Monthly Archives: March 2011

Utah online payday loans lender busted for Ponzi scheme

A Utah man and his two online payday loans companies have been sued by the SEC for defrauding investors of millions with a Ponzi scheme.
Trial

Unpaid labor trend threatens to further undermine job market

Businesses are exploiting desperate people who are willing to work for free to keep their employment prospects alive and gain experience.
work for free

Colorado installment loans bill HB 11-1290 up for debate

Colorado House Bill 11-1290 would require that consumers pay the entire installment loans origination fee, rather than a pro-rated version.
The Colorado State Capitol building.

Payday loan APR Fees and How They Compare To Other Financing Rates

A fee of $32 on a $100 bounced check can have an APR as high as 2,336%. You would be surprised to see how other fees measure up.
A fee of $32 on a $100 bounced check can have an APR as high as 2,336%. You would be surprised to see how other fees measure up.

Rise in national vacancy rate not worth panicking over

Many statistics concerning the real estate market get reported, but the national vacancy rate is not the harbinger of doom some think it is.
Ghost town

Choosing the certificate of deposit that is right for you

A certificate of deposit is a safe way to earn interest on your money. Read here for advice on choosing the right type of CD for you.
Clip Art image of a bank building with a dollar sign superimposed in the top-right corner of the frame.

Analysis: New data on pending home sales and consumer spending

Consumer spending is being canceled out by inflation, and real estate experts believe the housing market has finally bottomed out.
consumer spending

Installment Loans Online and How They Differ From The Average Payday Loan

One of the most liked features of installment loans is being able to pay them back over a much longer period of time then normal loans you may find locally.
One of the most liked features of installment loans is being able to pay them back over a much longer period of time then normal loans you may find locally.

Sharia-compliant mortgage program in Minnesota ends

Despite statements that the Constitution should be used to protect religious individuals, Tim Pawlenty has ended a Sharia-compliant loan program.
Mortgage

Fukushima disaster lays bare the cost of nuclear power

Rising construction costs and the potential cost of a nuclear accident are making clean energy alternatives more attractive to investors.
fukushima disaster

Cost of FHA loans set to increase again

Federal Housing Administration supported loans are about to get more expensive, adding another 0.25 percent interest to all mortgage loans.
For Sale

The Ease and Convenience of Short Term Loans Needs To Be Managed In A Smart Way

It is not wise to go crazy with short term loans just because you can get them online with no credit checks, no collateral and without having to fax in tons of documents.
It is not wise to go crazy with short term loans just because you can get them online with no credit checks, no collateral and without having to fax in tons of documents.

A small business perspective on payment systems

Congress is considering legislation that would put a hold on reducing card interchange fees, but small businesses need the boost of lower fees.
Credit card machine

Mortgage rates rise despite crippled demand for housing

Mortgage interest rates are steadily climbing away from the near record lows that were recently observed, but home sales are staying low.
House

What You Need To Know To Keep From Getting Trapped By Cash Advance Addiction

Cash advances are not a long term financial fix for spending spree addictions. Using them should be done so responsibly and in a realistic manner.
Cash advances are not a long term financial fix for spending spree addictions. Using them should be done so responsibly and in a realistic manner.

Debit card interchange fees force consumers to pay hefty tax

Debit card interchange fees banks charge merchants amount to an “invisible tax” everyone pays, says public policy consultant Richard Eskow.
Close-up on a Visa debit card.

Frivolous tax arguments are amusing, but the IRS penalty is not

When it comes to frivolous tax arguments, the Internal Revenue Service has zero tolerance for clowning around in the name of tax evasion.
irs penalty

Learn how to find the unclaimed money waiting for you

If it worked for "Good Morning America," it can work for you. Here are some ideas for finding unclaimed money that rightfully belongs to you.
A man and a woman caress a pile of money.

No Credit Check Personal Loans From The Comfort Of Home - A Good Thing or a Bad Thing?

Personal loans are so easy to get it worries some consumer groups. Like anything on the internet it pays to be informed before you pursue any online transactions.
Personal loans are so easy to get it worries some consumer groups. Like anything on the internet it pays to be informed before you pursue any online transactions.

Demand shrinking among businesses as durable goods prices rise

Durable goods orders have slipped during the past month, as lower demand and higher prices are taking a toll on the already fragile economy.
Copier

Letting banks boost shareholder dividends risks another bailout

By green-lighting more shareholder dividends, the Fed has allowed banks to increase leverage, and it could lead to bailout territory again.
leverage equity