May 22, 2012

Do fixed interest rate private student loans exist?

Students often ask me where they can find a fixed interest rate private student loan. The truth about fixed interest rate private student loans is that they do not exist. All private student loan interest rates are variable which means they can fluctuate over time. They are based on a borrower’s credit score and credit [...]

Medical Bankruptcy

Consumer Debt Rose $21 Billion Last Month Thanks to Credit Card Use

The total amount of consumer credit circulating in the United States rose by more than $21 billion last month, raising concerns that more people … [Read More...]

ResCap Files For Bankruptcy, Eyes Paying Back Taxpayer Bailout Money

Ally Financial Inc’s mortgage unit, named Residential Capital (ResCap for short), filed for bankruptcy on Monday, according to Reuters. Ally … [Read More...]