Average Student Loan Debt at Graduation by State
Student loan debt for those getting a four year degree has been going up significantly for the past 10 years. What is interesting though is that the amount of education-related debt a student holds...
Category: Debt
Student Loan Interest has Topped $40 Billion a Year
As we wait for 2016 Q4 numbers on student loan debt to come in, it might be interesting to take a look at the current amount of interest being accumulated on current student loan...
92% of Millennials Do Not Trust Financial Institutions with Money Matters
In a Facebook study of those aged 18-34, analysts found that 92% of those surveyed do not trust financial institutions when it comes to handling their money. It is hard to blame them as...
3 Out of Every 4 Millennials Have Received Financial Help from Parents After College
Every generation has a reputation. The Baby Boomers brought the “American Dream” to our collective imagination and Generation X brought an increasing number of women into the workforce. Now, millennials are bringing a revolution...
These 180 Countries Have a GDP Lower Than the Total U.S. Student Loan Debt
Student loan debt in the United States has never been higher, currently sitting at a touch above $1.3 trillion. With the Spring semester about 5 weeks away, the nation is getting ready to add...
Millennial Home Ownership Shrinks as Student Debt Grows
At the beginning of 2016, the home ownership rate for those 30 and under sat at about 27.7%, the lowest it has been in decades. On the other hand, student loan debt rose to...
How to Get Late Payments Off of Your Credit Report
Your payment history is a big factor in most credit score models. Having even one late payment of 30 days or more can make a 720 credit score drop down to 670 overnight. Removing...
U.S. Citizens Now Hold About $1.3 Trillion in Student Loan Debt
The New York Fed’s second quarter numbers are out for 2016 and it doesn’t paint a pretty picture for student loan debt. Officially, the nation owes $1.26 trillion in student loan debt. Realistically, we are probably...
Why Debt Validation is So Important
Requiring your creditors to verify and validate your debt is an important tool everyone has when it comes to improving your credit score. Creditors are required to keep certain records on file about those...
Consumer Arbitration Can Help With Credit Card Collections
Most credit card companies insert an arbitration clause deep into their terms and conditions that you agree to whenever you apply for a credit card. They do this primarily to protect themselves from class...
