Some Credit Cards Don’t Fall Under the CARD Act of 2009Not Every Card Is Covered by Landmark Federal Law
In 2009, Congress passed the CARD Act (officially known as the Credit Card Accountability Responsibility and Disclosure Act of 2009) to protect consumers against excessive interest rates, fees and miscellaneous charges. The act prohibits credit card issuers from initiating fee traps, excessive interest rate hikes on existing balances that create consumer default or retroactive late fees. It also mandates that issuers provides a written account of all rates, fees and charges in plain, simple language that is visible to consumers, as well as guards against excessive marketing of credit cards to young people and students.Read More
Don’t Get Scammed by a Bad Credit LoanLearn How to Distinguish Financial Predators From Legit Lenders and Loan Companies
Like many people these days, you may be trying hard to do the right thing and pay your bills, but find that you are struggling and your debt load keeps growing. You know that one missed payment will bring your house of cards crashing down and you don’t want that. In conjunction with this, perhaps you have noticed various offers for bad credit loans out there and thought to yourself, this could be a way out.
Be careful, though. In these economic times, financial predators are lurking around every corner and they want your hard-earned cash. The trick is learning how to distinguish scam operators from legitimate bad credit loan companies and lenders.Read More
5 Things That Can Prevent You From Owning a HomeYour Dreams Can Be Dashed by These Obstacles
If you’re in the market to buy a home, you’ve probably already started looking around, and you may have even found the home that you believe is the one you’re meant to buy. But what if some unforeseen surprises spring up, surprises that stop your home purchase deal in its tracks? What can possibly go wrong when trying to purchase a home? The following are five things that can possibly keep you from realizing your dream of home ownership:Read More
Negotiating With Creditors: Do It EffectivelyFollow Some Simple Tips to Achieve Top Results
Negotiating your debt on your own is possible, but there are some basic rules you should follow for best results and to minimize the chances of your getting disorganized or even confused and frustrated during the process. If you are ready to contact your creditors or any collection agencies currently holding accounts of yours, take a look at a few helpful tips first.Read More
Credit Card Scams and Gimmicks to AvoidBeware of Too-Good-to-Be-True Offers
With credit card issuers loosening their requirements for cardholders once again, consumers now have a number of choices available to them. At the same time, these issuers are offering a variety of gimmicky cards to attract people to their products. The problem is that many of these offers end up being scams, since with them you end up paying much more than you had envisioned. Before signing up for one of these special offers, make sure that you are aware of what it will cost you.Read More
Secrets to Saving MoneyThere Are Many Easy, Effective Ways for You to Cut Costs
If you are looking for ways to make your money go further, you are not alone. No matter how much money you make, it is always a good idea to do things as inexpensively as possible, as you never know what can happen in the future. Many successful people were completely caught off guard when the recent financial collapse occurred and want to avoid losing everything again. Thankfully, there are a number of easy and effective ways you can save money every month, and as long as you are committed to maintaining a budget, you can use these methods to build up a nice bit of security for yourself.Read More
Scam Alert: Scams of the Month for August 2013A Sampling of the Many Current Fraudulent Schemes to Watch Out for
Many consumers take care to avoid any information concerning scams because it makes them uneasy. This isn’t wise, though, because the more you know, the safer you’ll be when scammers try to pull one over on you. Find here some basic details on the latest scams for August 2013 — and there are many — and use this information to protect yourself.Read More
5 Easy Ways to Rebuild Your Credit After BankruptcyRestoring Your Financial Health Is Possible
After filing bankruptcy, one of your main concerns should be repairing your credit. For some consumers, a bankruptcy filing can lead to a sense of hopelessness that can be difficult to escape. Once you come up with a firm credit repair plan, however, you can confidently begin the road back towards financial health. And with this type of plan, you do not have to wait too long to begin applying for credit again provided you take the necessary steps.Read More
5 Ways to Protect Yourself From Online ScamsAvoid the Treacherous Traps Set by Internet Fraudsters
The Internet has brought the global marketplace right to our fingertips, making it easier than ever to purchase goods and services, do our personal banking, and donate money. Along with this technological convenience, however, also comes the dangers of getting scammed online. Providing unsecured websites with your personal information can put you at risk of being taken advantage of and having your money and even your identity stolen quickly and easily.
Before you provide your personal information online, you need to be very aware of the dangers of online scams and make sure that whatever site you are doing business with is reputable and can be verified. The following are five ways to protect yourself from online scams:Read More
Tips for Paying a Bad Credit Loan Off — on TimeOn-Schedule Repayment Is Critical for the Sake of Your Credit
In the current economic climate more and more people are being affected by growing debts. Many of these individuals are experiencing difficulty paying off these debts, and this unfortunately is making a bad situation worse, with penalties and fees only adding to the amount owed and consumers seeing their credit rating, which often is already somewhat low, take a hard hit.
For some people, a bad credit loan is among the debts they see piling up, and this is problematic. It is important to remember that the point of a bad credit loan ultimately is not only to provide you with much-needed money when you have poor credit and few other financial options, but also to help you improve your credit. Therefore, if you have taken out this type of loan, it is critical that you pay it off on time for your credit’s sake, as well to avoid any extra charges that may come with late payment. Thankfully, there are a few simple tips for paying a bad credit loan off in a timely fashion.Read More
Scam Alert: Jamaican Phone ScamBeware of Unexpected Calls From the Caribbean
With so many scammers around the world, it can be difficult to keep track of them all in an effort to avoid becoming their victim. Luckily, organizations such as the Better Business Bureau (BBB) are hard at work to provide everyone up-to-date information on the latest scams out there. As evidence of this, recently the BBB reported that the notorious, long-running Jamaican Phone Scam has changed a bit. Consumers need to know what to look for with this particular fraudulent scheme so they won’t end up falling prey to it.Read More
5 Ways to Save on Your MortgageHold Onto More of Your Money Over the Long Term
Buying real estate has always been one of the best ways to invest your money and build wealth and equity. However, along with home ownership frequently comes hefty mortgage payments that need to be made each and every month. A mortgage is often the biggest debt that a consumer will have in their lifetime. The good news is that there are ways to actually save money over the term of your mortgage. Here are five ways you can do just that:Read More
Identity Theft: How to Fix This, QuicklyYou Need to Act Fast If Your Personal Information Is Compromised
Identity theft can be emotionally and financially devastating, and it can take quite a bit of time to sort through everything once you are a victim of this crime. To prevent as much damage from happening as you can, there are steps you need to take immediately if you feel that your identity has been compromised. If you follow these steps as soon as you learn about what has occurred, this will make it easier to correct the situation and deal with your bank.Read More
How Much Will a Bad Credit Score Cost You?With Poor Credit, You Could End Up Paying for Your Past Mistakes
If you have bad credit, you have probably already noticed how difficult it makes it to acquire a loan from your average lender. Many lenders do not want anything to do with you unless your credit score reaches a certain level, and even then, you could end up paying high loan interest rates. The truth of the matter is that having bad credit can cost you hundreds of thousands of dollars in additional interest payments over the course of your life, which makes the effort it takes to improve your credit rating well worth it.Read More
Credit Inquiries: The Difference Between Hard and Soft InquiriesNot All Credit Checks Are Created Equal
Many consumers understand that if multiple inquiries about their credit are made to the major credit reporting bureaus, that can have a negative impact on their credit rating. What many people are not aware of, however, is the fact that there are different types of credit inquiries. One type is not likely to produce an ill effect in terms of lowering an individual’s credit score, while frequent inquiries of a different type could trigger a temporary decline in the credit rating.
Because of the potential impact that a credit inquiry can have on you, before you apply for any type of credit account, it pays for you to know whether the account issuer will initiate a hard or a soft credit inquiry.Read More
When Is the Right Time to Get a Mortgage Loan?There Are Many Things to Consider Before You Borrow
Applying for a mortgage loan is an important decision in a person’s life and is not something that should be taken lightly. Before you apply for a mortgage, make sure that you can afford the monthly payments. While your lender will look at your financial situation to help them decide whether or not they believe that you can afford a mortgage, only you know about your spending habits and the stability of your current job. Unless you are in a stable financial situation, you should wait before applying for a mortgage loan to avoid possible complications.Read More
Scam Alert: Bogus Medical Alert SystemsCon Artists Target the Elderly
They say that there is no honor among thieves, and a new scam making the rounds perfectly demonstrates this. It involves con artists utilizing deception, threats and intimidation tactics to persuade elderly individuals to purchase medical alert systems that they neither have requested nor want, all in an effort to bilk them out of untold amounts of money.
