Personal Finance
Cosigners Beware, and Borrowers, Too!
I can’t count how many questions I’ve received during my time in private practice about cosigned loans. In the last week alone, I’ve had five people in various situations ask me about the legal ramifications of cosigning a loan, for the loan itself, the cosigner, and the primary borrower.
This article from MSN Money points out [...]
The Tangled Web of Student Loans at Sallie Mae
Elaine Dowling at Consumer Law Updates has authored an eye-opening post on Sallie Mae and the impact of its capitalization policies. Briefly, it capitalizes interest on deferments - adding back in accrued interest so that you’re paying interest on a much higher balance. All well and good as far as it goes, but what about [...]
“But What Will the Neighbors Think?”: Why They (Most Likely) Will Never Know (Unless You Tell ‘Em)
My good friend and colleague from the other side of the Palmetto State (i.e., Greenville/Spartanburg), Dana Wilkinson, has penned a thoughtful piece on one of bankruptcy debtors’ biggest fears: who will find out about my bankruptcy?
The likely answer: Not many. Your creditors have to find out, of course. And some family members or your employer [...]
Citigroup Sees the Light on Anti-Consumer Credit Card Policies
Citigroup announced Friday that it was abandoning two practices widely felt to be the most antagonistic towards consumer card holders - the practice of universal default and its “anytime, any reason” rate increase policies.
Universal default is a particularly wicked little game the credit card companies began playing some time ago. Default, of course, is [...]
More Financial Fitness Tips to Keep You in the “Green”
MSNBC.com’s Laura T. Coffey provides ten tips to keep you from overspending this holiday season. And if you’re like me - last minute shoppers unite! - these tips are right on time.
Senate Dems Plan a Crackdown on Credit Card Practices
From the Consumer Law & Policy Blog (now blogrolled to the right here at the SC B&C Law Blog): a permitted reprint of CQ Today’s article on Senator Carl Levin’s plans to address aggressive credit card company policies.
Excerpt:
Levin took aim at what he described as unfair and confusing practices by credit card issuers, [...]
Spending Tips to Keep You in the Green This Holiday Season
Christmas, Hannukah and Kwanzaa are upon us, and with the season come the sounds near and dear to retailers’ hearts. No, not silver bells, or jolly Old St Nick’s laughter, but the merry sounds of the cash register and the credit card terminal spitting out receipts! While that might make for a very merry season [...]
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