It’s that time of year again with the holiday shopping season’s official “kickoff” upon us, the day after Thanksgiving, appropriately dubbed “Black Friday”. And while Black Friday is generally known as the day shoppers migrate in hordes to stores in person with credit cards flashing, this shopping frenzy is closely followed by Cyber Monday, the [...]
Entries from November 28th, 2008
Tips for Avoiding Identity Theft on “Cyber Monday”
November 28th, 2008 · No Comments · Identity Theft
Tags: avoid ID theft·avoid online identity theft·cyber monday·holiday scammers·identy theft tips·online shopping safety
Student Loan Default Rate is On the Rise
November 26th, 2008 · 26 Comments · Student Loans
In these times along with mortgages and credit cards, many people are not able to afford student loan payments. SLM Corp., or Sallie Mae, the largest private student lender, reported a delinquency rate of 9.4% in September, up from 8.5% a year earlier. “It’s clearly because of economic conditions,” says spokesman Tom Joyce. “The credit [...]
Tags: Default·Department of Education·Public Servant Loan Forgiveness Program·Sallie Mae·Student Loans
“Merry Christmas”: Fannie and Freddie announce Holiday Foreclosure Suspension
November 25th, 2008 · 1 Comment · Mortgages, Real Estate
Fannie Mae and Freddie Mac recently announced that from November 26, 2008 to January 9, 2009, there will be a “stay of execution” for borrowers in jeopardy of foreclosure. In other words, they have provided an initiative to their servicer network requiring that all foreclosure and eviction proceedings shall be suspended during this time period, [...]
Tags: FMAC·FNMA·foreclosure·housing crisis·housing rescue·loan modification·mortgage crisis·rescue plan
The Warning Signs of Excessive Credit Card Debt
November 24th, 2008 · No Comments · Credit Cards
Most of us are concerned enough about our physical health that we would most certainly heed a warning sign such as an unusual pain or lump on our body that slowly appeared over time. Similarly, our financial health should be handled with the same sort of care and caution. And just as there are both [...]
Tags: Credit card debt·Credit Cards·credit counseling·excessive debt·fix credit card debt·warning signs of credit card debt
