For the very first time, we took out more student loan debt than credit card debt last year.
Entries from April 13th, 2011
Student Loans Outpaced Credit Card Debt Last Year
April 13th, 2011 · No Comments · Student Loans
Tags: college·college graduates·Credit card debt·debt·student loan consolidation·student loan debt·Student Loans
New Mortgage Standards Designed to Circumvent Dodd-Frank
April 12th, 2011 · 2 Comments · Mortgages
New regulations on mortgage origination as part of the Dodd-Frank Act took effect on July 21, 2010. The biggest restriction is that banks would has to have 5% of total loans originated in cash reserves. However, the law allowed for some exemptions to the 5% cash reserve rule under certain circumstances. These exemptions are being [...]
Tags: 5% reserve cash matching·banks·Dodd-Frank Act·gold standards·mortgage origination·mortgage standards·Mortgages·Underwriting guidlelines
4 Steps to Dealing with Debts
April 8th, 2011 · 1 Comment · Consumer Debt
Debt can have a destructive effect on lives, health, relationships and families. Quick-fixes, like taking out high-interest loans to clear mounting debts, almost always make the situation worse in the long run. A common reaction to debt is for people to bury their heads in the sand, throwing unopened payment demands straight into the bin. [...]
Tags: bills·collection agency·Credit card debt·creditors·debt·financial statements·owing money·payments·prioritizing debts
