Debt

Seriously Delinquent Student Loans Are Becoming A Serious Issue

Filed in Credit, Debt, Student Loans by on December 16, 2014 0 Comments
Seriously Delinquent Student Loans Are Becoming A Serious Issue

Data from the Federal Reserve Bank shows a not so good trend in new seriously delinquent student loans. While delinquencies of other loan types are in decline, student loan delinquencies are on the rise.     A serious delinquency is defined as a loan account being 90 days or more past due. This is the […]

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How Your Credit Score Is Determined

How Your Credit Score Is Determined

Exactly how your credit score is determined (we’re talkin’ FICO here) is somewhat of a mystery on the order of “Why are we here?” or “What’s with cats and the Internet?” This is unfortunate, since one’s credit score is uber-important to just about everything from buying a house to getting a job to signing up […]

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Home Equity Borrowing Is Not Dead

Home Equity Borrowing Is Not Dead

According to the CreditForecast.com Household Credit Report (yes, I read that snoozer so you don’t have to), home equity borrowing is not dead. In English; people are still using the equity in their homes to borrow money. Home equity refers to the amount of your home you actually own (mortgage balance divided by home’s value […]

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Emergency Fund or Pay Down Debt?

Emergency Fund or Pay Down Debt?

Chicken or egg? iPhone or Android? And now; should you save for an emergency or pay down your credit card debt? Such questions vex me almost daily. An article from financial expert Remar Sutton, Start an Emergency Fund or Pay Down Credit Card Debt—Which Should You Do First? breaks down the save verus pay off […]

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Talk to your creditors

Talk to your creditors

  It’s always a smart idea to talk to your creditors when you’re on – or think you may be on – a rocky financial road (Mmmm, rocky road). Everyone has financial problems – even Warren Buffet (his financial problems are just different from most peoples’). Not everyone is a deadbeat. We all known money troubles […]

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