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Follow Friday: Weekly Web Roundup (6/3/11)

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A common thread in this week’s Follow Friday Weekly Web Roundup— and in the financial product industry as a whole— is “borrower beware.” Building credit and having a nice cash flow for the finer things in life are fantastic achievements, but in order to get there we caution everyone to be certain of what you’re getting in to before you get in to it. As always, if you enjoy any of our favorite bloggers, we encourage you to follow them on Twitter for regular updates. And don’t forget to follow Credit.com at @CreditExperts.

Credit Unions Offer Payday Loans
Now that big banks have been demonized and corner check-cashing places are synonymous for making bad quickie loans, many think that credit unions are the Goldie Locks of payday loans. This one’s juuuust right! Well, it turns out that sometimes the credit unions are playing the same predatory game as the rest of them. @MSN_Money

What Your Credit Card Won’t Let You Buy
Now that Amex won’t allow its users to purchase pornography or medical marijuana with its credit cards some are asking if it’s risk or morality that’s guiding card issuers to prohibit certain purchases. You be the judge. @SmartMoney

Don’t Get Trapped in an ARM
With a 75% jump in adjustable-rate mortgages last year, signs show folks are more willing to save now and roll the dice later. This can be a good route for some, but most should take some serious consideration before opting for these types of loans. @CNNMoney

Personal Finance 101 – Your Benefit Package at Work: Health Insurance
New hires should remember that the value of a job’s compensation isn’t only the salary, but the total package with benefits. There are some tips to consider when gauging if the health care being offered works for you and your family and how it should compare with how much you get paid. @oXYgenFinancial

Debt Relief Scams Shut Down by FTC
No matter the form, crime just doesn’t pay. After selling consumers bogus debt-relief plans through robo-calling, two operations were shut down. The defendants in the case were forced to pay up and relinquish property. It’s nice when the good guys win and you finally get to see karma in play. @walletpop

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  • http://www.YourSmartMoneyMoves.com oXYGen Financial

    Thanks for including the Personal Finance 101 post from our blog! You can find the complete weekly series on http://www.YourSmartMoneyMoves.com

    Thank you once again!
    Ted Jenkin
    Co-CEO of oXYGen Financial Inc.
    Editor In Chief at Your Smart Money Moves

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