Monthly Archives: March 2010
New Rules for Overdraft Fees on Debit Cards
New rules for overdraft fees on debit cards may lead to more purchases being declined at the register, but when it comes to consumer protections, it gives consumers the option to avoid paying exorbitant overdraft fees that many banks typically … Continue reading
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Fewer FHA loans are seriously delinquent in February
The rate of serious delinquency among Federal Housing Administration-insured mortgages dropped in February, a sign that the performance of some home loans is improving. According to the federal government, 553,929 loans – or 9.2 percent of the number the FHA … Continue reading
Posted in bad credit, bad credit car loans, car loans
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Fewer FHA loans are seriously delinquent in February
The rate of serious delinquency among Federal Housing Administration-insured mortgages dropped in February, a sign that the performance of some home loans is improving. According to the federal government, 553,929 loans – or 9.2 percent of the number the FHA … Continue reading
Posted in bad credit, bad credit car loans, car loans
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Get Your Red Hot Toxic Assets Right Here!
The hosts and crew at NPR's Planet Money pooled their money and purchased $1000 worth of toxic assets. Not because they were expecting to make a killing, but because they thought it would be a good way to learn more … Continue reading
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Protect Yourself from Bad Credit Loan Scams
A consumer recently posted this story on our forums, detailing her near-miss with a “bad credit loan” offer: I was contacted about being approved for a $65,000 loan which I was receiving from "private lenders" because the banks turned me … Continue reading
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Hacker gets 20 years for credit, debit card theft
One of the ways that a consumer can be the victim of identity theft is through hackers stealing their account information. Albert Gonzalez, 28, was recently sentenced to 20 years in prison for his role in the theft of millions … Continue reading
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LifeLock Settles with Federal Trade Commission and 35 State Attorneys General for $12 million
"Scare tactics," "over-promised benefits," "deceptive advertising," "didn't deliver," "vulnerable to attacks," "false claims…" These are the terms used by the Federal Trade Commission to describe LifeLock's marketing campaigns and its service. And in an article published by IDG News Service, … Continue reading
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Extra Mortgage Payments – The True Cost
Times may be tough economically, but regardless of the strength of the economy or your personal income, before you start making extra payments on your mortgage, here are some things to consider: Other Debt- If you have outstanding debt, such … Continue reading
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Fuel efficient vehicles can help save more money
Rising economic momentum is contributing to more widespread interest among consumers in buying a car. However, people are also likely to stick with the lessons they learned during the great recession by seeking out vehicle bargains that also feature fuel … Continue reading
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Student loan reform stalls healthcare passage
A new vote on healthcare reform will not affect the bill’s controversial mandate for universal coverage. Rather, it reflects friction toward student loan reforms, according to a recent report by the New York Times. Currently, the legislation aims to increase … Continue reading
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