Monthly Archives: June 2011
Debt collectors trying to polish image in media
Debt collectors are starting to get into the media, but this time they're trying to rehabilitate their image in the press.
Monday, June 13th, 2011 by By Peter Stone
Virginia working to reduce use of payday and car title loans
The state of Virginia technically allows payday lending and car title lending, but has both products contained with legislation.
Friday, June 10th, 2011 by By Peter Stone
Fed backs off on quantitative easing
The direction of the U.S. economy appears to be headed away from quantitative easing. Will the Fed allow a long-term solution to take hold?
Friday, June 10th, 2011 by By Steve Tarlow
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.
United States and Switzerland discuss tax evasion settlement
Swiss authorities are negotiating with U.S. to reach a settlement over Swiss bank secrecy practices long being used to shield tax evasion.
Friday, June 10th, 2011 by By Ron Ford
Number of people taking 401(k) loans hitting record high
The number of people that are taking personal loans out from their 401(k) accounts through employers are at a record high.
Thursday, June 9th, 2011 by By Peter Stone
Russian ATMs know if you tell a lie
Russian banking giant Sberbank is testing lie-detecting ATMs that can help prevent consumer credit fraud.
Thursday, June 9th, 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.
President Obama talks about his personal finances
President Obama was asked Wednesday how he handles his personal finances. He says his philosophy involves smart spending and frugal saving.
Thursday, June 9th, 2011 by By Ron Ford
Tips for a more successful yard sale
Spring is here; time to declutter and spend time outside. How about a yard sale? Some planning will make it more profitable and low-stress.
Wednesday, June 8th, 2011 by By Ron Ford
July deadline looming for ruling on debit card fee cap
An extension for the debit card fee cap has failed to pass the U.S. Senate. The Federal Reserve will rule on a cap on fees in July.
Wednesday, June 8th, 2011 by By Peter Stone
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.
Judge rules bank is not responsible for hacked accounts
Maine Judge John Rich ruled that Ocean Bank is not responsible for money lost when a company's online bank account was hacked.
Wednesday, June 8th, 2011 by By Steve Tarlow
Study: Unemployment dragging down student test scores
A new study by the National Bureau of Economic Research has found that unemployment has a correlation to decreased student test scores.
Tuesday, June 7th, 2011 by By Steve Tarlow
Woman age 100 has same bank account since 1913
An Ohio woman has kept the same savings account since 1913, when she was a year and a half old. The bank threw her a 100th birthday party.
Tuesday, June 7th, 2011 by By Ron Ford
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.
Sites offering peer-to-peer personal loans keep growing
Websites, such as Prosper.com and LendingClub.com, that offer peer-to-peer personal loans are starting to expand quite rapidly.
Tuesday, June 7th, 2011 by By Peter Stone
Value of college questioned with high loans and unemployment
As student loan balances and unemployment grow, people are beginning to question the value of college. The numbers say it does have value.
Monday, June 6th, 2011 by By Peter Stone
National debt ceiling debate affects us all
Congress debates as U.S. nears the debt ceiling. If it is not raised and no compromise is reached by August, the effects will be felt by all.
Monday, June 6th, 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.
Goldman Sachs takes aim at Senate report
Goldman Sachs is preparing to fire back at the Senate subcommittee that drew attention to the firm's gross profits from subprime speculation.
Monday, June 6th, 2011 by By Steve Tarlow
FTC sues another get rich quick infomercial company sued
The Federal Trade Commission has slapped a company promising people they can "get rich quick" through real estate, with fraud suit.
Friday, June 3rd, 2011 by By Peter Stone
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