Lately there have been some powerful articles profiling college grads and others who are struggling to make their student loan payments. While all of the reporting does a great job of personalizing the debilitating financial distress a generation of young adults is currently experiencing, there are so many numbers being bandied about that it’s hard… Read More

The average homeowner in foreclosure hasn’t made a mortgage payment in 507 days, according to a report published by Lender Processing Services, Inc. That’s a 25% increase from an average of 406 days at the end of 2009. Such long processing times are leading to a huge inventory of houses in some form of delinquency… Read More

It’s been a month since credit card minimum payments increased across the country. Each credit card company has their own policies, but on average minimums have increased from about 2% of the balance to 4% of the balance each month. Many credit card companies are now using a new formula developed by the Office of the Comptroller of the Currency (OCC) that equals 1% of the balance plus the interest charges and fees. According to MarketWatch: