The Latest Debt & Finance Blog

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Private Student Loan Lenders Open Door To Modifications

By Bill Fay | December 11, 2014

Help is coming for beleaguered borrowers who took out student loans from private lenders. How much help – and how many people actually will benefit from it – is still…

frugal beach wedding

Married On A Monday: A Wedding You Can Afford

By Bill Fay | December 2, 2014

Billy Sexton is not a frugal man. In fact, he chuckles at the idea of cutting corners to save money. “I’m the guy who believes you get what you pay…

Past due stamp

Grace Period Ends During Holidays For Millions Of Students

By Bill Fay | November 20, 2014

Forgive Steve Simon if he doesn’t get swept up in the excitement of the holiday season this year. Simon already knows what he’s getting for Christmas. “Another notice from Navient…

manage debt goal

Debt Consolidation Or Debt Management Could Help Cure ‘Holiday Hangover’

By Bill Fay | November 17, 2014

The day of reckoning is fast approaching for annual budgets and it may not be a good one for people who rely on credit cards. Annual bills often collide with…

holiday deal sign

Ignore Monthly Bills At Your Own Risk During Holiday Season

By Bill Fay | November 6, 2014

Get ready America, the Holiday Shopping Circus is rolling into your town again this year and no one is immune from the excitement it generates. Least of all someone with…

mobile phone and money

Fact Is, Opinions Don’t Say Much In Cellphone Argument

By Bill Fay | November 6, 2014

What settles arguments in your house: Facts or opinion? That seems like a loaded, but relatively easy question. Facts win, right? Well, sometimes. A study by Dartmouth College suggested that…

Tamara Holleman

Credit Counseling Helps Family Dream Of Solid Financial Future

By Bill Fay | October 15, 2014

Tamara Holleman wants a new car and at first glance, she could easily afford one. Holleman and her husband work in the medical profession, bring home comfortable incomes, live in…

Credit Scores Image of Woman

Credit Scores Going Up … Without Any Help From Consumers

By Bill Fay | October 13, 2014

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…

retired couple counting money

Debt Weighs Heavily On People Near Retirement

By Bill Fay | October 7, 2014

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…

Senior Student Debt

Social Security Checks At Risk As Seniors Take On Student Loans

By Bill Fay | September 23, 2014

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.…

Sources:

  1. Andriotis, A. (2014, November 19) Lenders Shift to Help Struggling Student Borrowers. Retrieved from http://online.wsj.com/articles/lenders-shift-to-help-struggling-student-borrowers-1416431068
  2. Douglas-Gabriel, D. (2014, November 19) Wells Fargo and Discover to offer student loan modifications. Retrieved from http://www.washingtonpost.com/news/get-there/wp/2014/11/19/wells-fargo-and-discover-to-offer-student-loan-modifications/
  3. NA. (2014, October 16) Annual Report of the Student Loan Ombudsman. Retrieved from http://files.consumerfinance.gov/f/201410_cfpb_report_annual-report-of-the-student-loan-ombudsman.pdf
  4. NA. (2014, July) The MeasureOne Private Student Loan Performance Report July 2014. Retrieved from http://www.measureone.com/system/files/reports/M1PSLReportQ12014_final2.pdf
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