The Latest Debt & Finance Blog

college graduates are saddled with student loan debt

Defaults on the Rise as College Grads Drown in Student Loan Debt

By Bill Fay | March 29, 2013

Student loan debt could be the next economic bubble waiting to burst. Banks wrote off $3 billion in student loan debt the first two months of 2013, and an estimated…

As April 15 tax deadline approaches, IRS warns of identity theft and fraud.

Taxpayers Beware: Filing Scams and Refund Fraud on the Rise, Says IRS

By Bill Fay | March 27, 2013

There is encouraging news from the IRS this week: Statistically speaking, you likely are due a refund when you file a tax return. There is also discouraging news: That refund…

partisan budget battle in Congress

Nobody Winning Partisan Budget Battle in Congress

By Bill Fay | March 26, 2013

Before the ink dries, there will be at least six budget resolutions offered and voted on in the House of Representatives: The Paul Ryan budget, a budget crafted by moderate…

Education tax credits can help young couples

Education Tax Credits Offer Big Savings for College Students and Their Families

By Kaitlyn Fusco | March 21, 2013

As the April 15 deadline to file taxes approaches, it’s important for college students and their parents to be aware of education tax credits, which can save families thousands of…

Bank of America's Better Balance Rewards Credit Card

Bank of America Offers Cash to Customers Who Pay More than Minimum on Credit Card

By Bill Fay | March 19, 2013

Bank of America has tossed a lifeline to American families drowning in credit card debt. BofA, the second-largest bank in the United States, is offering the “Better Balance Rewards” credit…

parents pay for kids cellphones

When Parents Should Stop Paying for Kids’ Cellphone Plans

By Bill Fay | March 18, 2013

It’s not easy being a 20-something nowadays. Between landing a full-time job, paying back student loans and building credit, it’s hard to be financially stable. But are young adults solely…

big banks too big to go to jail

Feds’ Handling of Big Banks Means Unequal Justice for All

By Bill Fay | March 18, 2013

If anyone in America still has faith in the quaint notion, enshrined in the Pledge of Allegiance, that we live in a country where there is “justice for all,” it…

economic recovery

U.S. Economy Continues to Crawl Forward

By Bill Fay | March 14, 2013

Unemployment dropped in February to its lowest levels in four years, consumers spent money at the fastest rate in five months, and Wall Street set new records, all of which…

spending up, income down

Is the Economy Getting Better or Growing Worse? It Depends

By Bill Fay | March 4, 2013

There are so many mixed signals coming from all sectors of the U.S. economy that you need a linguist to properly interpret the flow of information. Depending on where you…

sequester takes effect

Sequestration Cuts Likely Will Increase Airport Wait Times and Delay Tax Returns

By Bill Fay | March 1, 2013

If you are like every elected politician in Washington and have successfully ignored sequestration for the last 19 months, button up. The effects of the federal government’s disastrous financial policy…

Sources:

  1. Touryalai, H. (2013, January 29). More Evidence On The Student Debt Crisis: Average Grad’s Loan Jumps To $27,000. Forbes. Retrieved from http://www.forbes.com/sites/halahtouryalai/2013/01/29/more-evidence-on-the-student-debt-crisis-average-grads-loan-jumps-to-27000/
  2. Hayward, J. (2013, March 26). Is The Student Loan Bubble About To Pop? Humanevents.com. Retrieved from http://www.humanevents.com/2013/03/26/is-the-student-loan-bubble-popping/