Alright, all you stock market doomsayers. Don’t tell me you aren’t worried. And don’t try to hide. You know who you are.
Get a hold of yourself. This is not the time to panic. At least not according to 30-year Wall Street veteran and “Full of Bull” author Stephen McClellan.
In this Wall Street Journal video, [...]

A couple of weeks ago, the new television season of Fall 2008 got under way. September 22 was the night when most of the major networks made their attempts to win back viewers lost during last year’s senseless writer’s string, rolling out new seasons of returning favorites and first episodes of a few brand new [...]

Forget about payday loans for a moment. Where were you when the largest bank failure in U.S. history went down?

On Thursday, September 25, Washington Mutual voluntarily filed for Chapter 11 bankruptcy protection. The Federal Deposit Insurance Corporation seized the struggling savings and loan’s assets and the company went into receivership. This could have been a [...]

A draft legislation of a $700 billion bailout plan is to be voted on today in Congress. Should this measure be ratified, it will mark the largest such measure on behalf of a private industry in U.S. history.
It is reported that the total funds would be dealt out in segments, now for purposes of saving [...]

A Cincinnati mortgage broker has paid the State of Ohio $30,000 to settle a lawsuit alleging predatory lending practices.
Quoted With Edits From: State, mortgage broker settle suit (Chillicothe Gazette)
In Violation
A lawsuit was filed against Ace Mortgage Funding, LLC for allegedly violating Ohio’s Consumer Sales Practices Act. According to the lawsuit, Ace tried to manipulate the [...]

State legislatures banning payday loans is just another example of too much government control in our lives. If the government wants to control my ability to take out a payday loan, should it also control how much income I’m allowed to make and how much rent or mortgage I should be able to pay?
It seems [...]

Consumers are still patronizing payday loans in spite of the negative stories against the industry. Why? Because of the easy and quick money transfer. This is very useful when the consumer is in urgent need of money. Here’s a site that talks about the pros and cons of payday [...]

Will my credit rating be affected?
Our company does not conduct a credit check during your application process. Therefore, you do not have to worry about any inquiries from us appearing on your credit report.
Applying for a no fax payday loan through us is much more convenient than resorting to conventional bank loans or credit cards [...]

This morning, the Washington Mutual bank website displayed a banner reading, “WaMu Customers: Welcome to JPMorgan Chase.” Thus, we’ve been given further proof of one thing: our economy has officially hit the skids.
Now, you might be thinking, “Why would you begin a blog with such a pessimistic-sounding lead?” How do I know that our economy [...]

Let me begin by saying that payday loans could never bring this kind of trouble…

Read this FRIGHTENING story that could happen to any of us. Apparently, “David” has $28,455 in student loan debt. Plenty of us owe that much on student loans, right?
Here’s where it gets ugly. Equifax, one of the three credit-reporting agencies in [...]