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Author Archives: Research Department

What Happens If You Boycott Your Student Loans?

Angry Man by Steve Rhode

Fifteen former Corinthian Colleges students are angry. The group alleges they were taken advantage of and targeted by the for-profit college system. They’re not the first to complain about the institution, but what makes these students different is that they’re refusing to pay back their federal student loans. They’re called the Corinthian 15 and they’re going on strike. “If you owe the bank a thousand dollars, ... Read More »

    The Most Important Question to Ask Yourself Before You Take Out Student Loans

    Student Loans Concept

    At some point in your decision to go to college or get an advanced degree, you may need to ask yourself an extremely important question: How much money do I need to borrow? The key word there is “need.” If you’re lucky (or plan extremely well), the answer is “none,” and you can enjoy getting an education without going into debt. ... Read More »

      The Fresh Start of a Bankruptcy May Restore Credit Faster

      Paul_Left_Happy

      People consider filing bankruptcy when the alternative has become worse. Figuring out if you are at that point though can be difficult. One misconception that makes people hesitate to file bankruptcy is the impact on their credit. An in depth study by the Federal Reserve Bank comparing the credit of people who’ve filed bankruptcy with those suffering through chronic defaults ... Read More »

        10 Cities Where Identity Theft Is a Huge Problem

        ID Theft or Stolen Identity

        Fraud can happen anywhere, but certain places seem to have it worse than others. The Federal Trade Commission recently published its annual report on consumer complaints, and it includes rankings for cities with the most fraud reports, and in a separate list, the most identity theft reports. Did your hometown make the top 10 list? Florida dominated the identity theft ... Read More »

          A Student Loan Repayment Trick That Can Save You Money

          What Will Debt Repayment Cost You in Retirement?

          It’s common knowledge you can save money by paying off loans and other debts quickly or ahead of schedule. You can also save money by making monthly payments as planned, if you put in a little extra effort and do the math. The trick? You can change your repayment period to an extended plan (for example, a 25-year instead of ... Read More »

            Money Isn’t the Root of all Evil…it’s Procrastination

            time and money

            We’ve all heard the phrase, “Money is the root of all evil.” After 22 years of counseling hundreds of investors and savers, I’m pretty sure it’s procrastination. Procrastination can kill you when it comes to saving. Putting off saving, investing or planning for the future can be detrimental to your financial health. You’ve also seen all the illustrations about how ... Read More »

              Is College a Good Return on Investment. Facts are Surprising.

              college-class

              Seattle, Washington (PRWEB) March 05, 2015 PayScale, Inc., the world’s leading provider of on-demand compensation data and software, today announced the 2015 PayScale College Return on Investment (ROI) Report. “How much student loan debt college kids and their families take on has serious implications for their future financial health. With average student loan debt hovering around $30K, students can’t afford ... Read More »

                Seven Individuals Indicted in Multimillion-Dollar Business Opportunity Fraud Scam

                scammer

                Scheme Victimized More Than 1,000 Individuals throughout the United States The Justice Department announced today the unsealing of an indictment charging seven individuals in connection with a vending machine “business opportunity” that defrauded thousands of victims across the country.  The indictment was returned by a federal grand jury in New York City.  The following individuals were named as defendants in ... Read More »

                  Direct Marketer Agrees to Pay $8 Million for Deceiving Consumers

                  ftc

                  Company Pitched Snuggies and Other Products on TV, Often Billing Consumers without Their Consent A direct marketing company selling “as-seen-on-TV” type products such as Snuggies and the Magic Mesh door cover has agreed to pay $ 7.5 million to the Federal Trade Commission for consumer restitution to settle FTC charges in connection with its deceptive “buy-one-get-one-free” promotions. The FTC’s settlement ... Read More »

                    National Debt Relief Shares Tips To Save Funds Around The House

                    casual woman saving money

                    Dallas, TX (PRWEB) March 05, 2015 National Debt Relief recently shared in an article published February 21, 2015 how consumers can find ways to save some funds around the house. The article titled “8 Simple Tips To Save Money Around The House” looks at simple tweaks in the way people live to create some wiggle room in household budget. The ... Read More »

                      How to Avoid an Online Vacation Rental Scam

                      In honor of my trip to the White House yesterday.

                      Imagine you’re planning a much-needed vacation. You rent a home using an online site and pay in full to secure the deal. You board your flight and travel to your destination, excited to be far away from work and ready to relax. You arrive at your rental to get the keys – and find out you’ve been scammed. Here’s how ... Read More »

                        5 Reasons You Can’t Get a Mortgage

                        Virtual Mortgage

                        Are you gearing up to refinance or buy a home this year? These five things may stop your mortgage dead in its tracks. Here’s what you need to know to prevent your loan application from being denied. 1. Your Credit Score Is Not What You Think It Is This scenario is all too common. A consumer will get one credit score ... Read More »

                          Help! I Lost Out on an Apartment Because of a Credit Report Mistake

                          credit-cards

                          A reader, Emily, wrote to us after being turned down for an apartment because of a previous eviction for her husband — only he’d never been evicted. Instead, she thinks his records may have been confused with his father’s. Here’s her story: My husband and I tried getting an apartment last month and they denied us because my husband supposedly ... Read More »

                            ACCC Offers 5 Steps to Protect Yourself from Identity Theft

                            identity-theft

                            Boston, MA (PRWEB) March 04, 2015 The amount of consumers who have experienced digital identity theft has skyrocketed over the past couple of years. The biggest issue is more often than not, consumers do not know how to protect themselves against scammers, which is why American Consumer Credit Counseling has released a handful of tips in hopes of minimizing the ... Read More »

                              5 Ways to Boost Your Retirement Savings

                              retirement Paul Revere

                              Even if you haven’t yet entered the working world, you can probably assume you will want to retire and some point. While most Americans have similar goals for a debt-free, affordable post-working life, you might not realize how much work (outside the office) it takes to get there. You probably are not saving enough, or are at least worried that ... Read More »

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