Debt Management

8 Things to Know About Refinancing Student Loans

March 4, 2015
Refinancing Student Loans

Ideally, you’ll never need to refinance, but in reality, life happens. If you find yourself struggling to pay back federal or private student loans, refinancing may be an excellent option for you. Much like the research you did before applying for assistance in the beginning; there are several things you need to know before considering […]

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How to Get Financial Aid for Hospital Bills

December 18, 2014
financial aid for hospital bills

Hospital bills can be overwhelming, especially when you’ve just conquered a serious health crisis. The cost of healthcare today can be completely out of reach for those living without insurance or with inadequate coverage, resulting in potentially devastating debt and a financial hole many of us are not prepared to be in. Thankfully, most hospitals […]

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5 Ways Parents Can Reduce Student Loan Debt

December 8, 2014
Reduce Student Loan Debt

When your child started applying for colleges, chances are they didn’t think much about how their education would be funded. According to CNN Money, the average student loan debt was $29,400 in 2013. Considering the high cost of college tuition, parents and their students need to be aware of their options for reducing student loan […]

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How a 7 Year Auto Loan May Put You Underwater

August 5, 2014
7 year car loan

Not too long ago, when shopping for an auto loan, you had the choice between a 3, 4, or 5 year loan. These terms would lock you into a loan, and make sure you were able to pay back the car quickly enough so that you did not owe more money than the vehicle was […]

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Deciphering Debt: Some Payments Impact Your Credit More Than Others

July 30, 2014
Deciphering Debt

Total U.S. consumer debt was $11.65 trillion at the end of Q1 2014, up 3.7 percent from the previous year, according to the New York Federal Reserve. Let’s put this number in perspective: Just 40 years ago, the total amount of all U.S. debt—including government, business and consumer obligations—was only $2.2 trillion. It has become […]

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Co-Signing a Loan: The Good, The Bad, and The Ugly

July 8, 2014
Co-Signing a loan

There are certain financial decisions that I will never make. For instance, I will never take out a payday loan; they just have way too many downsides. There are also financial decisions that I will never make again. For instance, I will never be co-signing a loan for a non-family member. The stress is just […]

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Why We Are In No Hurry To Repay Our Student Loans

June 20, 2014
Student Loans

Student loans are quite the hot topic lately. The Federal Reserve Bank reports that the total outstanding balance on student loans was $966 billion, at the end of 2013. That number is only growing larger. The biggest reason is that for many people these loans are not causing them undue grief. So instead of hurrying […]

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