American consumers' appetite for debt is ferocious. A few years after the Great Recession, United States households still haven't made any significant reductions in their debt levels, and in fact they are only adding greater amounts of debt. Also, today's millennials are having a … [Read more...]
No Escaping Student Loans Even at Age 65
When you think of student loan debt, the first thing that comes to mind is a new college graduate aged 22 to 34. A new government report suggests that the gray-haired senior population is also suffering from the shackles of student loan debt, and it may hinder their retirement … [Read more...]
Consumer borrowing jumps $16.5 billion, fueled by auto and student loans
The United States consumer is drowning in debt. Total personal debt has exceeded $16 trillion and personal debt per citizen is more than $50,000 – this does not include interest. According to the latest monthly data from the Federal Reserve, Americans are getting more into debt by … [Read more...]
Different Types of Cash Loans
Filed Under: Basics by
Not all financial emergencies can be anticipated in advance and many times the only way out of them is to obtain cash loans. Several types of cash loans are available to meet the financial needs of both credit worthy and bad credit borrowers. Here’s a list of the common types of cash … [Read more...]
Student Loans: What They Don’t Want You To Know
Filed Under: Infographics by
Don't Worry College Only Costs $148,454.00 & 10 Years of Your Life Your parents have always told you an education is the be-all and end-all. What they didn't tell you is that the average college student will owe $148,454.00 dollars when they graduate and it will take about 10 years … [Read more...]
Government Reports Indicate Rebounding Economy
The Federal Reserve announced Friday August consumer borrowing increased $18.1 billion over July, its highest amount in three months. The figure rebounded from July’s $2.5 billion borrowing drop—the first in almost a year. Not only did borrowing gain in areas of auto loans, credit … [Read more...]
More Student Loans Default Between Years Two and Three
More college graduates are defaulting on their student loans, according to a report issued Sept. 28 by the U.S. Department of Education. In its first three-year report of federal student loan cohort default rates, the department found 13.4 percent of graduates defaulted—missed at … [Read more...]
