Category Archives: Loans
Saving Early the Key to Avoiding the Burden of College Loans and Credit Card Debt?
According to the College Board, the average cost of tuition and fees at a four-year public college has increased by nearly 51 percent in the past decade, a number that is expected only to grow throughout our lifetime and our children’s lifetimes. Since college graduates earn an average of $1 million more than high school [...]
Student Loan Debt Surpasses Credit Card Debt
In a new statement released by FastWeb.com, a website dedicated to helping eligible students find financial aid and scholarships, American student debt totaled 830 billion as of June 2010. For the first time in history, this is a number that actually surpasses the total American’s owe in credit card debt. These findings are causing some [...]
A Brief History of Credit
It was the year 1730 when a furniture merchant advertised that his furniture could be paid off weekly. This introduced the idea of the installment plan, which was then used by “tallymen”. These accountant-types kept a tally of clothes that were bought with small weekly payments. A wooden stick provided the means of keeping track [...]
Time to Take on More Credit?
As a result of the credit crisis and recovery act initiatives we’re seeing some of the lowest interest rates in history. Although interest rates have been low at other times but the recent bubble bursts has created a very unique situation. As the economy naturally began to flatten out, prices across several market sectors in [...]
How Will a Short Sale or a Foreclosure Affect my Credit?
As of this week, a recent study by the real estate data provider, CoreLogic, has revealed that about 11 million US homes are occupied by owners who owe 15% or more than the current appraisal value of their home. This amounts to an alarming 23% of American home owners. This tells us that an even larger [...]
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