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Citi To Pay $700 Million To Consumers Over Illegal Credit Card Practices

Citibankhas agreedto pay $700 million to consumers who were hurt by deceptive and illegal credit card practices, plus $70 million in fines,regulators said on Tuesday. Some 8.8 millionconsumers were allegedly impactedbydeceptivemarketing and billing forcredit card services and add-on products like debt protection and credit monitoring, according to theConsumer Financial Protection Bureau. For instance, Citi allegedly […]

Small businesses turning to online lenders

When Richard Cohn needed quick funding last year to open a restaurant in the spring of 2015, he knew a traditional bank wouldn’t be nimble enough to provide the money in time. Applying for bank financing would have meant weeks of back-and-forth with a lender that wasn’t set up to work with Cohn’s small business, […]

Fitch: US Lenders, Title Insurers See Operational Risk in New Rules

NEW YORK CHICAGO–(BUSINESS WIRE)–US title insurers soon implementing the Consumer Finance Protection Bureaus (CFPB) new integrated disclosure forms for residential home closings face operational challenges that could result in some market share shifts following its implementation, says Fitch Ratings. Glitches along the vendor chain as the new rules become effective on and after Oct. 3, […]

Concerns About Buying a Car and Bad Credit

Looking for a vehicle is a big deal. In fact, taking out an auto loan is one of the biggest financial commitments people make. So, what happens when you need a car but are experiencing issues with your credit? There are many different things that potential car buyers have concerns about when they are looking […]

MONEY: Cooper’s credit repair open in Sierra Vista

Have you ever been denied a home or car loan? Or you just can’t balance your financial affairs due to divorce, bankruptcyorunemployment? Life happens, but don’t let bad credit stop you from obtaining the American dream because Cooper’s Credit Repair Nerds can help. The business is the top credit repair company in the Southwest and […]

The Wrong Used Car with Bad Credit

An older used car with high mileage really doesnt make sense especially if your credit is less than perfect. Used car question Here at Auto Credit Express, we recently fielded a question from a borrower with credit problems who obviously had a specific car in mind: I want to buy a 2005 Subaru WRX STI […]

7 huge money mistakes college kids make

You’ve probably heard the saying, “If it’s too good to be true, it probably is.” Well, that saying holds true most of the time. Jerome Wichert, director of student financial services at Southwestern Oklahoma State University in Weatherford, said to beware of companies offering to help find scholarships for a fee. Generally, the scholarship information […]

Fear not, credit rating redemption is possible

Bad credit ratings happen to people in all walks of life. Sometimes a catastrophe such as business failure, divorce or illness leaves an erstwhile financially healthy member of the public in dire straits. They miss a few payments on the house, car, utilities bills or other payments, which leads to a black mark on their […]

Convenience store operator Gas-Mart USA files bankruptcy petition

Gas-Mart USA Inc., owner and operator of convenience stores located at Phillips 66/Conoco gas stations, has filed a Chapter 11 voluntary bankruptcy petition, listing unsecured debts of nearly $14 million. The petition was filed in affiliated cases in US Bankruptcy Court in the Western District of Missouri for Gas-Mart, as well as for Aving-Rice LLC, […]

Why Settling Your Credit Won’t Impress Lenders

Do you stuff your wallet with cash or prefer a card instead? Most of us prefer plastic money because it is convenient to carry and can be swiped almost everywhere these days. But if not used diligently, you can get into a mess. Read on to know more. Missing repayment dates or making a default […]

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