FTC Says Payday Loans Can Be Costly

Payday loans are small, short-term loans that come with a very high cost. High interest rates and fees combined with very short terms can make payday loans very difficult to repay. According to the FTC, there may be better alternatives that you should consider before taking out a payday loan.

Co-Signing a Loan

What do you do if a friend or relative asks you to co-sign a loan? Before you say yes, think about the obligations involved and how they may affect your own finances and creditworthiness.

FTC Facts: Knee Deep In Debt?

If you or someone you know is in financial hot water, consider these options: realistic budgeting, credit counseling from a reputable organization, debt consolidation, or bankruptcy. Debt settlement is yet another option. How do you know which will work best for you? It depends on your level of debt, your level of discipline, and your prospects for the future