SafeBorrowing.com site launched today at Section of Business Law spring meeting.
Dallas, TX (Vocus/PRWEB ) April 10, 2008 -- Given the current credit crisis, there’s never been a more important time to be an informed consumer. That’s why the American Bar Association Section of Business Law is launching its SafeBorrowing.com site today at its spring meeting in an effort to increase financial literacy.
A creation of the section’s 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 site.
“When you sign a contract to take out a loan, what you don’t 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 section’s Consumer Financial Services Committee.
Additional site features include a glossary of terms at the end of each section, helpful points to consider and links to other resources.
For more information, visit safeborrowing.com. Other resources include a radio news release and various podcasts: safeborrowing.com (overview), mortgages, auto loans, student loans, and credit cards.
The American Bar Association Section of Business Law is one of the ABA’s largest sections, bringing together 60,000 members from 65 countries to address all aspects of corporate, financial and transactional practice. Through its continuing legal education programs, publications and leadership in the development and improvement of the law, the Section is committed to assisting its members as they serve their clients and meet the challenges of the evolving global economy.
With more than 413,000 members, the American Bar Association is the largest voluntary professional membership organization in the world. As the national voice of the legal profession, the ABA works to improve the administration of justice, promotes programs that assist lawyers and judges in their work, accredits law schools, provides continuing legal education, and works to build public understanding around the world of the importance of the rule of law.
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Source: PRWeb: Legal / Law
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