It’s bad enough when you feel as though you are being crushed by the weight of your debt. Even worse is when you lose your job on top of it. What can you do if you have debt and you are unemployed? This situation calls for some serious planning – and up front communication with your creditors.
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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…
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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?
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Well, another Friday is upon us and we wanted to bring you the most interesting debt-related news of the week. There was a lot going on this week, as banks got more Facebook savvy, new census data showed us how many Americans are in poverty, and Congress tried to fix the finances of the federal government:
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Rod, CEO/co-founder of ReadyForZero talking with a ReadyForZero user. Today (like many days) we received phone calls from a few of our users who had questions about ReadyForZero and called us for answers. Often, when I pick up the phone, people are surprised to hear the CEO on the other end of the line, and I guess I would be…
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Ah Thanksgiving. A holiday for being grateful for what you have. And celebrating it by pigging out on every piece of food you can get your hands on during the Thanksgiving dinner followed by maxing out your credit cards during the shopping frenzy we all know and love as Black Friday. Is that how you really want to ‘give thanks’…
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A report published today says ⅔ of last year’s college graduates had student loans, and among them the average student loan debt was a whopping $25,250! (And that’s not even including students at for-profit universities, who are likely to have hefty loans) Which means a whole cohort of young people — who pushed themselves to get ahead by obtaining a…
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Is the cost of college on the rise? You probably already know the answer to that question! But the exponential rate at which college cost is increasing may shock you. According to the National and Regional Trends in College Tuition study published by DePaul University in 2001, when taking inflation into account “the average tuition of the nation’s 4-year public institutions increased…
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Rarely does a company get such immediate and negative feedback from its customers as Bank of America did when they announced a new $5 fee for debit card users one month ago. At the time, their spokeswoman Anne Pace said “the economics of offering debit cards have changed.” But apparently they haven’t changed enough to allow the $5 fee to…
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