Tag: loan

Ever wonder how a lender decides whether to grant you credit? For years, creditors have been using credit scoring systems to determine if you’d be a good risk for credit cards, auto loans, and mortgages. These days, other types of businesses —...

If you need some fast cash, you may be tempted by ads touting online payday loans. But before you click on a link and share your personal information, I have a cautionary tale to share.

There once was an online payday loan operation that...

If you negotiated a short sale of your home, you may be surprised to learn that some mortgage loan underwriting systems can’t distinguish short sales from foreclosures on consumer reports. And that may keep or delay you from getting a new...

If you are struggling to make your mortgage payments — or you’ve missed making some payments — you may be thinking about negotiating a short sale of your home with your lender. After all, a short sale may not hurt your credit rating as much as a...

If you’re thinking about applying for a credit card, the Federal Trade Commission (FTC), the nation’s consumer protection agency, says be skeptical of gold, platinum, or pre-approved card offers that promise to get you a major credit card or...

Money Matters! Do you teach people about everyday financial issues? Consumer information from the FTC is free and in the public domain. That means you can print it, copy it, post it, or link to it freely – and for free.

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This video shows what happens when someone gets a payday loan but can’t pay it back right away.

During the past few years, consumers have complained to the Federal Trade Commission about debt collection more than just about any other single topic. It’s no surprise, then, that when we asked legal services attorneys and non-profits across the...

If you’re thinking about applying for an online payday loan, you might be dealing with a direct lender – or you might be dealing with a loan aggregator. A direct lender lends you the money; a loan aggregator is a middleman – a company that...

If you need a short term loan, you may be tempted by ads touting online payday loans. But before you click on a link, the Federal Trade Commission (FTC), the nation's consumer protection agency, has a few caveats to share. 

Lenders Don't...

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