Recent News

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Credit Scores Going Up … Without Any Help From Consumers

The average credit score for American consumers is at an all-time high, but will almost surely go higher within the next year as credit bureaus and government tinker with one of the key components in the economy. Fair Isaac Corporation (FICO), the most recognized name in the credit score industry, said the average consumer’s score […]

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Debt Weighs Heavily On People Near Retirement

The duel between debt and income is spilling over into the retirement years for more and more people. At one time, it was common to have all the major bills paid and live a quiet, but comfortable retired life with Social Security as the financial foundation. Now, mortgage, home equity loans, car loans, credit card […]

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Social Security Checks At Risk As Seniors Take On Student Loans

Wanda Russell had just turned 50 when her bosses told her she would have to go back to college and get a bachelor of nursing degree to keep her job. Russell gulped. Back to college? At this stage of my career? Russell was an assistant nurse manager for operating rooms at Orlando Regional Medical Center […]

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Top 10 Instagram accounts to follow.

Motivational Instagrams – 10 Accounts to Follow

We can all admit that there are some days that even the strongest cup of coffee can’t kick-start. Instagram is a bonanza of inspiration and motivation (you know, somewhere in between all of those ducklip-selfies and throw-back pics). From money saving tips to inspirational quotes that will help push you be the best that you […]

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ALS Ice Bucket Challenge is sweeping social media by storm.

Ice Bucket Challenge: Ways To Give Back Without Spending Money

Admit it. You’ve considered de-friending the person that challenged you to the Ice Bucket challenge on Facebook.  The videos that are flooding your news feed are all apart of the ALS ice bucket challenge phenomenon that’s taken the social media world by storm. The challenge involves getting doused with buckets of ice water on video, […]

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empty desks in front of chalkboard

Student Loan Debt Continues To Make News Over Summer

When the bell rings to start a new school year, college students, especially the 70 percent using loans to pay for expenses, need to catch up on a few news items that surfaced during the summer break. Here is the quick summary of what happened while you were away: You will pay a higher interest […]

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scam

Alleged Student Loan Debt Scams Face Lawsuits

Another round of alarms sounded in the trillion-dollar student loan crisis when the Illinois Attorney General accused two student loan debt settlement firms of scamming borrowers. Illinois Attorney General Lisa Madigan sued First American Tax Defense and Broadsword Student Advantage, two debt settlement companies that allegedly charged exorbitant upfront fees and promised bogus services to […]

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student loan debt

Student Loan Debt Relief Options

Consumer debt isn’t what it used to be in this country, with one very notable exception. People owe a trillion dollars less on mortgages than they did five years ago; $225 billion less on credit cards and $750 billion less on overall consumer debt. Student loans, however, have gone in the opposite direction. Consumers owe […]

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white house

Administration Proposes Student Loan Debt Relief

Student Loan Debt Relief – Needed by Millions President Obama issued an executive order to provide student loan debt relief to struggling Americans, but couldn’t convince members of Congress to follow his lead. Obama’s executive order, issued June 9, allows about five million borrowers to cap their student loan payments at 10 percent of their monthly earnings. […]

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ITT Tech building

CFPB Sues ITT for Allegedly Exploiting Students with Predatory Loans

The Consumer Financial Protection Bureau sent a jolt through the for-profit college industry this week when the federal agency sued ITT Educational Services Inc. for predatory lending practices, saying it would seek restitution for victims, a civil fine and injunctions against the company. The CFPB accused ITT, which owns and operates ITT Technical Institute, of […]

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