The Consumer Financial Protection Bureau has turned its attention to payday and deposit advance loans. It issued a new report that finds these products lead to a cycle of indebtedness. Not surprising, it found that loose lending standards, high costs … Continue reading
The FTC receives more complaints from consumers about debt collectors and debt buyers than any other industry. So the FTC studied this industry over the past three years, trying to understand the process of buying and selling debt as well … Continue reading
As our children grow, they are exposed to many different learning experiences. However, many children are never taught anything about financial literacy or the use of a credit card. Teachers rarely talk about credit cards or credit card debt, so it is critical for parents … Continue reading
FICO recently released a study that gives details about the financial habits of the 50 million consumers with the highest credit scores. FICO scores range from 300 to 850 and any score above 785 is considered very high. Approximately 25 … Continue reading