Kimkins Controversy - Kimkins Scam

Between a Rock and Hard Cash

I am not going to try to blow smoke up anyone’s butt with regard to lending practices. For the most part, banks and credit card companies will figuratively beat a path to your door as long as you look good on paper and make all your payments on time. If, however, you have hit a rough patch or two, you may have to look for loans high and low. By high I mean the interest…and by low I mean your chances of approval.

I think the Internet has helped consumers overall with regard to finding their best options for secured loans and other lending products. If you compare credit cards on a site like BeatThatQuote.com you are seeing terms that are offered by lenders who are in direct head to head competition with each other. You do have to read the terms of each offer VERY carefully. Loan marketing is getting to be a bit like car sales. The companies are trying to get consumers to focus on the one number that they are competitive with, while sneaking in various charges and limitations in the small print. The internet can make comparing loans quick and simple, but in the end, you have to look closely to avoid paying more than you expected in interest and fees.