Category Archives: Banks
Banks Are Making Some Debit Cards More Expensive Than Credit
Imagine opening up your bank statement and finding that the $5 lunch you bought with your debit card last week actually cost you $45. Sound outrageous? It is – but it’s happening to bank customers across the county. As more consumers choose to forgo credit and its accompanying interest and fees, banks are finding sneaky… Read More »
Some Mortgage Modifications Have Hidden Fees
If you were going to modify your mortgage, common sense says you’d make it more affordable, right? Well, it seems that some lenders don’t agree. More than half of mortgage modifications have either made no change or actually made loans more expensive, according to this story in USA Today. How? It turns out that lenders… Read More »
Bankruptcy Can Stop Foreclosure By Addressing Other Debts
Remember those Magic Eye pictures? On the surface, they looked like a bunch of colored dots. But once you let your eyes adjust, you could finally see the scene hidden inside. You could finally see the whole picture. Well, the foreclosure crisis is turning out to be a lot like those images. On the most… Read More »
Bankruptcy Stops Foreclosure By Getting to the Root of Mortgage Problems
Imagine having the best interest rate, decent loan terms and an affordable payment – but still losing your home to foreclosure. It might sound nonsensical, but it’s happening to millions of Americans right now. Rates are the lowest they’ve been in years. Uncle Sam has coughed up $75 billion in taxpayer money to encourage banks… Read More »
Debit Can Help Rein In Debt As Long As You Don’t Overdraw
When I first discovered the wonders of the debit card, I thought I was in heaven. Here was a form of payment as convenient as credit, yet seemingly as safe as cash. Unlike paper money, it didn’t require me to plan a trip to the ATM. But unlike credit, it didn’t charge me interest or… Read More »