Category "Your Money"
Back before 1988, there were no ATM charges. Afterwards, a Nevada bank started charging a bank fee for withdrawals made on a bank other than its own. It didn’t take long for the rest of the banking community to recognize the profitability of following the lead of the Nevada bank, and soon thereafter, many bank
READ MORE »With more than one trillion dollars in current student loans, and climbing, there are literally thousands of students who are under water on their payments. You don't have to be one of them. Our federal student loan consolidation program can fix that. After enrollment, the Company pulls information on all your loans, then negotiates with
READ MORE »During National Consumer Protection Week, the Consumer Finance Protection Bureau (CFPB) announced they are putting their attention on Financial Elder Abuse. This is a national epidemic, and our seniors are being exploited in a variety of ways. For instance, In Georgia recently, there was a husband and wife who were indicted for allegedly defrauding an
READ MORE »Did you know that students loans in our country are now more than one trillion dollars? That is more than the total credit card debt and car loans combined! Unbelievable! The Consumer Finance Protection Bureau (CPFB) recently published some tools they have developed to help students and their parents make smart choices. The place to
READ MORE »All too often in these economic times, consumers are getting hit with lawsuits from creditors. Faced with mounting defaults on credit card payments, car loan payments and mortgage payments, creditors (defined as anyone who lends credit or money) are often taking the path of lawsuit rather than working out a payment arrangement. After all, from
READ MORE »What most people don’t really realize is the “cost” of having a mediocre or poor credit score. They go on their merry way paying whatever the lenders say they must when they purchase, whether it be with credit cards, auto loans or home loans. Consumers bemoan the high cost of things, not realizing that they
READ MORE »There are at least two versions of the word "underbanked": 1) Those who have had a checking account closed by the bank. This usually occurs when too many checks bounce, or the account is overdrawn too many times. Banks have regulations they must follow, so if you hit their magical threashhold, they can cancel your
READ MORE »As a responsible parent, it is important to teach your kids about the wonders and pitfalls of money management. But if you are in financial trouble yourself, how do you teach your kids anything that will have meaning for them? Remember, just because you are having temporary financial troubles, does not mean that you don’t
READ MORE »It was announced recently that a new credit report would be available to the public and lenders. In a partnership between Fair Isaac Corporation (FICO) and CoreLogic (CREDCO), the new report is called the "FICO® Mortgage Score Powered by CoreLogic®". The purpose of the new report is to give lenders an advantage by providing non-traditional
READ MORE »Credit Repair and Bankruptcy Many people ask us "will bankruptcy completely screw up our credit report"? The answer is, of course, complicated. The short answer is "yes", and the longer answer is "it will get better". Having a personal bankruptcy on your credit report will affect your score as much as 200 points, and
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