery drag on. What struck me was Pelley's line that many of the 99-ers are "too young to retire and too...
This was a great episode of "Ask The Experts". Clearly the concept of retirement has changed since the Great Recession, but our guest, Ken Dychtwald from Age Wave, contends that the nation's demographic shift was already changing our "golden years." We cover second careers, living arrangements, l...
On a light news Friday, I had a fun discussion on WCBS-TV about a recent survey that shows (yet again) that men and women are very different when it comes to their views about money. While there were some areas of agreement between the sexes, there were some surprising results. [video=477529]
During the recession and recovery, Americans have turned to the more affordable used car market. But before you make that purchase, you may be surprised to learn which models are targets for thieves. (Hint: Murphy Brown was still on the air when some of these cars rolled out of the show rooms!) Chec...
For the millions of Americans who work with stock brokers, financial advisors, life insurance salesmen or CPAs who provide more than just tax-prep, it's time to put your professional to work!I thought about this after meeting this lovely southern belle at the Museum of Natural History. She was worri...
We may not be in a full-fledged bull market, but investors are a lot better off today then in the spring of 2009, when stocks plunged to bear market lows. Since we're human beings, of course only after the stock market rises, do I find people who ask about getting more aggressive with their portfoli...
Some might find solace in Press Secretary Robert Gibbs' recent remarks about foreclosuregate--I don't. Here's what he said: As institutions are determining their next steps in addressing these [foreclosure] issues, we remain committed to holding accountable any bank that has violated the law. In ad...
This morning, the Census Bureau reported that housing starts were up 0.3 percent in September to a seasonally adjusted annual rate of 610,000. The news follows yesterday's report that homebuilder confidence rose to the highest level in four months in October, but still remains at a historically low ...
Now that Bank of America announced that it would resume foreclosures in 23 states, "foreclosuregate" enters a new phase. I discussed where we are in the fiasco with WCBS-TV this morning. The interview occurred prior to B of A's better than expected earnings report of $0.27 per share for the third qu...
Gosh, that was so much easier than the whole TARP thing, wasn't it? We should send the White House a thank-you note!" That must have been what the brass was thinking down in Charlotte, NC after Bank of America announced it was preparing new affidavits for 102,000 pending foreclosure actions and is ...
Here's more from my interview with CNBC anchor Maria Bartiromo. We discuss executive compensation, Elizabeth Warren, and Maria's cameo in the movie "Wall Street: Money Never Sleeps". [video=474814]
Retail sales were up 0.6 percent from the previous month, better than the consensus estimate of 0.4 percent. Excluding autos, September sales were up 0.4 percent, matching analysts' expectations. Maybe the 17.7 percent year over year jump in Halloween spending had something to do with the good resul...