Credit Card Solution

Richard Cordray, the newly appointed Executive Director of the newly created Consumer Financial Protection Bureau (CFPB), made tackling payday lending one of his first actions on the job. The CFPB, introduced as part of the Dodd-Frank Wall Street Reform and Consumer Protection Act, officially opened its doors this summer.

It made headlines last week when it took the first steps toward implementing federal oversight of the non-bank consumer lending industry.

Relief on the Way for Borrowers?

In the past, payday loans have drawn criticism from consumer advocates, who cite the loans’ astronomical interest rates and tendency to abound in poor and heavily minority communities as reasons the industry needs more regulation.

But the solution to the payday lending problem won’t be straightforward. Her

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Student loans are one of the many hotly debated issues of the month, with many in the Occupy Wall Street movement young students facing huge bills. A majority of students have to pay the growing tuition costs just to find an entry-level position in the already competitive job market. This means that they are going deeper in debt, with only some graduates landing a job that pays enough to cover their impending student loan bills. Luckily, this is an issue that is on the nations radar, with Barack Obama promising to identify new means of lowering tuition and student loan bills. A college student with a good credit score has a better chance of coming out of college unscathed, but there are also non-federal loan options and bad credit loan opportunities that students should explore.

It was recently reported that student loan debt is costing the US government $1,000,000,000!

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After you have searched for your alternatives to bankruptcy and you realized that this is the only choice you have to relieve the financial burdens from your shoulders. The next step is to go about repairing your credit after bankruptcy.

While it is not hard to bring your credit score back up after filing bankruptcy; the one thing that stays on your credit report is the fact that you filed bankruptcy. As a matter of fact it leaves a mark on your credit score for a period of seven years.

This automatically alerts any of the creditors that you did have to file bankrupt and affects your overall credit. It may take you a period of seven years to bring back your credit to where you were before you filed. However there are some things you can do right after filing that will help you come back.

Get A Copy Of Your Credit Report: The first thing you will want to check is where you stand after filing.

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In principle, most of us know the dangers of credit card debt. But in practice, avoiding all the spending traps that marketers lay for us can be an exhausting feat. Here’s a look at some strategies you can practice to avoid accumulating the kind of debt that can lead you to crippled finances and bankruptcy.

Marketers are good at what they do. That’s why we end up spending money on stuff, even though we know we were getting along just fine before we had it. And that’s also why so many of us end up adding to oru credit card debt when our intent was to do just the opposite.

Luckily, understanding some of the tricks marketers use can help you avoid spending money you don’t have on products you don’t need.

• Beware catchwords. We’ve all seen these phrases plastered on products: “space-age polymers,” “technical fibers,” “all-natural,” “new and improved,” etc. Marketers have trained us t

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