Personal Loans
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Credit Karma offers an emerging new model for free credit scores

Credit Karma is one of many websites that have emerged offering free credit scores. Learning your credit score is easier now, thanks to the financial reform bill signed into law this month. Financial reform legislation, otherwise known as the Dodd-Frank Wall Street Reform and Consumer Protection Act, requires lenders to show you the credit reports
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Do not fall for auto loan modification scams asking upfront fees

Ads for auto loan modification scams are all over the Internet. Auto loan modification companies promise to negotiate with lenders to get customers lower car payments — for a hefty upfront fee. But consumer advocates and government regulators say most auto loan modifiers promising lower car payments will take your money and provide little or

Know your credit score, and take steps to raise the number

To improve your credit score, nothing works better than paying off your credit cards and taking them out of your wallet. Knowing your credit score is the most basic fundamental of credit repair. But it’s even more important to know what affects  your credit score. And even more important than that is knowing what you
A payday loan store

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
Bridge

Bridge Loan basics: Financing short-term obligations

Though the term comes up most often during real-estate transactions, bridge loans are becoming more popular for many reasons. Bridge loans are relatively simple to understand. Like most financial products, however, the details are what can make a bridge loan work out — or not. Bridge loan basics A bridge loan began as a form
goldman sachs insider trading

SEC charges ex-Goldman director Rajat Gupta with insider trading

The level of notoriety that Goldman Sachs either enjoys or endures increased Tuesday. The Securities and Exchange Commission filed insider trading charges against Rajat K. Gupta, one of its former board members. Goldman Sachs was also forced to admit that it could lose billions from lawsuits by investors who were bilked by the bank during
Aerial photo of the Chicago skyline, taken during daytime hours.

Acción promotes success for Chicago microentrepreneurs

When individuals in the Chicago area need fast cash to cover for an accidental budget shortfall, they can apply for Chicago installment loans and Chicago short term loans. However, if a small business needs money to get off the ground or perform the renovations needed to expand, consumer short term loans and installment loans aren’t

Citibank exposes 600,000 customers to potential identity theft

Do you remember the series of commercials Citibank produced about identity theft? You will probably find them somewhat less than entertaining if you are one of the 600,000 Citibank customers whose Social Security number was printed on the outside of the postal envelope containing your year-end tax statement. “Identity theft? What’s that?” exclaims an incredulous
Pencil

Getting a loan in the UK could require taking a test

In the United Kingdom, new rules are being considered that would make loans for anyone that may need extra cash a little more difficult. After the Learning and Skills Council discovered that 9 out of 10 customers couldn’t calculate basic financial numbers, ministers took note. Now, new regulations may require customers that need loans to
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Consumer credit increased by $1.3 billion in November

Bloomberg reports that consumer credit rose for the second straight month in November, a sign that consumer confidence may be on the rise. The $1.3 billion November increase in consumer lending, paced by government-held student loans, followed a $7 billion increase in October. Consumer credit increased in auto, education fields Non-revolving loans such as auto
Unemployment money

Federal government might defer interest on unemployment loans

Though it still needs to go several rounds through Congress, the president has submitted his budget. One line-item has many states taking a second look at their budgets. States that took out federal loans to pay for unemployment may be able to defer interest for another few years. Unemployment insurance loans In order to pay
Keys

Mortgage modification complicated by scofflaw lenders

The Making Home Affordable Modification Program is a federal government program started in early 2009 as a response to the foreclosure crisis. It is intended to support mortgage modification, mortgage refinancing and other affordable home options for homeowners stuck in mortgages they cannot pay. This program, however, has been running into consistent problems with lenders.
Capital One corporate signage

Capital One sued once again for deceptive interest rate increases

Raising credit card interest rates on customers without telling them has gotten Capital One in trouble, again. A class action lawsuit accusing Capital One of violating the Truth in Lending Act by raising credit card interest rates without warning was dismissed by a federal judge earlier. But the 9th Circuit reinstated the Capital one class
College graduates

Personal loans to attend for-profit schools can be risky

Potential students should be cautious if considering going to a for-profit, private college. Though college is usually worth taking out some personal loans to fund, the for-profit schools have higher default rates and are often at odds with state authorities. Some schools are worth it, but people should do their homework before attending. The Donald
Chase

Federal probe into robosigning reaches initial settlement

A settlement is soon to be announced regarding the robosigning foreclosure controversy. Some of the nation’s largest mortgage lenders rubber-stamped foreclosure documents without looking at them and may have foreclosed on some people who didn’t deserve it. A legal probe into foreclosure practices has reportedly reached a settlement with those lenders. JPMorgan exec discloses deal
Mortgage

Sharia-compliant mortgage program in Minnesota ends

In Minnesota, Gov. Tim Pawlenty has ended a loan program intended to increase minority home ownership. The loan program only provided three mortgages between being set up by the Minnesota state housing agency and getting shut down by the governor. Pawlenty shut down the program upon discovering that it offered Sharia-law-compliant mortgages. Minority mortgages in
an illustration of a hand stuffing money in a mortarboard

Student loan debt exceeds credit card debt as college costs rise

Americans now owe more for their student loans than their credit card debt. While people are paying down their credit card balances in the aftermath of the financial crisis, college costs continue to rise. Some analysts say less consumer protection for student loans than other types of borrowing is a reason for the trend. Others