Comments for News You Can Use About Credit http://credit-repair-college.com/news Tue, 06 Jan 2009 07:08:57 +0000 http://wordpress.org/?v=2.6.1 Comment on Credit will tighten, but mortgage rates stay low by Improve Your Crdit Score Before Refinancing « credit score news aggregator http://credit-repair-college.com/news/fico-credit-score/credit-will-tighten-but-mortgage-rates-stay-low/#comment-83 Improve Your Crdit Score Before Refinancing « credit score news aggregator Sun, 28 Sep 2008 10:57:50 +0000 http://credit-repair-college.com/news/?p=205#comment-83 [...] First, said Deal, it’s always worth it to repair your credit. [...] [...] First, said Deal, it’s always worth it to repair your credit. [...]

]]> Comment on Knowing the Payday Trap and How to Get Out of Payday Loan Debt by Payday Lending Rep http://credit-repair-college.com/news/personal-loans/knowing-the-payday-trap-and-how-to-get-out-of-payday-loan-debt/#comment-50 Payday Lending Rep Fri, 12 Sep 2008 19:27:31 +0000 http://credit-repair-college.com/news/?p=155#comment-50 Customers do have alternatives and these are important when it comes to making financial decisions. Payday loans are one of these options. When facing an unexpected expense between paydays and have to pay a bill today, customers look at their choices and make a reasonable choice. Customers tell us that they use payday loans to avoid other fees that are far more expensive (i.e. credit card late fees, non-sufficient fund fees, overdraft protection). To say that payday lenders strive to get customers to continuously roll their loans over is invalid. Under Community Financial Services Association of America’s Best Practices, any customer who cannot repay their loan when due has the option of entering into an extended payment plan, allowing them to repay the loan over a period of additional weeks. This option is provided to customers for any reason and at no additional cost. You claim that rollovers are frequent and that to believe otherwise is unrealistic, however, regulator reports show that more than 90 percent of payday advances are repaid when due. Payday advances play a necessary role, providing hard-working people with a reasonable, well-regulated option for meeting unexpected or unbudgeted expenses and other short-term financial needs. Customers do have alternatives and these are important when it comes to making financial decisions. Payday loans are one of these options. When facing an unexpected expense between paydays and have to pay a bill today, customers look at their choices and make a reasonable choice. Customers tell us that they use payday loans to avoid other fees that are far more expensive (i.e. credit card late fees, non-sufficient fund fees, overdraft protection).

To say that payday lenders strive to get customers to continuously roll their loans over is invalid. Under Community Financial Services Association of America’s Best Practices, any customer who cannot repay their loan when due has the option of entering into an extended payment plan, allowing them to repay the loan over a period of additional weeks. This option is provided to customers for any reason and at no additional cost.

You claim that rollovers are frequent and that to believe otherwise is unrealistic, however, regulator reports show that more than 90 percent of payday advances are repaid when due.

Payday advances play a necessary role, providing hard-working people with a reasonable, well-regulated option for meeting unexpected or unbudgeted expenses and other short-term financial needs.

]]> Comment on Cut through the confusion and vote ‘yes’ on Issue 5 by Karen http://credit-repair-college.com/news/personal-loans/cut-through-the-confusion-and-vote-yes-on-issue-5/#comment-42 Karen Wed, 10 Sep 2008 14:08:41 +0000 http://credit-repair-college.com/news/?p=119#comment-42 I'm thankful that the Plain Dealer and other newspapers are trying to help voters avoid confusion on election day. The payday lenders have worked very hard to blur the distinction between voting yes and voting no. To vote for lower interest rates and to end predatory lending, you need to vote YES. If you want to keep 391% interest rates, vote NO. I'm going to vote yes to help the hundreds of thousands of Ohioans that are caught in a cycle of debt! The YES folks have a website: http://www.yesonissue5.com I’m thankful that the Plain Dealer and other newspapers are trying to help voters avoid confusion on election day. The payday lenders have worked very hard to blur the distinction between voting yes and voting no. To vote for lower interest rates and to end predatory lending, you need to vote YES. If you want to keep 391% interest rates, vote NO. I’m going to vote yes to help the hundreds of thousands of Ohioans that are caught in a cycle of debt! The YES folks have a website: http://www.yesonissue5.com

]]> Comment on Knowing the Payday Trap and How to Get Out of Payday Loan Debt by John http://credit-repair-college.com/news/personal-loans/knowing-the-payday-trap-and-how-to-get-out-of-payday-loan-debt/#comment-39 John Tue, 09 Sep 2008 20:03:01 +0000 http://credit-repair-college.com/news/?p=155#comment-39 You don't need a debt consolidation service, and beware there are many of these service out there that are not reputable, and just take your money. Best advice is to go to the lender and work something out directly with them yourself. Most payday lenders have extended payment plans available, just ask for details. Also, if the payday lender does not want to work with you, then pay your bank to stop payment on the check and then see if the will work with you. They can not put you in jail and it is not enough to sue you over. You don’t need a debt consolidation service, and beware there are many of these service out there that are not reputable, and just take your money. Best advice is to go to the lender and work something out directly with them yourself. Most payday lenders have extended payment plans available, just ask for details. Also, if the payday lender does not want to work with you, then pay your bank to stop payment on the check and then see if the will work with you. They can not put you in jail and it is not enough to sue you over.

