When to Freeze Your Credit

Dec 24, 2018 by

You may have heard of freezing your credit cards in a block of ice as a tactic to deter impulse spending and borrowing. But that’s not what’s meant by “credit freeze.”

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Cash Money® Sale! (Ugh)

Jun 19, 2014 by

Question: When is a 174% loan APR promoted as a deal? Answer: When the regular APR is 600%! That’s this payday lender’s unabashed pitch for its noxious product.

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Being Poor Is Expensive

Jun 9, 2014 by

Are you one of 70 million “underbanked” Americans? A new documentary called “Spent” publicizes your plight with the aim of spurring changes that will save you money and make life a bit easier.

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Baby Boomer Retirement Panic?

Jul 25, 2013 by

The Baby Boom generation has mostly had it pretty good. But with retirement age looming for this 80-million strong population bulge, financial realities may mean the party is over for many.

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Financial Meltdown Effects

Jun 25, 2013 by

A majority of investors have gone from “scared or confused” in 2008 to “prepared or confident” in April of this year.

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Wonga: So Wrong-a

Dec 17, 2012 by

Conjure an image of a loan shark. Got it? Now dress him up in bright, new clothes, and bless him with the smoothest, most genuine sales pitch you can imagine. What have you got? Wonga.

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Banks Now Payday Lenders

Jan 20, 2012 by

Payday lenders fear the new Consumer Financial Protection Bureau may cut into their profits. Sleazy industry operators–now including Big Banks–could be forced to charge “just” 36% interest on loans instead of the 400%+ rate to which they’ve grown accustomed. Horrors! Shall we all rise to the defense of these well-meaning businesses before they’re oppressed by Big Government??

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DIY Debt Settlement

Jan 3, 2012 by

I rarely suggest debt settlement as a means to reduce debt. But in some situations, debt settlement can be the best option. Notwithstanding some of the ads Google puts on this blog, I’m pretty much always anti-debt settlement company. I’ll send you free a Debt Settlement Do-It-Yourself Guide.

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Know Your Limitations

Dec 9, 2011 by

Don’t try to run out the clock on an overdue debt you can afford to repay. But know that debt collectors’ most persuasive tools can no longer be used after the “statute of limitations” kicks in.

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Reverse Bank Robbery

Dec 2, 2011 by

Big Banks are now competing in the predatory, hyper-profitable field known traditionally as “payday lending.” Though renamed by high-paid bank marketing gurus as “direct deposit loans,” they’re indistinguishable from payday loans in the only respect that matters: Interest rates of 300-400%. No wonder America’s nearly busted banks are interested!

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