Monthly Archives: June 2011
Report claims payday loan cases clog Utah courts
A recent study claims that payday loan cases are clogging up Utah courts. But payday lenders say that the report is biased and misleading.
Tuesday, June 21st, 2011 by By Ron Ford
Cost of vacations rising as theme park and flight costs are up
Americans are likely to feel the rising cost of vacations this summer, as plane tickets and amusement parks are getting more expensive.
Monday, June 20th, 2011 by By Peter Stone
TV pitchman Don Lapre indicted for fraud on 41 charges
TV pitchman Don Lapre has been indicted for multiple fraud charges stemming from his "Greatest Vitamin in the Word" infomercial scheme.
Monday, June 20th, 2011 by By Ron Ford
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.
Reduced Social Security benefits begrudgingly accepted by AARP
The AARP, the largest lobby group for senior citizens, recently announced it would accept small reductions to Social Security benefits.
Friday, June 17th, 2011 by By Peter Stone
Big Lots recalls bed after death of young boy
Discount retailer Big Lots has recalled a futon bunk bed sold between 2009 and 2010 following the death of a three-year-old boy in Iowa.
Friday, June 17th, 2011 by By Ron Ford
Greek financial disaster resounds in Europe, US
Tensions in Greece continue to boil as austerity measures have met heavy civilian resistance. What does this mean for Europe and the U.S.?
Friday, June 17th, 2011 by By Steve Tarlow
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.
Advantages of banking with a credit union
Discover some of the more important reasons why credit unions are a more attractive banking option than large commercial banks.
Thursday, June 16th, 2011 by By Steve Tarlow
Installment loan lenders thrive where payday lenders used to
Many states have tried to eliminate payday loan lenders, but it hasn’t eliminated the need for credit from non-bank sources. Some states have new installment loans stores where payday loan stores once existed as other forms of short term credit fill the void.
Virginians frequenting pawn shops and title lenders more
Many states have passed laws intended to closely regulate, if not outright eliminate, payday loan lending. However, such laws don’t eliminate the need or demand for a short term credit product. The state of Virginia passed laws several years ago capping the interest rate on payday loans, which has reduced use [...]
Thursday, June 16th, 2011 by By Peter Stone
JPMorgan Chase pays $27 million in Treasury probe
JP Morgan Chase bank has agreed to pay a $2 million to the OCC for alleged false statements and high pressure sales tactics in auto loans.
Thursday, June 16th, 2011 by By Ron Ford
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.
Merchants moving away from debit and credit cards
Merchants are starting to move away from credit and debit cards, as interchange fees charged by banks are making them unpopular.
Wednesday, June 15th, 2011 by By Peter Stone
Scammers target payday loan customers
Payday loan collection scams involve harassing phone calls threatening arrest and jail if victims do not pay debts -- which they do not owe.
Wednesday, June 15th, 2011 by By Ron Ford
Signs in place that consumer inflation is here to stay
U.S. manufacturing continues to slide down the chute to the slaughterhouse like a greased pig, and consumer inflation responds accordingly.
Wednesday, June 15th, 2011 by By Steve Tarlow
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.
US CEOs bullish on sales, hiring increases
U.S. CEOs surveyed by Business Roundtable were optimistic that sales in the next six months will facilitate increased hiring.
Tuesday, June 14th, 2011 by By Steve Tarlow
Tighter regulation urged by Congress for business credit cards
Members of Congress are lobbying the Federal Reserve to regulate business credit cards more like personal credit cards.
Tuesday, June 14th, 2011 by By Peter Stone
American express to issue a new prepaid debit card
American Express is unveiling a prepaid debit card on June 21. It requires no bank and is seen as a new trend in the credit card industry.
Tuesday, June 14th, 2011 by By Ron Ford
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.
Little things that can mar a credit report
Watch out for the little things that can gang up on your credit report and bring down your FICO score.
Tuesday, June 14th, 2011 by By Steve Tarlow
Tips for better gas mileage
Gone are the days when fuel cost was a minor consideration. Here are some things to consider which may save you some green at the gas pumps.
Monday, June 13th, 2011 by By Ron Ford
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