Recently, the Federal Trade Commission, with the help of a U.S district court, was able to shut down one specific criminal operation called Instant Response Systems that was practicing this scam, but other similar operations are undoubtedly still active.Read More
5 Things That Maintain a Good Credit ScorePreserving Your Credit Is Easier Than You Think
There are many things a consumer can do to help them maintain a good credit score. Here are five simple steps to keeping your credit in tip-top shape:
1. Know what a credit score entails.
Knowing how a credit score is calculated is key. Your credit score is calculated based on five different things: your loan and credit card payment history; your level of debt; your credit age, or how long you’ve had credit; the types of credit you have, which should be a mix of credit cards and loans; and recent credit. Knowing where you stand with regards to all five of those areas will help you understand how good or bad your credit score is.Read More
Why It’s Easier to Get a Car Loan With Bad CreditThere Are Lenders Who Will Help You Purchase Your Dream Automobile
Contrary to popular belief, getting a car loan is easy, and in some cases can be especially easy for people with bad credit. This type of loan allows consumers to pay their vehicle off in monthly installments instead of having to completely pay for it up front. For most people, a car loan is extremely welcome since paying cash to buy a new car is not a possibility.
With a car loan, the financing company or bank gives you the money to purchase a vehicle for personal use. The loan is secured against your new automobile. Car loans are also referred to as consumer loans or secured car loans.Read More
Steps to Getting a Home LoanObtain the Money You Need to Buy the House You Want
Buying a house is a major investment, and with the high cost of homes around the country, it usually represents a major outlay of money for a consumer. Therefore, it should come as no surprise that, according to recent statistics, nine out of 10 homebuyers finance their purchase with a mortgage loan.
If you are a prospective homebuyer and are considering applying for a mortgage loan, there are a number of things you need to know before you begin the application process. You can learn about them here.Read More
Phishing Scam Alert: Twitter Direct MessagesA New Method of Hijacking Your Personal Information
Social media website Twitter is everywhere these days and used by millions of people around the world. Now, in an effort to take advantage of this situation, online criminals have rolled out a new scam, which originates from what is designed to look like a legitimate Twitter account.
With this scam, consumers are generally contacted by email from a bogus Twitter account. The email subject line will say something like “Have you seen this picture of you?” The recipients are invited to click on a link to the image, and once they do that, they are usually taken to a website to “verify the authenticity of the picture.” That’s when the pain starts.Read More
Credit Bureaus: Understand How They Affect YouThese Agencies Can Profoundly Impact Your Financial Standing
Credit bureaus are agencies that research and collect consumers’ credit information. In the United States there are three primary credit reporting agencies: Experian, Equifax and TransUnion. Utilizing standard computations, these agencies collect information and tabulate it in a numerical equation that results in an individual’s credit score. It is important for you to understand not only what credit bureaus collect but also how these reporting agencies can personally impact you.Read More
Why It’s Important for Your Credit to Pay Back Your LoanRepaying What You Borrow Is Critical to Maintaining Your Credit Rating
Many reasons to apply for a loan exist, with the main one probably being that having this additional money simply allows you to make major purchases without saving up beforehand. Of course, loans eventually need to be paid back, and they generally come with predetermined repayment terms to which you must adhere. Failure to repay this money within the agreed-upon timeframe could lead to financial problems for you in the future. Therefore, it is vital that you work hard to stick to these repayment terms the next time that you take out a loan.Read More
Government-Job ScamsHow to Spot Schemes Offering to Help You Obtain Federal Positions
As a species, scammers are a nefarious lot. They prey on the unsuspecting and they deviously separate money from those in need. One of the latest schemes that scammers are engaging in involves them offering to assist job searchers in obtaining positions with federal government agencies such as the U.S. Postal Service.Read More
Why Bad Credit Doesn’t Mean You Can’t Get a LoanThere Are Options Out There for You
Although having bad credit is never seen as a positive thing, it does not mean that you will be denied every loan for which you apply. There are plenty of options for those with bad credit, as long as you know where to look. Before you get discouraged about the state of your credit rating, research these loan options and find out which types of lenders are more likely to grant you the money that you need.Read More
Consolidating Your Student LoansYou Can Lighten Your Debt Load After Graduation
Student loans are considered the next “bubble” the American economy will have to grapple with. As tuition costs continue to climb, the amount of debt that graduating postsecondary students carry is also booming. Recent graduates are emerging with an average loan debt of $27,000. With a difficult job market and heavy average debt load, it makes sense for graduates to consider student loan consolidation as an option. Consolidating student loans is not as simple as it seems, however, as there are rules governing the behavior of these loans.Read More
Five Ways to Show Your Valentine You Love Them — on a BudgetYou Don’t Have to Break the Bank to Have a Memorable Holiday
Valentine’s Day is a wonderful opportunity for you to express some heartfelt sentiment to that special someone. And fortunately, despite what some people may think, showing your Valentine love does not require you to bust your budget. Furthermore, not only is it possible to successfully celebrate the holiday without wreaking havoc on your finances, but the truly amazing memories that you can create without spending a lot of money can last a lifetime.Read More
Beyond Banks: Other Places Your Credit MattersA Good Credit Score Can Be the Key to Your Success in Many Arenas
Your credit score is a seemingly ethereal number that you likely only think of when you are considering acquiring a credit card or loan. Consumers rarely give much thought to their credit score beyond this sort of scenario. What many people do not understand, however, is how vital maintaining a good credit score is for overall financial health and who considers credit scores beyond financial companies. The fact is, there are many different entities that may look at your credit score, and having a good score can potentially save you quite a bit of money all around.Read More
How to Get a Personal Loan Despite Bad CreditPast Mistakes Don't Have to Keep You From Getting Cash Today
If you have any awareness of pirate movies then you know that being marked with the black spot is akin to a death sentence or, at the very least, leads to a really lonely time on a deserted island. Bad credit can work much like the aforementioned black mark when lenders and financial institutions, government agencies, and even mobile phone companies and landlords review and evaluate your credit.
If your credit is bleak at best and you find yourself in a dire situation where you absolutely have to have a personal loan, however, don’t worry. Hope is not completely lost and you have a few options.Read More
Winter Expenses: Getting a Quick Loan for the SeasonHelp Is Available for the Holidays
The holiday season can be extremely expensive, especially if you have a large family for which to buy presents. As a result, the holidays can be overwhelming for some people as they attempt to come up with enough money to pay for everything that they need. If you find yourself lacking the money needed to come through for your family, a loan to help you out with winter expenses might be your best option. Before applying for a loan, however, you should look at the various types of loans available to select the one that provides you with the most benefits.Read More
How Your Credit Score Is CalculatedKnowing the Process Can Help You Boost Your Credit Rating
These days, having a good credit score is key to gaining access to all kinds of things. Because of this, of course, it behooves you to do whatever you can to get your score up as high as possible. And learning exactly how a credit score is calculated is important if you want to know what you have to do to boost your score and open all sorts of new doors for you as a consumer.Read More
BadCreditLoans.com Supports The Kansas Council For Economic EducationBadCreditLoans.com, a leading installment loans website, is supporting the KCEE as a 2013 sponsor to help make financial literacy a priority in schools.
Posted: December 11, 2012 by
SEATTLE, WA (December 11, 2012) – BadCreditLoans.com, a leading installment loans website, announced today they would support the Kansas Council For Economic Education (KCEE) as a 2013 sponsor to help make financial literacy a priority in schools. The KCEE equips teachers to educate Kansas’ students in grades K-12 in economics and personal finance.
“We are pleased to sponsor the Kansas Council for Economic Education,” a BadCreditLoans.com spokesperson said. “Understanding how to use money wisely is extremely important. We hope our support helps the KCEE to empower students by providing the resources and education they need to be fiscally responsible.”
The KCEE strives to reach as many students as possible by training their teachers and providing all of the standards-based curriculum materials and lesson plans that are needed to teach personal finance and economics. They train teachers directly through workshops and webinars, as well as provide tuition assistance to enable certified Kansas teachers to take courses for graduate credit through their affiliated Centers for Economic Education. The KCEE is affiliated with all of Kansas’ six state universities and is hosted by the W. Frank Barton School of Business at Wichita State University.
The KCEE helps school districts in designing dedicated courses and incorporating economics and personal finance into the curricula starting in kindergarten by including the concepts in math, business, social studies, family and consumer sciences, and other subjects. Their vision is that, through economic and financial literacy, Kansas’ students will become more knowledgeable consumers, wiser savers and investors, more responsible citizens, and better employees. For more information, visit www.kcee.wichita.edu.
For media inquiries on BadCreditLoans.com please contact Kelsey McBride at firstname.lastname@example.org or 310-765-7500.
About Bad Credit Loans
Bad Credit Loans has been in the business of helping people since 1998. The website makes it easy for consumers to get the funds they are looking for from the convenience of their desktop computer or mobile device. Bad Credit Loans can connect you to the best lenders available no matter what type of loan you may need and regardless of your credit history. Many types of loans are available including personal, business, mortgage, home, student, and auto loans. For more information, visit http://www.badcreditloans.com/
Credit Diversity: How Much Does It Really Matter?Mixing It Up Can Have a Major Effect on Your Credit Rating
Credit diversity. What is it? Does it really matter? I know, you’re probably thinking, “Credit is credit … right?” The truth, however, is a little more complicated than that. There are actually many different types of credit, and in order to have a higher credit score and get lower interest rates on loans, you need to have a variety of forms of credit in your portfolio.
