With savings accounts paying an average of under 1% interest, and the volatility of the stock market, there aren’t many good places left to put your money. Good news, there’s a new banking program out there which may be a good option.
When I first read about high interest checking accounts, I thought [...]
Entries Tagged as 'Fees'
High Interest Rate Checking – Myth or Reality?
November 11th, 2009 · 1 Comment · Banking
Tags: ACH transfers·ATM·Checking Account·debit charges·direct deposit·Fees·high interest rate checking·minimum balance·Savings account
PrePaid Debit Card Costs vs. Overdraft Fees – Which is Worse?
October 8th, 2009 · No Comments · Banking, Credit Cards
Charges for calls to customer support, reloading fees, fees for purchases, fees to withdraw money from ATM – did you know the if you have a pre-paid debt card you have to pay for every transaction associated with the card? The New York Times recently did an article examining these surprising fees in depth.
We’ve [...]
Tags: banking system·Checking Account·Chexsystems·Consumerist·cost alternative·critics·Fees·Hidden Fees·New York TImes·overdraft fees·prepaid cards·US Banks
Half of Repeat Payday Loans Opened Immediately or After 24 Hour Wait
July 15th, 2009 · No Comments · Consumer Debt, PayDay Loans
Another blog post to further along our campaign against the payday loan industry!! According to the Center for Responsible Lending, payday lenders create their own demand with loan terms that generate rapid re-borrowing.
This is termed “payday churning”, or repeat borrowing of what payday lenders market as a short-term loan of a few hundred dollars. [...]
Tags: borrower·Center for Responsible Lending·Credit Cards·Fees·interest·paychecks·payday loan industry·PayDay Loans·Video
Things to Consider When Doing a Balance Transfer
May 13th, 2009 · No Comments · Banking, Credit Cards
More people are finding themselves neck-deep in credit card debt simply because they overused their credit privileges. If you are facing the same problem, one way of lightening your credit load is to go for a balance transfer in favor of a credit card company with lower interest rates than your current cards. In fact, [...]
Tags: Bad Deal·balance transfer·Credit Cards·debt·Fees·Good Deal·Grace Period·interest·Interest Rates·Minimum Charges
