In a newly uncovered credit card con, scammers were making millions off of tiny chargers to unsuspecting victims of identity theft.
Entries from June 30th, 2010
Credit Card Scammers Make Millions Off Tiny Charges
June 30th, 2010 · No Comments · Banking, Consumer Info, Credit Cards
Tags: credit card scam·Credit Cards·Debit Cards·FTC·Identity Theft
Mortgage Lending Changes Under New Financial Reform Law
June 29th, 2010 · No Comments · Banking, Mortgages
Although the financial reform bill is not yet law, both a House and Senate support versions which are similar and President Obama is expected to sign the final version in the next two weeks. What’s the biggest cause of the current financial crisis? Greed in mortgage lending. Greed-fueled mortgages took down the economy in the [...]
Tags: appraisal·excessive fees·financial crisis·financial reform·mortgage lending·Mortgages·no-doc loans·risk retention·yield spread premiums
Payday Loans Out, Small-Dollar Bank Loans In?
June 28th, 2010 · No Comments · Banking, Budgeting, Consumer Info
As high-interest payday lending is phased out across the country, FDIC-approved small-dollar bank loans could be on the way in.
Tags: arizona·FDIC·PayDay Loans·pilot program·small-dollar loans
What is a Reasonable Settlement Offer on a Repossession?
June 28th, 2010 · 2 Comments · Auto Loans, Debt Settlement
Q. What is a reasonable offer when trying to settle a $7000.00 debt? My husband and I owe on a voluntary repossession from almost 5 years ago (shame on us I know) and we want to negotiate with them so that we can buy a house. We aren’t sure what cash offer we should offer [...]
Tags: auto repossession·charged off as bad debt·credit report·debt settled for less than owed·Debt Settlement·Junk Debt Buyers·statutue of limitations
