Search

The article discusses how cash has become a preferred Christmas gift for many individuals, especially college students and graduates facing loan repayments. Information is provided on U.S. taxation laws regarding cash gifts as well as how financial assistance can be given in the form of retirement money, appreciated stock, or helping with consumer debt.

Starting later this month, if you're denied for a loan or don't qualify for the best interest rate, the lender must send you a free copy of the credit score it used to arrive at its decision. The new rule, which will go into effect on July 21 as part of the broader financial regulatory overhaul, will apply to credit cards, auto loans and student loans. In other words, it will apply to any type of credit-related decision that uses information in your credit report. (Lenders must continue to provide free credit scores to all mortgage applicants, even if you get the best loan terms available.) [ABSTRACT FROM PUBLISHER]