In his State of the Union Address recently, President Obama characterized federal subsidies to banks making student loans, as “unwarranted taxpayer subsidies” and again stated his desire to end private bank involvement in the origination of student loans. One of the far reaching goals of the Obama administration is to overhaul the student loan industry […]
Monthly Archives: March 2010
Seven Steps to Take In the Event of Identity Theft |
The Federal Trade Commission (FTC) estimates that crimes of identity theft affect 9 million people each year. It is the most frequent complaint that people file with the FTC and has held the number one spot for the past five years. According to a 2008 national research study on fraud, an identity theft occurs every […]
4 Keys to Switching Banks |
Since the financial crisis began a couple of years ago and banks found themselves on the hot seat with regulators and their customers, many consumers have gone through the process of switching banks over the past several months. Bank customers are looking for banks that simplify the banking process and make it easy and comfortable […]
Put Your Children Second |
You’re a loving parent who wants nothing but the best for your children. You sacrifice your time and money to make them as happy and successful as possible. So, naturally, you scrape together any spare funds and save it for their college education. Let’s explore the reasons why that’s not a good idea for you […]
Personal Loans and Social Lending Sites |
As social networking increasingly becomes our way of connecting with others, it is only natural that this online world of relationships crosses over to the world of finance and personal loans. On sites like Facebook people have thousands of friends from around the globe, and have virtual memberships in organizations and businesses that promote a […]
Ways Uncle Sam is Pressuring Loan Servicers to Modify Loans |
With 14% of homeowners either in foreclosure or behind on their payments, the Obama administration is facing increasing pressure to provide aid to distressed homeowners. The chief method that the administration is pushing to help struggling homeowners is loan modification and they’re patience with lenders and loan servicing companies is wearing thin. In all, 71 […]