If you’re thinking about applying for an online payday loan, you might be dealing with a direct lender – or you might be dealing with a loan aggregator. A direct lender lends you the money; a loan aggregator is a middleman – a company that...
Tag: loan
If you need a short term loan, you may be tempted by ads touting online payday loans. But before you click on a link, the Federal Trade Commission (FTC), the nation's consumer protection agency, has a few caveats to share.
Lenders Don't...The FTC recently completed its fifth national study on the accuracy and completeness of consumer credit reports. A credit report includes information on where you live, how you pay your bills, and whether you’ve been sued, or have filed for...
Owning a car can be a big responsibility. And while you may have gotten up to speed on proper tire inflation and when to replace worn wiper blades, there are some other key things to know.
For instance, if you took out a loan to buy your...
People use credit to pay for education or a house, a remodeling job or a car, or to finance a loan to keep their business operating.
The Federal Trade Commission (FTC), the nation’s consumer protection agency, enforces the Equal Credit...
If you’re refinancing your mortgage or applying for a home equity installment loan, you may have protections under the Home Ownership and Equity Protection Act (HOEPA). This law deals with deceptive and unfair practices in home equity lending,...
Companies selling payday loans often charge high fees and interest rates. Consider other ways to borrow money, and compare the costs between your options.
You may be tempted by ads and websites that guarantee loans or credit cards, regardless of your credit history. But if you have to pay a fee in advance for a "guaranteed" loan or credit card – you’re dealing with a scam. Legitimate lenders never...
A new car is second only to a home as the most expensive purchase many consumers make. According to the National Automobile Dealers Association, the average price of a new car sold in the United States is about $30,000. That’s why it’s important...
What do you do if a friend or relative asks you to cosign a loan? Before you say yes, think about the obligations involved and how they may affect your own finances and creditworthiness. When you agree to cosign a loan, you’re taking a risk a...
