Payday Loan Alternatives That Are More Expensive. You’ll be Surprised.

The National Consumer Law Center has just issued their latest report on payday loans titled Stopping the Payday loan Trap: Alternatives that work, ones that don’t. The report is interesting in that it gives a number of examples of payday loan alternatives that offer small dollar amount loans and lists the corresponding APR. For example: … Read more

My Credit Union Says They Can Reposes My Car Because I’m Behind On My Credit Card Payment. – Mike

“Dear Steve, I am up to date on my car payments but behind on my Visa payments. My credit union in Atlanta, Ga says they can seize my car because the Visa is secured by it and I never new about this, or the fact that they I had a secured Visa card. I do … Read more

Our Credit Sucks and We Can’t Refinance. What Can We Do? – Jim

“Dear Steve, I am currently trying to refinance my home through my credit union. According to their appraiser, in the last year and a half, the value of my home has dropped $200,000.00. Our credit is in the 500-600 range so no bank will touch us and we now no even paycheck to paychecjk. My … Read more

My Credit Union is Suing Me for Repoed Car. – Liz

“Dear Steve, I had a 2006 Honda Accord EX and a signature loan from my credit union. I got laid off and couldn’t make either payment. The CU put both loans together at one point, but I still couldn’t make the payment, so I voluntarily returned the car. They sold the car, and I still … Read more

I Owe Navy Federal Credit Union $17,000. – Garr

Garr “Dear Steve, I owe Navy Federal Credit Union $17,000 the account is charge off but they are take legal act to garnishment or civil suit i am not sure they take a settlement. Garr” Dear Garr, The issue here that you need to take some action to intervene here instead of just watching the … Read more

John Wants to Know “If I Consolidate My Debt On One Account Will It Hurt My Credit Score?”

“Dear Steve, I opened up too many credit card accounts in the past two years i recently joinend a credit union bank which offered me a chance to put all my credit cards under one account. I owe about 3,000. I also only make about 1,400 a month so at times I’m only able to … Read more