How to Protect Yourself from Dangerous Collection Scams: When facing financial difficulties, the last thing you need is to fall victim to dangerous collection scams. Unfortunately, scammers prey on vulnerable individuals and the elderly, attempting to exploit their...
A meeting was held recently in Troy City to inform residents about predatory loaning businesses, WSFA12 reported on June 12.According to Troy City Councilwoman DeJerilyn King Henderson, many consumers did not know that they are likely paying more in...
In a proposed bill, U.S. Senator Sherrod Brown suggested allowing families to withdraw money they would have received on their tax return, thereby allowing them to avoid the high interest of predatory payday loans, 1370 WSPD reported on January 19.According to the...
Taking action to limit the impact of short-term loans, like payday loans, is being considered by the U.S. Consumer Financial Protection Bureau in an effort to protect consumers against loans that can become “debt traps,” according to its director recently.Payday loans...
A recent survey showed that, while the credit card debt of Alabama families has gotten lower in 2011, credit scores are at an all-time low. Alabama had an average credit score of 642 in January, which was the fourth lowest credit score in the U.S.These statistics...