25-facts-about-retail returns-in-the-US

Bringing it back: 25 Facts about retail returns (including abuse and fraud!) in the U.S.

Americans returned 8% of their purchases last year – including return fraud and abuse, costing retailers and merchants $15.9 billion annually.

1. Estimates of the total U.S. retail industry sales in 2015 are right around $3.256 trillion.

2. An astounding 8% of all retail merchandise was returned, which amounts to $260.5 billion in returns!

3. Abuse and fraud (abuse has a pretty wide definition) constitutes 6.1% of all returns, costing retailers $15.9 billion.

4. U.S. retailers lose around $9.6 billion annually on return abuse, and $14.8 ...

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when-your-credit-balances-are-reported-to-bureaus

​Can you determine when your credit balances are reported to the credit bureaus?

Your credit card bill, mortgage, or auto loan statement may have a Due Date prominently displayed, but when do those lenders actually report your balance – or if your payment is late – to the credit bureaus?

Knowing when each of your credit accounts reports can serve as a valuable aid in managing your credit score and finances. For instance, if you purposely pay down a credit card balance by this date – not just the due date – your credit ...

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US-facing-auto-loan-subprime-bubble-pt-1

25 Facts why we’re facing an auto loan subprime bubble

Are we facing an auto loan subprime bubble?

In part one of this blog, we discussed why America may be facing the biggest subprime bubble since the mortgage meltdown in 2008, but this time the shaky loans in question are to finance automobiles, not houses.

Will this lead to mass defaults and greater economic problems like what happened with the mortgage market? We outlined 15 facts about our auto loans and the possibility of another subprime bubble.

Here are the next 10 ...

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where-your-score-starts-affects-how-much-a-negative-item-will-hurt

Are all credit score drops treated equally? Where your score starts affects how much a negative item will hurt it.

Missing a payment, maxing out a credit card, or having an unpaid account submitted to collections are all things that could hurt your credit score. Likewise, too many inquiries of the wrong type, a bankruptcy, and applying for a store credit card may also drop your score. But most people don’t realize that how much your score drops – just a few points, or sinking to new lows – depends on what your credit score was BEFORE the damage occurred.

It’s ...

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US-facing-auto-loan-subprime-bubble-pt-1

Is America facing a subprime bubble with our auto loans?

Are we facing an auto loan subprime bubble?

America may be facing the biggest subprime bubble since the mortgage meltdown in 2008, but this time the shaky loans in question are to finance automobiles, not houses. The trends are hard to ignore:

Americans are buying more new and big cars, and financing them at record rates.

While some of that can be attributed to an improved economy, there are reasons for concern. Instead of putting money in savings or paying down ...

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ways-you-may-be-eligible-for-unclaimed-money

10 More ways you may be eligible for unclaimed money – and where to start looking.

Does someone owe you money but you don’t even know about it? In part one of this blog, we talked about the enormous sums that go unclaimed by consumers every year.

According to the National Association of Unclaimed Property Administrators (NAUPA) there are $32.9 billion in assets sitting unclaimed in state treasuries and other agencies right now. That number is just a slice of the total pie, as the state of New York holds $13 billion in ...

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young-people-are-struggling-mightily-with-credit-scores

Young Money; Why young people are struggling mightily with credit scores.

Do you remember when you first went to college or finished high school and entered the working world and got your first credit card? While you may have felt like an empowered, responsible adult and used it to charge some really important purchases, like CDs, new clothes at the mall, and a lot of late night pizza, chances are that you made a few mistakes with that card along the way, dinging your credit substantially.

Some things change, but some ...

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billions-of-dollars-go-unclaimed-each-year

Billions of dollars go unclaimed in the U.S. every year – and some of it may belong to you.

There’s money for you “out there,” just waiting for you to come and claim it. So why aren’t you? Probably, if you’re like most Americans, because you don’t know where to find it or that it even exists. It’s true – there are piles of money owed to ordinary citizens every year but go unclaimed. You’ll be amazed when you hear how much it is – and that your name might be on some of it!

How much money is left ...

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The Top-10 Blue Water Credit Blog Posts of 2015

As 2015 comes to a close and we look ahead to 2016 with fresh hope, optimism, and lofty goals, eager to face the challenges it will hold. But before we turn off the lights on 2015, we wanted to recap the best blog posts of the year. Here are the top Blue Water Credit bog posts of 2015 as chosen by you. Thanks again for clicking, reading, sharing, and being a part of the Blue Water Credit family. We look ...

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