Monthly Archives: May 2010

Are consumers heading toward more debt consolidation loans? A new report from Credit Karma suggests they might be. The report, released in early May, paints a picture of the average U.S. consumer saddled with loads of debt. According to the report, the average U.S. consumer is stuck with large amounts of credit card, home mortgage, […]

Paying for college is costlier than ever, and now a growing number of students may be unable to take advantage of debt consolidation services. That’s because private lenders who have originated student loans rarely offer to consolidate student debt. This can make life difficult for college students, who, according to CollegeBoard.com, graduate with an average […]

If there’s been a silver lining to the Great Recession and its oh-so-slow recovery it’s this: A smaller number of consumers may be heading toward debt consolidation. That’s because the recession might have taught consumers how important it is to save money and pay off debt. The recession also led to the federal government’s Credit […]

As reported by the US Bureau of Labor Statistics recently, unemployment remains at a record high of over 10% for the first quarter of 2010; simultaneously, the number of personal loans continued a steady decline. The decline in personal loans comes at a time when other loan products, including auto loans, home loans, and cash […]

Identity theft can happen to the best of us; even the chairman of the powerful Federal Reserve Board, had his identity stolen in 2008. While credit card theft and the subsequent fraud linked to it is the basic type of identity theft, there are even more sinister forms of information theft leading to identity fraud. […]

Blame it on the economy, falling home values and high credit card debt, but one thing is certain: U.S. residents are relying more than ever on debt consolidation loans. These loans, in which consumers work with private companies to turn several debts into one affordable loan payment each month, become more popular as consumers run […]

The cost of a college education has increased at a faster pace than the cost of most other goods and services over the past several years. Parents with young children today who plan to fund a four year education during the next twenty years or so can expect to pay in the six-figure range for […]

There have been two major trends reported in the personal loans industry this past week, and these have major consequences for anyone opting for a personal line of credit. First, financial analysts are reporting a decrease in the number of borrowers seeking personal loans for debt consolidation. This means more borrowers are choosing to pay […]

Add the writers at SmartMoney.com, one of the Web’s most trusted sources of financial information, to the growing chorus of financial experts – and debt consolidation providers — wondering if consumers are ready to dust off their credit cards again. In February, of course, consumer credit fell by $11.5 billion, a figure that includes a […]

Though most aren’t even old enough to vote, prospective college students are learning a harsh political lesson. Thanks to a plethora of states struggling with mounting budget deficits, many public colleges and universities are boosting tuition rates. Luckily, Junior and little Sally will have the option to take out a student loan to cover those […]