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What's new & Coming?
A new website that is designed to get you out of debt. Have you ever had
a budget? Well, if you tried budgeting and failed, you will now have all
the tools and tips to getting out of debt, best of all, IT'S FREE!
So come back and see what new...
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Beware
of Pay Day Loans
by Tim Town
There is a new industry now referred as "Payday loans"
and they do nothing more than steal your hard earned money. Over the
last few years we have seen an increase of individuals that are in
financial hardship or even in foreclosure because they sought the
services of a Pay Day loan company. In some states payday loans are
now illegal but in other states they are popping up every day.
What is a payday loan? This is a service whereby the company lends
the customer a loan based on their paycheck and signs a contract
along with a postdated check for the amount borrowed plus their
fees--the client then pays back the loan the following week or next
pay period in cash or the lender will cash their check. Pay day
loans are very expensive, sometimes in the neighborhood of 360
percent interest (Apr) is paid back. The problem is that the person
that takes out the loan may have the same problem the next week thereby
borrowing again and that's where the destruction begins.
If a person is having financial problems it is always best to seek
the advise of an attorney, financial counselor or other services
available that can help solve the financial problem not get you into
further debt especially high cost loans.
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A thief goes through trash
to find discarded receipts or carbons, and then uses your account
numbers illegally. More...
 Fair Credit Reporting Act Aka:
(Fact Act)
A recent amendment to the federal
Fair Credit Reporting Act requires each of the nationwide consumer
reporting companies – Equifax, Experian,
and Transunion – to provide you with a
free copy of your credit report, at your request, once every 12 months.
But there’s only one online source authorized to do so.
That’s annualcreditreport.com. Beware of other sites that may
look and sound similar.
The Federal Trade Commission (FTC)
advises consumers who order their free annual credit reports online to
be sure to correctly spell annualcreditreport.com, or link to it from
the FTC’s website to avoid being misdirected to other websites
that offer supposedly free reports, but only with the purchase of other
products. While consumers may be offered additional products or
services while on the authorized website, they are not
required to make a purchase to receive their free
annual credit reports.
The FTC has received complaints from
consumers who thought they were ordering their free annual credit
report online. Some consumers responded to TV ads, email offers, or
simply searched online.
The FTC recently settled a lawsuit against
Consumerinfo.com – which did business as Experian
Consumer Direct – over the “free credit report”
promotion it advertised on television, radio and the Internet,
including its websites freecreditreport.com and consumerinfo.com. If
you ordered a free credit report from Consumer info between November 1,
2000 and September 15, 2003, and were enrolled in its credit monitoring
program, you may be eligible for a refund under the FTC’s
settlement.
Source: FTC
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