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Credit Downgrade May Mean Credit Card Fees Rise

Published by Don M. on August 11th, 2011

If you have been following the stock market or reading the news lately, you have seen the market falling and rebounding faster than a yo-yo. It seems like every night the market is closing 400 points down and rallying the next day. This is mainly due to the downgrade on treasury bonds from a AAA to a AA+. While the Feds have said that why will be keeping rates near zero, it is looking like many major credit cards will be raising interest rates because of the downgrade. We may be seeing an increase for bank loans, credit cards, and

Tags: US Government, credit cards, deficit, financial news, prepaid debit cards, spending, taxes, unemployment

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A Mom Sends Congress a Message by Plane

Published by Don M. on August 11th, 2011

There are many ways to express anger. You can write a tempered letter, boycott, protest, inundate an inbox. But none were quite as creative as a new attempt by a single mom in St. Louis. Lucy Nobbe thought up a slogan, called an airplane company and get her line on a banner. The airplane flew around Manhattan with the text of the banner screaming: “THANKS FOR THE DOWNGRADE. YOU SHOULD ALL BE FIRED.” Lucy Nobbe was the St. Louis mom who wrote up the banner and had it fly around Manhattan. A single mother of two and a broker, Lucy

Tags: calling cards, debt downgrade, financial news, phone cards, political news, prepaid calling cards

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New Federal Agency to Protect Consumer Finances Starts

Published by Administrator on July 22nd, 2011

Back on July 15, 2010 the U.S. Senate approved the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. The bill gave Congress the right to break up corrupt banks or financial institutions, stop bailing out troubled banks, and increase oversight of financial institutions. The law creates a new office called the Bureau of Consumer Financial Protection (CFPB) and it opened this week. The CFPB has the responsibility to “promote fairness and transparency to mortgages, credit cards, and other consumer financial products and services.” Essentially it is meant to be a watchdog agency protecting American citizens when it comes

Tags: consumer protection, financial services, government, spending

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Check City Lends a Hand at CARE Fair

Published by Administrator on July 19th, 2011

Staff from Check City were on hand volunteering at the annual CARE Fair being held last weekend in Salt Lake City. CARE Fair is a remarkable volunteer event that brings medical care, tests, screenings, and community assistance to families and individuals all across the state. The fair ran on Friday and Saturday July 15th and 16th from 10AM until 8PM. The Horizonte Instruction and Training Center which is located at 1234 S. Main St. in Salt Lake City will be temporarily home to Utah’s largest health clinic and home to more than 250 local medical volunteers and 50 community agencies.

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The Federal Debt Ceiling And How It Can Affect You

Published by Don M. on July 15th, 2011

If you have been following news headlines you have been probably seeing a lot of headlines about impending government shutdowns, the federal deficit, and debates in Congress over the debt ceiling. While the idea of a government shutdown can seem daunting and scary, it is relatively unlikely. But in case you haven’t been following the debates over the debt ceiling increase, we thought we would give you a rundown of what is happening in Congress and how the potential of no agreement could effect you. Every year, congress decides upon a ceiling for how much money the U.S. Treasury can

Tags: US Government, deficit, financial news, spending, taxes, unemployment

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South California Wants To Be 51st State

Published by Administrator on July 13th, 2011

In this week’s crazy news story, a Californian politician has renewed the movement to split California into two separate states. Riverside County Supervisor Jeff Stone is proposing that South California (including most of the Southern California except for Los Angeles) become its own state to address political and logistical issues. This proposal to split the state into two has been made more than 220 separate times and has failed each of those times. But despite the upward climb to secede from the state, Stone is committed to find a way for South California, a collection of 13 mostly conservative and

Tags: budget problems, crazy news, funny news, odd news

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Utah Homeless Man Found Will Receive Inheritance

Published by Melissa L on June 22nd, 2011

It sounds like it is straight out of a script of a blockbuster movie. A private investigator searches for a homeless man to give him the inheritance left by his brother. But last week it really happened. In Salt Lake, Max Melitzer has been homeless for a few years. A mellow and sweet man in his 60’s, Melitzer has been living on the street, in abandoned storage sheds, making his way back and forth from Ogden to Salt Lake. He had mailed his family in September, but had not had any contact with them for the last nine months. In

Tags: helping family, money transfers, receive money, send money, utah news

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Are Credit Unions A Better Option?

Published by Don M. on June 13th, 2011

All across the US, local credit unions are a trusted banking and loan option for customers. But since credit unions cannot operate with a motive for profit like traditional banks, some credit unions have made it a habit to keep cash flow steady by increasing payday loan fees for their customers. Last September marked a big change for credit unions who offer payday loans. The National Credit Union Administration raised the annual interest rate cap from 18% to 28% allowing credit unions to charge more for payday loans they offer. But some credit unions aren’t apparently satisfied with this increase.

Tags: APR, credit unions, myths about payday loans, payday loan rates, payday loans

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Being Paid Not To Go To College?

Published by Don M. on June 1st, 2011

That’s right. A San Francisco tech guru just paid two dozen college aged geniuses $100,000 not to go to college for the next two years. The catch? They spend those two years working on entrepreneurial projects they have developed in the technology field for that time. The kids, some of whom have turned down college educations at top notch schools like Princeton and Carnegie Melon, are working on a variety of projects, anything from mobile banking to new technologies for teaching children in schools to mining asteroids. Peter Thiel, the investor for the scholarship, made his millions as the co-founder

Tags: college, starting a business, working from home

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Some Funny but Smart Advice

Published by Tyler R. on January 6th, 2010

Here is some advice that is true and that you might even find a little funny. Don’t complain about gas prices, especially if you spend $4 on a cup of coffee everyday from Starbucks. Think about if you were buying a whole gallon of that stuff. When you are on the highway, don’t drive right up behind someone and flash your lights at them to try to get them to speed up or let you around. It will wear your headlights, and most people will just get annoyed and slow way down. When a person tells you that something will

Tags: advice, check city location

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The Cash Advance Pundit!

Archive for the ‘New Stores’ Category:

Credit Downgrade May Mean Credit Card Fees Rise

A Mom Sends Congress a Message by Plane

New Federal Agency to Protect Consumer Finances Starts

Check City Lends a Hand at CARE Fair

The Federal Debt Ceiling And How It Can Affect You

South California Wants To Be 51st State

Utah Homeless Man Found Will Receive Inheritance

Are Credit Unions A Better Option?

Being Paid Not To Go To College?

Some Funny but Smart Advice

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The Cash Advance Pundit!

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