You hear some people warn against having too many lines of credit. While it’s true that being in this situation can be bad if you aren’t paying your various credit lines off or if you are making late payments (or not making payments at all), the fact is, having a few different types of credit can really help out your credit score in the long run, especially when you’re ready to purchase big-ticket items such as a new vehicle or a home.Read More
Small Budget Changes to Help You Organize Your FinancesThe Time Is Now to Take Control of Your Money!
It stands to reason that small changes in your lifestyle can lead to greater rewards. Think about the impact of a small gesture. Saying hello politely to someone can open the door to a healthier, happier day. Now, say hello to your finances in the same way and see what kind of happiness you can lovingly squeeze from your dollars!Read More
BadCreditLoans.com Sponsors Charity Golf Tournament To Benefit The Crisis Center Food BankBadCreditLoans.com participates as a Platinum Sponsor of the I-Envision Entrepreneurship 9th Annual Charity Golf Tournament benefitting The Crisis Center of Johnson County.
Posted: November 14, 2012 by
SEATTLE, WA (November 14, 2012) – BadCreditLoans.com, a leading installment loans website, announced today that they would participate as a Platinum Sponsor of the I-Envision Entrepreneurship 9th Annual Charity Golf Tournament. This year all donations and tournament proceeds will be used to support the efforts of The Crisis Center of Johnson County.
The Crisis Center, located in Iowa City, is a community-based organization that provides immediate support to individuals going through a crisis situation, such as problems with family or friends, lack of food, financial emergency, divorce, serious illness, roommate trouble, school-related stress, substance abuse struggles, or suicidal feelings. The Crisis Center provides support with services including a 24-hour crisis phone line, crisis chat online, food bank, emergency assistance, community programs, and disaster recovery. Proceeds from the tournament will benefit the Food Bank. Residents of Johnson County can receive grocery assistance once a week from The Crisis Center Food Bank, with no limit on the number of weekly visits per year. The Food Bank provides non-perishable items as well as produce, bakery, deli, dairy, and health and hygiene items as they are available through donations. To learn more, visit http://jccrisiscenter.org/
I-Envision Entrepreneurship will hold the tournament on Friday, April 26th 2013 at the Brown Deer Golf Club in Coralville, Iowa.
I-Envision Entrepreneurship provides a forum to facilitate the development of entrepreneurial innovation and creativity through the exchange of ideas, experiences and knowledge across all academic disciplines at The University of Iowa. Through networking, guest speakers, and workshops I-Envision works to promote entrepreneurship learning and activity.
Registration is $70 for University of Iowa students, $75 for faculty and staff, or $80 for general public, and includes a cart and meal. There will also be a silent auction and prizes. For more information, visit http://www.biz.uiowa.edu/ienvision/2013-i-envision-charity-golf-tournament/
“The Crisis Center has done great work in Johnson County over the years,” says Matt Becker, BadCreditLoans.com spokesperson. “We hope our donation will help in providing meals to people in need throughout the area.”
BadCreditLoans.com has made significant charitable contributions over the past year. For those unfamiliar with BadCreditLoans.com, they are one of the nations leading websites helping people who need emergency loans for unanticipated expenses. As BadCreditLoans.com name implies, the company specializes in providing loans to people with poor credit or even no credit at all. Many types of loans are available including personal, business, mortgage, home, student, and auto loans. Despite economically difficult times, BadCreditLoans.com strongly believes in supporting the efforts of organizations that are making a difference in the world and helping others. For more information about this company visit http://www.badcreditloans.com/
For media inquiries on BadCreditLoans.com please contact Kelsey McBride at email@example.com or 206-486-0496.
BadCreditLoans.com Sponsors Get Your Rear in Gear Seattle 5K Run/WalkSeattle-based BadCreditLoans.com sponsors Get Your Rear In Gear, a 5K on November 4, 2012 to generate greater awareness of colon cancer and provide screenings to those who might otherwise be unable to afford them.
Posted: October 9, 2012 by
SEATTLE, WA (October 9, 2012) – BadCreditLoans.com, a leading installment loans website, announced today they would sponsor the Colon Cancer Coalition’s Get Your Rear in Gear – Seattle, a 5K run/walk on November 4, 2012, to generate greater awareness of colon cancer and provide screenings to those who might otherwise be unable to afford them.
“Our hope is that this support will increase awareness of colon cancer in the local community, encourage individuals of all ages to get screened, and inspire others to support their local cancer prevention organization,” says BadCreditLoans.com spokesperson Matt Becker.
Colon and rectal cancer is the second leading cause of cancer deaths in the United States and the leading cause of cancer deaths among non-smokers.
“There are numerous ways individuals can get involved to make a difference in the fight against cancer. Whether it’s volunteering to give a cancer patient a ride to chemotherapy, making a donation, or getting involved with local events in your community,” added Matt Becker.
With nearly 40 nationwide races, the Colon Cancer Coalition has become a leading source for colon cancer education and awareness. They are working together with health care providers, corporations and the media, to encourage people to “Get Your Rear in Gear” and talk about colon cancer with their doctor, their loved ones and everyone they know.
Get Your Rear in Gear is bigger then just a message for colon cancer; it is a message for all of us to take action, lead longer healthier lives, go to the doctor regularly, to listen to our bodies when something isn’t right and to get the right answers, regardless of age.
The race takes place in Marymoor Park. For more information, visit http://getyourrearingear.com/Seattle
“Giving back to the local community has always been a big part of our companies mission,” says Matt Becker. “We make a conscious effort to consistently support charitable causes and nonprofit organizations.” Recently, BadCreditLoans.com also sponsored Lungevity’s Breathe Deep Seattle, One World Roller Derby, and Ginger’s Pet Rescue. To learn more, visit http://www.badcreditloans.com/
For media inquiries please contact Kelsey McBride at firstname.lastname@example.org or 206-486-0496.
About Bad Credit Loans
Bad Credit Loans has been in the business of helping people since 1998. The website makes it easy for consumers to get the funds they are looking for from the convenience of their desktop computer or mobile device. Bad Credit Loans can connect you to the best lenders available no matter what type of loan you may need and regardless of your credit history. For more information, visit http://www.badcreditloans.com/
About the Colon Cancer Coalition / Get Your Rear in Gear
Get Your Rear in Gear events are presented nationally by the Colon Cancer Coalition, a non-profit organization based in Minneapolis. The events are 100% volunteer-driven in communities throughout the United States. To date the Colon Cancer Coalition has distributed nearly $1.5 million from the Get Your Rear in Gear events back into local communities for colon cancer education, prevention, and screening. By making the words colon, colorectal and colonoscopy a part of the everyday language, we believe we can overcome the fear and decrease deaths from this largely preventable cancer. A history of the organization, upcoming events, and a list of programs receiving funding from the Colon Cancer Coalition can be found at GetYourRearInGear.com.Read More
Bad Credit Loans Proudly Supports Seattle CommunityIn an effort to support local organizations in Seattle, Bad Credit Loans helps with more than just loans.
Posted: October 2, 2012 by
Seattle-based BadCreditLoans.com, one of the leading companies in providing loans to consumers with poor credit, is actively involved in helping meet the needs of organizations in Seattle. Bad Credit Loans helps consumers obtain many different types of loans, including personal loans, auto loans and home loans, but the company is becoming well known for supporting charitable causes.
Bad Credit Loans has supported LUNGevity’s Breathe Deep Seattle, a 5k to raise funds for lung cancer research, and Ginger’s Pet Rescue, a nonprofit operation that specializes in saving dogs from being euthanized and finding new homes for them around western Washington. In addition, Bad Credit Loans made a donation to OneWorld Roller Derby and sponsored skater Susie Wu, also known as Wu’s Your Momma, on the Seattle Tsunami team. Most recently, Bad Credit Loans is sponsoring the Colon Cancer Coalition’s Get Your Rear In Gear, a 5k in Seattle to generate greater awareness of colon cancer and provide screenings to those who might otherwise be unable to afford them.
Bad Credit Loans helps people who are struggling in these tough economic times with loans for unanticipated urgent expenses by connecting them to the best lenders available so they can get the cash they need and get back on track quickly and responsibly.
“We’ll help you access funds to pay off past-due bills, fix the car, or take care of whatever is holding you back—today,” says Matt Becker, a company spokesperson. “At Bad Credit Loans we help customers with their financial needs, but we also strive to make a difference for the people in our community by giving back.”
About Bad Credit Loans
Bad Credit Loans connects consumers to the best lenders available regardless of credit history. Many types of loans are available including personal, business, mortgage, home, student, and auto loans. The application process is quick and convenient. Prospective borrowers can complete a brief application online and will generally be approved within minutes. At that point, they will be presented with a number of competitive loan offers from various local lenders who are part of the extensive BadCreditLoans.com network. There is no fee to use the service and no obligation to take a loan. For more information, visit http://www.badcreditloans.com/
For media inquiries please contact Kelsey McBride at email@example.com or 805.807.9027.
