Car Loan Settlements Can Be A Scam

Automobile / Car Loan Settlements – how the scam works Unfortunately this is a pretty nasty scam that can result in reposession and the tow truck driver can’t help you. Here is how the scam works. The finance company that finances your vehicle asks you specific questions to determine a target amount that makes you …

Protection From Online Banking Scams and Some Frightening Facts :: Financial Scams

Safe Online Banking and Phishing Scams A recent article from AARP says online banking may not be as secure as we need it to be. Design flaws—which include placing customer login fields and bank contact and security information on insecure pages, allowing the use of Social Security numbers or e-mail addresses as user IDs, and …

Job cuts hit hard in lending and mortgage industry

HSBC said it will also sell, shut or slim down retail operations in 39 markets, where operations are sub-scale and unprofitable and is looking to sell its U.S. credit card arm and shrink its network of 475 U.S. branches. HSBC’s move would be the latest in a wave of cuts announced by the global financial …

Deutsche Bank subprime trader leaves Deutsche Bank

Deutsche Bank is the investor for many of Saxon Mortgage’s loans. It has been said that Deutsche Bank does not allow modifications. With that in mind, here is an article about Deutsche Bank and subprime profits: NEW YORK, April 21 (Reuters) – Deutsche Bank (DBKGn.DE) has named the head of its European asset-backed securities trading …