Are Buyers Buying More Expensive Cars with Longer Loan Terms?
Is this another financial bubble? When people think of auto loans, they generally think 36 or 48 month loans. However, there is...
Is There Finally Good News for Foreclosed & Underwater Californians?
I have exciting news to share that has been largely unreported! New laws in California have greatly expanded the rights of...
Medical Patients Mired in Costly Credit Cards From Doctors
American health care is forging a lucrative alliance with American finance. Many doctors, dentists, hearing aid centers, and pain...
Debt Collector Hit for $1 Million in Penalties!
A debt collector has reached a deal with the Federal Trade Commission to pay $1 million in penalties. Debt collection companies...
Bill Me Later? Be Careful
Have you ever shopped online and seen the option "Bill Me Later?" This could be a mechanism to avoid state a federal lending laws...
What Gets Paid First?
Transunion examined late-payment rates between 2009 and 2012, and found that consumers were more likely to make timely payments on...
Are USA Students Looking Abroad to Avoid Student Loans?
Soaring American costs of a higher education are causing many student to look abroad to obtain comparable educations. In 2011...
FICO Predicts Rise in Credit Card Debt
According to FICO, 46% of bankers expect consumers want more additional credit line increases on their credit cards, with only 8%...
Consumer Debt Bursts Through Debt Ceiling!
As Washington D.C. struggles with our nation's debt, businesses and consumers are also taking on record amounts of private debt....
What Are the Credit Card Debt Tricks of the Trade?
According to debt.org, 160 million Americans have credit cards. The average card holder has at least three credit cards, and on...
Consumer Delinquencies Rise
A report by the American Bankers Association showed that U.S. consumer delinquencies rose in a range of categories in the second...
Wells Fargo to Release Credit Cards That Reduce Consumer Debt
From the desk of Costa Mesa Lead Attorney James Liu: Since 2007, Wells Fargo has carried the Home Rebate Card, which offers a 1%...