Beware: Long List of Consumer Complaints Against FreeCreditreport.com

5 months ago I signed up for the "free" credit report. Little did I know that I would be charged 1.00 per month on aservicecalled "Your Savings Club" which they automatically sign you up. Also they charge you another 1.00 per month as well as 30.00 for "CREDITDIAGNOS". In addition it is your regular charge of 11.95 for "CIC*Credit Monitor". So because I didn't cancel in time, my "FREE" credit report cost me 214.75.

Justin of Lawndale, CA June 10, 2009

Freecreditreport.com requires you to enter yourinformationin BEFORE it discloses its terms and conditions. Upon reading all the terms and conditions I simply closed my web browser. I did not click on "agree" to terms and conditions and I did not click on either "no, just give me my free credit report" or "yes, I would like my 27 three credit reports" I simply closed the window.

Click here to read more.

Black relationships: Should He ditch the gold digger?

I am a widower. My wife of 46 years passed away a year and a half ago. I recently met and felt very attracted to a woman. My problem is that she is reluctant to open up to me even though we have a great time together. We live about 1,700 miles apart. She has this mind set that poor plus poor equals poor and yet she claims not to be a gold digger. She has been married twice to rich men and has traveled everywhere. Her longest marriage was with a man who she says wasn't affectionate with her. She has actually come right out and told me that I do not make enough for her style of living. Now I may be wrong but if both her marriages ended in divorce and she now has to scrape by while this "poor" guy with more money than she has at her disposal wants to be with her, would that not tip the scales in my direction? Or could it be she just does not want to be a three-time loser. This woman, whether she wants to admit it or not, has stolen my heart, and I have told her so. When I tell her I love her, she says thank you. We seldom talk on the phone though we were talking daily at first. I am at wits end, and I truly do not know what to do.

Click to read.

Technorati Tags: black celebrity gossip,black bloggers,black love,black relationships

Black News: Detroit Becoming a Hot Bed for Real Estate Purchases

NEW YORK (CNNMoney.com) -- As Detroit home prices in Detroit crash, sales are heating up. But with all of the plant closings and layoffs, who's buying? Investors -- some of whom are snapping up five and 10 houses at a time.

"I have investors from all over the country and the world," said Jeremy Burgess, co-founder of Urban Detroit Wholesalers, which buys undervalued homes to rehab and rent or to sell to other investors. "One Lithuanian woman just bought a second house."

"Most of the local investors are out of money," added Mike Shannon, who specializes in Detroit foreclosures and has clients from New Zealand, Australia, England and other places.

Recently a Californian purchased 178 properties, mostly one at a time, and most for under $10,000. Another has purchased six Detroit properties since September and hopes to begin buying five a month.

Click to read more on the African American Money Blog.

 

Technorati Tags: detroit,black money,african american money,black wealth,african american wealth

Black Money Expert Ryan Mack: Keeping Your Home

Black finance expert Ryan Mack brings us advice from a place of real heart to help hard-working Americans deal with the mortgage mess. With his warm brand of personal finance advice, Mack's strongest words to the community are: "If you are having problems paying your mortgage DO NOT WALK AWAY FROM YOUR HOME!" In part one of our two-part interview, learn more about how we got into this housing crisis, how it has affected the general economy and what you should do now to protect your home.
How did you become a finance expert? What inspired you to pursue this goal?
When I was on Wall Street making great money I felt empty, because I was not an effective contributor to my community. I knew that finance was my passion, but I also knew that sitting in a cubicle making money only for the sake of self-empowerment was not my purpose.
Like too many families in America, many people in my family were not financially literate. My passion was to change that. In addition, I was always getting asked personal finance questions from peers who knew I was a stock trader. But trading is different from personal finance. To address these questions, I began to study personal finance and started a Yahoo group called MakingMoneyWork, which provided tips and strategies to over 200 members through weekly newsletters.

Click to read more on the African American Money blog.

Technorati Tags: ryan mack,black financial experts,black money,african american money,black wealth,african american wealth,black news,african american news

Prof Christopher Richardson Breaks down Tavis Smiley Sponsor Wells Fargo’s alleged discrimination

Dr. Christopher Richardson

Dr. Christopher Richardson, one of the world’s leading experts on predatory lending and banking, comments on a recent report that Wells Fargo, one of the sponsors of the State of the Black Union event held every year, is being sued by several government agencies due to accusations of financially exploiting and deliberately misleading the Black community.  Dr. Richardson’s comments are below:

Click to read on African American Money.

Technorati Tags: black money,black wealth,african american money,african american wealth,black professors,black scholars,african american scholars

Black Money: Good news in the job market

NEW YORK (CNNMoney.com) -- The number of Americans filing for initial unemployment insurance fell more than expected last week, but ongoing claims ticked higher, according to government data released Thursday.

There were 601,000 initial jobless claims filed in the week ended June 6, down 24,000 from 625,000 the previous week, the Labor Department said.

Economists expected 615,000 new claims, according to a consensus survey by Briefing.com.

Click to read more on African American Money.

Technorati Tags: black money,african american money,black wealth,african american wealth

Black Money: Wells Fargo Accused of Cheating the Black Community

by Dr. Boyce Watkins

www.BoyceWatkins.com

Tavis Smiley needs to have a conversation with one of his primary sponsors, Wells Fargo. This week, it was announced that Wells Fargo is being sued by the city of Baltimore for egregiously racist predatory lending practices in the black community. The company has been accused by some former loan officers of targeting subprime, low quality loans to black neighborhoods, leading to a dramatic economic collapse for the black community of Baltimore.

The statistical evidence is daunting. Half of all the properties foreclosed by Wells Fargo are vacant and 71% of those properties are in black neighborhoods. Wells Fargo's African American borrowers with incomes greater than $68,000 per year were 8 times more likely to hold subprime loans than white borrowers with the same income.

Click to read.

Technorati Tags: tavis smiley,state of the black union,black money,african american money,black wealth,african american wealth