Consumer credit site to launch at ABA meetingMortgagePress.comAmerican Bar Association, SafeBorrowing.com, Consumer Financial Services
The American Bar Association Section of Business Law has
launched its SafeBorrowing.com site at
its spring meeting in an effort to increase financial literacy.
A creation of the sections Consumer Financial Services
Committee, SafeBorrowing.com offers free information online to help
borrowers better understand the risks and obligations of using
consumer credit. The site is developed to include content crossing
the credit card, home financing, student loan and automobile
lending industries, creating a comprehensive, single-source
When you sign a contract to take out a loan, what you dont know
absolutely can hurt you. Borrowers must know their rights and
responsibilities under the law, said ABA President William H.
Neukom. SafeBorrowing.com has outstanding resources to help people
protect their finances and their credit.
From providing tips to avoid a foreclosure rescue scheme to
deciphering credit card disclosures to explaining the types of
federal student loans available, SafeBorrowing.com aims to give
consumers the tools necessary to make wise financial decisions,
said Donald Lampe, chair of the sections Consumer Financial
Additional site features include a glossary of terms at the end
of each section, helpful points to consider and links to other
For more information, visit www.safeborrowing.com.