Bad Credit Loans Announces Launch of New ArticleReaders Can Now Learn About Fair Lending Practices Easily
Posted: October 1, 2012 by
In an effort to help consumers troubled by financial difficulties, Bad Credit Loans is introducing a new educational feature called “Policy on Responsible Lending” to its website. This feature explains in detail the governmental regulations and fair lending laws in place to protect would-be borrowers against predatory lenders, discussing laws such as the Dodd-Frank Wall Street Reform Act, the Truth in Lending Act and the Fair Debt Collection Practices Act.
“An educated consumer is a smart consumer,” says company spokesperson Rachel Lambert. “When borrowers learn what to expect from lenders, they are better equipped to review the contracts and offers received and make the best possible choice. We want consumers to feel secure about their decision to borrow money from our affiliated lenders, and keeping them informed is the best way for us to make sure that’s the case.”
Although Bad Credit Loans helps consumers acquire many different types of loans, including business loans, auto loans and home loans, the company perhaps is best known for connecting people with personal loans. These small, loans are easy to apply for because potential borrowers only need to meet a few eligibility requirements and don’t have to offer any collateral or present a credit score, and the application process can be completed without ever leaving home.
Applications are processed almost immediately upon receipt and consumers can be preapproved for a loan in just minutes. Bad Credit Loans’ website is 100 percent secure and any personal information that individuals submit during the application process remains private and protected at all times.
Once a consumer has been preapproved by Bad Credit Loans, they are then normally presented with a number of offers from different lenders and given the opportunity to compare rates and terms. The federal Truth in Lending Act requires that lenders provide all information about their rates and terms upfront. This means consumers never have to worry about unexpected charges later on. Even late fees are specified in advance, in case of loan default.
Consumers who agree to the terms can then sign the contract electronically and expect loan funds to be directly deposited into their bank account within no more than one business day. The lenders who work with Bad Credit Loans offer loans in amounts ranging from $100 to $1,000. Neither the company nor the lenders ever ask what borrowers are going to use their funds for, although most borrowers generally use the money to cover an emergency expense or pay off a late bill.
Military Ban on Payday Lending Can’t Stop Payday Website From Sponsoring 9/11 MemorialNew York Observer
Posted: September 11, 2012 by
Payday lending might be off-limits for military personnel, but it’s fine for New York City firefighters—at least, that’s the message a website that facilitates payday loans appeared to be sending when it sponsored a cobblestone at the National September 11 Memorial & Museum in downtown Manhattan.
Congress effectively outlawed payday lending to military personnel in 2007—capping interest rates that can be charged to active service members at 36 percent, and prohibiting loans to military borrowers secured with checks, electronic access to bank accounts, vehicle titles or allotment of military pay—after the Department of Defense reported that “predatory lending undermines military readiness, harms the morale of troops and their families, and adds to the cost of fielding an all volunteer fighting force.”
Nevertheless, BadCreditLoans.com, an online service that connects borrowers with payday lenders, sent out a press release yesterday touting its sponsorship of the museum with its purchase of a cobblestone honoring firefighter Pat Lyons of Squad 252, who lost his life while trying to rescue others during the terrorist attacks of September 11, 2001. “BadCreditLoans.com sponsored a cobblestone to honor our fallen heroes and their families,” the company said in the release. “No one will ever forget the events of that tragic day.”
According to the BadCreditLoans.com website, prospective borrowers complete an online form and, assuming they meet qualifications such as monthly income of at least $1,000 a month, receive loan offers from the website’s lender network. After a borrower provides an e-signature on a loan form, the loan amount is deposited directly into his checking account. On the date of the borrower’s next payday, the lender automatically withdraws principal, interest and fees.
“Any kind of payday lender is a bad payday lender,” Kathleen Day, a spokeswoman for the Center for Responsible Lending, told The Observer, noting that the high-interest loans often plunge borrowers into a vicious cycle, in which they take one payday loan to pay the last. “If it’s not a good product for active military and their families, why is it good for anybody else?”
Online payday lending can be particularly pernicious, according to the website of the Consumer Federation of America, because of higher costs, security concerns and the ease with which an onerous loan can be accepted.
“BadCreditLoans.com does not market or provide loans to military personnel,” Kelsey McBride, a spokeswoman for BadCreditLoans.com, said in an email to The Observer, adding that borrowers in many states can expect to pay annual percentage rates of between 391 to 521 percent on short-term loans. “However, we believe that it is unfortunate that congress [sic] has placed limits on short-term loans to military personnel. They deserve the right to decide what financial options best suit their needs.”
The National September 11 Memorial & Museum directed us to web pages containing information on the cobblestone sponsorship program, but declined to comment further. BadCreditLoans.com sponsored the cobblestone in the name of company owner Matt Becker, according to the museum’s website.Read More
BadCreditLoans.com Sponsors Cobblestone At 9/11 MemorialSeattle-based BadCreditLoans.com announced they would sponsor a cobblestone at the World Trade Center memorial in honor of the victims of 9/11 and their families.
Posted: September 10, 2012 by
BadCreditLoans.com, a leading installment loans website, announced today they would sponsor a cobblestone at the National September 11 Memorial & Museum in honor of the victims of 9/11 and their families.
The National September 11 Memorial & Museum, located at the World Trade Center site, commemorates the September 11 attacks of 2001 and the World Trade Center bombing of 1993. The cobblestone will be placed on the Memorial plaza.
With the donation, BadCreditLoans.com honored Pat Lyons. Pat Lyons, a member of squad 252, was one of the brave NYC Firefighters that lost their lives while saving others on September 11, 2001.
“BadCreditLoans.com sponsored a cobblestone to honor our fallen heroes and their families,” a company spokesperson said. “It’s been eleven years since the September 11 attacks. No one will ever forget the events of that tragic day.”
The sponsorship not only pays tribute to the victims of 9/11, but also helps to develop and sustain the National September 11 Memorial & Museum. The Memorial mission it to ‘recognize the endurance of those who survived, the courage of those who risked their lives to save others, and the compassion of all who supported us in our darkest hours.’ For more information, visit https://www.911memorial.org/.
BadCreditLoans.com helps people who need emergency loans for unanticipated expenses. As BadCreditLoans.com name implies, the company specializes in providing loans to people with poor credit or even no credit at all. Many types of loans are available including personal, business, mortgage, home, student, and auto loans. For more information, visit http://www.badcreditloans.com/.
For media inquiries please contact Kelsey McBride at firstname.lastname@example.org or 206-486-0496.
BadCreditLoans.com Announces Launch of New and Improved WebsiteBadCreditLoans.com has been busily redesigning and building its website in a continuing effort to provide consumers with the best user experience possible.
Posted: September 6, 2012 by
Seattle-based BadCreditLoans.com, a leading installment loans website, announced today that their new and improved website has officially launched after months of busily redesigning and building it in a continuing effort to provide consumers with the best user experience possible.
“We are happy to say that the updated site has now launched with some exciting new changes,” says Herbert Smith, spokesperson for Bad Credit Loans. “We have added a number of new features and plan to incorporate additional items in the upcoming months. Check out the site at www.badcreditloans.com and come back often, as we will constantly keep it updated with new and improved features. We want Bad Credit Loans to keep getting better and better!”
The latest improvements nicely supplement some major alterations that were made to the site just two months ago.
Bad Credit Loans has added an exceedingly useful new multipurpose feature called the Account Center. This feature is specifically for individuals who have already applied for a loan, and it allows them to take advantage of several unique benefits, including access to special customer offers and personalized messages, the ability to easily review and edit their personal data on file, and access to quick, helpful answers to the most common loan-related questions. The premier benefit of the Account Center, however, is that, whenever they need to, customers can reapply for another loan with the greatest of ease via the special abbreviated “QuickLoan” process. QuickLoan can enter all your saved personal information into your application for you. If your info hasn’t changed since your last loan, you can complete the form in seconds.
BadCreditLoans.com has also redesigned the homepage. Basically, they have added a few new pieces of helpful content, removed “a little around the edges” and made some minor aesthetic adjustments. They have created a maximally optimized homepage that represents a more attractive, streamlined and user-friendly introduction to their service.
Lastly, they have updated the “How It Works” informational article. This piece breaks down the information that is most important for prospective loan borrowers to know, such as how exactly the loan process works, and is structured in a way designed to make the material as quickly digestible as possible. Knowing that a well-placed graphic can always aid in the learning process, they have added in a nice, clean diagram of the loan process from application to disbursement of funds. This helps to make some already easy-to-understand information even clearer.
BadCreditLoans.com, founded in 1998, has gained a reputation for being one of the leading companies in providing previously underserved consumers across the country with access to fast, personal loans. For more information, visit http://www.badcreditloans.com.
For media inquiries please contact Kelsey McBride at email@example.com or 206-486-0496.
