Major Title Loan Lender TMX Finance Ordered to Pay $9M for Misleading Customers

Personal Loans

Major Title Loan Lender TMX Finance Ordered to Pay $9M for Misleading Customers

Major Title Loan Lender TMX Finance Ordered to Pay $9M for Misleading Customers

One of the nation’s largest title loan firms was fined $9 million for misleading consumers about their cost of borrowing, federal regulators said Monday. TMX Finance, the parent company of TitleMax, allegedly tricked borrowers into taking out longer-term, more expensive loans, and also used illegal debt collection tactics, according to the Consumer Financial Protection Bureau.... Read More

Should I Get a FHA Loan or Conventional Mortgage?

Mortgages

Should I Get a FHA Loan or Conventional Mortgage?

Should I Get a FHA Loan or Conventional Mortgage?

Federal Housing Administration loans and conventional loans remain the most popular financing types for today’s mortgage borrowers. But which program makes the most financial sense for you? Here’s how to decide. The Nuts & Bolts of FHA Loans FHA loans are insured by the Federal Housing Administration. The program contains two forms of mortgage insurance;... Read More

Can I Use One Loan to Pay Off Another?

Managing Debt

Can I Use One Loan to Pay Off Another?

Can I Use One Loan to Pay Off Another?

Many of us have been there. Just when debt payments seem to storm down on you in an insurmountable way, you receive an offer for a lower interest loan or credit card. Sometimes the offer comes with 0% interest for a certain period of time. Sometimes, the line of credit extended is enormous. At least... Read More

Should I Pay Extra on My Student Loans?

Students

Should I Pay Extra on My Student Loans?

Should I Pay Extra on My Student Loans?

When you start repaying a student loan, it’s a bit of a buzzkill to see a large chunk of money come out of your bank account. Month after month, you kiss that $350 goodbye (or whatever your regular payment is), trying not to think about everything else you could’ve used it for. Eventually, you get... Read More

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