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Have They No Shame? What’s Up With Friends Asking To Borrow Our Hard-Earned...
“Can I get $300 for my cable bill?” Translation: Are you dumb enough to pay for my foolish financial mistakes by handing me the hard-earned fruits of your labor? This type of shamelessness reminds me...
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12 Questions To Ask Yourself Before Taking On A Loan
Source: LaylaBird / Getty A loan is a commitment. It might be in your life for many years. It may be just a few years, or it may be several decades. Personal Finance company SoFi reports that the...
View ArticleTaking Aim at the Mortgage Tax Break
(New York Times) — By proposing to curtail the tax deduction for mortgage interest, the president’s deficit commission is sounding an alarm. The home mortgage deduction is one of the most widely used...
View ArticleRefinancing Now Could be Better Than Waiting for Mortgage Rates to Drop Further
(LA Times) — When the Federal Reserve recently rolled out its plan to pump $600 billion into the credit markets, many homeowners and buyers might have figured that because mortgage interest rates are...
View ArticleThree Alternatives to Big-Bank Borrowing
(Businessweek) — If you haven’t had luck landing a business loan or credit line from the big banks you’ve approached, don’t expect your odds to improve any time soon. The Basel III guidelines, intended...
View ArticleEducating Student-Loan Co-signers
(Wall Street Journal) — When a student dies, the bill for his student loans often lives on – to the painful surprise and dismay of his co-signers. New Senate legislation seeks to change that, by...
View ArticleLenders May Closely Monitor Borrowers for Life of a Loan
(LA Times) — The day is coming when lenders will no longer turn their clients loose after they leave the closing table, never to be heard from again unless someone misses a payment or two. Think of it...
View ArticleManage Student Loans Via Income-Based Repayment
(US News and World Report) — My mama always told me that you can’t get blood from a turnip. True enough. Even so, when student loanborrowers graduate, we’re told we have to start paying back our loans....
View ArticleSBA Ending Important Program of Lending
(Sarasota Herald-Tribune) — THE U.S. SMALL BUSINESS Administration announced on Dec. 15 that it was ending its Community Express pilot loan program on April 30. The program has been widely used by...
View ArticlePick From the Federal Student Loan Smorgasbord
(U.S. News and World Report) — If you need to borrow to finance your education, federal student loans should be first on your menu. Congress and the U.S. Department of Education regulate federal...
View ArticleStates Try to Force Mortgage Workouts
(Wall Street Journal) — A few states are forcing banks to sit down with borrowers facing foreclosure and attempt to hammer out a settlement face to face rather than going to court. The compulsory...
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