Filed under: Banks, Consumer Ally, Credit Cards, In the News
According to a recent survey conducted by TransUnion, the percentage of credit cardholders who were 90 days late in paying their bills dropped in the first quarter of 2010. This is due in a large part to the fact that banks can’t hike credit card rates for no reason and with no warning, leading to lower minimum payments, a central legislative change brought about by the CARD Act.
For borrowers who are looking for a personal loan, but don’t qualify for the best rates at their local bank, peer-to-peer lending might be a good solution. Recently Lending Club expanded their personal loan offering by providing 5 year personal loans to borrowers and investors.
“Sixty-month loans allow sound borrowers to manage monthly payments more comfortably with the great interest rates of our peer loans.” said Rob Garcia, Sr. Director of Product Strategy with Lending Club in an email to WalletPop. (Continue the story…)
Filed under: Money College, Debt, School
Tuition Ignition: A week-long series looking at the soaring cost of college at public and private institutions
Filed under: Debt, Technology, Economizer, Credit Cards
“Weight Watchers for Debt.” That’s how Scott Crawford, the CEO of DebtGoal describes the company’s DIY model of getting out of debt in a phone interview with WalletPop. The service automates one of the toughest parts of getting out of debt — figuring out a payment plan that is realistic. Tuesday at Finovate in San Francisco, the company announced a new tool for crowdsourced credit card rate negotiation.
Filed under: Borrowing, Debt, Bankruptcy
There’s a cruel irony to navigating your finances amid the ongoing credit crunch.
Filed under: Banks, Fraud, Consumer Ally
Cyber criminals that prey on consumers who bank online are stepping up their game.
Filed under: Banks, Credit, Debt
If you’re tired of reading about the right way to go through the home buying process and being bombarded with flashing “click here for the best rates” ads then you should check out Information Edge.
This new website from FoolProof, which makes excellent personal finance learning programs for kids, is aimed at helping adults of all ages make smarter financial decisions when it comes to buying a car, buying a home, dealing with credit and debt as well as many other relevant issues.
Filed under: Credit, Debt, Credit Cards
Kate Bingaman-Burt’s new book may offer just the solution to lowering credit card debt — draw a picture of almost every purchase you make.
Filed under: Banks, Borrowing, Credit, School, Personal Loans, Student Loans
I know a lot about student loans. I sent one son to Princeton University and one to Berklee College of Music. And I sent myself to Temple University’s graduate school when I was 40 – years after I majored in beer and boys at The Ohio State University.
Filed under: Borrowing, Debt, Fraud, Consumer Ally
Phony debt collectors are harassing Ohioans for repayment of payday loans consumers never borrowed, the Ohio Attorney General is warning. The collectors pretend to be from the legitimate Kentucky-based company, U.S. Cash Advance.