BadCreditLoans.com Sponsors OneWorld Roller Derby And Skater Susie WuSeattle-based BadCreditLoans.com, a leading installment loans website, sponsors OneWorld Roller Derby and skater Susie Wu on the Seattle Tsunami team.
Posted: August 31, 2012 by
Seattle, WA (August 30, 2012) – Seattle-based BadCreditLoans.com, a leading installment loans website that connects consumers to the best lenders available regardless of credit history, has just made a monetary donation to OneWorld Roller Derby and sponsored skater Susie Wu, also known as Wu’s Your Momma, on the Seattle Tsunami team.
OneWorld Roller Derby is part of the Old School Derby Association amateur division. They have four teams in Seattle – Bellevue Brawl, Bellevue Wretched Excess, Seattle Sonic Boom, and Seattle Tsunami.
OneWorld Roller Derby’s mission is to contribute to personal health and wellness for all participants by creating a safe environment to learn, increase self-confidence, realize potential, make social connections and experience overall growth through the sport of Roller Derby with an emphasis on sportsmanship, positive attitudes and athleticism.
“We are happy to be a supporter of OneWorld Roller Derby,” says Herbert Smith, spokesperson for Bad Credit Loans. “At Bad Credit Loans we strongly believe in giving back and supporting the local community.”
Bad Credit Loans also recently sponsored Breathe Deep Seattle, a 5k to raise funds for lung cancer research, and Ginger’s Pet Rescue, a nonprofit operation that specializes in saving dogs from being euthanized and finding new homes for them around western Washington.
Bad Credit Loans helps people who are struggling in these tough economic times with loans for unanticipated urgent expenses. As their name implies, the company specializes in providing loans to people with poor credit or even no credit at all. Many types of loans are available including personal, business, mortgage, home, student, and auto loans.
“In today’s world, it’s become all too easy to get trapped by finances,” says Herbert Smith. “Our company is committed to helping consumers weather a financial emergency by connecting them to the best lenders available so they can get the cash they need and get back on track quickly and responsibly. We’ll help you access funds to pay off past-due bills, fix the car, or take care of whatever is holding you back—today.”
On the Bad Credit Loans website borrowers complete a brief online application that requires them to simply input a few basic pieces of personal information and financial details. Generally, they will be approved just a few minutes after that, and will be presented with a number of competitive loan offers from various local lenders. Once they decide on a particular offer, they are guaranteed to get their loan funds — which will be directly deposited into their bank account — within no more than one business day. For more information, visit http://www.badcreditloans.com/
For media inquiries please contact Kelsey McBride at firstname.lastname@example.org or 805.807.9027.
Mortgage Loan Relief ScamsDon't Let Your Dream of Owning a Home Turn Into a Financial Nightmare
Posted: August 30, 2012 by
For many people, owning a home represents the ultimate achievement of the American Dream. And more often than not, this achievement is made possible with the help of a mortgage loan. This type of loan allows an individual to be able to purchase a home when they don’t have the cash on hand to cover the full price of the property.
As with any type of loan, however, with mortgages sometimes borrowers can get a bit in over their heads, and it’s when this happens that people start looking for mortgage relief. Businesses purveying this service generally offer to negotiate with mortgage lenders to modify loans and make them more affordable for borrowers, or take other steps to help people facing difficulties that could ultimately lead to them losing their home.
Although there are certainly legitimate mortgage relief providers out there, unfortunately there are also many mortgage relief scammers lurking about. These operators prey on desperate homeowners struggling to make mortgage payments or facing foreclosure, and they utilize a variety of tricky tactics to make them part with their money while delivering little or no relief in return.
One common and fairly straightforward scam involves the scammer acting as a phony counselor, telling you that if you pay them an upfront fee, they’ll work out a deal with your mortgage lender to reduce your payments or save your home. Once you’ve paid them, they stop returning your phone calls and take off with your money.
The “bait-and-switch” mortgage relief scam is also well established. Here, the scam artist will give you documents they say you need to sign to get another loan to make your mortgage current. Buried in the stack, however, is a document that effectively surrenders the title to your home to the scammer in exchange for a “rescue” loan.
To avoid fraudsters when you are seeking mortgage relief, there are a number of red flags to watch out for. Avoid any business that does any of the following:
- Guarantees that it will get you a loan modification or stop the foreclosure process — no matter what your circumstances are
- Tells you not to contact your lender, lawyer or housing counselor
- Asks for an upfront fee before providing you with any services (unless it’s a lawyer you’ve thoroughly checked out)
- Tells you to make your mortgage payments directly to it, rather than your lender
Even though valid mortgage relief services exist, to help limit the possibility of falling into a fraudster’s trap, the first thing you should actually do if you’re experiencing mortgage-related difficulties is simply contact your lender right away. You may be able to negotiate a new repayment schedule with them, or perhaps get a loan reinstatement or forbearance.
If you have already attempted to get help from a mortgage relief provider and believe you’ve been the victim of fraud, contact the Federal Trade Commission at FTC.gov or the Better Business Bureau at BBB.org.Read More
Building a Better SiteIntroducing the New and Improved Bad Credit Loans!
Posted: August 23, 2012 by
In our continuing effort to provide consumers with the best user experience possible, we here at Bad Credit Loans have recently been very busy building some exciting new changes into our website, and they’ve finally just been rolled out.
These latest improvements nicely supplement some major alterations we made to the site just two months ago, and truth be told, they may not be the last. The fact is, we want Bad Credit Loans to keep getting better and better!
First of all, we’ve added an exceedingly useful new multipurpose feature called the Account Center. This feature is specifically for individuals who have already applied for a loan, and it allows them to take advantage of several unique benefits, including these:
- Access to special customer offers and personalized messages
- The ability to easily review and edit their personal data on file
- Access to quick, helpful answers to the most common loan-related questions
The premier benefit of the Account Center, however, is that, whenever they need to, customers can reapply for another loan with the greatest of ease via the special abbreviated “QuickLoan” process.
QuickLoan can enter all your saved personal information into your application for you. If your info hasn’t changed since your last loan, you can complete the form in seconds!
The next change to point out will be the most obvious one to you if you’ve visited our site in the recent past, which is that we’ve redesigned our homepage. Basically, we’ve done the following:
- Added a few new pieces of helpful content
- Removed “a little around the edges”
- Made some minor aesthetic adjustments
In general, we’ve tried to create a maximally optimized homepage that represents a more attractive, streamlined and user-friendly introduction to our service.
“How It Works”
Finally, our “How It Works” informational article has gotten a little more interesting to look at. This piece breaks down the information that is most important for prospective loan borrowers to know, such as how exactly the loan process works, and is structured in a way designed to make the material as quickly digestible as possible.
Knowing that a well-placed graphic can always aid in the learning process, however, we’ve added in a nice, clean diagram of the loan process from application to disbursement of funds. This should help make some already easy-to-understand information even clearer.Read More
BadCreditLoans.com Sponsors 12th Annual Texas Potjie FestivalBadCreditLoans.com sponsors the Texas Potjie Festival, a celebration of South African culture in Rusk, TX from August 31 - September 3, 2012.
Posted: August 21, 2012 by
BadCreditLoans.com, a leading provider of installment loans, today announced its sponsorship of the Texas Potjie Festival, an annual South African potjiekos cooking festival from August 31 through September 3, 2012. This year the Texas Potjie Festival will take place at the KOA Campground in Rusk, TX.
BadCreditLoans.com connects consumers to the best lenders available regardless of credit history. Many types of loans are available including personal, business, mortgage, home, student, and auto loans.
The entire lending process conducted through BadCreditLoans.com, from application to loan disbursement, has been designed to be easy, quick and convenient. After completing a brief online application, prospective borrowers are presented with a number of competitive loan offers from various local lenders who are part of the extensive BadCreditLoans.com lender network.
Most people use BadCreditLoans.com to get money to deal with unexpected emergency expenses and urgent bills. Some of the most common uses for the funds include medical treatment, auto repairs, home repairs and taking care of outstanding debts.
Loans can be directly deposited into the borrowers bank account within no more than one business day. There is no fee to use the service and there is no obligation to take any loan that is approved. For more information, visit http://www.badcreditloans.com/
“We believe in the importance of giving back and are happy to contribute a donation to support the 12th annual Texas Potjie Festival,” says BadCreditLoans.com spokesperson Matt Becker.
South Africans from Texas and far beyond get together at the Potjie Festival for a weekend of camping and traditional South African cooking competitions using a potjie, a 3 legged cast-iron pot brought to Texas by South African immigrants, to celebrate South African heritage. The festival features foods such as boerewors, droerwors, biltong, and koeksusters.
On Saturday there are two competitions, the Boerewors competition and the Biltong competition. On Sunday competitions include a bread competition, dessert competition, the main potjie competition, and an open potjie competition. Prepared entries are submitted to a judging panel at a predetermined time for judging. The final competition category, a non-cooking category that also takes place on Sunday, is the cooksite competition. Contestants’ campsites are judged for things like traditional originality, effort, and spirit. A prize-giving for competitions is held on the Sunday evening.
