Written by admin on July 23rd, 2010
Banks Considering Offering Payday Loans
In a somewhat surprising move, banks are considering expanding their loan offerings to include payday loans. It is surprising because companies offering this type of loan have been under scrutiny and a lot of criticism for charging exorbitant interest rates for payday and Refund Anticipation Loans (RALs).
Continue Reading...Written by admin on July 14th, 2010
House Bargains Getting Harder to Find
Consumers hoping to find affordable housing due to falling home prices had better hurry or plan on being patient. House bargains are getting harder to find for several reasons.
Continue Reading...Written by admin on April 29th, 2010
Scammers Follow the News to Find the Next Scam
When the Haiti earthquake hit, it did not take long for the scammers to get to work. Unfortunately, scammers watch the news and get their newest ideas for scams from headlining reports. In the case of Haiti, thieves were trying to steal cash donations or attempting to get personal information from consumers that could be [...]
Continue Reading...Written by admin on April 24th, 2010
The Consumer and the Hospital Bill
The Arizona Daily Star first did a story on Mark Bonacorso last July. He had an emergency appendectomy and the medical expenses totaled almost $29,000. Mr. Bonacorso had no health insurance at the time and he had hoped the hospital would forgive much of the debt since the surgery was for emergency purposes.
That was not [...]
Written by admin on March 22nd, 2010
Mortgage Companies Helping Families Walk From Mortgage Debt
The foreclosure process can easily turn into an emotional drawn out procedure. Consumers who become delinquent on their home loans are faced with months of late notices, warnings, demands for payments, and eventually eviction. In the meantime the bank is paying staff to work the accounts while not receiving any payments.
Continue Reading...Written by admin on February 24th, 2010
Consumer Loan Defaults Seem to be Slowing
Consumer loan defaults seem to be slowing down according to the banks. Since the start of the recession there has been a mountain of defaults in both the mortgage and credit card industries. Millions of households are experiencing unemployment or reduced earnings after pay cuts and/or reduced hours. Just last week the U.S. government [...]
Continue Reading...Written by admin on February 15th, 2010
Students are Lured to Colleges by No Fee Applications
One of the debts that must be managed in many households is college tuition. The cost of attending college continues to rise every year which means the choice of college can have far reaching effects on finances. Choosing a college is not a decision that should be made lightly.
Continue Reading...Written by admin on February 5th, 2010
New York Attorney General Investigates Online Deceptive Practices
The news has been full of reports of companies with online presences that are deceptively signing people on to fee-based membership programs. Now Attorney General Andrew Cuomo has decided to legally investigate a set of companies consumers say have duped them into membership programs they either didn’t know they were signing up for or didn’t [...]
Continue Reading...Written by admin on January 26th, 2010
Planning for College Tuition in Tough Economic Times
Just because there is a recession going on does not mean college should be postponed. But it can be challenging to save for college tuition when economic conditions are so uncertain.
Continue Reading...Written by admin on January 4th, 2010
Consumer Scams Come in All Shapes and Forms
It seem that everywhere you look there is a scam going on. Consumers have to be constantly on the alert in order to avoid becoming a victim. Most of the scams are designed to steal money or assets of some kind. What is becoming apparent is that criminals will go to great lengths to [...]
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