The Latest Debt & Finance Blog

Disabled veteran in a wheelchair

President Trump Signs Order to Erase Student Loan Debt for Disabled Veterans

By Bents Dulcio | August 28, 2019

Lawmakers, economists and activist all have made headlines debating solutions to the $1.6 trillion student debt crisis burdening the lives of 44 million Americans. Some plans go as far as…

U.S. consumer concerned about debt

Consumer Debt Grows as U.S. Economy Expands

By Bill Fay | August 27, 2019

Americans are taking on ever larger debt loads as they struggle to maintain living standards. They are borrowing more on their credit cards, taking on a soaring levels of student…

Highway exit sign with arrow to bankruptcy

In Era of Trump, Has Bankruptcy Stigma Lost Its Sting?

By Bill Fay | August 8, 2019

With Donald Trump being credited or blamed for virtually every imaginable good or ill (depending on the observer, of course), we in the world of personal finance and debt management…

Military father holding his new born baby

NFCC Survey Shows Military Families Financial Struggles

By Bill Fay | June 14, 2019

The U.S. economy might be bustling for civilians, but not all active enlisted members of the military are thriving in it. More than one-third of enlisted military members do not…

Credit report next to a laptop to freeze credit checks

New Law Allows Credit Freeze

By Bill Fay | October 22, 2018

Security breaches have become so commonplace in the United States that news around them barely causes a ripple these days. Even if it’s news that provides consumers an extra layer…

HELOC on laptop screen

HELOCs on the Rise: Why You Should Be Careful

By Bill Fay | October 18, 2018

Across America, home values are on the rise again, surging with the economy. With that surge, homeowners eager to scratch a pent-up-demand itch once again are taking out HELOCs, or home…

People sitting at computers and tablets looking up personal loans to submit an application

Personal Loans on the Rise

By Bill Fay | October 17, 2018

The loan business is getting personal. We’re talking personal loans, and they are exactly what they sound like. You borrow money from a lending institution and pay it back. The…

loan agreement image

How Payday Loans Work and Lower Cost Alternatives

By Mike Capuzzo | August 8, 2018

You’re a hard-working single mom, and your refrigerator breaks. You don’t have the money to fix it and the Tooth Fairy didn’t leave $1,000 under the pillow for one of…

Women with bad credit going to nonbank to borrow money

Nonbanks Fill Demand from Borrowers with Poor Credit

By Bill Fay | April 25, 2018

The era when almost anyone with a pulse could get a loan or mortgage from a commercial bank ended with the financial meltdown of 2008. Today, tightened regulations and a…

Caution on Student Loan Forgiveness Programs

Confusion Clouds Future of Student Loan Forgiveness Programs

By Bill Fay | April 17, 2018

Here’s a warning for anyone who must borrow money for college. There’s an assault under way on the most cost-effective and popular student-loan repayment programs. Lines are being drawn and…

Sources:

  1. Vigdor, N. (2019, August 21) Trump Orders Student Loan Forgiveness for Disabled Veterans. Retrieved from: https://www.nytimes.com/2019/08/21/us/trump-veterans-student-loans.html
  2. Douglas-Gabriel, D. (2019, August 21) Trump administration to automatically forgive the student debt of permanently disabled veterans. Retrieved from: https://www.washingtonpost.com/education/2019/08/21/trump-administration-automatically-forgive-student-debt-permanently-disabled-veterans/
  3. Stratford, M. (2019, August 21) Trump eases student loan forgiveness for disabled veterans. Retrieved from: https://www.politico.com/story/2019/08/21/trump-student-loan-veterans-1675170
  4. Stratford, M (2019, May 24) 51 attorneys general urge DeVos: Erase disabled veterans' student debt. Retrieved from: https://www.politico.com/story/2019/05/24/attorneys-general-devos-cancel-debt-disabled-veterans-1472656
  5. Kreighbaum, A. (2019, August 22) Faster Loan Forgiveness for Disabled Veterans. Retrieved from: https://www.insidehighered.com/news/2019/08/22/trump-administration-grant-disabled-veterans-automatic-loan-forgiveness
  6. Lawrence, Q. (2019, August 21) Trump Signs Executive Order Forgiving All Federal Student Loan Debt For Disabled Vets. Retrieved from: https://www.npr.org/2019/08/21/753213306/trump-signs-executive-order-forgiving-all-federal-student-loan-debt-for-disabled
  7. NA. (2019, August 21) Trump Administration to Automatically Forgive Federal Student Loan Debt for Totally and Permanently Disabled Veterans. Retrieved from: https://www.ed.gov/news/press-releases/trump-administration-automatically-forgive-federal-student-loan-debt-totally-and-permanently-disabled-veterans
  8. Fullwiler, S, Kelton, S, Ruetschlin, C, Steinbaum, M. (2018, February) THE MACROECONOMIC EFFECTS OF STUDENT DEBT CANCELLATION. Retrieved from: http://www.levyinstitute.org/pubs/rpr_2_6.pdf