Monthly Archives: November 2017
Rule Prohibiting Mandatory Arbitration Struck Down
A rule proposed by the Consumer Financial Protection Bureau (CFPB) to protect consumers and make it easier for them to sue banks and other financial institutions has been struck down before it was set to take effect in 2019. The rule sought to protect consumers by prohibiting financial institutions and credit card companies from… Read More »
Payday Loans In Pennsylvania
Payday loans are a form of predatory lending that is offered to consumers who often have few other avenues to acquire credit. While payday loans may seem like a quick way out of a financial bind, they often mean the consumer is trapped in what may become a repayment nightmare because of the high… Read More »
Reverse Mortgage Foreclosure
For older homeowners, the idea of a reverse mortgage can sound appealing, especially if the homeowner is going through some tough financial times. A reverse mortgage is a type of home loan where the homeowner uses the equity in his home to get a loan that is distributed in monthly payments. In contrast to… Read More »
Disputing Incorrect Information With Creditors And On Credit Reports
Incorrect information on a credit report can have a negative impact on a person’s credit score, and therefore affect the person’s ability to get low interest loans, and even affect a person’s employment prospects in some industries. Because of this, it is important for a person who notices incorrect information on his credit report… Read More »
