The Latest Debt & Finance Blog

Woman deciding whether or not to pay down student loans during COVID-19

Paying Down Student Loans Before the COVID Suspension Is Lifted

By Bill Fay | October 28, 2020

If you are paying on a federal student loan, you probably already know that the government CARES Act has provided benefits that suspends payment and interest requirements through December 31.…

Campaign buttons for Trump and Biden

Trump vs. Biden: How Their Plans for Student Loan Debt Compare

By Bill Fay | October 16, 2020

Americans with student loan debt have a $1.6 trillion question on their minds: What would President Trump or a President Biden do about all that money these 45 million borrowers…

Trump and Biden looking at each other

How Biden & Trump Tax Policies Compare

By Max Fay | October 2, 2020

The gap between the presidential candidates on tax programs is Grand Canyon-esque. And that may understate it. President Donald Trump wants to continue the 2017 tax cut, which his campaign…

Gavel on table

Court Ruling Favors Student Loan Bankruptcy Discharge

By Bill Fay | October 2, 2020

There hasn’t been much good economic news in 2020, but if you’re buried in student loans, there was an astoundingly positive development recently. Thanks to a recent court ruling, you…

Woman applying for a new credit card on her computer

Should I Apply for a New Credit Card During COVID?

By Bill Fay | September 24, 2020

The COVID-19 pandemic has created record unemployment, erased profit margins, closed businesses and wreaked havoc on almost every family’s money outlook. It has even affected America’s ultimate get-out-of-jail financial symbol…

Sign for VA office

VA Extends COVID-19 Debt Relief to Veterans Through 2020

By Bill Fay | September 15, 2020

Veterans indebted to the Department of Veterans Affairs won a partial payment reprieve this summer that will last at least through the end of 2020. The VA action extends a…

Paperwork to defer payroll tax

Payroll Tax Deferral: Is It Worth It?

By Max Fay | September 11, 2020

Many American businesses are disregarding President Trump’s order allowing them to temporarily stop withholding Social Security taxes from their employees’ paychecks. The plan, they say, is confusing and won’t produce…

Man deciding whether to consolidate his debt

It’s a Great Time to Consolidate Credit Card Debt

By Max Fay | August 27, 2020

If you’re considering a consolidation loan to sweep away credit card debt and lower your monthly interest payments, do it! There couldn’t be a better time. All you need is…

Workers lined up for unemployment during the COVID-19 pandemic

$300 Federal Unemployment Benefits

By Bents Dulcio | August 27, 2020

If you are unemployed and your job prospects are grim, March 11th was probably one of the better days you’ve had during the pandemic. That was the day federal unemployment…

For sale sign in front yard of house

Coronavirus and the Real Estate Market

By Bill Fay | August 14, 2020

Dorothy surely wasn’t thinking of life in a COVID-19 pandemic when she clicked those heels in the “Wizard of Oz” and opined that ‘there’s no place like home.’ But her…

Sources:

  1. Lake, R. (2020, September 25) How to pay off your student loans before payments resume. Retrieved from https://www.foxbusiness.com/money/pay-off-student-loans-before-payments-resume
  2. Herrera, I. (2020, September 22) Do you have federal student loans? The government is offering payment relief until Dec. 31 for those who qualify. Retrieved from https://www.ksat.com/money/2020/09/22/do-you-have-federal-student-loans-the-government-is-offering-payment-relief-until-dec-31-for-those-who-qualify/
  3. Farrington, R. (2020, September 23) Is Now The Best Time To Refinance Private Student Loans? Retrieved from https://www.forbes.com/sites/robertfarrington/2020/09/23/is-now-the-best-time-to-refinance-private-student-loans/
  4. N.A. (2019, October 21) Would Paying off Student Loans Improve my Credit Score? Retrieved from https://www.transunion.com/blog/credit-advice/would-paying-off-student-loans-improve-m-credit-score
  5. Hess, A. (2019, May 23) College grads expect to pay off student debt in 6 years—this is how long it will actually take. Retrieved from https://www.cnbc.com/2019/05/23/cengage-how-long-it-takes-college-grads-to-pay-off-student-debt.html
  6. Tretina, K. (2019, September 19) Student Loan Deferment and Forbearance: How to Pause Your Payments. Retrieved from https://studentloanhero.com/featured/student-loan-forbearance-and-deferment-repayment/
  7. Nykiel, T. (2020, July 7) 3 Ways to Lower Your Student Loan Interest Rate. Retrieved from https://www.nerdwallet.com/article/loans/student-loans/how-to-lower-student-loan-interest-rate