You probably realize that you need to save money. What you may fail to realize is the importance of thinking about how you will do it. Like most people, your first instinct may be to deposit your money into a savings account. Doing so is easy, convenient and familiar. But is it smart? Some people [...]
Entries Tagged as 'interest'
A Warning About Savings Accounts
April 5th, 2011 · No Comments · Banking
Tags: banks·emergency cash·financial advisors·financial institutions·inflation·interest·savings accounts
Capital One Sued by West Virginia Attorney General
January 26th, 2010 · 20 Comments · Debt Collection, I'm suing those guys!, Legal Stuff
Boy, we sure love Capital One here at creditinfocenter.com. Like a politician who is constantly having affairs or accepting big bribes, they provide us with lots to write about. The latest? The West Virginia Attorney General, Darrell McGraw, is suing them for deceptive practices in both lending and collection practices. According to the press release [...]
Tags: Capital One·charge offs·Consumer Attorneys·Darrell McGraw·Debt Collection·deceptive practices·interest·late fees·re-aging·West Virginia
Half of Repeat Payday Loans Opened Immediately or After 24 Hour Wait
July 15th, 2009 · No Comments · 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