During the weekend there are several other activities, including a “sokkie” (dance), cricket match and Afrikaans church service. For more information, visit http://texaspotjie.com/
For media inquiries please contact Kelsey McBride at email@example.com or 206-486-0496.
BadCreditLoans.com Proudly Sponsors LUNGevity’s Breathe Deep SeattleSeattle-based BadCreditLoans.com is a bronze sponsor of Breathe Deep Seattle, a 5K on August 11, 2012 to raise funds for lung cancer research.
Posted: August 15, 2012 by
Seattle, WA (August 7, 2012) – Seattle-based BadCreditLoans.com, a leading installment loans website that connects consumers to the best lenders available regardless of credit history, has just made a monetary donation to Breathe Deep Seattle, a 5K on August 11, 2012 in Lincoln Park to raise funds for lung cancer research. The donation will contribute to LUNGevity Foundation, the nation’s largest lung cancer-focused nonprofit, to raise awareness and funds for more effective treatments for the nation’s number one cancer killer.
LUNGevity Foundation supports research into the early detection and successful treatment of lung cancer. LUNGevity also provides information, resources and a supportive community that enhances the quality of life for patients and caregivers.
“We are pleased to provide support for lung cancer research through this contribution to Breathe Deep Seattle,” says BadCreditLoans.com spokesperson Matt Becker. “This donation aligns with our overall goal of continually giving back to the local community and helping charitable causes.”
BadCreditLoans.com helps people who are struggling in these tough economic times with emergency loans. As BadCreditLoans.com name implies, the company specializes in providing loans to people with poor credit or even no credit at all. Many types of loans are available including personal, business, mortgage, home, student, and auto loans.
Most payday loan borrowers use the money to deal with unexpected emergency expenses and urgent bills like medical treatment and auto or home repairs. Borrowers have flexibility to use the funds to meet a wide range of debts.
Bad Credit Loans helps borrowers get the funds they need from the convenience of their desktop computer or mobile device, making the process fast and hassle free. There is no fee to use the service and there is no obligation to take any loan that is approved. For more information, visit http://www.badcreditloans.com/
1 in 14 Americans is diagnosed with lung cancer in their lifetime. The mission of LUNGevity Foundation is to improve lung cancer survival rates, ensure a higher quality of life for lung cancer patients, and provide a community for those impacted by lung cancer. For more information on Breathe Deep Seattle, visit www.lungevity.org/seattle
For media inquiries please contact Kelsey McBride at firstname.lastname@example.org or 206-486-0496.
BadCreditLoans.com Donates Dollars to Help DogsContribution Aids Effort to Save Pets in Seattle
Posted: August 14, 2012 by
Seattle, WA (August 6, 2012) – Seattle-based BadCreditLoans.com, which has gained a reputation for being one of the leading companies in providing previously underserved consumers across the country with access to fast loans, has just made a generous monetary donation to Ginger’s Pet Rescue, a nonprofit operation that specializes in saving dogs which are due to be euthanized and finding new homes for them around western Washington. The donation represents just the latest effort by BadCreditLoans.com to devote financial resources to helping worthy charitable causes throughout the Seattle area.
“We at BadCreditLoans.com have a long history of giving back to the local community,” says BadCreditLoans.com spokesperson Mitch Phillips. “We firmly believe in the importance of contributing to organizations that are doing work which benefits society and helps change lives for the better. Ginger’s Pet Rescue is a perfect example of such an organization, and we are very pleased to be able to give it our financial support.”
As a website, BadCreditLoans.com has made it its mission to help as many consumers in need as it possibly can with quick cash advances, and as its name implies, it specializes in providing loans to people with poor credit or even no credit at all. Individuals interested in acquiring one of these bad credit loans do not have to present a credit score to the company at any time during the lending process. Additionally, they are not required to put up any collateral to get help, and they only have to meet a few basic requirements in order to be considered eligible for loan funds. Among these requirements are that they must be at least 18 years old, be either a U.S. citizen or legal resident, have a steady income of at least $1,000/month after taxes, and have a checking account in their name.
The entire lending process conducted through BadCreditLoans.com, from application to loan disbursement, has been designed to be easy, quick and convenient. To get the process started, prospective borrowers just need to take a few minutes to complete a brief online application that requires them to simply input a few basic pieces of personal information and financial details. Generally, they will be approved just a few minutes after that, and then they will presented with a number of competitive loan offers from various local lenders who are part of the extensive BadCreditLoans.com lender network. Once they decide on a particular offer, they are guaranteed to get their loan funds — which will be directly deposited into their bank account — within no more than one business day.
Although loan borrowers are able to utilize their funds for whatever purpose they choose, most use the money to deal with unexpected emergency expenses and urgent bills. Some of the most common uses for the funds include medical treatment, auto repairs, home repairs and taking care of outstanding debts.
For media inquiries please contact Kelsey McBride at email@example.com or 206-486-0496.
Wire Transfer ScamsWhere Are You Sending Your Money?
How nice is it to enjoy a little TV after a delicious dinner and a hard day’s work? Now imagine you receive an unexpected phone call during the commercial break. It’s from a number you don’t recognize, but you answer it anyway. Someone on the other end begins accusing you of reneging on debts, or tells you a sob story about someone in your family needing money immediately, or informs you that they can provide you with just the help you’ve been looking for if you’ll just provide a small processing fee.
Whatever the line may be, the result tends to be the same: You need to send us money right now if you want to be OK.
What would you do? For many unfortunate victims of wire transfer scams, they send the money. It’s difficult to deal with the sudden pressure, and often aggressive manner, of a surprise caller. You end up trying to solve the problem just to get out of trouble…when you should really ask yourself if the phone call itself is what’s wrong.Read More
Scam Alert: BBB Email ImpostersJust Because an Email Says It Is From a Reputable Source Does Not Make It True
The Better Business Bureau is one of he most trusted consumer groups in the country. When you are in doubt over the reputation of a company anywhere in America, they are one of the easiest places to find out the truth. Unfortunately, that same reputation has led to scam artists actually posing as the BBB.
According to the BBB alert, multiple complaints have been filed over emails sent to a variety of people, including even the BBB itself. These emails have been reported in two forms: one as a follow up to a complaint, the other as a request to update user information using an online form.
In both emails a link appearing to go to a BBB page. However, by hovering the cursor over the hypertext, the actual URL is not the BBB at all, but rather a site containing a virus.Read More
At Stake in the Show Me State: The Availability of Installment Loans?Proposed Missouri Small-Loan Lending Law Could Impact Individuals’ Access to Needed Assistance
Posted: August 2, 2012 by
Earlier this week, the Missouri Supreme Court issued a ruling paving the way for Missouri residents to be able to make a decision with their vote this coming November regarding the long-running issue of small consumer loans and the interest that can be charged on them in the state. This ruling came in response to a petition drive by a consumer finance activist group, which collected enough citizen signatures to qualify their initiative to be placed on the ballot for the fall election.
If voters go ahead and approve the initiative a few months from now, the result will be that the limit on the amount of interest that can be charged on small consumer loans such as cash advances and traditional installment loans will be capped at a fairly modest level. While this may not sound like a problem to the average consumer, the fact is, however, that it could lead to some decidedly negative consequences for Missourians looking for fast emergency financial assistance from a time-honored source.
Despite claims to the contrary by its proponents, it seems apparent that the initiative effectively targets all small-loan lenders, including traditional installment lenders. After all, it asks Missouri voters to limit rates on all types of small-dollar loans, making no distinction between the various forms of monetary help that fall under this category. Installment lenders, who have provided safe, affordable and exceedingly accessible loans throughout this country for over a century, would most likely be impacted more adversely than other lenders by the passage of the initiative, and a realistic scenario is that such an event could lead to the disappearance of traditional installment loans from Missouri altogether.
These already highly regulated loans are quite popular in the state — it is estimated that almost 200,000 Missourians regularly access them. Like other types of small-money loans such as cash advances, installment loans are utilized by people mainly to cover unexpected emergency expenses and urgent bills, but they offer their own unique benefit in that consumers can repay them gradually, in parts over a manageable period of time.
In the end, of course, the voters will have the ultimate say on whether or not the lending ballot measure should be given a thumbs-up. Hopefully, their final decision will not end up being a classic case of “throwing out the baby with the bathwater,” which if the election were held today and the initiative in its present form were approved, it would seemingly be, based on the details of the initiative that have been made available.Read More
Scam Alert: Phone, Loan and Wire Transfer Scam in IowaIowa Woman Nearly Scammed for Hundreds
On the border of Iowa and Illinois is the town of Muscatine. A woman in town recently reported a frightening experience in which she narrowly avoided being scammed for hundreds of dollars. Here is the story:
One morning in mid-July, April Garcia received a phone call from an unknown caller. The caller informed her that she was eligible to receive a payday loan of $3,300.
Garcia could not recall having ever applied for the loan.
According to the caller, it would be disbursed to her in monthly installments of $330 a month for the following 12 months.
All she needed to do was wire them $330 for “insurance.”
