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Auto sales up sharply in March

clock April 6, 2012 09:11 by author Philip N Burgess Jr Princeton NJ
With credit card, medical and student debt being fixtures in the news recently, one may be surprised to learn that March is predicted to have been a record month for new automobile sales.MSNBC cited rising gas prices and high costs of used cars as reasons why Americans turned to dealerships to purchase new, fuel-efficient cars last month. Consumer ... [More]

Car title loan business growing

clock April 6, 2012 09:11 by author Philip N Burgess Jr Princeton NJ
There is a growing population in the United States who live paycheck to paycheck. Many are approaching short term lending sources to obtain a little extra cash to make ends meet. Loans in exchange for car titles are a burgeoning business in the U.S.A consumer can give a lender their car title in exchange for money, depending on how much the car is ... [More]

Alternative license agreements create payday loan loophole

clock April 3, 2012 08:15 by author Philip N Burgess Jr Princeton NJ
The battle between the Ohio government and payday lenders rages on, as short term loan companies search for ways to circumvent restrictive lending provisions, the Columbus Dispatch reports.Passed in 2008, the Short Term Loan Act aimed to make short term lending "less onerous," the news source explains. The website Debt Consolidation Payda... [More]

Loans more common around Valentine's Day

clock March 20, 2012 08:15 by author Philip N Burgess Jr Princeton NJ
Recent research from price comparison website comparethemarket.com showed that loans increase sharply around Valentine's Day. Short term lending options such as payday loans, pawn shop loans and short term loans are common around this season, often for purposes of producing a happy and romantic holiday for a loved one.On average, February sees ... [More]

Lenders more generous as competition increases

clock March 15, 2012 07:00 by author Philip N Burgess Jr Princeton NJ
The stabilization of the economy has allowed many credit card lenders to become more confident in their assumptions of who will repay their debt, WJXT-TV reports.Because of this, lenders are now extending more lines of credit, and many experts believe banks will once again begin competing for borrowers' services as the year goes on."Credit... [More]

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TransUnion: Consumers paying
Consumers appear to be paying off their auto loans before their credit card and mortgage debts, according to the results ... more

Missouri man making false
A man falsely identifying himself as a police officer has been harassing citizens of Florida and Kansas, threatening them with legal ... more

Government moves to support
A major settlement with U.S. mortgage lenders will finance a government led plan to increase the cost of up front ... more