Ever feel like your paycheck disappears faster than you can say ‘autopay’? You’re not alone. Consumer debt isn’t just about credit cards—it sneaks up in ways most people don’t even realize. Let’s talk about consumer debt. You know—the usual suspects: credit cards, car loans, personal loans, and maybe that store credit card you got just …
Attorney General Josh Stein recently announced the Department of Justice has resolved a lawsuit against predatory auto title lenders in North Carolina. Liquidation, LLC made illegal loans to more than 700 North Carolinians under many names and charged interest rates of 161 percent to 571 percent, which far exceed legal limits in North Carolina. Loan …
If you had one of those online title loans that was illegal in your state because the lender was not authorized to make loans in your state, today you’d want to live in Massachusetts. The Massachusetts Attorney General took action against an illegal online title loan lender and dispatched them. The AG office said, “Pursuant …
TransUnion is out with their projections on the performance of auto loans for 2014. Their best guesstimate is the number of people 60 days or more behind is set to rise as more sub-prime borrowers are extended credit to buy increasingly expensive cars. “While we expect auto loan delinquencies to rise in 2014, they will …
Attorney General Leads National Effort To Extend Tax Relief for Distressed Homeowners Jepsen co-authored a letter with Florida Attorney General Pamela Bondi, which was signed onto by 40 other attorneys general and sent today to U.S. House and Senate leaders. It asked the leaders to extend the exclusion, which has been in effect since 2007, …
Our economic life cycle is dependent on all all parties doing their fair share of the heavy lifting. Finance companies and banks lend – consumers buy stuff using credit – stuff must be built – jobs are created and so forth. We keep hearing about a crushing windpipe grip on banks and the government pleading …