Consumer Credit News, Scam Alerts, and Top Recommendations
Beware of Lending Scams - Protect yourself and your finances from fake lenders and scammers. Make sure to read up on the latest scam techniques, such as their use of legitimate company names and logos, stolen from real loan companies, in order to hide their illegal operation. Educate yourself about foreclosure fraud, advance fee loan scams, and identity theft, so you'll be better able to recognize red flags when you see them. You will be able to fend off the leeches who take advantage of the desperate and vulnerable. Remember, no legitimate lender would tell you to wire money to them in advance of a loan, for any reason. Borrowing Options - As you search the vast array of bad credit loans offered online, you need a viable strategy and should use only trusted sources. Throughout our website, we explore a number of flexible financing programs available to you. If you need a loan quickly, cash advances are fast, convenient, and very easy to qualify for, especially for people with bad credit. They are typically approved the same day with no credit check or faxing. Thanks to swift processing, you will normally receive your money within 24 hours after you submit your request. Keep in mind that they are expensive and should be used sparingly or for emergencies. For larger amounts, you may get the best offer (longer terms and lowest interest rate), on an direct loan or credit line that uses property collateral, such as home equity. Most signature loans can range from $200 to $5,000, depending on the lender, as well as the borrower's income level and repayment history. Click here to submit a request for one of our bad credit personal loans or other services. Get Out of Debt - Responsible debt management is the first step toward toward becoming debt free, improving your financial health, and creating a prosperous future for you and your family. A good debt settlement company may be able to help settle your unsecured debt, negotiate a lower interest rate, waive late fees, and reduce your payoff balances with each of your creditors. For many, home equity can be a great source of funds to eradicate debt. If you own your home and can qualify for a lower mortgage rate, you will save a lot of money over the long term by using a low-interest home loan against your equity to pay off high-interest items. Bear in mind that an equity line is secured by your home, and you must be able to make your loan payment each month or you risk losing your home. So, carefully weigh your options before deciding how you will eliminate your debt. Once you learn how to create and live within a personalized budget, gain control over your spending, and pay down your credit card balances, you will begin to see your credit scores rise and you will ultimately get that second chance you deserve. Above all, don't forget the great personal advice that your grandma gave you: live within your means!
Stop Foreclosure - The Federal Foreclosure Prevention Plan was designed to help reduce foreclosures, particularly among high risk families who are struggling to make their mortgage payments in the face of increasing adjustable rate mortgages. Customized loan-modification programs allow financially-distressed and low income homeowners to modify their loan terms and possibly avoid foreclosure. They might be particularly beneficial to someone with bad credit or and those who are unqualified for traditional loans and mortgage refinancing. Consumer Statistics - For the past six years, we have been compiling a brief summary of consumer spending, credit and debt for the previous year. Here are some of our most recent reports: 2009 | 2010 |
Personal Loans 
