Consumerist
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credit
Payday Lenders Are on the Defensive
Well, it looks like payday lenders have their backs up against the wall. Things are getting so bad that they are making voluntary changes. According to yesterday's WSJ, payday lenders are willing to:• Place a ban on advertising loans for "frivolous" purposes such as gambling, entertainment or vacations
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lending
Help Sallie Mae is Ruining My Life!
Sometimes we get emails that just break our heart. This poor guy has lost his job due to Sallie Mae's constant debt collection calls to his employer, and his monthly student loan payment is $1,100, which he just can't afford: More » -
payday
Avoiding Payday Loans
CreditPro is a new blog written by a non-profit credit counselor, and he has some harsh words about Payday loans and why they are never a good idea: More » -
credit cards
Senate Credit Card Hearing: "Take a Long, Hard Look at How You Treat Your Customers."
CNN has the highlights of the Senate Credit Card Hearing and Senator Dodd issued the smackdown WWF (WWE?) style:"If you currently engage in any business practice that you would be ashamed to discuss before this Committee, I would strongly encourage you to cease and desist that practice. Irrespective of the current legality of such practices, you should take a long, hard look at how you treat your customers."
Oooh, he's talking a mean game. More » -
banking
Watch Sexy Credit Card Senate Hearing Cam!
The Senate Banking Committee hearing on "Examining the Billing, Marketing, and Disclosure Practices of the Credit Card Industry, and Their Impact on Consumers" was yesterday and a video archive of the live webcam is available. Ok, so it's probably not sexy, but it could be pretty interesting: More » -
tax tip
Tax Tip: Do Not Put A Refund Anticipation Loan On A Prepaid Credit Card
As we've mentioned before, refund anticipation loans are a bad idea. They're made doubly bad when they are deposited to a prepaid credit card, but that's just what HR Block suggests that you do. Why is this a bad idea? More » -
rfa
Avoid Tax Refund Anticipation Loans
The National Consumer Law Center and the Consumer Federation of America have issued a press release warning you to steer clear of Tax Refund Anticipation Loans (PDF): More » -
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lending
Volkswagen: "Why Not Skip A Payment?"
Ramit over at I Will Teach You To Be Rich sent us this heads up about some predatory lending behavior from Volkswagen Credit. Ramit's friend received a friendly-looking mailing suggesting, "Why Not Skip a Payment This Holiday Season?" The text of the letter reads: More » -
retail
The News; High Interest Charged For Lending Of Ears
• Isn't the real solution just to stop making more children? [NYT] "Congress Identifies Pornography Purchasers" More » -
loans
Minorities Get The Worst Loans
Were you cursed with skin a shade darker than a gleaming opalescent white? Are your nethers nutmeg or, worse yet, ebony? Well, the honkies here at the Consumerist love you... but unfortunately, loan companies don't. Also, you can't have any of our money. More » -
credit cards
Would the World End if All Credits Cards Got Paid Off?
What if we sent in the full remaining balance on all our credit cards? Every single person in America, paid... off... alllllllll their credit card debt. Our Amex's, Discovers, Visas, Mastercards. All of them. More »
lending
New York, 2:54 PM
Mon Nov 23
8 posts in the last 24 hours
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