Bank finance articles and tips

There's a new scam in town and it is called credit repair. Unfortunately, there is no way to know exactly how much money this scam rakes in per year because most victims are too embarrassed to come forward and file complaints. It starts with the promise of taking your low credit score and making it into a great score. Does this sound too good to be true? Guess what? It is too good to be true. Think about this for a moment, if all it took to have a great credit score was to simply to pay a company to erase your late fees, bankruptcies and other negative information, wouldn't we all have great credit scores?....

It has been all over the news for weeks and people everywhere are getting fired-up about it. Even President Obama recently aired his complaints to ABC News, saying it was unfair to customers.

That's right - we're talking about bank fees.

So what's up with these bank fees and why are banks charging them to customers? It's simple economics, really....