Interest Rates on Credit Cards are Steadily Rising
Interest rates are up across the board
Although many interest rates were recently cut, credit cards lenders are set to increase theirs. Mortgages and savings rates have fallen dramatically due to government intervention; however, credit card rates have moved up. Even cards listed as “low-rate” are averaging 11.62%, balance-transfer cards [...]
Congress Calls for Financial Overhaul to Help Debt Relief
Regulating the Banking System
Due to the recession, people are looking for debt relief more than ever. Credit lenders are no longer as readily available as they once were. Mortgages are difficult to handle. The unemployment rate continues to rise. Because of these problems, the Obama administration is calling for a [...]
Citigroup Program Helps Unemployed Homeowners
Bank temporarily reduces payments
Citigroup Inc. has stepped up to the plate when it comes to helping out people who are joining an ever-larger category: the unemployed.
The bank has started the Homeowner Unemployment Assist program, which allows unemployed mortgage holders who are late on their personal loans to make payments of [...]
CEO to Resign from Mortgage Giant Freddie Mac
Successor to be named by March 13
Only six months after being appointed CEO of Freddie Mac, David Moffett says he will step down from his position.
Moffett was placed in the chief executive position in September, after the government took over the flailing mortgage finance company. Moffett says he will resign [...]
Citigroup Reveals TARP Fund Use | by Online Payday Loan Store
Bank comes forward after criticism
Your online payday loan store keeps you up to date on financial news.
Several weeks ago, a congressional watchdog panel came down hard on the Treasury for its use of the first $350 billion in bailout money. The panel accused the Treasury of not keeping track of [...]
Treasury Blasted for Use of TARP Funds | by Payday Loans Source
While some Americans were taking out small payday loans just to buy groceries, the U.S. government approved a plan to give the Treasury $700 billion to resolve the housing crisis. Now a congressional watchdog panel is saying the Treasury has done nothing to ensure the money was used to stabilize [...]
Payday Loans Scam-Free in 2008, Unlike Other Quick Cash Sources
Amid the many scams that hit consumers in 2008, it’s nice to know that getting quick cash through payday loans from Personal Money Store is straightforward. People who take out payday loans know exactly what they are getting and how much it will cost.
Not the same can be said for [...]
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