Once I was a debt free soul. I had no student loans and no consumer debt as I had already paid them off with due care. Some of my relatives and friends thought that I’d immediately start spending my suddenly-increased spendable amount. But, proving them wrong, I started saving a certain portion of my income [...]

All of us know that a student debt crisis is brewing, but no sign of respite is there in the air. Few non-governmental groups have come up with viable ideas and the federal government is also trying to make some amendments in their policies in order make student loan debt a bit easier to bear. [...]

Bankruptcy can be a heart-wrenching decision to take; especially if you are aware of its vice consequences. However, at the same time you need to know that this law has been put in place just to protect you from the clutches of the unsavory debts. If you find it almost impossible to manage your delinquent [...]

CONNECTICUT – David B. Fein, United States Attorney for the District of Connecticut, announced few days back that Pinto, 68, of Wellington, Florida, and Peter Pinto, 37, of East Quogue, New York, pleaded guilty on May 11 before the District Judge Stefan Underhill in Bridgeport for committing bank fraud, wire fraud, money laundering, and wire [...]

The title may seem like an oxymoron and to some extent impossible. How can debt be used as a medium to create more wealth? Actually, it isn’t an oxymoron and if you want it to make sense, you need to change your perception of debt and classify it into two different categories. According to the [...]

The Federal Trade Commission (FTC) and few defendants have ultimately arrived at a mutual settlement in a debt collection practice, after the FTC had filed a complaint and alleged that the accused knew very well, or should have known that some of the magazine subscriptions on which they were trying to collect were invalid. Again, [...]

As time is moving on, college education in the US is becoming more and more unaffordable. Finaid.org, website on financial aid information, reports that the average college tuition cost is growing at approx. three times the rate of inflation. Consequently, the portion of college costs that the federal Pell grants wrap is reducing. Lauren Asher, [...]

Several reasons can join hands together to make a hole in your wallet and let you experience a serious lack of cash. It is always hard to prepare a family budget with the little bit of cash you have on hand. You might be questioning, “How did I get into this mess?” and perhaps you [...]

President Obama, in an attempt to woo the youth in November’s election, is trying to compel lawmakers to cease the doubling of interest rates on some student loans, which is the second largest source of consumer debt in the nation after home mortgages. Rates on some of the student loans that are backed by the [...]

Are you seeing a gloomy future as of your swelling debt burdens? Are you thinking to make an escape leaving all the worries behind? When you get into debt and struggle to get out of it, you often become anxious; and the overwhelming stress and tension can lead your toward depression. Let’s take a look [...]