Tag Archives: current events

Can the Special Direct Consolidation Loan Program Help You?

Update: The application period for this program has now closed (on June 30, 2012). If you’re wondering how long it takes for the special consolidation loans to take effect, you should know that they are not processed immediately. First, your eligibility and loan amounts must be verified by your loan servicer(s). Only then will the consolidation loan be processed. This…

Join and Participate in America Saves Week

The 5th annual America Saves Week is February 19 – 26, 2012. The movement started in 2007 as an initiative of the America Savings Education Council and reaches thousands of individuals and organizations all over the country. About the Mission The majority of Americans do not have enough in savings, for retirement, emergencies or other financial disasters. America Saves Week focuses on…

CFPB Targets Debt Collectors and Credit Bureaus

The new Consumer Financial Protection Bureau has recently added debt collectors and credit bureaus to its list of consumer financial services “targets.” The agency hopes it can further support and stand by the American consumer in this way. There has been a dramatic increase the amount of debt being pursued by debt collections agencies over the past decade: currently, 30…

The $25 Billion Foreclosure Fraud Deal: What It Means for You

Are you one of the millions of Americans who is struggling with mortgage payments or who lost their home to foreclosure in the last three years? If so, you may get some financial help from the $25 billion foreclosure deal announced yesterday by the U.S. Justice Department and 49 state attorneys general. The settlement, which results from the widespread use…

What Is Income-Based Repayment of Student Loans?

The crazy thing about student loans is that… you have to pay them back. Who knew? Of course, we all know that the loans have to be paid off eventually. But when you’re in school, the prospect of paying them off sometimes feels abstract and distant. You know that someday you’ll be making those monthly payments, but in the meantime…

How Bad Are Payday Loans?

Exactly how bad are payday loans? Within the credit industry, no one is more reviled than the payday loan companies. They are notorious for high interest rates and for beckoning some consumers into a self-destructive cycle of debt from which they will never recover. The payday lending companies say they merely provide a service that people need, and argue that…

What Are Your State of the Union Predictions?

As you probably know, tonight President Obama will deliver the State of the Union Address to a packed chamber in the House of Representatives. Some of the themes of the speech we can predict, such as emphasizing the need for job creation. But what do you think he will he say about debt?

STOP SOPA + PIPA

The last couple of decades have been the Golden Era for the internet and the free flow of knowledge. Can you remember a time when information wasn’t at your fingertips? A time without Google, Facebook, Twitter, Youtube and Wikipedia? Now, thanks to SOPA and PIPA, two bills aimed at taking a hard-lined censorship approach to curtailing online piracy, the Information…

What’s Your Experience With Private Student Loans?

  Are you one of the millions of college graduates struggling to pay off a private student loan while searching for promising career opportunities in this tough economy? Or maybe you’re a parent of a college graduate, or a high school Senior trying to navigate your way through the maze of student loan paperwork. No matter what your experience with…

3 Things the Government Should Do Immediately to Protect Consumers

When you take out a mortgage or open a new credit card account, do you feel confident that you won’t be taken advantage of? Do you believe you’ll be given all the appropriate information about any financial products you may use? We hope the answer to these questions is always “Yes,” but after the last few years (sub-prime mortgage crisis,…