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Bankrate.com

Bankrate's Debt Adviser: Avoid variable-rate debt consolidation loan

Friday March 31, 6:00 am ET

Steve Bucci

Dear Debt Adviser,

One of my credit card companies has a debt consolidation loan that would
allow me to pay off my credit cards in five years at a variable rate of 7.24
percent. As the minimum payments on a couple of my credit cards have jumped
to a level such that it is now a struggle to come ...   more »

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States Shelter Risky Borrowers

Legislatures Battle Predatory Lenders

As Washington Debates Issue

By CHRISTOPHER CONKEY

March 31, 2006; Page A4

With Congress divided over federal legislation to combat predatory mortgage
lending -- the practice of persuading borrowers into taking on fee-laden
loans they often can't afford -- more than half the states have passed laws
designed to protect riskier-than-average borrowers, and others are
contemplating action to curb abuse.

At least 10 states -- including New York, ...   more »