The difference between Banks and Credit Unions

Credit Unions are Different from other financial institutions. Here’s how. Credit unions differ from banks and other financial institutions in that those who have accounts in the credit union are its members and owners, and they elect their board of directors in a one-person-one-vote system regardless of their amount invested. Credit unions see themselves as different from mainstream banks, with a…


How to repay your equity loans

People may wonder how to repay their equity loans, since it appears to be a new start. However, equity loans are often secondary loans that a borrow wins to payoff the current balance of the home. Many lenders will offer equity loans extending the payments to “25-years” or longer in some instances. The lengthiest loans…


Putting an End to Abusive Car Loans

The Consumer Financial Protection Bureau needs to use its enforcement powers to end unfair and deceptive lending. More…


Research Pays When New Grads Buy a Car

College graduates have a lot to consider when buying their first car. More…


Auto Loan Terms, Leasing Reaching New Highs

Auto loan terms are getting longer and leasing is on the rise as car buyers seek lower monthly payments. More…


It’s Time to Pay for All That Knowledge

Here are tips for paying off student loans. More…


Navigating the Thickets of Financial Aid Counseling

Studies show that the required counseling given to incoming college students often is dense, confusing and completed at the busiest time of the year. More…


Many Home Equity Loans Are Facing a Reset Point

Many homeowners, having taken out home equity loans nearly a decade ago, are about to reach the moment where their loan payments jump significantly. More…


Loans for Cars and Tuition Push Borrowing to Record High

The Federal Reserve reported that consumer borrowing expanded $15.5 billion in February after a $10.8 billion gain in January. More…


Morning Agenda: Auto Loans to Minorities Under Scrutiny

Auto Loans to Minorities Under Scrutiny | Yoox to Buy Net-a-Porter | Regulators Keep Closer Eye on Bank Directors | S.E.C. Accuses Financier of Defrauding Investors More…