‘Banks Collected More than $30 BILLION in Overdraft Fees in 2020’ A viral tweet and screenshots suggested that banks made out like bandits due to the 2020 struggles of cash-strapped Americans.
‘Only in 1989’ Credit Scores Posts Social media discussions are centered around a claim that FICO scores and credit scores weren't introduced until 1989.
‘Budget Breakdown of a 25-Year-Old Who Makes $100,000 a Year and Is Excellent with Money’ An unrealistic CNBC "budget breakdown" circulated in August 2020 -- but not for the first time.
If Your Child is an Authorized User on Your Credit Card, Do They Automatically Start Out with an 800 Credit Score? A social media user's "add your kid as an authorized user" advice is way riskier than it looks; here's why.
‘Velocity of Money’ Tumblr Post A popular screenshot shared to Facebook by "The Other 98%" purportedly explained a concept known as the "velocity of money."
Did Banks Collect $30 Billion in Overdraft Fees in 2018? In January 2019, the following meme appeared on social media about overdraft fees collected by banks: The meme read: Banks collected over $30 billion in overdraft fees last year. Another way of saying that, banks took $30,000,000,000 from people who had no money. That statement is not exclusive to the image reproduced here; it appeared in […]