Garcia was strung along enough to actually wire money to the company. However, when she noticed that the money was being sent to an address in India, she realized she was being duped.
Luckily for Garcia, she had not yet informed the scammers that the money had been sent, allowing her to claim fraud on the transfer and have her money refunded.
Garcia’s case is a fortunate one; most people are unable to see the scam for what it is until it is already too late.
There are a few moments when an informed consumer in Garcia’s situation could have halted the scam before they could be victimized.
- The unsolicited phone call: If you are ever offered something over the phone without having opted in, you should be somewhat suspicious.
- Approval for a loan or offer that was never applied for: This should be an immediate red flag.
- Requiring you to wire money: Never wire funds to any party that you may not know.
In the event that you are contacted by a company similar to the one that contacted April Garcia, you should attempt to find out the name of the caller, who they work for, the address of the business, and any other contact information you can get. You can then relay this information to the Better Business Bureau, the Consumer Financial Protection Bureau and local law enforcement.Read More
New Report Highlights Popularity of Payday LoansConsumers Nationwide Are Availing Themselves of Fast Financial Help
Posted: July 26, 2012 by
It’s no mystery that plenty of people around the country use payday loans to help them get through tough times and deal with urgent financial emergencies. But just how many people are we really talking about? Furthermore, what kind of people are they? Are there any characteristics that can be pointed to as being ones they tend to have in common?
A recently released comprehensive report by the Pew Charitable Trusts dealing with payday lending in the U.S. includes results from a survey of over 33,000 payday loan borrowers. The findings of the survey along with other facts noted in the report are interesting to say the least, and they shed some light on who exactly is availing themselves of payday loan assistance.
First of all, the report reveals that a significant number of people throughout the nation are using payday loans. Approximately 12 million Americans use payday loans annually, and the survey found that 5.5 percent of all adults in the U.S. have used one of these loans in the past five years. The report also notes that those who borrow tend to be repeat customers, with individuals taking out an average of eight payday loans a year. And when they borrow money, they get amounts that are sufficient to help them with all sorts of situations, as the average loan amount taken out is $375.
The report also highlights the diversity of the borrower population. A majority of payday loan borrowers are in their prime earning years, between 25 and 44 years old, but people of all ages from 18 on up make use of quick payday loans. Also, individuals of varying incomes utilize the loans, with more high-income earners than some might expect. A sizable percentage of loan borrowers earning $50,000 or more per year particularly choose to take advantage of online loans. Finally, the report makes it clear that people from all educational backgrounds borrow loans, with those possessing a college degree being much more likely to borrow online than those without one.
Ultimately, the Pew document demonstrates that payday loans occupy a firm place in the American financial landscape. Moreover, they represent an attractive form of financial assistance to a wide range of people. And is this really that surprising? After all, almost everyone at some point in their lives finds that they could use a little bit of help to get through the rough spots, and payday loans provide that help quickly, conveniently and without hassle.Read More
Credit Bureaus Face Increased Governmental ScrutinyHow Will This Affect Your Ability to Acquire Bad Credit Loans?
Posted: July 20, 2012 by
These days, most everyone probably is familiar with credit bureaus and knows about the big three: Equifax, Experian and TransUnion. If you’ve ever tried to get a loan from a bank or credit union, ever attempted to acquire a credit card, or even just applied for a job recently, most likely you’ve had to submit to a thorough credit check conducted by one of the major credit reporting companies. These firms, whose job it is to basically collect all the financial details of people’s lives, are increasingly an ever-present part of modern life.
Earlier this week, the Consumer Financial Protection Bureau, a federal consumer watchdog agency established two years ago, announced that it is going to begin overseeing and supervising the largest credit bureaus this coming fall. One of the main reasons for the push to establish federal oversight over what has been a fairly unregulated industry seems to be that a sizable percentage of credit reports — the byproduct of credit checks — contain significant, injurious errors that can dramatically impede consumers’ ability to obtain various sorts of items.
On top of that, these errors, if they are even ever identified by the consumers whose credit reports are marked by them, are often extremely difficult to resolve and get corrected.
Undoubtedly, credit bureaus can serve a beneficial purpose for consumers. Through their activities, they can help individuals acquire important things that they need. That being said, however, the new regulatory stance in Washington, D.C., obviously represents a response to a real problem. The cold, hard truth is that credit bureaus can sometimes end up being more of a hindrance than help.
Which leads us to this point: Here at Bad Credit Loans, our lenders don’t require prospective borrowers to submit their credit scores and don’t look at their credit reports in determining their eligibility for our fast financial assistance. So while the aforementioned new development regarding credit bureaus may end up being a big boon to consumers in general, ultimately it won’t really affect those who are looking to us for quick cash. Doing away with stringent credit requirements is just one of many ways in which we try to make it easy for people to get the help they need, without any unnecessary barriers blocking their way.Read More
Loan Scam Alert: High-Pressure Phone CallsKeep Your Composure, Keep Your Cash
There have been a spate of reports recently concerning unsolicited phone calls from people claiming to be collecting on a debt. The scammers attempt to scare, pressure, and threaten their victims into making payments on debts they don’t owe or giving away confidential personal information, which can lead to identity theft.
Those contacted by the crooks have been told that they owe some debt that must be paid immediately. The high-pressure situation is made worse when the scammer threatens to “press charges” unless the money is wired quickly; i.e., before the victim can think over the situation.
It is a scary scenario to imagine: After finishing dinner, you ease into your sofa for a bit of television before bed when the phone rings. On the other end is a stranger using obscene language to inform you that you are about to be arrested for not paying back a loan you can’t even remember taking out.
What should you do?
First off: Relax. Getting stressed out and making fast decisions is exactly what scam artists want you to do. Get the contact information of the caller, including whom they work for and the exact details of the amount you are purported to owe. Tell them you will consult your records and call them back.
Next try checking their claims. This means consulting your records to ensure you don’t owe them any money from unpaid loans or whatever they are claiming. Next, do some research on the business they work for. Check BBB.org to see if there are any complaints about them. If it appears they aren’t a legitimate business or if they are trying to make you pay something you don’t owe, you should contact the Better Business Bureau, the Federal Trade Commission and local law enforcement.Read More
Debt Collection Scam Alert: Central Asset BureauBe Wary of Calls From This Company
A debt collection company based in San Antonio, Texas, has been causing trouble with numerous people in the state. Consumers have reported that they have received phone calls from representatives of the company who claim to be collecting on past debts.
In many cases the debt the company says is owed is nonexistent. However, that has not stopped Central Asset Bureau from phoning numerous family and friends, workplaces, and other contacts of consumers in order to smear their reputation through erroneous claims.
According to complainants, Central Asset Bureau has given fake addresses to its location and even refused to provide written documentation of the outstanding debts. Both of these actions are illegal under the Fair Debt Collection Practices Act.
The behavior of Central Asset Bureau is common in debt collection scams. The actions are all expressly prohibited by the FDCPA. If you are contacted by Central Asset Bureau, or any other debt collector, you should exercise your rights to ensure they are legitimate and legal.
You have a right, as protected by federal law, to:
- Receive written documentation of the exact debt owed.
- Receive valid contact information of the party to which your debt is owed
Furthermore, under the Fair Debt Collection Practices Act, debt collectors may not:
- Contact you before 8 a.m. or after 9 p.m. local time
- Continue to contact you after they receive written notice to stop
- Harass you through aggressive, abusive, or obscene language and false threats of lawsuits
- Reveal debt to anyone other than your spouse or attorney
If you feel that a debt collector has done any of these things, you should contact the Federal Trade Commission, Consumer Financial Protection Bureau, Better Business Bureau, and local authorities in order to file a complaint or even press charges.Read More
A Quick Lesson in How Bad Credit Loans Can Save You MoneyTaking Advantage of Their Versatility Is Easy
Posted: July 12, 2012 by
From time to time, we here at Bad Credit Loans like to remind consumers of the various ways in which the loans offered by our affiliated lenders can be put to use to help people get out of a financial bind and save money at the same time. It’s true, of course, that a bad credit loan can be just what the doctor ordered if you suddenly need a little extra cash in your pocket to pay for an emergency expense, but the possibilities offered by this type of financial assistance really go way beyond that.
For example, say you need to pay an urgent $100 utility bill that, if left unhandled, will result in not only an important service being shut off, but a hefty late penalty and reconnect fee as well. With this kind of bill, the penalties could easily pile up. And you would still have to endure the unpleasantness of going without electricity, gas or whatever the utility in question was.
If you don’t have the money on hand to pay the initial bill and you let it go, you’re in for an ordeal. Instead of waiting for this to happen, however, you can take out a small bad credit loan to cover the costs ahead of time. It will be easy to apply for, easy to get approved for, and quickly disbursed to you. Take out just what you need, pay your bill right away, keep important services in your home on, and save some cash to boot! The one-time lender fee attached to your loan will be a lot less than those painful penalties you’ve been threatened with.
