Church Burning Protest, Financial Literacy..Still? | Birmingham AL

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The Importance of Financial Literacy

The less you know about credit cards, the more you will pay, especially if you are a woman. A study from the FINRA Investor Education Foundation showed that women with low levels of financial literacy were more likely to take part in costly credit card behaviors than men with a low level of financial literacy. However, there were no differences in behavior between men and women with high financial literacy. The findings imply that increasing financial literacy can improve credit card management as well as reduce or possibly eliminate gender-based differences in credit card behavior. According to the survey, women were six percentage points more likely than a man to be charged a late fee, five percentage points more likely to carry a balance, and four points more likely to pay the minimum payment on
their cards. []

Church Burns Credit Cards in Protest of Predatory Lending Practices

Members of the First Baptist Church of Lincoln Gardens in New Jersey gathered to burn mailed credit card offers following church services in an act of protest against predatory lending. The group was led by Rev. DeForest Soaries Jr., an outspoken activist against aggressive lending practices and a proponent of debt-free living He is concerned credit card companies may be taking advantage of low-income Americans, whose poor credit can result in higher interest rates and stiff late payment fees. Credit card companies issued 1.1 million new cards to borrowers with poor credit in December, an increase of 12.3 percent from the same month last year. [Huffington Post]

CloudOne’s Nicole DelMastro Selected as Indy’s Best and Brightest Finalist

Winners to be Announced at Awards Program on October 15th

(PRWeb September 30, 2015)

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The Misty Everette Agency Announces Joint Charity Effort with the Future For ...

The Misty Everette Agency, a full service insurance company serving the greater Scottsdale area, is announcing a charity effort to support Future for KIDS, a Scottsdale-based non-profit organization that provides scholastic and athletic programs f...

The Elfenworks Foundation Honors HandUp, Moneythink, and Peace First with $75...

Social entrepreneurs are honored for creative and technology solutions that amplify peace building, financial literacy, and helping the homeless

(PRWeb September 30, 2015)

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