The Consumer Financial Protection Bureau has announced a new proposal to target bad payday lending practices that can trap customers in unsustainable long-term debt.
The proposals would extend consumer protection to various kinds of short-term or cash loans including auto-title loans, payday loans, and some installment loans, requiring lenders to make more efforts to establish
Uncategorized
Retired people are advising millennials to start saving for retirement as soon as possible, to store as much in their nest egg as they can, according to a recent survey. The poll, from Pentegra Retirement Services, asked retirees who are not collecting a pension what they wish they had done differently when it comes to
Google has announced that on July 13, their search engine will ban all ads related to payday loans. These loans often have triple digit interest rates and the search engine company has added them to its list of dangerous products, for which it will not run advertisements.
This announcement comes less than a month before
If you are one of the brave men and women serving our country in uniform, you face enough dangers. You do not need anyone attempting to take financial advantage of you by capitalizing on the unique challenges of military life.
Unfortunately, you can find many payday loan lenders and other purveyors of short-term, high-interest loans
If you are closing in on retirement age, you are keenly interested in how the three remaining Presidential candidates — Donald Trump, Hillary Clinton, and Bernie Sanders — plan to deal with the fiscal challenges of Social Security and Medicare. If you are not close to retirement age, you should be even more interested, as
Borrowers in need of assistance between paychecks often look to various types of payday loans. One of these types of loans is called a single-payment loan, and it is secured with the borrower’s auto title. However, as with all payday loans, this type of loan often had unexpected consequences that went along with it. According
On Tuesday, the Department of Housing and Urban Development (HUD) announced that they will soon be releasing a new set of guidelines for the sale of all mortgages that were once guaranteed by the US government. These new regulations come in response to a number of legislators criticizing the loan sales, saying that they allowed
When a borrower applies for a mortgage, the lender looks at both secured and unsecured lines of credit. With secured credit, they are taking less of a gamble – they can seize the asset associated with the credit. Mortgages and auto loans are both secured, while debt such as credit card loans and student loans
There are a number of programs that help homeowners with their monthly mortgage payments, but not all homeowners know about them. Some of these programs are connected to employers. While not all employers offer assistance, those that do often find job seekers fighting for open positions. Homeowners can also find help through a number of
College costs are spiraling to the point where a four-year major college education is approaching or exceeding the cost of your house. Like many Americans, you may not be able to foot the entire cost of a college education, but a prudent savings plan can reduce the amount of aid your child will have to
You can finally see retirement in the horizon – lounging on the beach, jetting around the world, or puttering around in your backyard. Whatever your goals are, you will soon be realizing them, assuming you have saved and invested wisely. How should your investments be rebalanced as you approach your retirement goals? The answer to
Saving for your child or grandchild’s higher education is one of the most important investments you can make for his or her future. To make saving for college easier, the 529 plan was created. Named after section 529 of the Internal Revenue code, it is a federal-income-tax-free savings plan to be used for qualified educational
Ever since you were a child, you were told to save your money. But as an adult, you are told that saving money, as opposed to investing it, isn’t always the best strategy. What’s the real story?
You should, of course, maintain a liquid safety net and manage your debts wisely. But sitting on a
Retirees fear running out of money, and rightly so. This can happen to you in three ways – you fail to accumulate enough retirement assets, unexpected expenses drain your retirement funds, or you outlive your expected lifespan (and therefore, your money). You can reduce the possibility of the last one by purchasing a deferred-income annuity.
Making a down payment on a house could be your biggest investment you make. Now there is a way to protect that investment.
Private Mortgage Insurance (PMI) is a method of protecting lenders from risk if you put down a lower down payment on a home (typically less than 20%). The PMI principle assumes that
Losing weight is hard. You can go for several days with significant progress and then fall victim to the Ben and Jerry’s taunting you from the freezer. Some extra incentive could help you maintain a healthier lifestyle, and for most of us, cash does the job nicely. Imagine that you would have to pay extra
While the term ‘refinance’ is most often used with mortgages, it can apply to any type of loan. Many borrowers have taken advantage of low interest rates to refinance their home loans, but some have also refinanced their auto loans, student loans, and even credit card debt via a home consolidation loan. For some, even
Homeowners who have retired or who are close to retiring and still have a mortgage may have concerns about their finances. While many do pay off their mortgage before retiring, those who purchased a home later in life with a 30-year mortgage or who have had to refinance their home for some reason may find
For many homeowners, paying off a mortgage occurs only once in their lifetime. Taking on a large debt, especially one that lasts for thirty years, is a substantial commitment that deserves to be celebrated once it’s over. However, once the celebration is done, it’s important that homeowners take the time to make certain that they
Whether you believe it is a good trend or a bad one, the number of households that receive benefits from the Federal Government has almost reached the halfway mark.
Welfare Dependence Keeps Growing According to the most recent data from the U.S. Census Bureau, 152.9 million out of 308.9 million total Americans received some form
For most Americans, a prolonged period of unusually low oil prices is a positive. It costs less to fill your tank at the gas station, and lower transportation costs keep the price of goods relatively low. However, there are a few people who are not happy to see low oil prices — led by those
The 80% rule is one of the classic rules of thumb for retirement advice. Financial planners often advise that in order to maintain your current lifestyle in retirement, you should aim to replace 80% of your working income from your retirement resources such as Social Security, investment dividends, and IRA withdrawals. From that point, you
Bank of America (BoA) has reported 2016 first quarter earnings from mortgage banking as $433 million, a decline from their $694 million in the first quarter of 2015. This is due to the bank selling fewer secondary market loans, Chief Financial Officer Paul Donofrio reports.
Donofrio explained that the bank’s strategy is to place more
How much will you be paying in federal income taxes this year? According to data from 2013, the average individual American tax bill was over $8,500 — yet there are large corporations making millions of dollars in profit and paying no income taxes. According to USA Today, 27 large corporations in the S&P 500 reported
Does your ability to pass on your wealth to your heirs depend on where you live … and die? Indeed it does. Federal estate taxes apply no matter where you live within the U.S., but eighteen states subject their citizens to estate taxes or inheritance taxes. The difference between the two is that estate taxes
At various times in life, your mortgage can seem overwhelming – either from the size of the monthly payments or the overall amount of interest you will pay. If you are looking for methods to save either way, here are a few suggestions:
Consider Refinancing – Fixed interest rates are going up again, but they
Homeowners rarely think about dying when they apply for a mortgage, but legal experts urge buyers, especially older buyers, to learn about what happens to their loan and their property if they die before the balance is paid in full. Bernard A. Krooks, an elder law expert, stresses that seniors need to be informed so
You are struggling just to pay your monthly bills, not to mention dealing with the occasional car breakdown, home maintenance item, or unexpected medical bill. You have had to resort to high-interest short-term payday loans to fill the gap, which puts you even further in debt. How can you even think about saving money in
Doctors, dentists, and many others who go into the medical field often graduate with high amounts of student loan debt that they have to begin paying back after six months of graduation. While they may not be making a large amount of money immediately following graduation and have a large amount of debt, they are
When most homebuyers sit down to calculate whether they can afford a particular home, they often assume their monthly mortgage payment will include only the principal and the interest. Many forget to factor in property taxes and their monthly homeowner’s insurance premium. This often leads borrowers to experience sticker shock when they see what a
- « Previous Page
- 1
- …
- 44
- 45
- 46
- 47
- 48
- …
- 53
- Next Page »