]]> Comment on Knowing the Payday Trap and How to Get Out of Payday Loan Debt by How to Get Out of Payday Loan Debt | Profacere Blog http://credit-repair-college.com/news/personal-loans/knowing-the-payday-trap-and-how-to-get-out-of-payday-loan-debt/#comment-19 How to Get Out of Payday Loan Debt | Profacere Blog Mon, 08 Sep 2008 12:12:57 +0000 http://credit-repair-college.com/news/?p=155#comment-19 [...] payday lender might offer you flexibility over the payment terms by allowing you a maximum of two one-month [...] [...] payday lender might offer you flexibility over the payment terms by allowing you a maximum of two one-month [...]

]]> Comment on Credit repair is a DIY project by Correcting errors on your record is a task best done on your own — with occasional help from reputable sources « repair your credit right http://credit-repair-college.com/news/fico-credit-score/credit-repair-is-a-diy-project/#comment-16 Correcting errors on your record is a task best done on your own — with occasional help from reputable sources « repair your credit right Sun, 07 Sep 2008 19:12:54 +0000 http://credit-repair-college.com/news/?p=153#comment-16 [...] credit bureaus investigate disputed records electronically, and often the system fails to detect mistakes when they have [...] [...] credit bureaus investigate disputed records electronically, and often the system fails to detect mistakes when they have [...]

]]> Comment on AG’s time to review petitions upheld by York http://credit-repair-college.com/news/personal-loans/ags-time-to-review-petitions-upheld/#comment-8 York Sat, 06 Sep 2008 19:35:56 +0000 http://credit-repair-college.com/news/?p=139#comment-8 The payday lenders have tried just about everything to continue charging 391% interest. So far, it's just not working. They've filed several frivolous lawsuits, spent millions on commercials and lied to Ohio voters to their faces. Something tells me they ought to just try offering a product that is both effective and fair, rather than their predatory and trap dependent payday loans at 391% interest! It would save them and Ohioans a lot of time, energy and money! Vote yes on issue 5! The payday lenders have tried just about everything to continue charging 391% interest. So far, it’s just not working. They’ve filed several frivolous lawsuits, spent millions on commercials and lied to Ohio voters to their faces. Something tells me they ought to just try offering a product that is both effective and fair, rather than their predatory and trap dependent payday loans at 391% interest! It would save them and Ohioans a lot of time, energy and money!

Vote yes on issue 5!

]]> Comment on Business ‘booming’ for repossession industry as owners default on car-loan payments by Business is brisk for auto repossession companies | Profacere Blog http://credit-repair-college.com/news/auto-loan/business-booming-for-repossession-industry-as-owners-default-on-car-loan-payments/#comment-4 Business is brisk for auto repossession companies | Profacere Blog Wed, 03 Sep 2008 17:21:05 +0000 http://credit-repair-college.com/news/?p=131#comment-4 [...] companies throughout the Inland area and nationwide that recover vehicles for lienholders after buyers default on their loans, industry officials [...] [...] companies throughout the Inland area and nationwide that recover vehicles for lienholders after buyers default on their loans, industry officials [...]

]]> Comment on Expert offers the 411 on FICO scores by breaking down the mysteries of the FICO score « Good Credit Score News http://credit-repair-college.com/news/fico-credit-score/expert-offers-the-411-on-fico-scores/#comment-3 breaking down the mysteries of the FICO score « Good Credit Score News Sat, 30 Aug 2008 17:14:37 +0000 http://credit-repair-college.com/news/?p=64#comment-3 [...] Q Let’s do the basics first: What is a FICO score? [...] [...] Q Let’s do the basics first: What is a FICO score? [...]

]]> Comment on What Is a Credit Score by tips on how to improve your credit score « credit score news aggregator http://credit-repair-college.com/news/fico-credit-score/what-is-a-credit-score/#comment-2 tips on how to improve your credit score « credit score news aggregator Sat, 30 Aug 2008 17:06:32 +0000 http://credit-repair-college.com/news/?p=70#comment-2 [...] purpose of this guide is to acquaint you with the basics of scoring, offer tips on how to improve your credit score, and give you additional resources for further [...] [...] purpose of this guide is to acquaint you with the basics of scoring, offer tips on how to improve your credit score, and give you additional resources for further [...]

]]>