Let’s look at another situation where you may want to get a bad credit loan. Say you buy a cup of coffee one morning with your debit card and unknowingly overdraw your bank account. Since a bank won’t stop you from overdrawing, you keep using the card for small purchases throughout the day: lunch, an afternoon snack, a few gallons of gas, etc. With overdraft fees as high as $35, you can end up $200 in debt before you even realize what’s happening.
Again, rather than dig a ridiculously deep financial hole for yourself, consider what we have to offer. Taking out a bad credit loan instead of risking overdrawing your account will end up costing you much less money. In addition, it will allow you to keep a good relationship going with your bank.
Beyond the aforementioned examples, bad credit loans are also perfect for paying off old, outstanding debts, and thereby helping to prevent your credit rating from ending up completely shot. And really, all this just represents the tip of the iceberg. The main thing to remember is that these loans are versatile and can be used to help you out in just about any type of scenario you can imagine.Read More
Learn How to Recognize Debt Collection ScamsDon't Let Criminals Trick You
Hopefully, you are not one of the thousands of Americans who have been victimized by scam artists posing at debt collectors. These criminals have been known to hound completely innocent people into giving away hundreds, or even thousands, of their hard-earned dollars. With just a few tips, though, you can spot a debt collection scam and protect yourself in the future.
A debt collection scam often occurs when a company, or an individual claiming to represent a company, contacts a person in order to collect on a debt that doesn’t exist. Through scare tactics, aggressive behavior, and confusion, victims are coerced into giving out money.
How would a criminal even find out about your information? Unfortunately, learning a person’s email, phone number, and even bank account or social security number may not be as difficult as you may think. That’s why, even if presented with this information by someone, you should not be willing to trust them.
Here are a few ways to find out if you are being contacted by an authentic debt collector or someone trying to rip you off:
The Federal Debt Collection Practices Act: This is a law meant to protect consumers from debt collection scam artists and legitimate debt collectors using illegal methods to collect on debts. It is because of this law that you will be able to quickly determine of a debt collector is real or not.
If you receive a phone call from someone attempting to collect on a debt:
- Require complete identification: Who they are, their company, their phone number and address. Try and contact them there and ask if the person you talked to works for them. Some scams may involve imposters posing as representatives of real companies. Others may say they work for a real-sounding company that doesn’t actually exist. If anyone refuses to give you this information, you can be sure they are not a real, law-abiding debt collector.
- Require your debts in writing: This is required by the FDCPA. If anyone refuses, they are not a real debt collector.
- Check the business on consumer advocacy sites: Most business can be found on the Better Business Bureau website. Try searching for them to find if there are any alerts currently attached to that business.
Will Pennsylvania Give the Green Light to Internet Payday Lending Again?Proposed Bill Could Change State’s Online Lending Law
Posted: July 5, 2012 by
We’ve had the pleasure of hearing back from some of our customers who have taken advantage of our loans, and the overarching theme present in their correspondence has been this: We helped these individuals when no one else would. With that in mind, we know how important it is that people have access to the unique form of aid that we provide.
In Pennsylvania, consumers don’t have such access, as Internet payday lending has been disallowed there since 2008. However, legislators there are currently debating whether or not to pass a bill that would allow online lending to take place in the state again. So far, the bill has made it through the state House of Representatives, and its next stop is the Senate.
When something important to consumers is banned, it has been documented in many cases that they will be forced to find what they need in any manner possible, even if this means using illicit forms of doing business.
Pennsylvanians without any way of solving their financial problems may have tried using shady online lenders to get the money they need. These lenders often operate outside of the country, and conducting business with them can lead to numerous unsafe situations for consumers, such as debt collection scams and identity theft. A bill allowing for regulated, reputable lenders would create a much safer marketplace for Pennsylvania consumers.
We’ve had many customers in Pennsylvania in the past, and our loans have been able to fill a real financial need there. This is because, in addition to the fact that the loans are available to all types of customers, taking one of these loans out is infinitely preferable to the alternatives. Whether it’s paying a bank overdraft fee for a bounced check, a late/reconnect fee on an unpaid utility bill, or some other pricey option, the alternatives just aren’t acceptable.
It’s difficult at this point to predict which way the decision in Pennsylvania will go. All we know is that when they are facing a financial crunch, people can always find relief with the helpful loan options that we provide. And when trying to manage their personal financial situations, having a variety of choices available instead of just a few is always a good thing for consumers.Read More
Donating Dollars to Help a Local CauseBad Credit Loans Gives Back to the Community
Posted: June 25, 2012 by
We at Bad Credit Loans have always believed in helping those in need. This not only means individuals who are facing financial emergencies, but also nonprofit organizations that are trying to make the world a better place. We’ve also always believed in the importance of giving back to the local community, which in our case is the greater Seattle area. Combining these two firmly held beliefs together, we make it a practice to monetarily contribute to worthy causes and groups doing good work in our beautiful city from time to time.
Our most recent donation was to a Seattle-based organization dealing with one of our favorite causes: animals. The nonprofit, Ginger’s Pet Rescue, focuses on saving abandoned, abused or lost dogs that are slated to be euthanized, and it does this by finding new homes for the animals — which it refers to as “Death Row Dogs” — throughout the western Washington area. It would be an understatement to say that they’ve had some success, as they’ve actually saved an amazing 5,000-plus pooches over the years! In addition to that, Ginger’s Pet Rescue has brought joy and newfound companionship to countless people.
We absolutely love what the good folks at Ginger’s are doing, and so we are extremely pleased to be able to provide them with our strong support. Of course, there are a multitude of wonderful nonprofit groups out there. Knowing this, Bad Credit Loans will continue whenever possible to assist those who are trying to benefit society through their work.Read More
Looking for a Summer Job? Be Careful!Job Scams Can Actually End With You Paying Them for Your Work
With high school and college finished for the year, many students are looking to make an extra buck during vacation. This can be a character, and wallet, building experience, but can also put young workers in a vulnerable position. Situations involving identity theft and the tricking people into paying money are all too common.
Employment scams can occur when jobs, like selling door-to-door for example, ask you for certain payments prior to you starting a job. This can be known as an “advance-fee scam.” While there may some costs for training and other materials, when confronted with this prospect, be sure that the company is reputable first. You can check on their standing with the Better Business Bureau or search the company name online to see if it is associated with any consumer complaints.
Since applying for a job involves divulging your personal information, such as your social security number, contact info, and even bank account numbers, identity theft can be a very real threat. Here are some questions to ask yourself before giving out your personal info that can help you identify illicit employers:
- Was this job offer unsolicited?
- Does it not require an application or interview?
- Is the employer refusing to give you details about their business?
If you answered “yes” to any of these questions, you should probably look elsewhere for a job.
Finally, here are a few more red flags: If you can’t find any references for a company’s reputation, if they want you invest in the business or buy costly equipment, if their contact info doesn’t seem quite right, and finally, if the offer is too good to be true. If the pay seems outlandish for the job offer, you should proceed with extreme caution.Read More
The Basics of Spotting a ScamKnow Your Rights
Posted: June 20, 2012 by
Especially in times of economic recession, scam artists are everywhere, plying their unsavory trade in an effort to take advantage of innocent people who are dealing with dire financial situations or credit issues and looking for quick solutions to their problems. These scammers often run their nefarious schemes over the phone or, increasingly these days, online. With their professional–sounding style, seemingly solid grasp of sophisticated financial terminology, and often-irresistible offers of loans (student loans, credit card loans, etc.) that can fit the bill for what you need at the time, they can be hard to pass up.
Don’t Be Fooled
However, despite the fact that the scammers can appear to be no different than the many perfectly legitimate entities loaning money to individuals these days, the fact is, they are completely criminal. Once they have lured you in and gotten their hands into your pockets, they can wreak absolute financial havoc.
There are a few telltale signs that you are dealing with a con artist:
- If someone contacts you with the promise of a loan and asks you to pay some type of advance fee before they deliver your funds.
- If someone contacting you informs you that you are guaranteed a loan without you needing to meet any requirements.
- If, as part of the lending process, you are asked to pay an individual, or someone who is not a registered lender in your state.
Knowledge Really Is Power
Scammers know how to get ahold of the names of individuals who are likely candidates for certain types of loans, and once they’ve made contact with those people, can be quite skilled at luring them in. Just being aware that scam artists exist can help prevent you from becoming one of their victims. Stay tuned to our regular scam reports to keep yourself informed and protected from these criminals.Read More
Hello to Our ReadersIt's a New Day!
As the inaugural post of our new blog: Welcome! We want to keep all the users of our site updated on the many goings on with our company. From exciting local events in and around our Seattle HQ to the latest on the payday lending industry nationwide, you can always expect to leave our blog a little more informed.
The big news today concerns the brand new redesign of our site. You can find all sorts of great features that have been added to help you get any bad credit loan you need. Our simple online form speeds up the process while our security features and network of lenders keeps you safe online. On top of that, the new design is not only aesthetically more pleasing, but helps make the loan process faster and more intuitive.Read More