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The Lovable Credit Unions Have Some Hidden Devil

Credit Unions have a very loyal customer base. They are not-for-profit and owned by their members. As a result, they often offer lower interest rates. But there are some important differences between credit unions and banks regarding lending money. The Horrible Cross Collateralization Agreement Credit unions incorporate a “cross-collateralization agreement” in all loans except mortgages. …

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Three Plea Not Guilty In Skimming Scam Across Southern New England

Three New York residents were charged last week with an indictment charging them with conspiracy, bank fraud and identity theft offenses related to an alleged participation in an ATM “skimming” scheme across southern New England. Gabriela Graham and two citizens of Turkey, Mehmet Aydin and Ahmet Cilek, were each charged with one count of conspiracy …

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My Husband Deserves a New Truck. How Do We Get the Bank to Lower the Rates? – Dena

Dena “Dear Steve, My husband bought a 07 Chevy truck he went to the bank with $9,000.00 cash money, he purchased a 07 Cheey Silverado with low mileage, which we have discussed however, when he visited the loan officer at the Bank she gave him a high interest rate with a Bank that would finance …

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Jeffrey Writes in About Mortgage Company Ethics

“I have a quick question for you. What do you think of the sale of mortgages when consumers have no say over who the ultimate buyer of their mortgage will be? Say, you have a problem with one of the banks caught up in the sub-prime lending issues and your new mortgage with one of …

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