Revival Of Layaway Helps Consumers Avoid Debt
Older shoppers remember layaway plans when they were regularly used by consumers. Then credit cards came into existence and stores and consumers both embraced them. A sale could be completed and the buyer able to walk out of the store with the merchandise in hand. Layaway opportunities became less available as credit card usage [...]
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US Treasury Department Pushes Banks To Help Homeowners
The US Treasury Department just might look like a knight on a white horse to some homeowners facing foreclosure and unable to get cooperation from their mortgage company.
Tags: US Treasury Department, Subprime mortgage crisis, Mortgage, Banking, Mortgage modification, personal finance
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Stores Trying To Lure Shoppers Right Before Christmas
One of the unusual aspects of Christmas shoppers is that they can often stay on budget and resist overspending all the way up to the last few days before Christmas. Then stores start putting on special sales with the sole purpose of luring shoppers into one last spending spree. Consumers can easily find themselves with [...]
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Rising Interest Rates Encourage Debt Consolidation
With all the changes going on in the credit industry right now, it might be confusing what the best course of action is for those who have credit card debt. If you have many credit cards, you’ve probably already noticed that the interest rates on your balances are being bumped up by credit card companies [...]
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Tight Lending Market Hurts Consumers
It is easy to forget that there are millions of people who did not lose their jobs and are living through the recession without having to make significant financial changes. Many of these consumers have good credit or credit that would not prevent them from borrowing responsibly. The problem is they can’t find money [...]
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Beware Of Mortgage Relief Scams
It seems mortgage problems have been in the news nonstop recently but now consumers have yet another issue of concern. Mortgage scams are on the rise as people desperate to hold on to their homes become victims of unscrupulous scams. Sadly the end result is that homeowners often lose their homes even more quickly.
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FICO Releases Damage Points Data For Credit Scores
There has arguably never been a more important time to understand how credit works, and when trying to accomplish this goal, it’s always important to consider the enigmatic “credit score.” While plenty of different companies out there produce a credit score, FICO’s algorithm for producing a score has become the standard for most lenders in [...]
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Do You Know How To Identify Predatory Lending?
Predatory lending is a term used all the time, but do you know how to identify when it exists? There are many consumers who are lured into loan agreements without realizing they are victims of predatory lending practices. Predatory lending is considered to be unethical and even abusive, yet it continues. Like identify theft, the [...]
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