You may have been seeing a bunch of purple ads for something called Ally Bank recently. Actually, this “new” bank used to be GMAC Bank. But besides a cosmetic name change, they have revamped the website and tweaked their product offerings. Their pitch: “No minimum deposits. No ...

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I was deluged with e-mails from many credit card users who were incensed at my recent column. Read more about New Credit Card Terms Cause New Disputes...

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Chris M. sent me e-mail last week to share some thoughts on rewards checking and on credit unions. I’m a fan of both. In his message, Chris offered a handy tip for those of us who use credit unions instead of banks: In reviewing your past posts, I realized that you might not know about something ...

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Borrowers looking for secured personal loans may have to do some ground work in order to find the loan that is right for them. Lenders who are trying lend applicants secured personal loans are not being very reasonable with their interest rates and it is discouraging borrowers from even applying. Secured personal loans will use ...

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Unsecured loans are always based solely on the borrower's financial strength, without pledging of your assets (collateral); while secured loans, also based on financial strength, require pledging assets as a collateral for the loan. Secured loans are the really a common method used by third party financing sources. Unsecured loans are considered a very high-risk ...

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