Unlike federal student loans, private student loans have a statute of limitation. Some student lenders attempt to extend the statute of limitation to as long as 20 years by inserting language in student loan contract claiming it is one being executed under seal. A contract under seal is an arcane concept derived from colonial times...
This article was originally posted on Huffington Post on Monday, June 11, 2012 and reprinted here with permission. Given the bailout the banks enjoyed at taxpayer expense, it's ironic how difficult it has become for the 'little guy' to take advantage of the only bailout he's ever going to see -- the fresh start promised by filing...
They promise ‘hassle-free cash’ and short term money to help you through a rough patch and a fast answer to all of your personal cashflow issues. What these predatory payday lenders don’t tell you is that they take advantage of low and low-to-middle income individuals by luring them with easy access to cash packaged with...
[caption id="attachment_225" align="alignleft" width="200" caption="With the implementation of the CARD Act banks are becoming more creative with their hidden fees and charges. "][/caption] Just when you thought the waters of big banking were safe to venture into once more, big banks are desperately chomping after consumer dollars with new fees and charges on consumer accounts. After...
[caption id="attachment_178" align="alignleft" width="199" caption="Watch your mail for a letter from your bank regarding changing overdraft fees"][/caption] The third and final phase of the Credit Card Accountability Responsibility and Disclosure (CARD) Act will be going into effect on August 22, 2010 but many banks are trying to beat the legislation to the punch. Included in...