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Archive for 'interest rate'

Demand for High-Interest Payday Loans Soars in Minnesota

By Craig Kimmel on February 26th, 2013 | No Comments

Posted in: Debt Scams
Tags: , , , ,

Residents of Minnesota are turning to high-interest payday loans and other services outside the mainstream banking system, controversial enterprises that operate through a loophole to dodge state restrictions. The demand for these types of loans more than doubled in recent...

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Debtor’s Revolt: But at What Cost?

By Craig Kimmel on September 17th, 2009 | No Comments

Posted in: Credit Card Debt
Tags: , , , , , ,

Many may be familiar with the YouTube video posted by Ann Minch, a California woman that grew enraged after Bank of America raised her credit card’s interest rate to 30% after she had been a loyal customer for years. The...

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