Credit unions, credit counseling and even credit cards helped — but so did their resolve to ask questions and put in the hard work.
Point-of-sale (POS) financing is a convenient lending option that lets consumers make purchases with incremental payments. Retailers partner with third-party lenders—like financial technology companies Affirm, Afterpay and Klarna—and then integrate those lending services into the checkout process. POS financing typically has less stringent eligibility requirements than traditional financing, and many lenders offer a 0% annual […]
If you or your future spouse went to college, it’s highly likely you will have to deal with student loans. According to the Federal Reserve Bank of St. Louis, 46% of young married couples had student loan debt in 2016, triple the share of couples that had student loans in 1989. What happens to student […]
May mortgage rates forecast I predict that the rate on the 30-year mortgage won’t change much in May. It will go up and down a bit day to day but…
The Community Foundation recently announced the creation of two new scholarship funds for this year: Caswell County (N.C.) Schools Scholarship…
It’s been an up-and-down year for many student loan borrowers. Even if you could afford to keep making regular payments after the federal Covid-19 student loan forbearance period started last March, perhaps your financial situation has since changed and you would benefit from a refund of that money. If you now find yourself strapped for […]
Leading up to College Decision Day on May 1, high school seniors and others planning to start college this fall are making their final decisions about where to attend. That means comparing financial aid packages they’ve received and understanding just how much in student loans they may need to borrow. To help our readers answer […]
Understanding what happens to your debt when you die is an important part of estate planning—and you don’t have to be rich to have an estate. Everything you own and owe makes up your estate. For many people, that includes a house with a mortgage. The median housing-related debt of a 65- to 74-year-old borrower […]
Between credit cards, student loans and auto loans, it can be difficult to keep track of payments and balances on outstanding debts. Consolidating these debts into a single loan may streamline your finances, but the strategy likely won’t fix underlying financial challenges. For that reason, it’s important to understand the pros and cons of debt […]
If you're playing it safe with your investments, you could be putting your money at risk.
Q: I am one of three daughters who will inherit our home when our parents pass away. They have a mortgage on the home and some credit card debt. Would it be wise for us to purchase their home before their death, so their mortgage debt is paid off?
A Federal Reserve survey has found that the economy was rebounding in late February through early April, helped by billions of dollars in a new round of stimulus payments and the stepped-up rollout of coronavirus vaccines.
Your main option is to ask your issuer to reconsider. But there are also some steps you can take to mitigate the effects of a cut and minimize the risk of future ones.
Credit card debt can be very expensive. But if you’re paying only the minimum when you can afford to do more, it could be that your past is to blame.…
As a borrower, waiting for closing can feel like agony—especially if you’re trying to close on a house and you’re ready to move, or if you urgently need the savings a refinance will give you. Throughout most of the closing process, you’re waiting on other people, and you often don’t know how far along they […]
Big growth in education funding included.
Steer clear of these blunders -- they could wreck your senior years.
Revenue from Caesars Virginia can be used for other projects.
You'll need savings to keep up with your bills in retirement. But how well does your IRA or 401(k) balance stack up?
Q: There are thousands of seniors like us who are “stuck” in their homes because they do not “qualify” for a mortgage, let alone a refinance of their existing mortgage. All our funds are tied up in our houses or condos and we’re barely surviving on our monthly Social Security checks.