The Latest Debt & Finance Blog

Elizabeth Warren giving a speech

Democratic Presidential Candidates Plan to End Student Debt Crisis

By Max Fay | July 1, 2019

It’s impossible not to notice that student loan debt has emerged as a big issue in the campaigns for the 2020 Democratic Party presidential nominations. Massachusetts Sen. Elizabeth Warren brought…

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…

is it time to refinance your mortgage

Considering Refinancing? Do It NOW!

By Bill Fay | March 15, 2018

Interest rates are going up, so it’s time to seriously consider refinancing your home loan. Or if you want to buy a house, it would be wise to seriously consider doing…

Teacher in Classroom with Students

The Future of the Public Service Loan Forgiveness Program

By Max Fay | March 8, 2018

President Trump’s latest budget proposal to Congress calls, once again, for the elimination of the Public Service Loan Forgiveness (PSLF) program. This is the second time Trump has recommended eliminating…

Sources:

  1. Rosenberg, Y. (2019, June 24) Bernie Sanders Goes Big on Student Debt Forgiveness. Retrieved from https://finance.yahoo.com/news/bernie-sanders-goes-big-student-221730045.html
  2. N.A. (2019, April 30) Student loan debt crisis: How did we get here? Retrieved from https://www.cbsnews.com/news/student-loan-debt-crisis-how-did-we-get-here/
  3. Mulhere, K. (2018, January 12) For-Profit College Students Are Defaulting on Their Loans at an Alarming Rate. Retrieved from http://money.com/money/5099019/for-profit-college-student-loan-default/
  4. Bursztynsky, J. (2019, March 1) More people put off home buying, due to student debt: Survey. Retrieved from https://www.cnbc.com/2019/03/01/suvery-finds-more-people-put-off-home-buying-due-to-student-debt.html
  5. Muresianu, A. (2019, June 3). Elizabeth Warren's Budget Math Still Doesn't Work. Retrieved from https://reason.com/2019/06/03/elizabeth-warrens-budget-math-still-doesnt-work/
  6. Tompor, S. (2019, April 24). Elizabeth Warren's plan for student loan forgiveness: Don't bank on it. Retrieved from https://www.freep.com/story/money/personal-finance/susan-tompor/2019/04/24/elizabeth-warren-college-debt-plan/3549230002/
  7. Picchi, A. (2019, April 23). Elizabeth Warren's student debt relief plan: Could it super-charge the economy? Retrieved from https://www.cbsnews.com/news/elizabeth-warren-student-debt-relief-plan-could-it-super-charge-the-economy/
  8. Gray, S. (2019, April 27) Elizabeth Warren's plan to forgive student-loan debt is costly, but it could actually pour money into the US economy. Retrieved from https://www.businessinsider.com/student-loan-debt-forgiveness-elizabeth-warren-economic-impacts-2020-election-2019-4