Regulation of the payday loan industry began as a way to control the lending practice of attaching skyrocketed fees and interest to the short-term loans. The states went through legislation to control that amount. Specific statutes now cap fees and interest in thirty-eight states. These caps refer to how much money can be loaned, what the fees are for this loan, and...

Many people pride themselves on making good financial decisions. Whether or not your intentions were good or bad, mistakes and shortcomings do happen. For a large percentage of people, it is hard to control unexpected costs all the time. There are those times that extra money is needed to support a working budget, and without a savings account, people will need to...

The elderly and their debt is a growing concern for many caregivers. They are feeling the urgency to have the problem solved to shed any possible responsibility for the money owed. These caregivers will not be responsible for the debt unless they were cosigners somewhere on any of it, but the morality involved in wanting to get it paid back is powerful for many....

For those who are uninsured or under insured, it is difficult to steer away from medical debt when a family member’s health demands medical assistance. It is an everyday occurrence in our nation to have medical debt overloads someone’s finances. Know what options are available to you and make one work before the debt goes to collections. For starters,...

Carrying too much debt will eventually create additional problems. You may be keeping up with payments right now, but as soon as there is an emergency cost which demands already targeted money, you will be looking for new ways to take care of it. Evaluate your debt. How many credit cards do you have open with balances at max? How many of these cards only get the...

College students will now have easier access to their financial aid through debit cards or pre-paid cards. The colleges are teaming up with banks to lower their costs for distributing financial aid money to college students. In doing so, the college students are wasting their financial aid paying an assortment fees. There is aggressive marketing being done to...