Can Consolidating My Student Loans Help Me Buy a Home?

Mortgages

Can Consolidating My Student Loans Help Me Buy a Home?

Can Consolidating My Student Loans Help Me Buy a Home?

While rising debt levels are partially responsible for a falling homeownership rate in the U.S., there are ways aspiring homeowners can responsibly take on a mortgage while working on paying down other loan balances. For example, a Credit.com reader recently asked us if there’s a way to get approved for a mortgage, despite having education... Read More

5 Ways to Put a Windfall to Good Use

Personal Finance

5 Ways to Put a Windfall to Good Use

5 Ways to Put a Windfall to Good Use

Getting a windfall — an unexpected financial gain — comes with a lot of questions. You may have student loan debt or credit card debt to repay, or want to set money aside for the future, but don’t know where to start or best use this influx of cash. Here is a hypothetical situation to... Read More

FTC Cracks Down on Student Loan Debt Relief Schemes

Students

FTC Cracks Down on Student Loan Debt Relief Schemes

FTC Cracks Down on Student Loan Debt Relief Schemes

Some student loan borrowers having trouble repaying their loans are getting desperate, causing them to look for help in the wrong places. Federal regulators announced another crackdown this week on firms that charge illegal up-front fees, and ongoing monthly fees, selling debt relief services to these borrowers that are generally available for free. Three cases announced... Read More

Op/Ed: Student Borrowers Will Continue to Struggle Despite the CFPB’s Efforts

Students

Op/Ed: Student Borrowers Will Continue to Struggle Despite the CFPB’s Efforts

Op/Ed: Student Borrowers Will Continue to Struggle Despite the CFPB’s Efforts

The financial services industry erupted earlier this month, soon after the Consumer Financial Protection Bureau published a set of proposed rules for limiting the use of forced arbitration clauses by broad range of entities, including certain providers of financial products and services. This longstanding practice, whose origin dates back to 1925, of incorporating language that... Read More

Parents Increasingly Expect Kids to Pay for College

Students

Parents Increasingly Expect Kids to Pay for College

Parents Increasingly Expect Kids to Pay for College

With college tuitions skyrocketing, it’s no surprise parents are worried whether they have enough to cover the cost. According to the fifth annual survey from Discover Student Loans, nearly half (48%) of 1,000 adults surveyed with kids aged 16 to 18 expect their child to pay for most or all their education, up from 39% in 2012. “While... Read More

Do Student Loan Servicers Expect to Be Sued?

Students

Do Student Loan Servicers Expect to Be Sued?

Do Student Loan Servicers Expect to Be Sued?

“Maybe it’s because those who know won’t and those who don’t can’t.” Such was my response to a colleague who, after reading a recent article in the Huffington Post on yet another legal action taken against a student loan servicing company for alleged unfair and abusive practices, asked why there’s little, if any, talk about... Read More

6 Simple Steps to Avoid Student Loan Headaches

Students

6 Simple Steps to Avoid Student Loan Headaches

6 Simple Steps to Avoid Student Loan Headaches

May is the month of Pomp and Circumstance. Of graduation parties, caps thrown in the air and dreams thrown even higher. It’s also the month where many seeds of financial destruction are sown. Student loan borrowers who are graduating have six months to figure out how to start paying back their loans — or how... Read More

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