Student loans are a source of discomfort for many Americans. They’re worth it—which the evidence backs up—but the cost can feel too high for some. According to the Federal Reserve’s recent report, the average debt for student loans is $36,299. 52 percent of borrowers under the age of 25 report that someone else is assisting
We all know when to appreciate a teacher. But do we understand how, or what for? I suspect, on the whole, we don’t (though we try). It’s enjoyable to remember how cool some of our teacher’s rooms looked—especially as the Halloween-Snicker-sized little anklebiters we used to be. But now that we’re adults, we know what
Whether it was when Harry met Sally, Allie and Noah, the English Patient, or Han and Leia; a kiss can be valuable, and justify real love between two people, but it probably only happens to people with good credit—or so says the thesis of a 2015 paper by the Federal Reserve; an exhaustive study on the connection
For most college students, education is the only thing worth worrying about—everything else can wait. That’s just plain nonsense.     More than 70 percent of students with a bachelor’s degree end up borrowing an average of $29,400. Student loan debt has passed the $1 trillion mark, and $66 billion of that is coming from grandparents
Believe it or not, money laws go all the way back to Aristotle. The ancient Greek philosopher famously called moneylending “the birth of money from money.” Even the Bible says “love ye enemies, do good, and lend, hoping for nothing thereby.” Early in our collective history, moneylending was seen as a personal transaction; an act
There’s nothing wrong with online dating, but there’s a sad, dark business to online romance scams resulting in lots of lost consumer cash. According to FBI’s complaint center,  the bureau reported 15,000 romance scams, resulting in a combined $230 million in consumer losses.  Some of the reports involved soft scams, such as one partner asking the
“They” say that diamonds are a girl’s best friend – although Leonardo DiCaprio disagrees. There are a number of reasons for that. Psychologists say that diamonds act as “courtship gifts” because it shows us that our significant others see us as “investments”, and apparently girls (and boys, of course) love that. But so do collection
With tax seasons under way, everyone can’t wait to to spend their refund money like a lottery ticket. Despite our inner wishes, that tax refund is not a Victoria’s Secret gift certificate. If it is, you either haven’t had to worry about debt, or are about to start. First, a quick refresher: a tax refund
For a lot of Americans, debt collection is a world that they’ll either never understand, or avoid altogether. So what are collections? And what are charge-offs? What are the differences in this financial jungle? The first thing to note is that debt is different from a collection, just as a collection is different from a
Many people understand the basic idea behind debt. You buy things, and when you do, lenders can help you, but if lenders don’t get your money, suddenly the borrower and the lender have an agreement problem. Broken agreements are what we call debt (which is different, though related, from collections). This is the system that