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The Equal Credit Opportunity Act (ECOA)

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What is the Equal Credit Opportunity Act? Part II

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The Equal Credit Opportunity Act (EPA) is the federal legislation that sets the rules under which lenders can make loans to people, families, or groups. Often people use credit to cover a mortgage or a vehicle, an education or home improvement project, a necessary remodeling project, a new car or boat, or for business funding. …

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What Is Predatory Lending?

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What is Predatory Lending? You may have heard of the words; “predatory lending”, but you really don’t know what it means. Predatory lending refers to fraudulent lending practices conducted on a mortgage loan origination occasion which are illegal, deceptive, unfair, or simply unethical. You can’t call it predatory lending if the lender is just looking …

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What Does Underbanked Mean? – How Can It Affect You?

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What does underbanked mean? It is a strange term, if you ask me. In my opinion, it means very little. If you have poor credit ratings, then it may be hard for you to get a loan from any lender. Lenders are afraid that if you default on a loan that you might end up …

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Facebook Moderator Job

How to become a Facebook moderator

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Learn more about the Facebook moderator job in short order. People want to make the most out of the project, as is described. The role can be fulfilling for anyone with a little spare time on their hands. But be ready for some work and make the project a long term success as well. Think …

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What Does “Unbanked” Mean?

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What is Unbanked? For many years, this was the question that many consumers had to answer when they were looking for financial services. Today, the definition of Unbanked has changed. Unbanked means people who don’t have a checking account and most likely do not even have a savings account. They usually depend on other financial …

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