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Monday Laundry: Rate advisors, Chase getting heat, Cobra foul-up


My weekly list of things I meant to say, follow-ups, requests, all the personal finance news that need to be cleaned up and aired out.54497%2C1216250385%2C1.jpg

Has anybody used the new crop of websites that claim to rate and review financial advisors?

The ones I know of are www.evaluatemyadvisor.com and fabeetle.com (in development). Are there others?

I've already looked at -- and don't plan to look at again -- a self-promotional site called FinanicalPlanningCertificationCenter.com. Supposedly it was designed to clear up confusion over the credentials that financial advisors typically use. But it really just promotes one designation, Chartered Financial Consultant, over another one, the Certified Financial Planner designation.

I'm hearing from readers that....
There's a foul-up in the system for allowing the unemployed to pay only part of their health insurance premiums through the Cobra provisions. One reader says he's been paying, but the company the state of Florida contracted with to funnel federal subsidies to the health insurers is running four months behind. Result: He was told his health insurance with Blue Cross Blue Shield of Florida wasn't in force

Consumer groups chastise Chase

(Heard about this one from readers, too)
Consumers Union, the National Consumer Law Center and U.S. Public Interest Research Group have called on Chase to stop hiking the minimum payments for their credit card customers who have fixed-interest rate cards. The hike was to 5 percent of the balance, up from 2 percent. The only way Chase was allowing customers to keep paying a 2 percent minimum was if they signed up for much higher interest rate after a low-rate promotional period.

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About the author
You've got the job of managing your money. No one in school taught you how. But you and I, we can teach each other, how to handle it, how to save for retirement, how to make money last, how to educate the kids, how to make a budget work. The conversations I have with my readers are fun. Money's important, but discussing it does not have to be boring.

Harriet Johnson Brackey Harriet Johnson Brackey, the personal finance columnist for the Sun Sentinel, is an award-winning business reporter. Her columns for 2008 were named "The Best in the Business," a national award chosen by her colleagues at the Society of American Business Editors and Writers.

Brackey has worked at Business Week magazine and at USA TODAY, where she was a founder and part of the original staff of the Money section at the country's first national newspaper. After nearly 11 years there - spent covering the 1980s bull market, the insider trading scandals, the 1987 crash - Brackey left Washington, D.C., and came to The Miami Herald. She spent the next decade writing a column about personal finance that chronicled the stock market's Internet boom and bust, as well as the popular Money Makeover features.

Brackey also has done commentaries for Marketplace Money, which airs on National Public Radio and The Nightly Business Report which is broadcast on more than 250 PBS television stations nationwide. She also has been a radio guest on WLRN’s Miami Herald News.
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