Category Archives: Uncategorized

Recently, a Bank of America customer opened her credit card statement only to find that her APR had increased from 12.99% to 29.99%. The customer was so upset that she turned to the Internet and posted a 5 minute video attacking Bank of America and the entire credit card industry. In the scathing video, the […]

Financial magazines, reports and blogs are abuzz with the resurgence of gold loans possibly replacing personal loans. Gold loans are similar to secure loans in all but three ways: • Gold translates into money very easily. • Gold does not depreciate; in fact it appreciates every year. • Gold is accepted around the world without […]

On Thursday, May 13, 2010 Richard (RJ) Eskow, a blogger for the Huffington Post, responded to critics after RJ blasted payday and personal loans. Essentially, RJ called the system “evil”, and even admitted such in his defense, and he objects to being called a “Doofus Major du Jour” and a “pig.” Still, you have to […]

Are consumers heading toward more debt consolidation loans? A new report from Credit Karma suggests they might be. The report, released in early May, paints a picture of the average U.S. consumer saddled with loads of debt. According to the report, the average U.S. consumer is stuck with large amounts of credit card, home mortgage, […]

Paying for college is costlier than ever, and now a growing number of students may be unable to take advantage of debt consolidation services. That’s because private lenders who have originated student loans rarely offer to consolidate student debt. This can make life difficult for college students, who, according to CollegeBoard.com, graduate with an average […]

If there’s been a silver lining to the Great Recession and its oh-so-slow recovery it’s this: A smaller number of consumers may be heading toward debt consolidation. That’s because the recession might have taught consumers how important it is to save money and pay off debt. The recession also led to the federal government’s Credit […]

As reported by the US Bureau of Labor Statistics recently, unemployment remains at a record high of over 10% for the first quarter of 2010; simultaneously, the number of personal loans continued a steady decline. The decline in personal loans comes at a time when other loan products, including auto loans, home loans, and cash […]

Identity theft can happen to the best of us; even the chairman of the powerful Federal Reserve Board, had his identity stolen in 2008. While credit card theft and the subsequent fraud linked to it is the basic type of identity theft, there are even more sinister forms of information theft leading to identity fraud. […]

Blame it on the economy, falling home values and high credit card debt, but one thing is certain: U.S. residents are relying more than ever on debt consolidation loans. These loans, in which consumers work with private companies to turn several debts into one affordable loan payment each month, become more popular as consumers run […]

The cost of a college education has increased at a faster pace than the cost of most other goods and services over the past several years. Parents with young children today who plan to fund a four year education during the next twenty years or so can expect to pay in the six-figure range for […]