Wednesday, March 19, 2014

Credit vs. Debit Cards: Which Do I Use?

When you reach into your wallet to pay for something, do you pause to ask yourself whether to use credit or debit? It’s an important question, and one that is often overlooked. Although the decision between a debit card and credit card is a personal one, there are times when one is more appropriate to use than the other. Debit or Credit? Best Uses for Credit Cards Credit cards are more heavily advertised and visible as a financial product...
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Tuesday, March 4, 2014

Avoid the Pitfalls of Predatory Lending Practices

If you are considering a loan of any type, you need to beware of certain questionable lending practices. The Federal Reserve Bank of New York has defined "predatory lending" as: A welfare-reducing provision of credit, where lenders profit by tempting consumers into over-borrowing and delinquency. There are several different types of predatory lending practices. Predatory Mortgage Lending Predatory mortgage lending involves...
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