Posted by Sofia Ballow | Posted on 27-08-2010
As consumers continue to struggle under the weight of a lagging economy, many Americans are trying to refinance their car loans.
Unfortunately, scammers have taken notice and are increasingly trying to bilk people of their hard earned cash. According to Rosemary Shahan, the president of Consumers for Auto Reliability and Safety, car loan scams are a “problem just about everywhere.”
Shahan recognizes that many people are able to refinance their car loans, but warns that “the way to do it isn’t to go to these companies who are out there advertising, ‘We can miraculously get you out of this excruciatingly bad deal.”
A recent article from MarketWatch provides some tips aimed at helping you avoid car loan scams:
- Choose wisely: If you want to refinance your loan, don’t opt for a group that heavily advertises its miraculous refinancing abilities. Instead, choo
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Posted by Sofia Ballow | Posted on 26-08-2010
As the economy slowly recovers from the recession, Americans are hesitant to approach credit card issuers with open arms. While the Credit CARD Act is aimed toward providing consumers with more protection and transparency, it has yet to inspire consumer trust in the companies that previously caused debt and credit score damage for consumers.
NerdWallet.com, a credit card consumer advocate site, has developed a new program to mend the fences between Americans and credit card issuers. The New York Times reports that the site is offering consumers a filter through which to search for an appropriate credit card.
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Posted by Mitchell Wickham | Posted on 24-08-2010
It seems every time I turn on the TV, I see a child in front rocker sings like he had some really bad luck because he had to go, did not visit a credit reporting certain. The melody is very catchy. And while all of us can sympathize with the bizarre situations, you might also want to get “our knowledge on the subject” before registering for this service.
They are free to lines of credit services they really free?
When a big company is to spenda lot of money to promote this website, how can it be free? Well, actually you have to do to give them a credit card number along with other registration information.
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Posted by Sofia Ballow | Posted on 24-08-2010
This weekend, under new credit CARD legislation, consumers were given more transparency and protection against issuers. Furthermore, the CARD Act provided parents with greater peace of mind, prohibiting teens under the age of 21 from applying for credit without a co-signer or the financial means to repay the debt.
But, as Technorati reports, cards may not be all that bad for kids heading off to college.
A co-signer with a good credit history can provide a teen with a card they can to use to learn how to manage their finances in the future. Owning a card can also teach a young adult money management skills and responsibility.
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