Consumer Tips

How Credit Decisions Are Made

Lenders review credit applications to decide whether you are a good credit risk. The more likely you are to pay back on time, current and future loans could be bigger and the cost to borrow much cheaper.Similar to the Four C's in ... More »


The Real Cost of Alternative Financial Services

Buyer beware: Credit is a valuable too but in some cases very costly.Roughly 20% of the US population, checking account or not, use alternative financial services (AFS). According to the FDIC, nearly half of those are unbanked.... More »


The Cost of Credit and Responsible Use

WHAT IS CREDIT?Credit is defines as confidence in a borrower's ability and intention to pay. Normally in the form of loans, credit can come from banks, businesses and individuals. These loans can be used to ... More »


Alternatives to Cash Advance Loans

October 12, 2012

At some point in their lives, almost everyone will face some type of financial emergency. Whether it's an unplanned medical expense, a "can't wait" car repair, or some other urgent monetary need, trying to find quick access to cash funds ca... More »


Car Title Loan Basics

October 11, 2012

The economic conditions of the past few years have caused most financial institutions, such as banks and credit unions, to seriously tighten their lending requirements. Consumers who in the past would have easily qualified for a personal loan or a home-equity line of... More »


Secured vs. Unsecured Loans

October 10, 2012

Borrowing money is a serious responsibility no matter what type of loan you choose. The days of walking into your neighborhood bank or credit union and quickly and easily getting a personal loan are pretty much over.Since the financial meltdown began i... More »


The Top Causes of Debt

October 9, 2012

You hear a lot of discussion these days about America's debt problem. More often than not, people consider the massive Federal government debt to be the issue. While the national budget deficit certainly is a major concern to financial and economic experts and everyd... More »