Workers in their 40s and 50s don’t have a lot of time left to secure their financial future, and there are several common mistakes that often threaten their dreams.
You’ve heard of credit reporting agencies but did you know there are companies tracking your banking history and any money mistakes you make? Most banks look at your consumer report before allowing you to open a checking or savings account. If your record is not good, you could end up literally “blacklisted by banks.”
Bank of America is planning major changes to take more of your money per month unless you agree to do more business with the company, according to the Wall Street Journal.