Texas Credit Repair Company Accused of Wrong Doing

By Oliver Dalrymple  Oct, 25, 2011  


The Federal Trade Commission has sued a Texas company for charging fees to customers before services were rendered.

The lawsuit filed by the Federal Trade Commission alleges that the Texas company, RMCN Credit Services, has been unlawfully charging prospective clients credit repair service fees before any work is performed. The FTC filed the lawsuit as part as their renewed effort to cut down on credit repair companies and their associated scams.

The FTC has been working to ensure that consumers who are undergoing financial problems are not being victimized by so-called credit repair service companies. The agency found that RMCN Credit Services were charging consumers a retainer fee that went as high as $2,000 for some clients.

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Online Instant Credit Reports Posted By : Cody Holpp

By Michael McConachy  Oct, 24, 2011  

Online Instant Credit Reports – By: Cody Holpp

A credit report is a mere number which determines the credibility and authenticity of an individual or company based on their previous monetary transactions. It also keeps a tab of all the delay in payments and bankruptcies. This helps all the money lending organisations filter out the defaulters from genuinely interested men. However, in order to view a detailed report, one has to visit the Federal Trade commission. But this is not feasible at all circumstances. Besides, if there are any discrepancies in the credit report, one needs to approach the particular institution which has given the wrong feedback.

The latter has much more diverse impact and will definitely take the life out of the individual before he can convince the FTC to rectify the error. Read more…

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Planning your trip don’t forget about currency change services

By Admin  Oct, 21, 2011  

Whether you travel abroad frequently or infrequently you need to do currency exchange. A planned trip can indeed save money as you can pay too much in foreign exchange rates. So if you plan your trip in a foreign country, always deal with specialists in exchange rates. Caxton currency exchange can help you save your money and efforts.

It is advisable to be prepared before you decide to change or transfer money. There are several sites online that show updated rates in foreign currencies and provide important information on money transfers and other foreign exchange transactions. Generally, these sites offer exchange services that can be very useful for travelers.

Basically specialists on currency exchange help customers determine the exchange rate of one currency against another. Read more…

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Micro Business Loans: Introducing Micro Loan Cards

By Michael McConachy  Oct, 18, 2011  

Tired of dealing with traditional lenders that ask for collateral, tax returns, balance sheets and pretty much everything under the sun?

Micro loans first originated in the Third World as a way to help launch small businesses. Many of the micro lenders, which are non profits, receive the bulk of the funds from the Small Business Administration. Now there are certain requirements to qualify for this small loan but it’s much less difficult than that of traditional lenders.

It’s important to understand that micro loans offer a variety of benefits which include:

  1. Business Training – The SBA requires that intermediary lenders provide training for companies and technical support to borrowers.

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Why Are Banks Charging New Debit Card Fees?

By Jasmine Pinschof  Oct, 17, 2011  

That is the question Sen. Durbin the author of the eponymous amendment to last years sweeping financial reform bill that called for lower debit interchange fees is asking of Wells Fargos CEO. Well, Sen. Durbin is of course only asking Wells Fargo to answer for its own fees, but the fact is that what prompted Wells to begin charging new debit-related fees is also what caused its rivals to do the same.

And if Sen. Durbin really wants to get an answer to his question although I suspect he knows it perfectly well as it is all he has to do is look in a mirror.

As we reported back in August, Wells Fargo is testing in several states a $3 monthly fee charged to customers for using their debit and ATM cards.

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Fast cash loans need to be availed judiciously

By Admin  Oct, 15, 2011  

One of the primary aspects which attract people towards fast cash loans is that they are fast. Unlike traditional money lending agencies, these are pretty quick and will lend you money within hours. Even though they are attractive prospects, you need to be careful before receiving money from such agencies. Sometimes, borrowing money from payday loan lenders can be very expensive. In such cases, there are several other alternate options which people can look forward to. However if you are optimistic about the veracity of your company, then there is no problem in going ahead.

Payday loans are expensive when it comes to loans with no credit check. These are volatile situations which is extremely risky for the banks. Hence fast cash loans with no credit are hugely expensive. Read more…

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Credit Card Offers Luring Subprime Borrowers Again

By Jasmine Pinschof  Oct, 13, 2011  

To the dismay of some, credit card companies are once again loosening their criteria for creditworthiness and are targeting those who have had credit problems in the past. In fact, in the first six months of 2011, banks across the nation issued 5.4 million new credit cards to those whose credit histories have taken a hit to the point of their being classified as subprime. Not only that, but this trend is expected to continue. So why are so many disgruntled with this news? After all, its these very markets that make the American economy go round, yes?

The reasons, or rather, the big reason, many banks are feeling a bit more generous in their approvals has much to do with the historically low charge off and delinquency rates.

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How to Deal With Overwhelming Debt?

By Admin  Oct, 11, 2011  

Since 2008, American has been facing financial problems. The sudden economic recession has caused many to lose their jobs, some to have their pay cut. The price of many essential has gone up making it very expensive to live. However, the bills keep coming. You must sit down and think things over. There is only one thing that should be done – paying off your creditors. Don’t let the Overwhelming Debt dishearten you.

You must realize that your creditors will be ready to help you. They will be able to make out a new repayment plan. This will allow you to make regular payments, nevertheless, giving you a breathing pace. However, before you meet with your creditors you must first make out a list of your debts. M Read more…

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