Your credit is very important, if you want to borrow money – which you do every time you use a credit card — or to take out any kind of loan, to buy a house or a car. Bad credit can make it hard for you to get or keep a credit card, rent an apartment, get insurance, or even …
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‘Loanshark’ Lending Bill to be Heard in Committee
Podcast: Play in new window | Download (Duration: 1:50 — 4.2MB)Subscribe: RSS | MoreThe Indiana House Committee on Financial Institutions will consider a bill tomorrow, allowing for higher interest rates on payday loans. Senate Bill 613 would raise rates to levels that are currently considered felony loansharking. The Indiana State Senate narrowly passed SB 613, last month. It would enable …
Read More »Legislators Loosening ‘Loanshark’ Law
Podcast: Play in new window | Download (Duration: 2:43 — 2.6MB)Subscribe: RSS | MoreState lawmakers are changing the rules for lending practices. Senate Bill 613 passed through the state senate last night, the last day for bills to be brought up in the State Senate or the State House of Representatives. Current Indiana law limits lenders to a 36 percent …
Read More »Better Beware – Student Loan Ripoffs
Podcast: Play in new window | Download (Duration: 4:00 — 3.1MB)Subscribe: RSS | MoreThere are a lot of companies that promise “relief” from your Student Loan debt – and most of them are disgusting ripoffs. You can avoid them, and you can fight them – here’s how. Credits: Better Beware is Produced by Richard Fish, at Community Radio WFHB in …
Read More »CFPB Falters on Payday Lending Regulations
Podcast: Play in new window | Download (Duration: 3:31 — 2.3MB)Subscribe: RSS | MoreThe Consumer Financial Protection Bureau is trying to delay implementing its own rules, which would grant recipients of payday loans greater protections. The CFPB is looking to push the compliance date of the new rules back to August, 2019. The rules would require lenders to assess a …
Read More »Home Buyers Club Takes Place This Weekend To Educate New Home Owners
Podcast: Play in new window | Download (Duration: 2:02 — 1.9MB)Subscribe: RSS | MoreThe City of Bloomington’s Department of Housing and Neighborhood Development is hosting the Home Buyers Club, starting this weekend. The workshops will help first-time home buyers learn about the home buying process. “The Home Buyers Club is offered three or four times a year,” Assistant director of …
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