Buying A Used Car
June 12, 2008
“I can’t wait to get my own car.”
Sound familiar? Before you start shopping for a used car with a teenager you know, do some homework. It may save you serious money. Consider driving habits, what the car will be used for, and your budget. Research models, options, costs, repair records, safety tests, and mileage through libraries, book stores, and web sites. Read more
Home Buying Consulting Business Penalized for Credit Repair Violations
June 6, 2008
Under a federal court order entered on May 29, a home-buying consulting business that offers credit repair and home-buying consulting services will pay $10,000 to settle Federal Trade Commission charges, including illegally charging an advance fee for credit repair and falsely claiming that it can remove negative information from consumers’ credit reports, even if the information is accurate and timely. Home Buyers Consulting Network, Inc. d/b/a Home Buyers Network, Good Credit Company, GoodCredit.com, and 0downhomebuyers.com, and Douglas Andersen Moore a/k/a Douglas A. Moore are barred from further violations of the Credit Repair Organizations Act and the FTC Act. Read more
For People on Debt Management Plans: A Must-Do List
May 29, 2008
Reputable credit counseling organizations employ counselors who are certified and trained in consumer credit, money and debt management, and budgeting. Those organizations that are nonprofit have a legal obligation to provide education and counseling. Read more
66 Ways to Save Money
May 11, 2008
From the Consumer Literacy Consortium, a working group of representatives from federal and state government agencies, consumer groups, business organizations, and educational institutions that seeks to develop and disseminate essential messages to inform and educate consumers. Read more
New Forum to Enlighten Consumers on Financial Issues
May 7, 2008
The current crisis that has been taking a serious toll on the U.S. economy and the international financial market has brought to the forefront a not too surprising reality – a vast portion of the American population is highly illiterate when it comes to dealing with personal financial matters. This financial illiteracy cuts across every stratum of society and has very little to do with individual intelligence or academics. There is a deficit in programs, efforts and intentional well directed activities to educate the American public on basic issues of money management, assets and liabilities, investments and savings, credit and debt management, home acquisition, home financing and home ownership. Read more
