South Florida Sun-Sentinel


previous Previous entry: New video, investment fraud
previous Next entry: Financial illiteracy is all too common

Back to main page

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.

POSTED IN: Your Money (119)

Discuss this entry

Post a comment

To help keep spam off our site, please enter the letter "f" in the field below:

About This Blog

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... < More >

Harriet Johnson Brackey Harriet Johnson Brackey, the personal finance writer for the Sun-Sentinel, has been an award-winning business...< More >

Powered by Movable Type 3.36
Hosted by LivingDot

Add It's Your Money: Personal finance | Sun-Sentinel Blogs to Technorati Favorites