21 Oct 14

How to Rebuild Your Credit After Bankruptcy — Fast

Its about as popular as a root canal or a blown tire on the freeway. Yet like both of those dreaded occurrences, filing for bankruptcy is commonplace in modern America. In 2013 1,107,699 individuals and businesses in the US had to file for bankruptcy according to government data. While its pretty safe to say that not many of the folks who filed for Chapter 7 or Chapter 13 bankruptcy were eager to do it, its » read more.


Link Category: Secured Credit Cards



21 Oct 14

Build Your Credit Score

Getting your first credit card can be a challenge. Few banks will offer a credit card to someone without a credit history, so how do you build that history?  You’re not facing this problem alone.  About 50 million Americans don’t have a credit history. That can make it difficult to buy a car or a house or make any other major purchase you might be considering. You may even find it difficult to rent a » read more.


Link Category: Secured Credit Cards



20 Oct 14

Does it make sense to tap into home’s value?

You may be tempted to consolidate your credit card and other high-interest debt into a mortgage with much lower payments. The offers are widespread. But is this a wise financial decision? WHATS CHANGED? Todays debt consolidation mortgages are more conservative than those seen during the housing boom, when lenders allowed homeowners to refinance and cash out as much as 110 percent of the value of their homes. Lenders now require the homeowner to keep at » read more.


Link Category: Debt Consolidation



20 Oct 14

Innovative Advertisers Look Beyond Installs, Focuses on Conversions Using App …

BANGALORE, October 7, 2014 /PRNewswire/ – Throughout the last year, advertisers in mobile-led countries like China and India have made heavy investments in building and marketing apps. Now, marketers are gradually starting to look beyond installs by engaging users to improve the return on investment from their apps effectively. (Logo: http://photos.prnewswire.com/prnh/20140612/10100042-a ) Yintai.com, a leading online boutique operating in China, has an unremitting volume of app downloads. Yintai was quick to realise the need to » read more.


Link Category: Automobile Financial Services



20 Oct 14

Debt Consolidation Loans Aren’t For Everyone

Countless Americans are drowning in debt. According to the Federal Reserve as of July, outstanding consumer debt stood at $3.24 trillion with total outstanding revolving debt coming in at $880.5 billion. For people struggling to pay down their liabilities a debt consolidation loan may seem like a viable option. After all it enables you to make one payment instead of spreading it around each month. But buyer beware when going this route. Not all consolidation » read more.


Link Category: Debt Consolidation



19 Oct 14

Why Debt Consolidation Can Leave You Deeper in Debt

When youre struggling with debt, combining all of your debts into one easy-to-pay loan sounds pretty good. The idea is that youll reduce the overall interest you pay, and be hit with fewer late fees since youll only have one payment to remember. Theres just one problem. Debt consolidation can actually leave you deeper in debt. Consolidating debt often masks the real problem Most likely, the real problem isnt high interest rates or constantly having » read more.


Link Category: Debt Consolidation



19 Oct 14

America’s Student Loan System Has Created Perverse Incentives For Law Schools

WikipediaGraduates of Thomas Jefferson School of Law have extraordinarily high levels of debt. Throughout the summer, Massachusetts Senator Elizabeth Warren has been promoting legislation that would provide relief to students with educational debt. As the Senate concludes its work — and I use that word loosely — before the November elections, she is taking another run at the issue. Most recently, Senator Warren made her case in an article that appeared in the September 9, » read more.


Link Category: Educational Loans



18 Oct 14

Price caps in payday loans market increase need for further reforms to address …

The Competition and Markets Authority (CMA) has proposed a raft of measures it said are needed to address competition issues in the payday loans market (227-page / 2.25MB PDF) that it has provisionally identified. Issues adversely affecting competition in the market include the limited extent to which consumers demand drives price wars in the payday loan market, the challenges consumers face in identifying the best-value loan, the way intermediary lead generators help point consumers towards » read more.


Link Category: Payday Loans



18 Oct 14

Raising the pressure on payday lenders

The Consumer Financial Protection Bureau (CFPB) and Federal Trade Commission (FTC) about a week ago shut down two schemes that allegedly stole money from the bank accounts of those in search of payday loans. The FTC also continues to advise consumers to consider other options rather than take a payday loan. Payday lenders, for a fee plus steep interest rates, issue short-term loans that are essentially guaranteed by the borrowers next paycheck. The borrower provides » read more.


Link Category: Payday Loans



17 Oct 14

Dave Ramsey’s first column looks at timeshares, debt consolidation

Dear Dave: Some friends recently offered me a timeshare. It’s an older place on the beach, and they’ve had it for about 20 years. I’d have to pay a transfer fee of $100, plus a yearly association fee of $500. I know you’re not a big fan of timeshares, but does this deal sound OK? – Jill Dear Jill: In essence, you’re looking at $500 a week. I know the $500 is technically an annual » read more.


Link Category: Debt Consolidation




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