Beginning July 1, 2009 some college graduates can get lower loan payments. The College Cost Reduction and Access Act of 2007 included the Income-Based Repayment Plan (IBR). The IBR calculates monthly payments on student loans based on a person's income and family size.
The program will be open to graduates with a Stafford, Graduate PLUS or consolidation loan made [...]
With the passing of three major entertainers this week, scammers and hackers are taking advantage of the situation as fans mourn the loss of Michael Jackson, Farrah Fawcett and Ed McMahon.
US-CERT (Computer Emergency Readiness Team, part of Homeland Security) issued a statement on June 26th regarding spam campaigns, phishing attacks and malicious code targeting the deaths [...]
This article started out as a reminder about the importance of checking your credit card statements. To say that you should look for duplicate charges, unknown charges, additional or new fees. And with the way credit card companies are lowering account limits, you should check your credit limit each month to be sure it's the same. Remember, [...]
When you apply for a loan of any type and the company checks your credit to determine approval for that loan, you will get an Inquiry on your credit report. When the consumer initiates the application it is considered a Hard Inquiry and will be counted in the New Credit part your score.
A Soft Inquiry will [...]
The lending industry has been through huge changes and continues to evolve. It seems that the media gets a headline and promotes mortgage news even before the guidelines are put into place. It can be confusing and overwhelming.
To shed some light on current lending guidelines and the $8000 tax credit, we spoke with Kathryn Welch, [...]
We continue to get questions about Debt Settlement as people look for ways to save money during this economic turmoil. We have written two articles in the past month with information on doing your own debt negotiation with your creditors. The first one included links to the information our clients have used to save thousands of dollars [...]